RNS Number:5029P
UBS AG (EMM)
08 September 2003


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       TIME /@ "dd MMMM yyyy" 08 September 2003
                        ....................................................................................
Contact Name            Brenton Amedee
                        ....................................................................................
Telephone number        020-7568 4981
                        ....................................................................................
Please see attached disclosure of dealings under Rule 38.5 in the securities of the following companies:
Aberdeen Asset Management - Contract For Difference

Torex Plc - Contract For Difference

Isoft Group - Contract For Difference

Taylor Woodrow Plc - Contract For Difference


                                  _______________________________________
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.












            CONNECTED EXEMPT MARKET-MAKERS/EXEMPT PRINCIPAL TRADERS:

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



Dealing in Contract for Differences ("CFD") referenced to...Taylor Woodrow Plc,
Ord 0.25



Date of Disclosure:
TIME /@ "dd MMMM yyyy" 08 September 2003



Date of Dealing
   05 Sep 2003



Name of EMM/EPT...                                                         UBS
AG



Name of offeree / offeror with whom connected  Taylor Woodrow Plc



Product Type.........(long/short) CFD                            Long



Maturity Date
    05 Jun 2004



Writing of CFD



Number of securities to which the CFD is referenced  37,897



CFD reference price: (High) 2.465  GBP............................(Low) 2.465
GBP...........................



Closing out of CFD



Number of securities to which the CFD is referenced             0



CFD reference price: (High)  0 GBP                                       (Low)
0 GBP





Further disclosure should be made where necessary so that the nature of the
dealings can be fully understood.

































            CONNECTED EXEMPT MARKET-MAKERS/EXEMPT PRINCIPAL TRADERS:

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



Dealing in Contract for Differences ("CFD") referenced to...Taylor Woodrow Plc,
Ord 0.25



Date of Disclosure:
TIME /@ "dd MMMM yyyy" 08 September 2003



Date of Dealing
   05 Sep 2003



Name of EMM/EPT...                                                         UBS
AG



Name of offeree / offeror with whom connected  Taylor Woodrow Plc



Product Type.........(long/short) CFD                            Short



Maturity Date
    05 Jun 2004



Writing of CFD



Number of securities to which the CFD is referenced  57,420



CFD reference price: (High) 2.465  GBP............................(Low) 2.465
GBP...........................



Closing out of CFD



Number of securities to which the CFD is referenced             0



CFD reference price: (High)  0 GBP                                       (Low)
0 GBP





Further disclosure should be made where necessary so that the nature of the
dealings can be fully understood.




















            CONNECTED EXEMPT MARKET-MAKERS/EXEMPT PRINCIPAL TRADERS:

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



Dealing in Contract for Differences ("CFD") referenced to... iSoft Plc, Ord 0.10



Date of Disclosure:
TIME /@ "dd MMMM yyyy" 08 September 2003



Date of Dealing
   05 Sep 2003



Name of EMM/EPT...                                                         UBS
AG



Name of offeree / offeror with whom connected                Torex



Product Type.........(long/short) CFD                            Short



Maturity Date
    5 June 2004



Writing of CFD



Number of securities to which the CFD is referenced  54,770



CFD reference price: (High) 3.674  GBP............................(Low) 3.674
GBP...........................



Closing out of CFD



Number of securities to which the CFD is referenced             0



CFD reference price: (High)  0 GBP                                       (Low)
0 GBP





Further disclosure should be made where necessary so that the nature of the
dealings can be fully understood.






            CONNECTED EXEMPT MARKET-MAKERS/EXEMPT PRINCIPAL TRADERS:

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



Dealing in Contract for Differences ("CFD") referenced to... Torex Plc, Ord 0.10



Date of Disclosure:
TIME /@ "dd MMMM yyyy" 08 September 2003



Date of Dealing
   5 Sep 2003



Name of EMM/EPT...                                                         UBS
AG



Name of offeree / offeror with whom connected                Torex



Product Type.........(long/short) CFD                            Long



Maturity Date
    5 June 2004



Writing of CFD



Number of securities to which the CFD is referenced  32,217



CFD reference price: (High) 6.119  GBP............................(Low) 6.119
GBP...........................



Closing out of CFD



Number of securities to which the CFD is referenced             0



CFD reference price: (High)  0 GBP                                       (Low)
0 GBP





Further disclosure should be made where necessary so that the nature of the
dealings can be fully understood.



































            CONNECTED EXEMPT MARKET-MAKERS/EXEMPT PRINCIPAL TRADERS:

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



Dealing in Contract for Differences ("CFD") referenced to... Aberdeen Asset
Management, Ord 0.10



Date of Disclosure:
TIME /@ "dd MMMM yyyy" 08 September 2003



Date of Dealing
   5 Sep 2003



Name of EMM/EPT...                                                         UBS
AG



Name of offeree / offeror with whom connected                Aberdeen Asset
Management



Product Type.........(long/short) CFD                            Long



Maturity Date
    5 June 2004



Writing of CFD



Number of securities to which the CFD is referenced  140,000



CFD reference price: (High) 0.62  GBP............................(Low) 0.62 GBP
...........................



Closing out of CFD



Number of securities to which the CFD is referenced             0



CFD reference price: (High)  0 GBP                                       (Low)
0 GBP





Further disclosure should be made where necessary so that the nature of the
dealings can be fully understood.
































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