Listing of UBS Actively Managed Certificate linked to the Coherent Fuel Hedge Portfolio UBS AG, London Branch ("UBS AG" or the "Company") (Incorporated and domiciled in Switzerland) (Registration number: CHE-101.329.561) Listing of UBS Actively Managed Certificate linked to the Coherent Fuel Hedge Portfolio. The JSE Limited has granted UBS AG approval for the listing of UBS Portfolio Notes linked to the Coherent Fuel Hedge Portfolio (the "Reference Portfolio"). The Reference Portfolio, whose composition may vary from time to time, is actively managed by the Reference Portfolio Advisor and represents a notional investment in the Reference Portfolio Components as described in detail below. Background: Coherent Capital Management (Pty) Ltd ("Coherent") is a leading commodity firm that focuses on commodity investment portfolios and the application of commodity price risk management techniques to corporate finance. More information about Coherent can be found at https://coherentcommodities.com/. Coherent is regulated by the Financial Services Conduct Authority with license number 49606. The Coherent Fuel Hedge Portfolio offers risk managed access to the individual components of the energy sector of the commodity asset class. The portfolio's asymmetrical payoff profile provides the fuel consumer with protection against rising fuel prices while retaining the benefit of falling fuel prices. For the financial investor, this portfolio provides diversification from the traditional bond and equity asset classes, as well as being an important element in hedging against rising inflation. Investment universe: UNDERLYING SECURITISED UNIVERSE: Securitised products issued by UBS AG may be incorporated as Securitised Products Constituents. UNDERLYING FX FORWARDS UNIVERSE: FX Forwards exposed to G10 currencies, ZAR, SGD, HKD, and CNH may be incorporated. UNDERLYING CURRENCY ACCOUNT: USD synthetic cash account. Other: Noteholders should be aware that the Reference Portfolio Advisor is independent of the Issuer. The performance of the Product is largely dependent on the skill and decisions made by the Reference Portfolio Advisor. Decisions made by the Reference Portfolio Advisor may not always be profitable and therefore may have a material adverse impact on the value of this Product. Moreover, past performance of other products managed by the Reference Portfolio Advisor does not guarantee future positive performance of this Product. Listing information: This listing (Series 37) is issued under the Information Memorandum of UBS AG. Trading will commence on Wednesday, 22 May 2024. INSTRUMENT NUMBER: 115595 ALPHA CODE: FUELZA ISIN: ZAE000335022 ISSUE SIZE (UNITS): 1,000,000 ISSUE PRICE (RAND/UNIT): 100.00 LISTING DATE: 22 May 2024 EXPIRY DATE: 22 May 2029 SECTOR: Specialist Securities SUB-SECTOR: Actively Managed Certificates FOREIGN STATUS: The Notes are classified as Foreign for purposes of the South African Reserve Bank Exchange Control Regulations. For further information kindly contact: UBS KeyInvest South Africa Tel.: +27 11 322 7129 / 7317 E-mail: keyinvestza@ubs.com Web: http://keyinvest-za.ubs.com/AMC Johannesburg 21 May 2024 Sponsor: UBS South Africa (Pty) Limited Date: 21-05-2024 10:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.