UGS to Host Live Global Conference Call to Discuss Recent Fiat Auto Agreement

    CYPRESS, Calif., May 16 WHAT:   Members of the press, as well as industry and financial analysts
            are encouraged to participate in a live global conference call
            hosted by UGS to provide additional information and
            answer questions on the Fiat Auto agreement.

    DATE:   Thursday, May 17, 2001

    TIME:   1:30 P.M. Eastern Time

    WHO:    Tony Affuso, UGS president and CEO, and Jim Duncan, UGS vice
            president of Europe, will discuss the agreement followed by a
            question and answer session.

    TOLL-FREE PHONE NUMBER:      1-888-469-0786

    INTERNATIONAL PHONE NUMBER:  1-630-395-0413

    PASSCODE:  AFFUSO

    ADDITIONAL INFORMATION: For those unable to participate, a recording of
the call will be available through May 25, 2001 by dialing, toll-free
1-888-566-0097, or internationally 402-998-1667.

    BACKGROUND INFORMATION: Fiat Auto, a company of Group Fiat and one of the
European leaders in the automotive industry, has signed a five-year agreement
with UGS, a leading supplier of software and services for collaborative
product development.
    The agreement includes 500 licenses of Unigraphics, UGS' integrated
CAD/CAM/CAE application, 600 licenses of software from UGS' EAI division and
1,500 licenses of i-Man, UGS' Internet-centric product lifecycle management
system.
    For further details on the agreement, please read the complete
announcement at: http://www.ugs.com/news/2001/ugs_fiat.shtml .

    CONTACT:  Jim Phelan of UGS, 314-344-5290, jim.phelan@ugs.com .

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