CAP Clean Air

RNS Number:4912K
UBS AG (EMM)
01 April 2005

                                                                 FORM 38.5 (CFD)



                        CONNECTED EXEMPT MARKET-MAKERS:

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







Dealing in Contract for Difference

 ("CFD") referenced to ................................CAPITAL RADIO
PLC........................



Date of disclosure

                                ...........................................01
APRIL 2005................................................



Date of dealing

                                ..........................................31
MARCH 2005................................................



Name of EMM    .......................................UBS AG
...............................................................



Name of offeree / offeror with whom connected    GWR GROUP









      PRODUCT          STATE DESCRIPTION         QUANTITY              PRICE            MATURITY DATE
      LONG CFD              CLOSING                      25,000         4.03              28/12/2011








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