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Jakob Hlasek has joined the Sports and Entertainment Group of UBS as a consultant.

| Media Releases Switzerland

UBS announces today that Jakob Hlasek, former Swiss number one and current Davis Cup captain, has joined its Sports and Entertainment Group (SEG) as a consultant effective January 1st, 2001.

After Karl-Heinz Rummenigge, soccer consultant to the Sports and Entertainment Group since May 2000, Jakob Hlasek will support UBS in its goal of becoming the private banking benchmark in sports and entertainment. He will advise the Sports and Entertainment Group of UBS in providing excellence of service for clients in the tennis segment and UBS specific sports events.

Mr. Hlasek, 35, was one of the best tennis players of his time. His career highlights were the Davis Cup Final in 1992 with the Swiss Team and the World Double Title in 1990. He won 7 professional singles titles and his highest ranking was N°7 in the World and Swiss N°1. Today, Mr. Hlasek is both the Swiss Davis Cup and Fed Cup captain. He also manages successfully his own real estate, computer software and internet companies. His personality and professionalism will be a tremendous asset for the Sports and Entertainment Group of UBS.

To respond to the specific needs of sports people and entertainers, UBS, leader in asset management for high net worth individuals, has set up a dedicated Sports and Entertainment Group. This global Group is headed out of London by Neil Grainger (former IMG McCormack) and has representatives in the United Kingdom, France, Spain, Monaco, the United States and Switzerland (Geneva, Zurich and Lugano). The Sports and Entertainment Group can also count on the experience and expertise of people such as Philippe Hertig (former Swiss soccer player) and Thierry Grin (former tennis player).

The Sports and Entertainment Group of UBS delivers an integrated financial planning model and provides solutions on a global basis with a full range of specific products including cash management, investment management through dedicated funds (including Global Asset Management - GAM funds of funds), portfolio management, investment advisory services, tax planning, insurance advisory and legal liaison.


Melbourne / Zurich / Basel, January 18, 2001

UBS AG