UBS AG - Notification to Noteholders following the Observation Date 12 May 2026 for UBS Autocallable Note FCP604

Notification to Noteholders following the Observation Date 12 May 2026 for UBS Autocallable Note FCP604

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

ISIN:                      ZAE000347803
ALPHA CODE:                FCP604

Notification to Noteholders following the Observation Date of 12 May 2026
for UBS Autocallable Note linked to the LUXS1E and the EU30MPE Index (the
"Notes").

Further to the announcement published on 24 April 2026, UBS AG, as Issuer
of the abovementioned Note hereby notifies noteholders that the conditions
for early exercise were not met.

On Tuesday, 12 May 2026 (Early Termination Observation Date), UBS AG
confirms that the Index Closing Level of one or more of the underlyings was
below the respective Mandatory Early Termination Level. Consequently, the
conditions for an Early Termination Event were not met. Therefore, no
Capital and Coupon Amount will be paid, and the note will roll to the next
scheduled Observation Date in accordance with the Terms and Conditions of
the Note.

Underlyings and Levels (as at Observation Date: 12 May 2026):

Index               Initial Level             End of day closing Level as at
                                                Observation Date 12 May 2026
LUXS1E Index             2,523.37                                   2,242.48
EU30MPE Index            1,132.82                                   2,032.99

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
13 May 2026

Sponsor: UBS South Africa (Pty) Limited

Date: 13-05-2026 08:00:00
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