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UBS lowers interest rates

| Media Releases Switzerland

As from 1 July 2001, UBS will lower its interest rates on savings accounts, personal accounts and UBS Fiscainvest Retirement Savings Accounts by 0.25%.
There will be no change in interest rates for young people's accounts (UBS Savings Account for Young People, UBS Generation/Campus personal accounts), for savings and personal accounts in euros and for current accounts for private clients.

By reducing interest rates on deposits, UBS is responding to easier conditions in the capital and money markets which are causing market interest rates to fall.

The following interest rates will apply from 1 July 2001

now

previously

UBS savings account

1.25%

1.5%

UBS Fiscainvest retirement savings account

2.75 %

3.00%

UBS personal account (adults)

0.25%

0.5%

UBS personal account 60plus

0.75%

1.0%

UBS savings account for young people

2.25 %

unchanged

UBS Generation personal account

2.00 %

unchanged

UBS Campus personal account

2.00 %

unchanged

UBS euro personal account

1.50 %

unchanged

UBS euro savings account

2.50 %

unchanged

May we kindly request you to alter the tables in the financial section of your newspaper accordingly.

Zurich/Basel, 27 June 2001
UBS AG