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UBS Named Best Global Investment Bank, Best Global Private Bank and Best Global Equity House by Euromoney

| Media Releases Switzerland

UBS has been named Best Global Investment Bank, Best Global Private Bank and Best Global Equity House in the 2004 Euromoney Awards for Excellence announced last night. Following a strong performance in 2003, UBS has again won a suite of awards across all business areas and regions.

The full list of awards is as follows:

Best Investment Bank
Best Global Private Bank
Best Equity House

Best Bond House - Emerging Europe
Best Equities House - Western Europe
Best Equities House - Latin America
Best Equities House - Asia

Best Equities House - Belgium
Best Equities House - Brazil
Best Equities House - Spain
Best Equities House - UK
Best M&A House - Germany
Best Equities House - Australia
Best Equities House - Hong Kong
Best Debt House - Guatemala

Zurich / Basel, 16 July 2004
UBS

Zurich / Basel, 16 July 2004
UBS