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

Listing of UBS Actively Managed Certificate linked to the Adviceworx SA 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 Adviceworx SA
Opportunities Portfolio

The JSE Limited has granted UBS AG approval for the listing of UBS Portfolio
Notes linked to the Adviceworx SA 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:

Adviceworx (Pty) Ltd is an Advisory and Asset Management firm, with extensive
and successful track record in wealth and investment management, financial
advice and designing financial planning solutions. Adviceworx (Pty) Ltd is
a Private Company registered in South Africa under registration number:
2013/017196/07 and is regulated as a Financial Services Provider with the
Financial Sector Conduct Authority (FSCA No. 44914) and holds a Cat II
licence.

The investment strategy seeks to invest in a select group of quality South
African and international companies with the potential to generate earnings
and profit growth above the market. The investment strategy employs a
Quality-Growth at a reasonable price philosophy which means investing in
companies with consistent, above average earnings growth, reasonable
valuation and strong financial strength. The strategy may hold very
concentrated positions from time to time.

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 Market (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.

UNDERLYING CURRENCY ACCOUNT    USD, EUR, and GBP synthetic cash.

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 48) is issued under the Information Memorandum of UBS
AG. Trading will commence on Friday, 28 February 2025.

INSTRUMENT NUMBER:          119099
ALPHA CODE:                 ADXOPP
ISIN:                       ZAE000342275
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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