UBS AG - Notification to Noteholder following Observation Date outcome on 05 May 2026 for UBS Autocallable Note UBGPAD

Notification to Noteholder following Observation Date outcome on 05 May 2026 for UBS Autocallable Note UBGPAD

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

ISIN:         ZAE000334967
ALPHA CODE:   UBGPAD

Notification to Noteholder following Observation Date outcome on 05 May
2026 for UBS Autocallable Note UBGPAD

Further to the announcement published on 17 April 2026, UBS AG, as Issuer
of the abovementioned Note, hereby notifies noteholders that the conditions
for early exercise have been met.

On Tuesday, 05 May 2026 (the Early Termination Observation Date), UBS AG
confirms that the Index Closing Level of each underlying was above its
Mandatory Early Termination Level. Accordingly, an Early Termination Event
occurred, and the Note will be redeemed early.

Each holder will receive the Early Termination Amount, which is equal to
the Calculation Amount plus Rate of Interest Amount. The Note will be
suspended from trading with effect from Thursday, 07 May 2026.

Underlyings and Levels (on the Pricing Date):
 Index       Initial        Contingent    Mandatory Early           Knock-In
               Level      Coupon Level Termination Level               Level
               Index       100% of the 100% of the Index          70% of the
             Closing     Index Closing      Closing Level      Index Closing
               Level             Level                                 Level
 HSI       18,313.86         18,313.86          18,313.86         12,819.702
 SX5E       5,038.17          5,038.17           5,038.17          3,526.719
 SPX        5,187.67          5,187.67           5,187.67          3,631.369

Underlyings and Levels (on Observation Date – 05 May 2026):

Index                                     Closing Level on Observation Date
                                                        Index Closing Level
HSI                                                               25,898.61
SX5E                                                               5,869.63
SPX                                                                7,259.22

Settlement will take place electronically in terms of JSE Rules.

Important information relating to the payment is as follows:

Rate of Interest:                                 18.25%
Interest Amount per note:                         36500 cents
Capital Amount per note:                          100000 cents

Last Day to Trade:                                Wednesday, 06 May 2026
EX Date:                                          Thursday, 07 May 2026
Record Date:                                      Monday, 11 May 2026
Payment Date:                                     Wednesday, 13 May 2026
Termination Date:                                 Thursday, 14 May 2026

For further information kindly contact:

UBS KeyInvest South Africa
Tel.: +27 11 322 7129 / 7000
E-mail: keyinvestza@ubs.com
Web: http://keyinvest-za.ubs.com/products

Johannesburg
06 May 2026

Sponsor: UBS South Africa (Pty) Limited
Date: 06-05-2026 08:00:00
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