Communiqués de presse


Change of interest rate for UBS Time Deposit Accounts and Medium-Term Bonds

| Media Releases Switzerland

As of Monday, 18 October 2004, the following interest rates shall apply to UBS Time Deposit Accounts and Medium-Term Bonds.

Medium-Term Bonds

Duration

New Rate

Old Rate

2 years

0.875 %

1.00 %

3 years

1.125 %

1.375 %

4 years

1.375 %

1.625 %

5 years

1.625 %

1.875 %

6 years

1.875 %

2.125 %

7 years

2.00 %

2.25 %

8 years

2.125 %

2.375 %

Time Deposit Accounts

Duration

New Rate

Old Rate

2 years

0.875 %

1.00 %

3 years

1.125 %

1.375 %

4 years

1.375 %

1.625 %

5 years

1.625 %

1.875 %

6 years

1.875 %

2.125 %

7 years

2.00 %

2.25 %

8 years

2.125 %

2.375 %

9 years

2.25 %

2.50 %

10 years

2.375 %

2.625 %

We therefore request that you take the new interest rates into account when compiling tables in the finance section of your newspaper.

Zurich / Basel, 15 October 2004
UBS