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UBS remains profoundly shocked by the attacks in the U.S., very concerned about the whereabouts of a few employees

| Media Releases Switzerland

UBS remains profoundly shocked by the attacks in the U.S., and by the scale of the personal tragedy. UBS's deepest sympathies lie with those who have loved ones, relatives, friends or colleagues among the victims.

No UBS offices in New York have been directly affected by the attacks although the group is very concerned about the safety and whereabouts of a few of its employees.

At this time, business considerations take second place.

Zurich / Basel, 13 September 2001
UBS AG