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Exclusive to UBS: stock-market transactions via WAP for all e-banking clients.

| Media Releases Switzerland

After a successful pilot phase, UBS is today launching e-banking wap for all e-banking clients, making it one of the first banks in Europe to enable stock-market orders to be issued simply and securely on over 80 stock exchanges via WAP mobile phones. The service also allows clients to carry out foreign-exchange transactions, make account transfers and call up account and custody account information. UBS is thus recognizing the growing demand for independence and mobility.

UBS e-banking wap - the product

UBS e-banking wap provides access via the UBS home page to UBS e-banking, UBS Quotes and personalized functions (storing the contract number for e-banking, enabling simplified access to a personal list of securities in UBS Quotes, selecting a language).
Exclusively to UBS, UBS e-banking wap clients can check on their account and custody account balances, place, monitor and cancel stock-market orders (buying and selling) and carry out account transfers or foreign-exchange transactions. UBS Quotes on WAP is available in four languages. All UBS WAP services are free of charge.

Security is paramount

UBS can already guarantee its clients the highest possible level of security with WAP, meeting the high Internet standards imposed by the Swiss banks (WTLS, 128-bit encryption and authentication with server certificates). It is one of the first banks in the world to provide a connection via its own WAP "Secure Gateway", at present the only viable solution for secure, end-to-end connections. UBS clients require special settings for their WAP mobiles that can be configured manually or via SMS message. Once the secure connection has been established, the authentication is made - as in UBS e-banking via Internet - by means of the contract number, password and scratch list code. At present, only the Nokia 7110 mobile fulfills the security standards set by UBS. It is likely, however, that the majority of mobile phone manufacturers will meet these security requirements in the near future.

The launch of UBS e-banking wap was preceded by a comprehensive series of security tests. Once these had been completed, UBS started a pilot project on 18 July to test the stability of the system. The results were encouraging, and UBS is now pleased to be one of the first banks in the world to offer its e-banking clients even greater independence and mobility!

Zurich/Basel, 5 September 2000

UBS AG