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UBS ART AWARD 2000 goes to Martina Gmür.

| Media Releases Switzerland

On behalf of the international jury, Sir Nicholas Serota announced the winner of the UBS Art Award 2000 in the London Whitechapel Art Gallery. The UBS Art Award 2000 - the first of its kind - is an international art competition in which graduating students from 20 art colleges in ten countries were invited to participate. Supporting young artists reflects UBS Private Banking's commitment to promoting young talents and to contributing to the painting of tomorrow.

UBS has awarded an international painting prize of 30,000 Swiss Francs (approximately £12,000) to Martina Gmür from Switzerland, University of applied sciences Basel. Furthermore, nine other national winners for each country have been awarded 10,000 Swiss Francs (approximately £4,000). The winners were chosen from three participants of each country who were sent to the final judging round in London after having been selected by national juries. All in all, a total of 340 works from students at 20 art colleges in ten countries were submitted to the competition.

The other nine national winners are: Lily Hibberd (Australia), Karina Bisch (France), Tamara Khundadze (Germany), Valentina Frigerio (Italy), Tomohiro Noguchi (Japan), Mandla Mabila (South Africa), Joaquim Cantalozella Planas (Spain), June Sira (UK), Hillary Bleecker (USA).

The winners of the UBS Art Award 2000 were selected by an international jury of judges from leading art institutions around the world. Chaired by Sir Nicholas Serota, Director Tate (UK), the panel included Professor Jean-Christoph Ammann, Director of the Museum of Modern Art Frankfurt (Germany), Professor Dr. Serge Lemoine, Chief Curator of the Musée de Grenoble (France), the New York Gallery owner and expert in contemporary art, Betsy Miller (USA), Dr. Umberto Allemandi, Art Publisher, Turin (Italy), Peter Pakesch, Director of the Kunsthalle Basel and Georges Gagnebin, CEO Private Banking & Member of the Group Executive Board UBS AG, Zurich/Basel (Switzerland).

Commenting on the occasion, Sir Nicholas Serota, Director Tate and chairman of the international jury, said: "The Jury has been impressed by the range and energy of the paintings on view and compliments all the artists who have been selected. The high standard of the work made the final decision extremely difficult."

Georges Gagnebin, CEO UBS Private Banking, affirmed: "The UBS Art Award 2000 provokes and enables an interaction between the art world, our clients, our personnel and the public in general. For UBS Private Banking, the Award represents innovation and quality, the desire for perfection and a dialogue with trends in society and personal emotions. UBS is proud to be able to explore new ways in supporting the arts."

London, December 8, 2000

UBS AG