SVC Salvesen (C)

RNS Number:2209G
UBS AG (EPT)
23 October 2007

This announcement replaces the previous RNS amendment reference 7314E released
at 11:35 on 28th September 2007. Amendment made to the sold figure in 2 (a) due
to a late trade.  All other information remains unchanged.







                                                                    FORM 38.5(a)



                 DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS

                      WITH RECOGNISED INTERMEDIARY STATUS

                      DEALING IN A CLIENT-SERVING CAPACITY

                      (Rule 38.5(a) of the Takeover Code)



1.         KEY INFORMATION


Name of exempt principal trader                UBS AG London Branch

Company dealt in                               Christian Salvesen Plc

Class of relevant security to which the        28.125p ORD
dealings being disclosed relate (Note 1)

Date of dealing                                27 SEPTEMBER 2007





2.         DEALINGS (Note 2)



(a)        Purchases and sales


Total number of securities    Highest price paid         Lowest price paid
purchased                     (Note 3)                   (Note 3)


              -                           -                        -




Total number of securities   Highest price received    Lowest price received
sold                         (Note 3)                  (Note 3)


         1,088,105                 0.653104 GBP             0.653104 GBP



(b)        Derivatives transactions (other than options)


Product  name,    Long/short        Number of securities  Price per unit
e.g. CFD          (Note 4)          (Note 5)              (Note 3)











(c)        Options transactions in respect of existing securities

(i)         Writing, selling, purchasing or varying


Product   Writing,     Number of     Exercise  Type, e.g.    Expiry  Option
name,e.g  selling,     securities to price     American,     date    moneypaid/
call      purchasing,  which the               European etc.         received
option    varying etc  option                                        per unit
                       relates (Note                                 (Note 3)
                       5)









(ii)        Exercising


Product name, e.g.   Number of securities            Exercise price per unit
call option                                          (Note 3)












3.         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.



..............................................................................



..............................................................................






Date of disclosure                          28 SEPTEMBER 2007
Contact name                                020 7567 8762
Telephone number                            LOUISE ROBINSON
Name of offeree/offeror with which          Christian Salvesen Plc
connected
Nature of connection (Note 6)               CONNECTED ADVISER





Notes



The Notes on Form 38.5(a) can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk


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

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