RNS Number:6999E
UBS AG (EMM)
01 November 2004


PRIVATEFORM 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 November 2004
                        ....................................................................................
Contact Name            Equities Compliance
                        ....................................................................................
Telephone number        020-7568 4981
                        ....................................................................................
Please see attached disclosure of dealings under Rule 38.5 in the securities of the following companies:
TDG PLC

CAPITAL RADIO PLC
                                  _______________________________________
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                CAPITAL RADIO PLC                        (name of company)

                          .......................................
                          ....
Class of Security         ORDINARY SHARES

                          ...............................................................
Date of disclosure        01-NOV-2004

                          ...............................................................
Date of dealing           29-OCT-2004

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

                          ...............................................................
Name of offeree / offeror with whom connected        GWR GROUP

                                                     ....................................
Total Number of securities bought      1,446


Highest price paid*                    410.5 GBP


Lowest price paid*                     410.25 GBP


Total number of securities sold        25,000


Highest price received*                410.51 GBP


Lowest price received*                 410.51 GBP






                                                                                     FORM 38.5

                               CONNECTED EXEMPT MARKET-MAKERS:

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


Dealing in                TDG PLC                                  (name of company)

                          .......................................
                          ....
Class of Security         ORDINARY SHARES

                          ...............................................................
Date of disclosure        01-NOV-2004

                          ...............................................................
Date of dealing           29-OCT-2004

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

                          ...............................................................
Name of offeree / offeror with whom connected        SALVESEN (CHRISTIAN)

                                                     ....................................
Total Number of securities bought      1,250


Highest price paid*                    235.55 GBP


Lowest price paid*                     235.55 GBP


Total number of securities sold        0


Highest price received*                0 GBP


Lowest price received*                 0 GBP












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

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