UBS AG - Description change for UBS One Star Autocallable Note (the "Notes") due 11 February 2030 Series 11

Description change for UBS One Star Autocallable Note (the "Notes") due 11 February 2030 – Series 11

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

ISIN:             ZAE000343141
Alpha code:       UBGPAH

Description change for UBS One Star Autocallable Note (the "Notes") due 11
February 2030 – Series 11.

Noteholders are hereby referred to the SENS finalisation announcement
released by the Company on 20 May 2025, advising shareholders of the name
change of Anglo American Platinum Limited to Valterra Platinum Limited.

The following description name change will be made to one of the underlying
securities:

Old   name:                           Anglo American Platinum Limited
New   name:                           Valterra Platinum Limited
Old   JSE short code:                 AMS
New   JSE short code:                 VAL

Salient details captured in the table below.

INSTRUMENT NUMBER:          119637
ALPHA CODE:                 UBGPAH
ISIN:                       ZAE000343141

UNDERLYING STOCKS:          Sibanye Stillwater Limited
                            (Bloomberg: SSW SJ Equity) ("Share 1")

OLD NAME:                   Anglo American Platinum Limited
OLD JSE SHORT CODE:         (Bloomberg: AMS SJ Equity) ("Share 2")

NEW NAME:                   Valterra Platinum Limited
NEW JSE SHORT CODE:         (Bloomberg: VAL SJ Equity) ("Share 2")

                            Impala Platinum Holdings Limited
                            (Bloomberg: IMP SJ Equity) ("Share 3")

                            Northam Platinnum Holdings Limited
                            (Bloomberg: NPH SJ Equity) ("Share 4")

EFFECTIVE DATE FOR NAME     02 June 2025
CHANGE & JSE SHORT CODE
CHANGE:


Underlyings and Levels (on Pricing Date in ZAc):
 Share      Initial    Contingent   Mandatory Early      Knock-In    One Star
              Level Coupon Level        Termination         Level       Level
                                              Level
              Share     67.00% of     67.00% of the     50.00% of     100.00%
            Closing     the Share     Share Closing     the Share      of the
              Level       Closing             Level       Closing       Share
                            Level                           Level     Closing
                                                                        Level
SSW SJ         1,913        1,282               1,282         957       1,913
AMS SJ        68,573       45,944              45,944      34,287      68,573
IMP SJ        10,175        6,817               6,817       5,088      10,175
NPH SJ         12,907       8,648               8,648       6,454      12,907

Observation Date(s):

n    Date
1    09 February 2026
2    08 February 2027
3    07 February 2028
4    05 February 2029
5    11 February 2030

Early Termination Observation Date(s):

n    Date
1    09 February 2026
2    08 February 2027
3    07 February 2028
4    05 February 2029
5    11 February 2030

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
02 June 2025

Sponsor: UBS South Africa (Pty) Limited

Date: 02-06-2025 03:00:00
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