<PAGE> 1
Exhibit 24
POWER OF ATTORNEY
Each of the undersigned hereby constitutes and appoints Luqman Arnold,
Hugo Schaub and Robert Mills, and each of them, each with full power to act
without the other, his true and lawful attorneys-in-fact and agents, with full
power of substitution and resubstitution, for him and in his name, place and
stead, in any and all capacities, to sign the registration statement on Form F-1
relating to the registration of the securities set forth on Annex A hereto by
UBS AG, to sign any and all amendments to such registration statement, to sign
any abbreviated registration statement filed pursuant to Rule 462(b) of the
Securities Act of 1933 and to file the same, with all exhibits thereto and other
documents in connection therewith, with the Securities and Exchange Commission,
granting unto said attorneys-in-fact and agents, full power and authority to do
and perform each and every act and thing requisite and necessary to be done in
and about the premises, as fully for all intents and purposes as he might or
could do in person hereby ratifying and confirming all that said
attorneys-in-fact and agents, or their substitutes, may lawfully do or cause to
be done by virtue hereof.
<TABLE>
<CAPTION>
NAME TITLE DATE
---- ----- ----
<S> <C> <C>
/s/ Marcel Ospel
______________________________________ President and Group Chief October 23, 2000
Marcel Ospel Executive Officer
/s/ Luqman Arnold
______________________________________ October 26, 2000
Luqman Arnold Chief Financial Officer
/s/ Hugo Schaub
______________________________________ Group Controller and Member October 24, 2000
Hugo Schaub of Group Managing Board
/s/ Alex Krauer
______________________________________ October 26, 2000
Alex Krauer Member of Board of Directors
/s/ Alberto Togni
______________________________________ October 26, 2000
Alberto Togni Member of Board of Directors
/s/ Markus Kundig
______________________________________ October 26, 2000
Markus Kundig Member of Board of Directors
/s/ Peter Bockli
______________________________________ October 24, 2000
Peter Bockli Member of Board of Directors
/s/ Rolf A. Meyer
______________________________________ October 25, 2000
Rolf A. Meyer Member of Board of Directors
</TABLE>
<PAGE> 2
<TABLE>
<CAPTION>
NAME TITLE DATE
---- ----- ----
<S> <C> <C>
/s/ Hans Peter Ming
______________________________________ October 27, 2000
Hans Peter Ming Member of Board of Directors
______________________________________ _________ ___, 2000
Andreas Reinhart Member of Board of Directors
/s/ Eric Honegger
______________________________________ October 25, 2000
Eric Honegger Member of Board of Directors
</TABLE>
<PAGE> 3
Annex A
Medium-Term Senior Notes, Series C
Medium-Term Subordinated Notes, Series D
$150,000,000 of 9 1/4% Notes Due 2001
$100,000,000 of 7 7/8% Notes Due 2003
$200,000,000 of 6 1/2% Notes Due 2005
$100,000,000 of 6 3/4% Notes Due 2006
$200,000,000 of 7 5/8% Notes Due 2014
$125,000,000 of 8 7/8% Notes Due 2005
$125,000,000 of 8 1/4% Notes Due 2002
$150,000,000 of 7 5/8% Notes Due 2008
$250,000,000 of 6.55% Notes Due 2008
$340,000,000 of 6.45% Notes Due 2003
$525,000,000 of 6 3/8% Notes Due 2004
$275,000,000 of 7 5/8% Notes Due 2009
$175,000,000 of 7 3/4% Notes Due 2002
8.30% Junior Subordinated Debentures Due 2036
8.08% Junior Subordinated Debentures Due 2037
8.30% Preferred Trust Securities (liquidation amount $25 per security)
8.08% Preferred Trust Securities (liquidation amount $25 per security)
Guarantee Agreement relating to
the trust securities of
PWG Capital Trust I
Guarantee Agreement relating to the
trust securities of PWG
Trust II
