UBS AG - Notification of Observation Date, and potential Early Termination for UBS Autocallable Note UBGPAD

Notification of Observation Date, and potential Early Termination for UBS Autocallable Note UBGPAD

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

ISIN:         ZAE000334967
ALPHA CODE:   UBGPAD

Notification of Observation Date, and potential Early Termination with
Capital and Coupon payment for UBS Autocallable Note UBGPAD

UBS AG, as Issuer of the abovementioned Note, hereby notifies holders of
the upcoming Observation Date on Tuesday, 05 May 2026.

On Tuesday, 05 May 2026 (Early Termination Observation Date), the
conditions for early exercise will be observed.

An Early Termination Event occurs if, on the Early Termination Observation
Date, the Calculation Agent determines that each Index Closing Level listed
below is equal to or greater than its Mandatory Early Termination Level,
respectively.

If an Early Termination Event occurs on an Early Termination Observation
Date, the Note will be redeemed early. Each holder will receive the Early
Termination Amount equal to the Calculation Amount plus the Coupon Amount.

Should the above conditions be met, the Note will automatically exercise
and terminate. The Note would be suspended from trading effective,
Thursday, 07 May 2026.

If the Conditions for Exercise are not met on the Observation Date, the
Note will stay active and listed, continuing to the next scheduled
Observation Date(s).

Underlyings and Levels (on the Pricing Date):
 Index       Initial        Contingent    Mandatory Early         Knock-In
               Level      Coupon Level Termination Level             Level
               Index       100% of the 100% of the Index        70% of the
             Closing     Index Closing      Closing Level    Index Closing
               Level             Level                               Level
 HSI       18,313.86         18,313.86          18,313.86       12,819.702
 SX5E       5,038.17          5,038.17           5,038.17        3,526.719
 SPX        5,187.67          5,187.67           5,187.67        3,631.369

If the Condition are met, the following salient terms will apply:

Rate of Coupon:                                   18.25%
Coupon Amount per note:                           36500 cents
Capital Amount per note:                          100000 cents

Update announcement published on SENS by 08:30:   Wednesday, 06 May 2026
Last Day to Trade:                                Wednesday, 06 May 2026
Suspension Date:                                  Thursday, 07 May 2026
Record Date:                                      Monday, 11 May 2026
Payment Date:                                     Wednesday, 13 May 2026
Termination Date:                                 Thursday, 14 May 2026

For further information kindly contact:

UBS KeyInvest South Africa
Tel.: +27 11 322 7129 / 7000
E-mail: keyinvestza@ubs.com
Web: http://keyinvest-za.ubs.com/products

Johannesburg
17 April 2026

Sponsor: UBS South Africa (Pty) Limited

Date: 17-04-2026 12:00:00
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