UBS AG LONDON BRANCH - Listing of UBS Actively Managed Certificate linked to the Activ8 Growth Portfolio

Listing of UBS Actively Managed Certificate linked to the Activ8 Growth Portfolio

UBS AG, London Branch
("UBS AG" or the "Company")
(Incorporated and domiciled in Switzerland)
(Registration number: CHE-101.329.561)

Listing of UBS Actively Managed Certificate linked to the Activ8 Growth
Portfolio.

JSE Limited has granted UBS AG approval for the listing of the UBS Portfolio
Note linked to the Activ8 Growth Portfolio (the "Reference Portfolio").

The Reference Portfolio, whose composition may vary from time to time, is
actively managed by the Reference Portfolio Advisor and represents a notional
investment in the Reference Portfolio Components as described in detail
below.

Background:

Activ8 Capital Management is a boutique investment and advisory business
that caters to High-Net-Worth individuals (HNWI) and families, utilising a
multi-disciplinary approach to tailor unique investment solutions. More
information about Activ8 Group can be found at https://activ8group.co.za/.
Activ8 Capital Management is regulated by the Financial Services Conduct
Authority with license number 48563.

The primary aim of the Activ8 Growth Portfolio (JSE Code: UA8GRO) is to
invest in companies that look to outperform the portfolio's benchmark over
a rolling 7-year period, with the primary objective of capital growth. The
portfolio will invest in a combination of local and global equity shares,
ETFs and indices with a flexible mandate, and will be actively managed by
allocating capital between asset classes, instruments and regions.

Investment universe:

UNDERLYING STOCK UNIVERSE:     Developed Market (as defined in the most
                               recent MSCI Global Investable Market
                               Indexes Methodology) worldwide stocks; and
                               may also include stocks which are American
                               Depository Receipts (ADRs) and Global
                               Depository Receipts (GDRs). Shares listed
                               on the Main Board of the Johannesburg Stock
                               Exchange may also be incorporated.

UNDERLYING INDEX UNIVERSE:     Total Return Index Constituents include
                               indices that are exposed to Developed
                               Market (as defined in the most recent MSCI
                               Global Investable Market Indexes
                               Methodology) worldwide stocks.

UNDERLYING ETF UNIVERSE:       ETFs that are physically replicated,
                               exposed to Developed Market (as defined in
                               the most recent MSCI Global Investable
                               Market Indexes Methodology) worldwide
                               stocks or benchmark indices as well as ETFs
                               listed on the Main Board of the
                               Johannesburg Stock Exchange may be
                               incorporated as ETF Constituents.

UNDERLYING CURRENCY ACCOUNT:   USD, EUR, and GBP synthetic cash accounts.

Other:

Noteholders should be aware that the Reference Portfolio Advisor is
independent of the Issuer. The performance of the Product is largely
dependent on the skill and decisions made by the Reference Portfolio Advisor.
Decisions made by the Reference Portfolio Advisor may not always be
profitable and therefore may have a material adverse impact on the value of
this Product. Moreover, past performance of other products managed by the
Reference Portfolio Advisor does not guarantee future positive performance
of this Product.

Listing information:

This listing (Series 36) is issued under the Information Memorandum of UBS
AG. Trading will commence on Tuesday, 19 March 2024.

INSTRUMENT NUMBER:          114406
ALPHA CODE:                 UA8GRO
ISIN:                       ZAE000333324
ISSUE SIZE (UNITS):         1,000,000
ISSUE PRICE (RAND/UNIT):    100.00

LISTING DATE:               19 March 2024
EXPIRY DATE:                13 March 2029

SECTOR:                     Specialist Securities
SUB-SECTOR:                 Actively Managed Certificates

FOREIGN STATUS:             The Note is classified as Foreign for purposes
                            of the South African Reserve Bank Exchange
                            Control Regulations.

For further information kindly contact:
UBS KeyInvest South Africa
Tel.: +27 11 322 7129 / 7317
E-mail: keyinvestza@ubs.com
Web: http://keyinvest-za.ubs.com/AMC

Johannesburg
18 March 2024

Sponsor: UBS South Africa (Pty) Limited
Date: 18-03-2024 10:30:00
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