UBS AG - Listing of UBS Autocallable Notes linked to the SPX, NKY, and SX5E Indices

Listing of UBS Autocallable Notes linked to the SPX, NKY, and SX5E Indices

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

Listing of UBS Autocallable Notes linked to the SPX, NKY, and SX5E Indices
(the "Notes") – Series 7.

The JSE Limited has granted UBS approval for the listing of the Autocallable
Notes linked to the Standard and Poor's 500 Index (SPX), Nikkei 225 Index
(NYK) and EURO STOXX 50 Index (SX5E) due 31 May 2030.

An Autocallable is a structured product that pays investors return payments,
subject to an underlying reference asset(s) being at or above a specified
level. The products have a fixed maximum tenor; however, the tenor may be
shorter if the product is called. The product has set observation dates on
which the return payments are made, and the product can be called early. The
return paid by the product is financed by a short position in a put option.
The put option has a tenor that matches the maximum tenor of the product.

The Notes are a notional rand-denominated structured product referencing
global indices. This product offers a return if, on any Observation Date,
all Underlyings close at or above the Autocall Barrier level. In this case,
the investor will receive a fixed payment for every observation period that
has passed since inception. The product also allows for early redemption
before expiry, with the investor receiving back their invested capital on
top of the relevant return for the relevant period if all Underlyings close
at or above a specific Autocall Barrier level on any Early Termination
Observation Date.

If no autocall event occurs, the investor will receive 100% of the Nominal
on the Redemption Date provided none of the Knock-In Levels have been breached
on the Expiration Date.

If at least one of the Underlyings closes at or below its respective Knock-
In Level at expiry, the redemption value will reflect the performance of the
worst performing Underlying.

This listing is issued under the Information Memorandum of UBS AG. Trading
will commence on Tuesday, 02 July 2024.

INSTRUMENT NUMBER:                115992
ALPHA CODE:                       UBS004
ISIN:                             ZAE000336038
ISSUE SIZE (UNITS):               100,000 (unit quotation)
ISSUE PRICE (RAND):               1,000 per Note

UNDERLYING INDICES:               Standard and Poor's 500 Index
                                  (Bloomberg ticker: SPX Index)

                                  Nikkei 225 Index
                                  (Bloomberg ticker: NKY Index )

                                  EURO STOXX 50 Index
                                  (Bloomberg ticker: SX5E Index)

LISTING DATE:                     02 July 2024
EXPIRY DATE:                      31 May 2030

Underlyings and Levels (as at Pricing Date: 31 May 2024):
 Index       Initial        Contingent      Mandatory Early        Knock-In
               Level      Coupon Level    Termination Level           Level
               Index        85% of the    100% of the Index      65% of the
             Closing     Index Closing        Closing Level   Index Closing
               Level             Level                                Level
 SPX        5,277.51          4,485.88             5,277.51        3,430.38
 NKY       38,487.90         32,714.72            38,487.90       25,017.14
 SX5E       4,983.67          4,236.12             4,983.67        3,239.39

Observation Date(s):

n    Date
1    29 November 2024
2         30 May 2025
3    01 December 2025
4        01 June 2026
5    30 November 2026
6        01 June 2027
7    30 November 2027
8         31 May 2028
9    30 November 2028
10        31 May 2029
11   30 November 2029
12        31 May 2030

Early Termination Observation Date(s):

n    Date
4        01 June 2026
5    30 November 2026
6        01 June 2027
7    30 November 2027
8         31 May 2028
9    30 November 2028
10        31 May 2029
11   30 November 2029
12        31 May 2030

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/products

Johannesburg
01 July 2024
Sponsor: UBS South Africa (Pty) Limited
Date: 01-07-2024 02:00:00
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