RNS Number:7409C
UBS AG (EMM)
08 September 2004




                                                                     Rule 38.5
(CFD)



            CONNECTED EXEMPT MARKET-MAKERS/EXEMPT PRINCIPAL TRADERS:

      DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS





Dealing in Contract for Differences ("CFD") referenced to...........HBOS PLC...
...



Date of Disclosure......08 SEP 2004.............................................
............................



Date of Dealing.........07 SEP 2004...........................................
....................................



Name of EMM/EPT...UBS ..........................................................
.............



Name of offeree / offeror with whom connected ......ABBEY NATIONAL PLC.........
...............



Product Type.........SHORT CFD..... ............................................
..............................



Maturity Date......02 MAY 2004................................................
....................





Writing of CFD



Number of ORDINARY SHARES to which the CFD is referenced .....................
........



CFD reference price: (High).......... ............(Low)............... .........
...........





Closing out of CFD



Number of (class of security) to which the CFD is referenced ...............
27,000...................



CFD reference price: (High)..........7.02 GBP............(Low)............7.02
GBP............ ........













Further disclosure should be made where necessary so that the nature of the
dealings can be fully understood.


                                                                     Rule 38.5
(CFD)



            CONNECTED EXEMPT MARKET-MAKERS/EXEMPT PRINCIPAL TRADERS:

      DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS





Dealing in Contract for Differences ("CFD") referenced to...........HBOS PLC...
...



Date of Disclosure......07 SEP 2004.............................................
............................



Date of Dealing.........06 SEP 2004...........................................
....................................



Name of EMM/EPT...UBS ..........................................................
.............



Name of offeree / offeror with whom connected ......ABBEY NATIONAL PLC.........
...............



Product Type.........SHORT CFD..... ............................................
..............................



Maturity Date......10 MAY 2004................................................
....................





Writing of CFD



Number of ORDINARY SHARES to which the CFD is referenced .....................
........



CFD reference price: (High).......... ............(Low)........................
...........





Closing out of CFD



Number of (class of security) to which the CFD is referenced ......75,000......
...................



CFD reference price: (High)..........7.02 GBP............(Low)............7.02
GBP......... ...........











Further disclosure should be made where necessary so that the nature of the
dealings can be fully understood.






                                                                     Rule 38.5
(CFD)



            CONNECTED EXEMPT MARKET-MAKERS/EXEMPT PRINCIPAL TRADERS:

      DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS





Dealing in Contract for Differences ("CFD") referenced to........... ABBEY
NATIONAL PLC......



Date of Disclosure......07 SEP 2004.............................................
............................



Date of Dealing.........06 SEP 2004...........................................
....................................



Name of EMM/EPT...UBS ..........................................................
.............



Name of offeree / offeror with whom connected ......ABBEY NATIONAL PLC.........
...............



Product Type.........LONG CFD..... ............................................
..............................



Maturity Date......07 JUNE 2004................................................
....................





Writing of CFD



Number of ORDINARY SHARES to which the CFD is referenced ......498,000.........
..............



CFD reference price: (High)..........6.13 GBP ............(Low).........6.13 GBP
..........................





Closing out of CFD



Number of (class of security) to which the CFD is referenced ..................
.............



CFD reference price: (High).......... ............(Low)............ .........
...........











Further disclosure should be made where necessary so that the nature of the
dealings can be fully understood.


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