UBS AG - Notification to Noteholder following Observation Date outcome on 21 July 2026 for UBGPAE

Notification to Noteholder following Observation Date outcome on 21 July 2026 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 to Noteholder following Observation Date outcome on 21 July
2026 for UBS Autocallable Note UBGPAE

Further to the announcement published on 07 July 2026, UBS AG, as Issuer of
the abovementioned Note, hereby notifies noteholders that the conditions
for early exercise have been met.

On Tuesday, 21 July 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 the Interest Amount. The Note will be suspended
from trading with effect from Thursday, 23 July 2026.

Underlyings and Levels (on the Pricing Date):
 Index         Initial       Contingent   Mandatory Early      Knock-In Level
                 Level   Interest Level       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

Underlyings and Levels (on Observation Date – 21 July 2026):

Index                                     Closing Level on Observation Date
                                                        Index Closing Level
AS51                                                              8,812.801
SX5E                                                               6,285.63
NKY                                                               66,232.19
OMX                                                               3,146.342

Settlement will take place electronically in terms of JSE Rules.

Important information relating to the payment is as follows:

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

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
22 July 2026

Sponsor: UBS South Africa (Pty) Limited

Date: 22-07-2026 08:00:00
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