UBS AG LONDON BRANCH - Listing of UBS Actively Managed Certificates linked to the Reitway Active Global Property Note

Listing of UBS Actively Managed Certificates linked to the Reitway Active Global Property Note

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 Reitway Active
Global Property Note.

The JSE Limited has granted UBS AG approval for the listing of UBS Portfolio
Notes linked to the Reitway Active Global Property Note (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:

Reitway Global (Pty) Ltd (“Reitway”) is an investment fund manager focused
on a single asset class, global listed property where they develop high-
conviction views that generate wealth-enhancing returns over the medium and
longer   term.   More  information   about   Reitway   can  be   found   at
https://www.reitwayglobal.com. Reitway is regulated by the Financial
Services Conduct Authority with license number 43747.

The strategy is to exploit the opportunities presented by the growing choice
of investable REITs in the Global Property universe. Stock selection is
combined with sound portfolio management techniques in order to construct a
portfolio with the highest probability of delivering a superior risk adjusted
performance for investors.


Investment universe:

UNDERLYING STOCK UNIVERSE:     Stocks that form part of the following
                               indices: MSCI ACWI Index (Bloomberg ticker:
                               MXWD Index), Global Property Research 250
                               REIT Index (Bloomberg ticker: REITGLOB
                               Index), FTSE EPRA / NAREIT Developed Rental
                               Index Net Total Return (Bloomberg ticker:
                               RNGR Index)

                               Developed Market (as defined in the most
                               recent MSCI Global Investable Market
                               Indexes Methodology) worldwide stocks; and
                               shares listed on the Main Board of the
                               Johannesburg Stock Exchange.

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 as well as ETFs listed on the Main
                               Board of the Johannesburg Stock Exchange
                               Constituents.


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 20) 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 Tuesday, 29 November 2022.

INSTRUMENT NUMBER:         105776
ALPHA CODE:                REITAN
ISIN:                      ZAE000316485
ISSUE SIZE (UNITS):        1,000,000
ISSUE PRICE (RAND/UNIT):   100.00

LISTING DATE:              29 November 2022
EXPIRY DATE:               30 November 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 November 2022

Sponsor: UBS South Africa (Pty) Limited

Date: 28-11-2022 04:00:00
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