UBS AG LONDON BRANCH - Listing of UBS Actively Managed Certificates linked to the Allegro Portfolio

Listing of UBS Actively Managed Certificates linked to the Allegro 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 Certificates linked to the Allegro Portfolio
(the "Notes") – Series 45.

The JSE Limited has granted UBS AG approval for the listing of UBS Portfolio
Notes linked to the Allegro 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:

Southern Rock Capital Limited is a privately owned investment firm providing
asset management and advisory services to private clients, trusts,
corporations, and non-profit organisations around the world. Southern Rock
Capital is a highly focused, innovative, and multi-skilled team. They embrace
a sophisticated, process-oriented, technical investment approach to ensure
the delivery of tailored investment solutions for their clients.

The investment strategy seeks to invest in companies that exhibit strong
price momentum. Their quantitative investment process aims to evaluate each
company's price action to determine which companies exhibit high quality of
price momentum that could persist into the future. The resulting portfolio
seeks to provide investors with a benchmark agnostic, concentrated portfolio
to companies that exhibit strong price momentum characteristics. Southern
Rock Capital Limited is regulated by the Financial Services Commission
Mauritius with licence number GB23202127.


Investment universe:

UNDERLYING STOCK UNIVERSE:     Developed Market (as defined in the most
                               recent MSCI Global Investable Market
                               Indexes Methodology) worldwide stocks.

UNDERLYING INDEX UNIVERSE:     Total Return Index Constituents including
                               indices that are exposed to Developed
                               Market (as defined in the most recent MSCI
                               Global Investable Market Indexes
                               Methodology) worldwide stocks.

UNDERLYING ETF UNIVERSE:       ETFs that are physically replicated,
                               exposed to Developed Market (as defined in
                               the most recent MSCI Global Investable
                               Market Indexes Methodology) worldwide
                               stocks may be incorporated as ETF
                               Constituents.

UNDERLYING FX CONSTITUENTS:    Only FX Forwards exposed to G10 currencies
                               and ZAR may be incorporated as FX
                               Constituents in the Reference Portfolio.

UNDERLYING SYNTHETIC           USD, EUR, and GBP synthetic cash.
CURRENCY ACCOUNTS:
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 45) is issued under the Information Memorandum of UBS
AG.

INSTRUMENT NUMBER:               119107
ALPHA CODE:                      ALEGRO
ISIN:                            ZAE000342325
ISSUE SIZE (UNITS):              1,000,000
ISSUE PRICE (RAND/UNIT):         100.00

LISTING DATE:                    11 December 2024
EXPIRY DATE:                     09 December 2031

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
10 December 2024

Sponsor: UBS South Africa (Pty) Limited

Date: 10-12-2024 02:00:00
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