RE: Outstanding Offers as of midday Friday

Pushkar and Ellen Su are not SE Power offers. They are offers for our interest rate books/FX books. They should not fall under Power headcount.

-----Original Message-----
From: Oxley, David
Sent: Friday, February 01, 2002 12:23 PM
To: Lavorato, John; Kitchen, Louise; Whalley, Greg; Shively, Hunter S.; Presto, Kevin M.; Calger, Christopher F.; Belden, Tim; Milnthorp, Rob
Cc: Davies, Neil; Fitzpatrick, Amy; Slone, Jeanie; Curless, Amanda; Cash, Michelle; 'audrey.martin@ubsw.com'; Oquinn, Kari; 'mark.leroux@ubsw.com'
Subject: Outstanding Offers as of midday Friday

Below are the names of those employees shown on the stats as still open:

EMPLOYEE_NAME Desk Job Offer Status
BROWN, KORTNEY Credit Open
BRYSCH, JAMES P Structuring Open
BUSS, JEREMY D Fundamentals Open
COOK, MARY H Legal Open
DORLAND, DAN Canada Support Open
DRAPER, LON Western Canada Gas and Power Trading Open
FOSTER, CHRISTOPHER H West Power Services Open
FRANK, ROBERT J Regulatory Affairs Open
GAWIUK, CARLEE Canada Support Open
GRIFFITH, JOHN H Nymex Desk Trading Open
HRAP, GERRY Eastern Canada Gas and Power Trading Open
LAGRASTA, FRED D Derivatives Marketing Open
LAMBIE, CHRIS D. Western Canada Gas and Power Trading Verbal
LIGUMS, JOHN E Nymex Desk Trading Open
LLODRA, JOHN Northeast Power Origination - Llodra Open
MONTOVANO, STEVEN Regulatory Affairs Open
MUZZY, CHARLES T Gas Logistics Open
NOVOSEL, SARAH G Regulatory Affairs Open
OH, GRANT Eastern Canada Gas and Power Origination Open
PORT, DAVID Market Risk Verbal
REDMOND, BRIAN L Texas Gas Origination Open
SAGER, ELIZABETH A Legal Verbal
SANGWINE, HOWARD A. Western Canada Gas and Power Origination Open
SCHOLTES, DIANA K Northwest Power Trading Open
SHAHI, PUSHKAR Southeast Power Trading Open
SU, ELLEN Southeast Power Trading Open
TERP, BRIAN T Northeast Power Trading Open
TRIPP, GARRETT E Eastern Canada Gas and Power Trading Open
WOOD, GEORGE W Northeast Power Origination - Llodra Open

29

While this explains the 29 open names, when added to the roughly 600 confirmed acceptances, it leaves us roughly 20 short of the approved headcount budget. I will follow up later today with a list of which groups will therefore start next Friday, under their headcount budgets.

Again to confirm, any of the above who do not accept prior to close of business Monday (Houston 5pm) will have their offers either pulled and/or start dates with UBS delayed probably to post February 16th.

David