UBS AG - Listing of UBS Autocallable Note linked to the LUXS1E and the EU30MPE Index

Listing of UBS Autocallable Note linked to the LUXS1E and the EU30MPE Index

UBS AG, London Branch
("UBS AG" or the "Company")
(Incorporated and domiciled in Switzerland)
(Registration number: CHE-101.329.561)

Listing of UBS Autocallable Note linked to the LUXS1E and the EU30MPE Index
(the "Notes") – Series 13.

The JSE Limited has granted UBS approval for the listing of the Autocallable
Note linked to the Bloomberg Luxury Series 1 Decrement 5% Index EUR and the
Bloomberg Europe DM Top 30 Basic Resources Decrement 5% Index EUR due 2030.

An autocallable is a structured product which pays investors return payments,
subject to an underlying reference asset(s) being at or above a specified
level. The product has a fixed maximum tenor; however, the tenor may be
shorter if the product is called. The product has set observation dates on
which the return payments are made, and the product can be called early.

The Notes are a notional rand denominated structured product referencing
global indices. This product offers a return if on any Observation Date all
Underlyings close at or above the Contingent Coupon Level. In this case, the
investor will receive a fixed payment for every observation period that has
passed since inception. The product also allows for early redemption before
expiry, with the investor receiving back their invested capital on top of
the relevant return for the relevant period if all Underlyings close at or
above a specific Mandatory Early Termination Level on any Early Termination
Observation Date.

If no Early Termination Event occurs, the investor will receive 100% of the
Nominal on the Redemption Date.

This listing is issued under the Information Memorandum of UBS AG. Trading
will commence on Thursday, 10 April 2025.

INSTRUMENT NUMBER:      120961
ALPHA CODE:             FNBOD1
ISIN:                   ZAE000346664
ISSUE SIZE (UNITS):     34,500 (unit quotation)
ISSUE PRICE (RAND):     1,000 per Note

UNDERLYING INDICES:     Bloomberg Luxury Series 1 Decrement 5% Index EUR
                        (Bloomberg: LUXS1E Index) ("Index 1")

                        Bloomberg Europe DM Top 30 Basic Resources
                        Decrement 5% Index EUR
                        (Bloomberg: EU30MPE Index) ("Index 2")

LISTING DATE:           10 April 2025
EXPIRY DATE:            27 March 2030

Underlyings and Levels (on Pricing Date):
 Index           Initial              Contingent            Mandatory Early
                   Level            Coupon Level          Termination Level
           Index Closing       100% of the Index          100% of the Index
                   Level           Closing Level              Closing Level
 LUXS1E         2,503.14                2,503.14                   2,503.14
 EU30MPE        1,201.98                1,201.98                   1,201.98

Observation Date(s):
n    Date
1    27 March 2026
2    30 March 2027
3    27 March 2028
4    27 March 2029
5    27 March 2030

Early Termination Observation Date(s):

n    Date
1    27 March 2026
2    30 March 2027
3    27 March 2028
4    27 March 2029

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/products

Johannesburg
09 April 2025

Sponsor: UBS South Africa (Pty) Limited

Date: 09-04-2025 03:40:00
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