RNS Number : 5435J
  UBS AG (EPT)
  04 December 2008
   


    FORM 38.5(a)

    DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS 
    WITH RECOGNISED INTERMEDIARY STATUS
    DEALING IN A CLIENT-SERVING CAPACITY
    (Rule 38.5(a) of the Takeover Code)

    1.    KEY INFORMATION

 Name of exempt principal trader                      UBS AG London Branch
 Company dealt in                                     British Energy Group plc
 Class of relevant security to which the dealings     Ord 10p
 being disclosed relate (Note 1)
 Date of dealing                                      03 DECEMBER 2008


    2.    DEALINGS (Note 2)

    (a)    Purchases and sales

 Total number of securities  Highest price paid  Lowest price paid
 purchased                   (Note 3)            (Note 3)

         1,285,522               757 pence         751.50 pence


 Total number of securities  Highest price received  Lowest price received
 sold                        (Note 3)                (Note 3) 

          773,959                  756 pence             751.75 pence

    (b)    Derivatives transactions (other than options)

 Product name,   Long/short   Number of securities   Price per unit 
 e.g. CFD        (Note 4)     (Note 5)               (Note 3)

    
 
 CFD  SHORT  20000   7.5364 GBP
 CFD  SHORT   6700     7.5471
 CFD  SHORT   8900     7.5471
 CFD  SHORT  35600     7.5471
 CFD  SHORT  238300    7.5471
 CFD  SHORT  280600    7.5471
 CFD  SHORT  320673    7.5471
 CFD  LONG    592       7.55


    (c)    Options transactions in respect of existing securities
    (i)    Writing, selling, purchasing or varying

 Product         Writing,              Number of securities  Exercise price   Type, e.g. American,  Expiry date  Option
 name,e.g        selling,              to which the option                    European etc.                      moneypaid/received
 call            purchasing,           relates (Note 5)                                                          per unit (Note 3)
 option          varying etc






    (ii)    Exercising

 Product name, e.g. call option  Number of securities  Exercise price per unit 
                                                       (Note 3)





      

    3.    OTHER INFORMATION

    Agreements, arrangements or understandings relating to options or derivatives


    Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting
rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or
disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated.  

    **************************

    **************************



 Date of disclosure                            04 DECEMBER 2008
 Contact name                                  NIMISHA SACHDEV
 Telephone number                              020 7568 9289
 Name of offeree/offeror with which connected  British Energy PLC
 Nature of connection (Note 6)                 CONNECTED ADVISER


    Notes

    The Notes on Form 38.5(a) can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk

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