CAP Clean Air

RNS Number:0552G
UBS AG (EMM)
06 December 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

                                ............ 06 DECEMBER
2004...................................................................................



Date of dealing

                                ........ 03 DECEMBER
2004.............................................



Name of EMM            UBS AG


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



Name of offeree / offeror with whom connected


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














PRODUCT              STATE DESCRIPTION     QUANTITY             PRICE (GBP)          MATURITY DATE
SHORT CFD            CLOSING               -20,392              4.0079               25/08/2005
LONG CFD             WRITTING              4,077                4.030042             03/09/2005
LONG CFD             WRITTNIG              36,694               4.030042             03/09/2005




















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