UBS AG - Listing of the UBS Autocallable Note linked to SPX, UKX, SX5E, and NKY, due 2031 Series 28

Listing of the UBS Autocallable Note linked to SPX, UKX, SX5E, and NKY, due 2031 – Series 28

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

Listing of the UBS Autocallable Note linked to SPX, UKX, SX5E, and NKY, due
2031 – Series 28.

The JSE Limited has granted UBS approval for the listing of the Autocallable
Note linked to the SPX, UKX, SX5E, and NKY indices due 21 July 2031. Trading
will commence on Tuesday, 04 August 2026.

The Initial Level of each index will be determined by the arithmetic average
of the Index Closing Levels on the Pricing Dates set out in the table below.

A further SENS announcement will be issued on Monday, 19 October 2026 with
the Initial Level of each Index.

INSTRUMENT NUMBER:                                 128276

ALPHA CODE:                                        UBS009

ISIN:                                              ZAE000366159

ISSUE SIZE (UNITS):                                400,000 (unit quotation)

ISSUE PRICE (ZAR/UNIT):                            1,000

PRICING DATES:                                     17   JULY 2026
                                                   17   AUGUST 2026
                                                   17   SEPTEMBER 2026
                                                   16   OCTOBER 2026

LISTING DATE:                                      04   AUGUST 2026
EXPIRY DATE:                                       21   JULY 2031
EXPIRY OBSERVATION DATE:                           21   JULY 2031
FINALISATION ANNOUNCEMENT BY 08:00am:              22   JULY 2031
LAST DATE TO TRADE:                                22   JULY 2031
SUSPENSION DATE:                                   23   JULY 2031
RECORD DATE:                                       25   JULY 2031
PAYMENT DATE:                                      29   JULY 2031
TERMINATION DATE:                                  30   JULY 2031


UNDERLYING:                                        S&P500 Index
                                                   (Bloomberg: SPX Index)

                                                   FTSE 100 Index
                                                   (Bloomberg: UKX Index)

                                                   EURO STOXX 50 Index
                                                   (Bloomberg: SX5E Index)

                                                   Nikkei 225 Index
                                                   (Bloomberg: NKY Index)
Indices and Levels:
Index        Initial Level                            Knock-In Level
SPX Index    Arithmetic average of the Index          60% of the Initial
             Closing Levels on the Pricing Dates      Level
UKX Index    Arithmetic average of the Index          60% of the Initial
             Closing Levels on the Pricing Dates      Level
SX5E Index   Arithmetic average of the Index          60% of the Initial
             Closing Levels on the Pricing Dates      Level
KY Index     Arithmetic average of the Index          60% of the Initial
             Closing Levels on the Pricing Dates      Level

Mandatory   Early Termination Levels:
Index       Observation Date 3    Observation Date 4    Observation Date 5
SPX         100% of the Initial   95% of the Initial    90% of the Initial
Index       Level                 Level                 Level
UKX         100% of the Initial   95% of the Initial    90% of the Initial
Index       Level                 Level                 Level
SX5E        100% of the Initial   95% of the Initial    90% of the Initial
Index       Level                 Level                 Level
NKY         100% of the Initial   95% of the Initial    90% of the Initial
Index       Level                 Level                 Level

Observation Date(s):
n    Date
3    16 July 2029
4    15 July 2030
5    Expiration Date

Early Termination Observation Date(s)
n    Date
3    16 July 2029
4    15 July 2030
5    Expiration Date

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
03 August 2026

Sponsor: UBS South Africa (Pty) Limited

Date: 03-08-2026 04:00:00
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