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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 statements on Form
S-8 relating to the registration of securities in connection with the employee
benefit plans set forth on Annex A hereto, to sign any and all amendments to
such registration statements, 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 Executive October 23, 2000
------------------ Officer
Marcel Ospel
/s/ Luqman Arnold Chief Financial Officer October 26, 2000
-------------------
Luqman Arnold
/s/ Hugo Schaub Group Controller and Member of Group October 24, 2000
----------------- Managing Board
Hugo Schaub
/s/ Alex Krauer Member of Board of Directors October 26, 2000
-----------------
Alex Krauer
/s/ Alberto Togni Member of Board of Directors October 26, 2000
-------------------
Alberto Togni
/s/ Markus Kundig Member of Board of Directors October 26, 2000
-------------------
Markus Kundig
/s/ Peter Bockli Member of Board of Directors October 24, 2000
------------------
Peter Bockli
</TABLE>
<PAGE> 2
<TABLE>
<S> <C> <C>
/s/ Eric Honegger Member of Board of Directors October 25, 2000
-------------------
Eric Honegger
/s/ Rolf A. Meyer Member of Board of Directors October 25, 2000
-------------------
Rolf A. Meyer
/s/ Hans Peter Ming Member of Board of Directors October 27, 2000
---------------------
Hans Peter Ming
Member of Board of Directors __________, 2000
--------------------
Andreas Reinhart
</TABLE>
<PAGE> 3
ANNEX A
UBS AG / Paine Webber Group Inc. Replacement Stock Plan
Paine Webber Group Inc. Equity Plus Program
PaineWebber 401(k) Plus Plan
PaineWebber Puerto Rico Savings Plus Plan
2000 Key Executive Equity Program
UBS AG Omnibus Stock Plan
UBS AG Equity Incentive Program
Any other employee benefit plan adopted by UBS AG or PaineWebber Inc. prior to
the date of this Power of Attorney.
