CAP Clean Air

RNS Number:7005F
UBS AG (EMM)
26 November 2004

                                                                 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



Date of disclosure

                                ............26 November
2004...................................................................................



Date of dealing

                                ........25  November
2004.............................................



Name of EMM            UBS AG


........................................................................................................................
................



Name of offeree / offeror with whom connected


     ........GWR GROUP................




PRODUCT              BUY/SELL             PRICE (GBP)        MATURITY             SHARE REFERENCE QUANTITY
LONG CFD             WRITTING                     3.92589986 25/08/2005                         20,392






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