Sharenet Sites 
Sharenet Sites
Results of the vote on the Resolution to amend the Terms of the Notes linked to Absa re Efficient Portfolio
UBS AG, London Branch
("UBS AG" or the "Company")
(Incorporated and domiciled in Switzerland)
(Registration number: CHE-101.329.561)
Results of the vote on Resolution regarding the amendments to the Terms
of UBS Portfolio Notes ("Notes”) linked to the actively managed Reference
Portfolio issued on 26 February 2018
Alpha Code: UEFPCA
ISIN: ZAE000255477
Reference Portfolio Absa re Efficient Portfolio 1 Portfolio
Further to its announcement of 14 March 2023, UBS AG hereby informs that
the amendments to the Terms of the Notes were approved by the 75% majority
of the Noteholders voting in favour of the Resolution described below.
Background of the Extraordinary Resolution:
Noteholders of the above mentioned Notes issued on 26 February 2018
("Noteholders") are referred to the announcement dated 14 March 2023 where
Noteholders were requested to vote in favour of the extension of the
Expiration Date of the Notes. Noteholders were requested to consider and,
if deemed appropriate, to approve the following resolution in order to
effect the Amendments ("Resolution"):
"Extraordinary Resolution:
It is hereby resolved that paragraph 9 of the amended and restated terms
dated 7 May 2021 be amended, with retrospective effect from 9 February
2023, as follows:
"(i) Maturity Date: The third Business Day immediately
following the Expiration Date (as
such date may be adjusted in
accordance with the Additional
Provisions in paragraph 46
(Additional Provisions) below).
(ii) Expiration Date: Subject to the Notes not having
already been redeemed early and/or
cancelled in accordance with the
Conditions, and to the Additional
Provisions in paragraph 46
(Additional Provisions) below, 10
February 2023 (subject to Market
Disruption Events provisions,
Early Termination, Automatic Early
Termination, Stop Loss Event
provisions and Unwind Disruption
provisions), subject to extension
at the option of the Issuer on two
separate occasions, on each such
occasion for an additional 5 years
period (from the initial scheduled
Expiration Date stated above or
from the extended Expiration Date
when relevant, each such date the
"Original Expiration Date"), with
a notice period of 90 calendar
days prior to the relevant
Original Expiration Date.
With respect to an extension of
the term in accordance with the
above paragraph, the Noteholder
may, in respect of 100% of the
Notes it owns, elect to redeem
such Notes on the Redemption Date
following the relevant Original
Expiration Date (and the relevant
Notes shall be redeemed on such
date at the Optional Redemption
Amount) (such option for the
Investor, the "Expiration
Extension Termination Option") by
providing notice to the Issuer
between the Last Date to Trade and
the relevant Original Expiration
Date. Provided in each case, that
if the initial scheduled or
relevant extended Expiration Date
is not a Constituents Business
Day, then the first following day
that is a Constituents Business
Day shall apply.""
As a result of the adoption of the Extraordinary Resolution the following
amendments are also effective with respect to the Notes:
Product Long Name: UBS EFPCA 15Feb28
Expiration Date: 15 February 2028
For further information regarding the contents of this announcement, please
contact:
UBS KeyInvest South Africa
Tel.: +27 11 322 7129 / 7317
E-mail: keyinvestza@ubs.com
Web: http://keyinvest-za.ubs.com/AMC
Johannesburg
09 May 2023
Sponsor: UBS South Africa (Pty) Ltd
Date: 09-05-2023 03:45:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
