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

| Media Releases Switzerland

As of Monday, 11 February 2002, the following interest rates shall apply to UBS Time Deposit Accounts and Medium-Term Bonds.

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

Zurich/Basel, 11 February 2002
UBS AG

Medium-term bonds

Duration

New Rate

Old Rate

2 years

2.25 %

2.00 %

3 years

2.50 %

2.25%

4 years

2.75 %

2.50 %

5 years

3.00 %

2.75 %

6 years

3.00 %

2.75 %

7 years

3.25 %

3.00 %

8 years

3.25 %

3.00 %

Time deposit accounts

Duration

New Rate

Old Rate

2 years

2.25 %

2.00 %

3 years

2.50 %

2.25%

4 years

2.75 %

2.50 %

5 years

3.00 %

2.75 %

6 years

3.00 %

2.75 %

7 years

3.25 %

3.00 %

8 years

3.25 %

3.00 %

9 years

3.25 %

3.00 %

10 years

3.50 %

3.25 %