UBS AG LONDON BRANCH - Listing of UBS Actively Managed Certificates linked to the SAAM Global Growth and SAAM Local Growth Portfolio

Listing of UBS Actively Managed Certificates linked to the SAAM Global Growth and SAAM Local Growth Portfolio

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

Listings of UBS Actively Managed Certificates linked to the SAAM Global
Growth Portfolio and the SAAM Local Growth Portfolio.

The JSE Limited has granted UBS AG approval for the listings of UBS Portfolio
Notes (the "Notes") linked to the SAAM Global Growth Portfolio and linked to
the SAAM Local Growth Portfolio (the "Reference Portfolios").

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

Background:

Johannesburg Security and Portfolio Management Company (Pty) Ltd trading as
SA Asset Management is a leading Pretoria based asset management company
that focuses on the active management of client assets in a range of local
and global funds and strategies. More information about SA Asset Management
can be found at https://www.saassetmanagement.co.za/. SA Asset Management is
regulated by the Financial Services Conduct Authority with license number
589.

The respective strategies of the Notes aim to deliver real returns to
investors by investing in focused portfolios of high conviction quality
growth stocks. This gives investors access to both a global and local
portfolio listed on the JSE.

Investment universe for both strategies:

UNDERLYING STOCK UNIVERSE:     Developed Market (as defined in the most
                               recent MSCI Global Investable Market Indexes
                               Methodology) worldwide stocks and shares
                               listed on the Main Board of the Johannesburg
                               Stock Exchange.

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 FX CONSTITUENTS:    Only FX Forwards exposed to G10 currencies
                               and   ZAR  may   be   incorporated   as  FX
                               Constituents in the Reference Portfolio.



Other:
Noteholders should be aware that the Reference Portfolio Advisor is
independent of the Issuer. The performance of the Notes 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 these Notes.
Moreover, past performance of other products managed by the Reference
Portfolio Advisor does not guarantee future positive performance of these
Notes.

Listing information:

These listings (Series 22 and Series 23) are issued under the Information
Memorandum of UBS AG. Trading will commence on Wednesday, 05 April 2023.

INSTRUMENT NUMBER:          108068
ALPHA CODE:                 SAAGG
ISIN:                       ZAE000320842
ISSUE SIZE (UNITS):         1,000,000
ISSUE PRICE (RAND/UNIT):    100.00


INSTRUMENT NUMBER:          108070
ALPHA CODE:                 SAALG
ISIN:                       ZAE000320859
ISSUE SIZE (UNITS):         1,000,000
ISSUE PRICE (RAND/UNIT):    100.00

LISTING DATE:               05 April 2023
EXPIRY DATE:                04 April 2028

SECTOR:                     Specialist Securities
SUB-SECTOR:                 Actively Managed Certificates

FOREIGN STATUS:             Both Notes are 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
04 April 2023

Sponsor: UBS South Africa (Pty) Limited

Date: 04-04-2023 01:06:00
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