RNS Number:0014N
UBS AG (EMM)
01 July 2003



  FORM 38.5 (SUMMARY)
  Lodge with Company Announcements Office and the Panel. Use a separate form for each class of securities in which
  dealings have been made.
                                              CONNECTED EXEMPT MARKET-MAKERS:
                            DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS
  Name of EMM                      UBS AG
  Date of disclosure               01-Jul-2003
  Contact Name                     Brenton Amedee
  Telephone number                 0207 568 4981
  Please see attached disclosure of dealings under Rule 38.5 in the securities of the following companies:
  CHUBB
  DEBENHAMS
  MCCARTHY & STONE
  POWDERJECT PHARMACEUTICALS
  AMENDMENT
  If the attached Rule 38.5 disclosure is to amend a previous disclosure, please state which element(s) of previous
  disclosure was incorrect:
  In the case of option business or dealings in derivatives full details should be given on a separate sheet so that the
  nature of the dealings can be fully understood. For options this should include the number of securities under option,
  the exercise period (or in the case of exercise, the exercise date), the exercise price and any option money paid or
  received. For derivatives this should include, at least, the number of reference securities to which they relate (when
  relevant), the maturity date (or if applicable the closing out date) and the reference price.For full details of
  disclosure requirements see Rules 8 and 38 of the Code. If in doubt contact the Monitoring Section of the Panel, Tel 
No:
  020-7638 0129.
                                                                                                                        
            FORM 38.5
                                   CONNECTED EXEMPT MARKET-MAKERS:
       DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS
 Dealing in                    CHUBB
 Class of securities           ORD GBP0.36
 Date of disclosure            01-Jul-2003
 Date of dealing               30-Jun-2003
 Name of EMM                   UBS AG
 Name of offeree / offeror with whom connected              Adviser to United Technologies Corporation
 Total Number of securities bought                                                          129,311
 Highest price paid*                                                                         0.7558   GBP
 Lowest price paid*                                                                          0.7525   GBP
 Total Number of securities sold                                                            311,180
 Highest price received*                                                                     0.7575   GBP
 Lowest price received*                                                                      0.7525   GBP
                                                                                                                        
          FORM 38.5
                                    CONNECTED EXEMPT MARKET-MAKERS:
       DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS
 Dealing in                     DEBENHAMS
 Class of securities            ORD GBP0.10
 Date of disclosure             01-Jul-2003
 Date of dealing                30-Jun-2003
 Name of EMM                    UBS AG
 Name of offeree / offeror with whom connected               Permira
 Total Number of securities bought                                                           693,963
 Highest price paid*                                                                          4.2000   GBP
 Lowest price paid*                                                                           4.1800   GBP
 Total Number of securities sold                                                             217,071
 Highest price received*                                                                      4.2035   GBP
 Lowest price received*                                                                       4.1600   GBP
                                                                                                                        
            FORM 38.5
                                   CONNECTED EXEMPT MARKET-MAKERS:
       DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS
 Dealing in                    MCCARTHY & STONE
 Class of securities           GBP0.20
 Date of disclosure            01-Jul-2003
 Date of dealing               30-Jun-2003
 Name of EMM                   UBS AG
 Name of offeree / offeror with whom connected              McCarthy and Stone Plc
 Total Number of securities bought                                                           11,550
 Highest price paid*                                                                         4.9960   GBP
 Lowest price paid*                                                                          4.9500   GBP
 Total Number of securities sold                                                             13,418
 Highest price received*                                                                     4.9426   GBP
 Lowest price received*                                                                      4.9370   GBP
                                                                                                                        
           FORM 38.5
                                    CONNECTED EXEMPT MARKET-MAKERS:
       DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS
 Dealing in                     POWDERJECT PHARMACEUTICALS
 Class of securities            ORD GBP0.10
 Date of disclosure             01-Jul-2003
 Date of dealing                30-Jun-2003
 Name of EMM                    UBS AG
 Name of offeree / offeror with whom connected                Chiron Corp
 Total Number of securities bought                                                              3,025
 Highest price paid*                                                                           5.4630   GBP
 Lowest price paid*                                                                            5.4500   GBP
 Total Number of securities sold                                                                    0
 Highest price received*                                                                       0.0000   GBP
 Lowest price received*                                                                        0.0000   GBP
  FORM 38.5 (SUMMARY)
  Lodge with Company Announcements Office and the Panel. Use a separate form for each class of securities in which
  dealings have been made.
                                              CONNECTED EXEMPT MARKET-MAKERS:
                            DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS
  Name of EMM                      UBS AG
  Date of disclosure               01-Jul-2003
  Contact Name                     Brenton Amedee
  Telephone number                 0207 568 4981
  Please see attached disclosure of dealings under Rule 38.5 in the securities of the following companies:
  SCOTTISH & NEWCASTLE
  VERNALIS GROUP
  WPP GROUP
  AMENDMENT
  If the attached Rule 38.5 disclosure is to amend a previous disclosure, please state which element(s) of previous
  disclosure was incorrect:
  In the case of option business or dealings in derivatives full details should be given on a separate sheet so that the
  nature of the dealings can be fully understood. For options this should include the number of securities under option,
  the exercise period (or in the case of exercise, the exercise date), the exercise price and any option money paid or
  received. For derivatives this should include, at least, the number of reference securities to which they relate (when
  relevant), the maturity date (or if applicable the closing out date) and the reference price.For full details of
  disclosure requirements see Rules 8 and 38 of the Code. If in doubt contact the Monitoring Section of the Panel, Tel 
No:
  020-7638 0129.
                                                                                                                        
            FORM 38.5
                                   CONNECTED EXEMPT MARKET-MAKERS:
       DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS
 Dealing in                    SCOTTISH & NEWCASTLE
 Class of securities           GBP0.20
 Date of disclosure            01-Jul-2003
 Date of dealing               30-Jun-2003
 Name of EMM                   UBS AG
 Name of offeree / offeror with whom connected              Scottish & Newcastle Plc
 Total Number of securities bought                                                          278,740
 Highest price paid*                                                                         3.7725   GBP
 Lowest price paid*                                                                          3.6825   GBP
 Total Number of securities sold                                                            924,204
 Highest price received*                                                                     3.7750   GBP
 Lowest price received*                                                                      3.6900   GBP
                                                                                                                        
          FORM 38.5
                                    CONNECTED EXEMPT MARKET-MAKERS:
       DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS
 Dealing in                     VERNALIS GROUP
 Class of securities            ORD GBP0.10
 Date of disclosure             01-Jul-2003
 Date of dealing                30-Jun-2003
 Name of EMM                    UBS AG
 Name of offeree / offeror with whom connected               Vernalis Group Plc
 Total Number of securities bought                                                                 0
 Highest price paid*                                                                          0.0000   GBP
 Lowest price paid*                                                                           0.0000   GBP
 Total Number of securities sold                                                              10,000
 Highest price received*                                                                      0.4500   GBP
 Lowest price received*                                                                       0.4500   GBP
                                                                                                                        
            FORM 38.5
                                   CONNECTED EXEMPT MARKET-MAKERS:
       DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS
 Dealing in                    WPP GROUP
 Class of securities           ORD GBP0.10
 Date of disclosure            01-Jul-2003
 Date of dealing               30-Jun-2003
 Name of EMM                   UBS AG
 Name of offeree / offeror with whom connected              Cordiant Communications Group Plc
 Total Number of securities bought                                                          632,704
 Highest price paid*                                                                         4.8266   GBP
 Lowest price paid*                                                                          4.6853   GBP
 Total Number of securities sold                                                            635,636
 Highest price received*                                                                     4.8225   GBP
 Lowest price received*                                                                      4.7000   GBP


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

EMMBGGDRRSGGGXB