RNS Number:5588Q
UBS AG (EMM)
06 October 2003



                                                                              Date of disclosure      06-Oct-2003
  DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) AND 8.3 OF THE CITY CODE ON TAKEOVERS AND MERGERS
   Date of dealing            03-Oct-2003
                              FUSION OIL & GAS
   Dealing in
   (1)          Class of securities (e.g. ordinary               ORD GBP0.01
    Class  of   shares)

   securities
    (e.g.
   ordinary
   shares)
                       Amount bought       Amount sold    Price per unit    Currency
   (2)                     1,000,000                 0            0.3958     GBP


  (3)    Resultant total of the same class owned or controlled (and percentage of class)                          
1,600,000     1.6292 %
         :
  (4)    Party making disclosure              UBS LIMITED
         :
  (5)    EITHER (a) Name of purchaser/vendor (Note 1)                   UBS LIMITED
         OR                    (b)  If  dealing  for  discretionary  client(s),  name  of  fund
         management  organisation
  (6)    Reason for disclosure (Note 2)
                                                                                           NO
            (a)  associate  of                      (i)  offeror  (Note  3)
                             (ii) offeree company                                          NO
         Specify which category or categories of associate (1- 8 overleaf)
         If category (8), explain

            (b) Rule 8.3 (i.e. disclosure because of ownership or control                  NO
            of 1% or more of the class or relevant securities dealt in)

                                                                                                                        
                       0976963
  Signed, for and on behalf of the party named in (4)
  
above:..................................................................................................................
....................
  (Also print name of signatory) [?c=8230][?c=8230][?c=8230] S. NOONE[?c=8230].E. GREGORY
  SMITH...............................................................................................
  Telephone and extension number[?c=8230][?c=8230]020-7568 4981[?c=8230][?c=8230][?c=8230][?c=8230][?c=8230][?c=8230]
  [?c=8230][?c=8230][?c=8230][?c=8230][?c=8230].[?c=8230][?c=8230][?c=8230][?c=8230]...[?c=8230][?c=8230][?c=8230]
  [?c=8230]
 Note1.   Specify  owner,  not  nominee  or  vehicle  company.    If  relevant,  also  identify  controller  of  owner,
          e.g.  where  an  owner  normally  acts  on  instructions  of  a  controller.


 Note 2.  Disclosure might be made for more than one reason; if so, state all reasons.
 Note 3.  Specify  which  offeror  if  there  is  more  than  one.


 Note4.   When  an  arrangement  exists  with  any  offeror,  with  the  offeree  company  or  with  an  associate  of
          any  offeror  or  of  the  offeree  company  in  relation  to  relevant  securities,  details  of  such
          arrangement  must  be  disclosed,  as  required    Note  6  on  Rule  8
 For  full  details  of  disclosure  requirements,  see  Rule  8  of  the  Code.    If  in  doubt,  contact  the
 Panel  on  Takeovers  and  Mergers.    Tel  No:  0207-382  9026.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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