UBS AG - Notification to Noteholder following Observation Date outcome on Monday, 09 November 2026 for UBS Autocallable Note UBGPAG

Notification to Noteholder following Observation Date outcome on Monday, 09 November 2026 for UBS Autocallable Note UBGPAG

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

ISIN:              ZAE000341103
Alpha code:        UBGPAG

Notification to Noteholder following Observation Date outcome on Monday, 09
November 2026 for UBS Autocallable Note UBGPAG

Further to the announcement published on Monday, 26 October 2026, UBS AG,
as Issuer of the abovementioned Note, hereby notifies noteholders that the
conditions for early exercise have been met.

On Monday, 09 November 2026 (the Early Termination Observation Date), UBS
AG confirms that the Index Closing Level of each underlying was above its
Mandatory Early Termination Level. Accordingly, an Early Termination Event
occurred, and the Note will be redeemed early.

Each holder will receive the Early Termination Amount, which is equal to
the Calculation Amount plus Contingent Return Amount. The Note will be
suspended from trading with effect from Wednesday, 11 November 2026.

Underlyings and Levels (on Observation Date – 09 November 2026):

Index                 Initial Index Level   Closing Level on Observation Date
SD3E Index                     1,626.8600                            2,493.81
HSI Index                     20,538.3800                           24,448.95

Settlement will take place electronically in terms of JSE Rules.

Important information relating to the payment is as follows:
Rate of Interest:                               24.80%
Interest Amount per note to be paid:            24800 cents
Capital Amount per note to be paid:             100000 cents

Last Day to Trade:                                 Tuesday, 10 November 2026
Suspension Date:                                   Wednesday, 11 November 2026
Record Date:                                       Friday, 13 November 2026
Payment Date:                                      Tuesday, 17 November 2026
Termination Date:                                  Wednesday, 18 November 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
10 November 2026

Sponsor: UBS South Africa (Pty) Limited

Date: 10/11/2026 08:00:00
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