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 Certificate linked to the Unum QuadMatic SA
Equity Portfolio.

The JSE Limited has granted UBS AG approval for the listing of UBS Portfolio
Notes (the "Notes") linked to the Unum QuadMatic SA Equity 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

Unum Capital (Pty) Ltd, is a Pretoria based, boutique financial services
provider that has built a team of multi-asset, multi-market, stock market
experts whose aim is to deliver consistent, profitable financial solutions
to the affluent, retail investment community.

Founded over 20 years ago, their philosophy is an ongoing search for non-
traditional, active, skills based alpha centric return.

The portfolio uses a rules-based strategy to score all the shares included
in the JSE Large & Midcap (J206) index, and then uses these scores to
determine an over, under or equal weight apportion investment in that share.

The portfolio is rebalanced monthly, with investments limited to domestic
large and mid-cap JSE listed shares. In making the investment decision, the
algorithm considers a mix of fundamental, price, technical and sentiment
analysis.

The portfolio aims to out-perform its benchmark, the JSE All Share Index,
both on a relative and risk adjusted basis.

Investment universe for both strategies:

UNDERLYING STOCK UNIVERSE:     Shares listed on the Main Board of the
                               Johannesburg Stock Exchange may be
                               incorporated as Stock Constituents in the
                               Reference Portfolio.

UNDERLYING ETF UNIVERSE:       ETFs listed on the Main Board of the
                               Johannesburg Stock Exchange may be
                               incorporated as ETF 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:

This listing (Series 28) is issued under the Information Memorandum of UBS
AG. Trading will commence on Wednesday, 14 June 2023.

INSTRUMENT NUMBER:         109498
ALPHA CODE:                UUQUAD
ISIN:                      ZAE000322509
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

DOMESTIC STATUS:           Note is classified as Domestic 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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