UBS AG LONDON BRANCH - Description change for UBS Actively Managed Certificate linked to the Boutique Global Champions Portfolio

Description change for UBS Actively Managed Certificate linked to the Boutique Global Champions Portfolio

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

Description change for UBS Actively Managed Certificate linked to the
Boutique Global Champions Portfolio.

Noteholders are hereby notified that the Reference Portfolio Advisor has
requested a change in description for the abovementioned Note. This request
is driven by their internal processes and governance around naming
conventions for structured products and notes.

The JSE has granted UBS AG approval to amend the description for the UBS
Portfolio Notes from Boutique Global Champions Portfolio to Boutique Global
Equity Portfolio (the "Reference Portfolio").

Noteholders are advised that the investment universe and note strategy, as
well as the performance history, the ISIN, the alpha code and the JSE long
and short name will remain the same as detailed below.

Salient details captured in the table below.

INSTRUMENT NUMBER:            117720
ALPHA CODE:                   BAMGCF
ISIN:                         ZAE000339412

OLD DESCRIPTION:              Boutique Global Champions Portfolio
NEW DESCRIPTION:              Boutique Global Equity Portfolio
EFFECTIVE DATE:               29 January 2025

UNDERLYING STOCK UNIVERSE:    Developed Market (as defined in the most recent
                              MSCI Global Investable Market Indexes
                              Methodology) worldwide stocks; and may also
                              include stocks which are American Depository
                              Receipts (ADRs) and Global Depository Receipts
                              (GDRs). Shares listed on the Main Board of the
                              Johannesburg Stock Exchange may also be
                              incorporated.

UNDERLYING INDEX UNIVERSE:    Total Return Index Constituents include 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 or benchmark
                              indices as well as ETFs listed on the Main
                              Board of the Johannesburg Stock Exchange 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 CURRENCY           USD, EUR, and GBP synthetic cash.
ACCOUNT:
LISTING DATE:                 02 October 2024
EXPIRY DATE:                  07 October 2031

SECTOR:                       Specialist Securities
SUB-SECTOR:                   Actively Managed Certificates

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
28 January 2025

Sponsor: UBS South Africa (Pty) Limited
Date: 28-01-2025 11:00:00
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