UBS AG LONDON BRANCH - Listing of UBS Actively Managed Certificates

Listing of UBS Actively Managed Certificates

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 Certificates linked to the PrivateClient
Global Brands Portfolio.

The JSE Limited has granted UBS AG approval for the listing of UBS Portfolio
Notes (the "Notes") linked to the PrivateClient Global Brands 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:

Private Client Asset Management (Pty) Ltd are investment managers based in
Cape Town offering their clients a comprehensive range of services and
expertise to manage and grow their wealth, from investments to portfolio
management.

The PrivateClient Global Brands Portfolio seeks to invest in some of the
world’s most successful brands. These companies are typically very high
quality, they possess strong moats, are highly cash generative and generate
persistent excess returns. They employ a proprietary quantitative screening
process together with detailed fundamental equity research to seek out those
opportunities offering attractive risk-adjusted returns. This provides
investors with access to a global 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 may also include stocks which are
                               American Depository Receipts (ADRs) and
                               Global Depository Receipts (GDRs) (except
                               for ADRs and GDRs whose parent company is
                               in, or country of incorporation is, Russia).

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.

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

UNDERLYING CURRENCY ACCOUNT:   USD synthetic.

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:

This listing (Series 29) is issued under the Information Memorandum of UBS
AG. Trading will commence on Wednesday, 14 June 2023.

INSTRUMENT NUMBER:          109708
ALPHA CODE:                 UBRAND
ISIN:                       ZAE000322871
ISSUE SIZE (UNITS):         1,000,000
ISSUE PRICE (RAND/UNIT):    100.00

LISTING DATE:               14 June 2023
EXPIRY DATE:                27 June 2028

SECTOR:                     Specialist Securities
SUB-SECTOR:                 Actively Managed Certificates

FOREIGN STATUS:             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
13 June 2023

Sponsor: UBS South Africa (Pty) Limited

Date: 13-06-2023 03:42:00
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