UBS AG LONDON BRANCH - Listing of UBS Actively Managed Certificates linked to the Grovepoint Inv Mgmt LLP Liquid Private Credit Portfolio

Listing of UBS Actively Managed Certificates linked to the Grovepoint Inv Mgmt LLP Liquid Private Credit 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 Certificates linked to the Grovepoint
Investment Management LLP Liquid Private Credit Portfolio.

The JSE Limited has granted UBS AG approval for the listing of UBS Portfolio
Notes linked to the GIM Liquid Private Credit 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:

Grovepoint Investment Management LLP (“GIM”) is a specialist investment firm
focused on private markets. More information about GIM can be found at
https://www.gimllp.com/. GIM is regulated by the UK Financial Conduct
Authority (License No. 784697).

The GIM Liquid Private Credit Portfolio aims to generate returns in excess
of U.S. large corporate loans, public bond markets and money market funds;
specifically, the strategy aims to produce returns in excess of 3-month USD
LIBOR + 6% over an investment cycle. GIM invests in listed securities issued
by specialist credit vehicles and managed by leading private credit managers.
Underlying loans are typically floating rate, senior secured obligations of
mid-market U.S. corporates. Income is reinvested.

GIM seeks to mitigate downside by concentrating on vehicles of scale, managed
by experienced teams with strong direct origination capabilities,
underwriting expertise, structuring skills, and track records through
economic cycles.

Investment universe:

UNDERLYING STOCK UNIVERSE:     Developed Market (as defined in the most
                               recent MSCI Global Investable Market
                               Indexes Methodology) worldwide stocks.

UNDERLYING INDEX UNIVERSE:     Indices that are exposed to Developed
                               Market (as defined in the most recent MSCI
                               Global Investable Market Indexes
                               Methodology) worldwide stocks.

UNDERLYING ETF UNIVERSE:       iShares Short Treasury Bond ETF
                               (Bloomberg ticker: SHV US Equity)
                               iShares 0-3 Month Treasury Bond ETF
                               (Bloomberg ticker: SGOV US Equity)

UNDERLYING FX CONSTITUENTS:    FX Forwards exposed to G10 currencies and
                               ZAR.

UNDERLYING CURRENCY ACCOUNT:   USD Synthetic.


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 16) is issued under the Information Memorandum of UBS
AG for the Issuance of Notes up to an authorised amount of ZAR 14,000,000,000.
Trading will commence on Monday, 31 October 2022.

INSTRUMENT NUMBER:          105305
ALPHA CODE:                 GIMLPC
ISIN:                       ZAE000315610
ISSUE SIZE (UNITS):         2,000,000
ISSUE PRICE (RAND/UNIT):    100.00

LISTING DATE:               31 October 2022
EXPIRY DATE:                26 October 2027

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
28 October 2022

Sponsor: UBS South Africa (Pty) Limited

Date: 28-10-2022 02:45:00
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