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UBS Investment Bank engages Neal H. Pilson as senior advisor to firm's Sports Finance Group

Media Releases Americas

New York, January 8, 2004 -- UBS announced today that Neal H. Pilson has been engaged by the firm's Investment Bank as a senior advisor to the firm's Sports Finance Group. Mr. Pilson is based in Chappaqua, NY and his activities for UBS will be directed by Jeffrey Sine, Vice Chairman & Global Head of Technology, Media and Telecommunications.

Mr. Pilson will work with Andrew R. Sriubas, Managing Director, and will be responsible for helping to build the firm's Sports Finance Group, which was formed in 2003 to assist sport leagues, owners and teams with financing and strategic opportunities. Each of UBS's divisions will benefit from Mr. Pilson's expertise as the world of sports encompasses not only corporate entities but individuals and government organizations as well.

Mr. Pilson, a senior industry executive and former president of CBS Sports, formed his own sports television consulting company, Pilson Communications, Inc. in 1995. PCI is active in all areas of sports television, media and marketing and provides representation, negotiation and packaging services for U.S. and international companies and organizations.

"We are delighted that Neal will be working with us and our clients." said Jeff Sine. "The relationship between the areas of sport, media, and finance is highly complex and is changing everyday. We believe that these areas create a significant business opportunity for both our clients and our firm."

UBS is one of the world's leading financial firms, combining financial strength with a reputation for innovation and a global culture that embraces change. UBS is the world's largest wealth manager, a premier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. UBS, headquartered in Zurich and Basel, employs slightly more than 66,000 people, and has operations in over 50 countries and in all major financial centers.

Inquiries: Kristopher A. Kagel: +1 212-713-8703 of UBS