UBS AG LONDON BRANCH - Listing of UBS Actively Managed Certificate linked to the Global Opportunities Portfolio

Listing of UBS Actively Managed Certificate linked to the Global Opportunities 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 Global
Opportunities Portfolio.

The JSE Limited has granted UBS AG approval for the listing of the UBS
Portfolio Note linked to the Global Opportunities 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:

Portfolio Analytics Consulting (Pty) Limited ("Analytics Consulting")
provides industry leading local and offshore portfolio construction through
tailored investment process, local and offshore securities consulting,
research, analysis and due diligence.

More   information   about   Analytics   Consulting   can   be    found at
http://www.analyticsconsulting.co.za. Analytics Consulting is regulated by
the Financial Sector Conduct Authority with license number 18490.

The Global Opportunities Portfolio AMC is designed to achieve substantial
long-term capital growth, with a target return of G7 CPI + 5% over any rolling
10-year period. It aims to achieve this by maintaining a minimum exposure to
growth assets of 85%. These include property, equity, infrastructure, private
market fund managers and commodities through listed ETFs and ETCs.

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 ETF UNIVERSE:       ETFs that are physically replicated,
                               exposed to Developed and Emerging Markets
                               (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 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 47) is issued under the Information Memorandum of UBS
AG. Trading will commence on Friday, 28 February 2025.

INSTRUMENT NUMBER:          120009
ALPHA CODE:                 GLOBOP
ISIN:                       ZAE000343794
ISSUE SIZE (UNITS):         1,000,000
ISSUE PRICE (RAND/UNIT):    100.00

LISTING DATE:               28 February 2025
EXPIRY DATE:                24 February 2032

SECTOR:                     Specialist Securities
SUB-SECTOR:                 Actively Managed Certificates

FOREIGN STATUS:             The 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
27 February 2025

Sponsor: UBS South Africa (Pty) Limited

Date: 27-02-2025 03:00:00
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