UBS AG - Notification of Observation Date, and potential Early Termination with Capital and Coupon payment for UBGPAE

Notification of Observation Date, and potential Early Termination with Capital and Coupon payment for UBGPAE

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

ISIN:           ZAE000337606
Alpha code:     UBGPAE

Notification of Observation Date, and potential Early Termination with
Capital and Coupon payment for UBS Autocallable Note linked to the OMX
Stockholm 30 Index, S&P/ASX 200 Index, the EURO STOXX 50 Index and the
Nikkei 225 Index due 2030 (the "Notes")

UBS AG, as Issuer of the UBS Autocallable Note, hereby notifies holders of
the upcoming Observation Date on Tuesday, 21 July 2026.

On Tuesday, 21 July 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 Interest
Amount.

Should the above conditions be met, the Note will automatically exercise
and terminate. The Note would be suspended from trading effective,
Thursday, 23 July 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
                 Level  Interest Amount       Termination
                                                    Level
         Index Closing       85% of the       100% of the       65% of the
                 Level    Index Closing     Index Closing    Index Closing
                                  Level             Level            Level
 AS51        7,921.267       6,733.0770         7,921.267       5,148.8236
 SX5E         4,862.50        4,133.125          4,862.50        3,160.625
 NKY         37,667.41      32,017.2985         37,667.41      24,483.8165
 OMX         2,578.749       2,191.9367         2,578.749       1,676.1869

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

Rate of Interest:                                   13.0000%
Interest Amount:                                    13000 cents
Capital Amount per note:                            100000 cents

Update announcement published on SENS by 08:30:     Wednesday, 22 July 2026
Last Day to Trade:                                  Wednesday, 22 July 2026
Suspension Date:                                    Thursday, 23 July 2026
Record Date:                                        Monday, 27 July 2026
Payment Date:                                       Wednesday, 29 July 2026
Termination Date:                                   Thursday, 30 July 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
07 July 2026

Sponsor: UBS South Africa (Pty) Limited

Date: 07-07-2026 12:00:00
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