RNS Number : 1738L
  UBS AG (EPT)
  06 January 2009
   

                                                                                                                                            
                                                                                                                                            
                                                                                                FORM 38.5(b)

                                                                            DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS WITHOUT
RECOGNISED INTERMEDIARY STATUS, OR WITH RI STATUS BUT NOT DEALING IN A CLIENT-SERVING CAPACITY (Rule 38.5(b) of the Takeover Code)


 1. KEY INFORMATION


 Name of exempt principal trader                                                                                                            
                                             UBS AG London Branch
 Company dealt in                                                                                                                           
                                             BRITISH ENERGY GROUP
 Class of relevant security to which the dealings being disclosed relate (Note 1)                                                           
                                             10P ORDINARY
 Date of dealing                                                                                                                            
                                             05 JANUARY 2009

 2. INTERESTS SHORT POSITIONS AND RIGHTS TO SUBSCRIBE


 (a) Interests and short positions (following dealing) in the class of relevant security dealt in                                           
                                                                                                                                            
                                                                                                 (Note 2)   (Note 2)


                                                                                                                                            
                                                                                                               Long                         
                        Short
                                                                                                                                            
                                             Number                                                                  (%)  Number  (%)
 (1) Relevant securities                                                                                                                    
                                             264000                                                                  0.03 %  00  0 %
 (2) Derivatives (other than options)
 (3) Options and agreements to purchase/sell
 Total                                                                                                                                      
                                             264000                                                                  0.03 %  00  0 %

 (b) Interests and short positions in relevant securities of the company, other than the class dealt in  
   (Note 2)

    

 Class of relevant security:                                                                                                                
                                                                                                   Long                                     
                  Short
                                                                                                                                            
                                             Number (%)                                                                                     
                  (%)
 (1) Relevant securities
 (2) Derivatives (other than options)
 (3) Options and agreements to purchase/sell
 Total

 (c) Rights to subscribe                                                                                                          (Note 2)


 Class of relevant security:                                                                                                                
                                             Details


 3. DEALINGS                                                              (Note 3)


 (a) Purchases and sales


                                                                Purchase/sale                                                               
                                                                  Number of securities                                                      
            Price per unit  (Note 4)
                                                                     SALE                                                                   
                                                                          43911                                                             
            770  PENCE
                                                                   PURCHASE                                                                 
                                                                           900                                                              
            771.5  PENCE
                                                                     SALE                                                                   
                                                                          2261                                                              
            771.5  PENCE
                                                                   PURCHASE                                                                 
                                                                          5227                                                              
            772  PENCE
                                                                     SALE                                                                   
                                                                          8457                                                              
            772  PENCE
                                                                     SALE                                                                   
                                                                          3460                                                              
            772.5  PENCE
                                                                   PURCHASE                                                                 
                                                                          4300                                                              
            772.5  PENCE
                                                                   PURCHASE                                                                 
                                                                          22317                                                             
            772.5
                                                                     SALE                                                                   
                                                                          2050                                                              
            773  PENCE
                                                                     SALE                                                                   
                                                                          6515                                                              
            773
                                                                   PURCHASE                                                                 
                                                                          11194                                                             
            773  PENCE
                                                                   PURCHASE                                                                 
                                                                          11561                                                             
            773
                                                                   PURCHASE                                                                 
                                                                          11155                                                             
            773.5  PENCE
                                                                                                                              Total
Purchases  66654
                                                                                                                                  Total
Sales  66654

 (b) Derivative transactions (other than options)


 Product name, e.g. CFD                                                                                     Long/short                      
                        (Note 5)                                 Number of securities                                                       
       (Note 6)  Price per unit  (Note 4)


 (c) Options transactions in respect of existing securities


 (i) Writing, selling, purchasing or varying 


 Type, e.g. American,European etc.                           Writing, selling, purchasing, varying etc              Number of securities to
which the option relates (Note 6)                          Exercise price                                                                  
Type, e.g. American,European etc.  Expiry date  Option money paid/received per unit (Note 4)
                                                                                                                                            
                               

 (ii) Exercising


 Product name, e.g. call option                                                                                                             
  Number of securities                                                                                                                      
             Exercise price per unit  (Note 4)


 (d) Other dealings (including new securities)                                                                                              
                                                                                       (Note 3)


 Natute of transaction                                      (Note 7)                                                      Details           
                                                                                 Price per unit (if applicable)   (Note 4)


 4. OTHER INFORMATION


 Agreements, arrangements or understandings relating to options or derivatives


 Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting
rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or
disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated.  


 Is a Supplemental Form 38.5(b) attached?                                                                                                   
                                                                                                   (Note 8)      YES/NO


 Date of disclosure                                                                                                                         
                                                                                             06 January 2009
 Contact name                                                                                                                               
                                                                                             Nimisha Sachdev
 Telephone number                                                                                                                           
                                                                                             +44 (0)20 7568 9289
 Name of offeree/offeror with which associated                                                                                              
                                                                                             BRITISH ENERGY
 Nature of connection (Note 9)                                                                                                              
                                                                                             CONNECTED ADVISER

 Notes


This information is provided by RNS
The company news service from the London Stock Exchange
 
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