EMM Disclosure

RNS Number:7638G
UBS AG (EMM)
22 December 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

                                .............22 DECEMBER
2004...................................................................................



Date of dealing

                                ........ 21 DECEMBER
2004.............................................



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



Name of offeree / offeror with whom connected


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






   PRODUCT      BUY/SELL    SHARE REFERENCE    PRICE (GBP)     MATURITY DATE
                                QUANTITY
LONG CFD      WRITING                 720000            0.94         21/09/2005
LONG CFD      WRITING                 280000            0.94         21/09/2005






























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