UBS AG - Notification of Potential Contingent Coupon event for UBS Autocallable Note linked to SPX, NKY, and SX5

Notification of Potential Contingent Coupon event for UBS Autocallable Note linked to SPX, NKY, and SX5

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

ISIN:              ZAE000336038
Alpha code:        UBS004

Notification of Potential Contingent Coupon event for UBS Autocallable Note
linked to Standard and Poor's 500 Index, Nikkei 225 Index, and EURO STOXX 50
Index (the "Notes")

UBS AG, as Issuer of the UBS Autocallable Note linked to the SPX, NKY and
SX5E Indices (the "Notes"), hereby notifies holders of a potential Contingent
Coupon event for the above Autocallable Note which will be observed on
Observation Date Monday, 01 December 2025.

Underlyings and Levels (on the Pricing Date):
 Index                 Initial Level             Contingent Coupon Level
                 Index Closing Level      85% of the Index Closing Level
 SPX                        5,277.51                            4,485.88
 NKY                       38,487.90                           32,714.72
 SX5E                       4,983.67                            4,236.12

Important information relating to the Contingent Coupon event should a coupon
payment be made:

Coupon:                                             6.25%
Coupon Amount:                                      6250 cents

Update announcement published on SENS by 08:30:   Tuesday, 02 December 2025
Last Day to Trade:                                Tuesday, 02 December 2025
Ex Date:                                          Wednesday, 03 December 2025
Record Date:                                      Friday, 05 December 2025
Payment Date:                                     Tuesday, 09 December 2025

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
17 November 2025

Sponsor: UBS South Africa (Pty) Limited

Date: 17-11-2025 10:30:00
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