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Shareholder Information

United Bancorp, Inc.'s common stock trades on The Nasdaq SmallCap Market tier of The Nasdaq Stock Market under the symbol UBCP, CUSIP #90991109. At year-end 1997, there were 2,238,314 shares outstanding, held among approximately 800 shareholders of record. The following table sets forth the quarterly high and low closing prices of UBCPís common stock from January 1, 1997 to December 31, 1997 compared to the same periods in 1996 as reported by the NASDAQ. The price quotes have been adjusted for comparison purposes for the 10% stock dividend distributed on September 19, 1997. The price quotations presented should not necessarily be relied on in determining the value of the shareholdersí investment.
Investor Relations:

A copy of the Company's annual Report on form 10-K as filed with the SEC, will be furnished free of charge upon written request to:

Randall M. Greenwood, CFO
United Bancorp, Inc.
201 South 4th Street, PO Box 10
Martins Ferry, OH 43935 

Annual Meeting:

The Annual Meeting of Shareholders will be held at 2:00 PM, April 15, 1998 at the Corporate Headquarters in Martins Ferry, Ohio.

Independent Auditors:

Crowe, Chizek and Company LLP
Certified Public Accountants
10 West Broad Street
Columbus, OH 43215
(614) 469-0001 

Stock Trading:

McDonald and Company
PO Box 20897
Canton, OH 44701-0897
1-800-962-0537

The Ohio Company
155 East Broad Street
Columbus, OH 43215
1-800-255-1825 

Dividend Reinvestment and
Stock Purchase Plan:

A dividend reinvestment and stock purchase plan is available to shareholders of United Bancorp, Inc. The plan provides an opportunity to invest cash dividends and optional cash payments in United Bancorp, Inc. stock. For additional details write to:

American Stock Transfer and Trust Company
Attn: Dividend Reinvestment
40 Wall Street, 46th Floor
New York, NY 10005
1-800-278-4353 

Headquarters:

The Citizens Savings Bank Building
4th at Hickory Streets
Martins Ferry, OH 43935
(740) 633-BANK
(740) 633-1448 (FAX) 

Advest, Inc.
340 S. Hollywood Plaza
Steubenville, OH 43952
1-800-761-8008

Transfer Agent and Registrar:

American Stock Transfer
nd Trust Company
40 Wall Street, 46th Floor
New York, NY 10005
1-800-937-5449 


 
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