NEW YORK, March 14, 2002 - STOXX Ltd. today announced that it has licensed UBS AG to use the Dow Jones STOXX 50 and Dow Jones Euro STOXX 50 indexes as the basis for U.S. registered and listed exchange traded funds (ETFs). These blue-chip indexes are the most widely recognized indicators of pan-European equity market performance.

"Europe is recognized as a region that offers U.S. investors portfolio diversification," said Scott Stark, managing director of STOXX, Ltd. "European exchange-traded funds based on the Dow Jones Euro STOXX 50 and the Dow Jones STOXX 50 indexes boast assets of more than 2 billion US dollars which represents a market share of 37%. The Dow Jones Euro STOXX 50 underlies the second most traded derivatives contract in the world. We expect this existing liquidity to aid the success of U.S. products based on the indexes".

"These indexes will be an important and valuable addition to the U.S. ETF marketplace, which ranks among the fastest-growing sectors in U.S. finance," said Joseph LaCorte, a managing director of UBS AG. "U.S.-registered ETFs currently hold assets of 85 billion US dollars".

UBS AG, Europe's leading mutual fund provider, launched its first six ETFs under the FRESCO brand in Europe in November of last year.

The Dow Jones STOXX Indexes were launched in 1998, in advance of the European Monetary Union, the launch of the Euro and the creation of the Eurozone. STOXX Ltd., is a joint venture between Deutsche Börse, Dow Jones, Euronext and SWX Swiss Exchange.