OTHER NEWS - May 3, 1995

Warburg Mulls Link With Swiss Bank Corp.: S.G. Warburg Group said it is considering a partial link-up with the banking concern, capping a day of takeover speculation. Swiss Bank Corp., one of the top three banks in Switzerland, had approached Warburg to discuss merging their investment banking businesses, Warburg said in a statement. Earlier, speculation that U.S. brokerage giant Smith Barney Inc. might bid on all or part of Warburg had pushed the company’s stock up 5.9% to $13.14 per share on the London Stock Exchange. Warburg has been the subject of takeover speculation for months, though no firm bidders have emerged since a proposed merger with the big Wall Street investment bank Morgan Stanley Group collapsed in December.