EMM Disclosure

RNS Number:3884F
UBS AG (EMM)
18 November 2004

                                                                 FORM 38.5 (CFD)



                        CONNECTED EXEMPT MARKET-MAKERS:

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







Dealing in Contract for Difference

 ("CFD") referenced to ..................BIG FOOD GROUP PLC
............................................



Date of disclosure

                                .............18 NOVEMBER
2004...................................................................................



Date of dealing

                                ........ 17 NOVEMBER
2004.............................................



Name of EMM            UBS AG
.........................................................................................................



Name of offeree / offeror with whom connected


     ........BIG FOOD GROUP................


PRODUCT              WRITING / CLOSING    PRICE (GBP)          MATURITY             SHARE REFERENCE
                                                                                    QUANTITY
LONG CFD                   WRITING               0.9114             17/08/2005             296,000
LONG CFD                   WRITING               0.9114             17/08/2005             104,000





                                                        *Currency must be stated














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