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Ocean Partnership

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Strengthening its commitment to sailing UBS will be sponsoring the Nautor syndicate, who will be entering two yachts in the forthcoming Volvo Ocean Race due to set sail September 23, 2001.

It is the world's most demanding sailing race lasting nine months and covering about 33,000 nautical miles. Beginning in Southampton, England the race is divided into nine legs and eight stop-overs. They will cross the final finish line in Kiel, (Ger) in June of 2002. Grant Dalton (NZL), who just broke the Round the World sailing speed record, will skipper one of the yachts and Lisa McDonald (USA) will skipper an all-girl crew on the other yacht.

Sailing, one of the latest international sponsorship platforms for UBS, forms the perfect partnership for success, sharing in common such attributes as leadership, excellence and global diversity. Hakan Erixon, Managing Director, Nordic Corporate Finance at UBS Warburg, said: "We are delighted to be part of this prestigious global event. The boats we are sponsoring are crewed by two of the highest quality teams. Our association with sailing, Nautor Challenge and the Volvo Ocean Race is representative of the power of partnership and teamwork which is so important to our business."

The Volvo Ocean Race, originally called the Whitbread Round the World Race, began in 1971 with some adventure seeking sailors who wanted to create a challenge in water which likened itself to a Mount Everest climb on land.

Each of the 60-footers will be crewed by a team of 12. Due to the physically demanding nature of the race they will rotate in the positions and will have team specialists for the different tactical requirements for each of the nine legs. On shore will be a quasi "pit-crew" who will be prepped and ready at each of the stops to attend to the teams' needs so that they may continue in their best form. The course, which is new this year, will take the fleet from Cape Town, up to the south-west corner of Australia, then Sydney, around Cape Horn to Rio, Miami, Baltimore, Bay of Biscay then to La Rochelle, through the English Channel and the North Sea to Gothenburg, and ending up in Kiel where the winner will be decided. The race will be broadcast worldwide by ESPN, Eurosport, ITV a/o.

Zurich/Basel,10 July 2001
UBS AG