UBS grants options to directors



    TORONTO, March 26 /CNW/ - Unique Broadband Systems, Inc. (TSX Venture:
UBS) announced today that 600,000 options to purchase common shares of the
Company were granted to directors of the Company at an exercise price of $0.40
per share.
    All options will be exercisable in respect of one half on the day of the
grant, one quarter six months after the date of grant and the remainder
eighteen months after the date of grant. The options expire five years after
the date of grant.

    About Unique Broadband Systems, Inc.
    ------------------------------------

    UBS is a publicly listed Canadian company that has a 51.5% fully diluted
economic interest in Look Communications Inc. and other assets. With its
licensed spectrum through its subsidiary, Look, UBS is a Canadian digital
television broadcaster and broadband wireless service provider. The Company's
web site may be found at www.uniquebroadband.com.

    The corporate information contained in this release contains
forward-looking statements regarding future events and the future performance
of the Company that involves risks and uncertainties that could cause actual
results to differ materially. Assumptions used in the preparation of such
information, although considered reasonable by the Company at the time of
preparation, may prove to be incorrect. The actual results achieved will vary
from the information provided herein and the variations may be material.
Consequently, there is no representation by UBS and Look that actual results
achieved will be the same in whole or in part as those forecasted.

    No stock exchange or regulatory authority has reviewed or accepts
    responsibility for the adequacy or accuracy of this release.

    %SEDAR: 00010550E




For further information:

For further information: Peter Block, Investor and media relations,
(403) 531-0331, (416) 586-0180, E-mail: irinfo@uniquebroadband.com

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Unique Broadband Systems, Inc.

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