HWY Highway Ins.

    RNS Number : 0622F
  UBS AG
  03 October 2008
   

    FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
    (Rule 8.3 of the City Code on Takeovers and Mergers)

    1.    KEY INFORMATION
 Name of person dealing (Note 1)                   UBS AG London Branch
 Company dealt in
                                                   Highway Insurance Group Plc
 Class of relevant security to which the dealings  Ord 20 p
 being disclosed relate (Note 2)
 Date of dealing                                   03 OCTOBER 2008

    2.    INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE
     (a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3)

                                              Long              Short
                                              Number     (%)    Number  (%)
 (1) Relevant securities                      7,474,329  3.66%    0     0.00%
 (2) Derivatives (other than options)
 (3) Options and agreements to purchase/sell
 Total                                        7,474,329  3.66%    0     0.00%


    (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3)

 Class of relevant security:                  Long         Short
                                              Number  (%)  Number  (%)
 (1) Relevant securities 
 (2) Derivatives (other than options)
 (3) Options and agreements to purchase/sell
 Total

    *     �Rights to subscribe (Note 3)
  Class of relevant security:  Details


    *     DEALINGS (Note 4)
     (a)    Purchases and sales


 Purchase/sale  Number of securities  Price per unit (Note 4)

    SALE       15000   73 pence
    SALE       15000      73
    SALE       15000      73
    SALE       15000      73
    SALE       10000      73
    SALE       10000      73
    SALE       10000      73
    SALE       10000      73
    SALE       10000      73
    SALE       10000      73
    SALE       10000      73
    SALE       10000      73
    SALE       10000      73
    SALE       10000      73
    SALE       8444       73
    SALE       3401     73.25

 TOTAL SALES  171,845


    (Purchase)    Derivatives transactions (other than options)
 Product name, e.g. CFD  Long/short (Note 6)  Number of securities  Price per unit (Note
                                                    (Note 7)                 5)


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

 Product name,e.g. call option   Writing, selling,    Numbr of securities   Exercise price  Type, e.g. American,  Expiry date      Option
money
                                purchasing, varying   to which the option                      European etc.                   
paid/received per
                                        etc.            relates (Note 7)                                                          unit (Note
5)


    (ii)    Exercising
 Product name, e.g. call option  Number of securities  Exercise price per unit (Note 5) 


    (d)    Other dealings (including new securities) (Note 4)
   Nature of transaction (Note   Details  Price per unit (if applicable) (Note 5)
               8)


    4.    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.

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

    Is a Supplemental Form 8 attached? (Note 9)                NO

 Date of disclosure                                            03 OCTOBER 2008
 Contact name                                                  NIMISHA SACHDEV
 Telephone number                                              020 7567 8289
 If a connected EFM, name of offeree/offeror with which        N/A
 connected
 If a connected EFM, state nature of connection (Note 10)      N/A

    Notes
    The Notes on Form 8.3 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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