UBS AG - Listing of UBS Autocallable Note linked to the NKY, SMI, NDX and FTSEMIB Index due 2031 Series 31

Listing of UBS Autocallable Note linked to the NKY, SMI, NDX and FTSEMIB Index due 2031 – Series 31

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

Listing of UBS Autocallable Note linked to the NKY, SMI, NDX and FTSEMIB
Index due 2031 – Series 31.

The JSE Limited has granted UBS approval for the listing of the Autocallable
Note linked to the NKY, SMI, NDX and FTSEMIB Index due 2031.

This listing is issued under the Information Memorandum of UBS AG. Trading
will commence on Friday, 06 November 2026.

INSTRUMENT NUMBER:                      129684

ALPHA CODE:                             UBGPAN

ISIN:                                   ZAE000370946

ISSUE SIZE (UNITS):                     100,000 (unit quotation)

ISSUE PRICE (RAND/UNIT):                1,000

LISTING DATE:                           06   November 2026
EXPIRY DATE:                            06   October 2031
EXPIRY OBSERVATION DATE:                06   October 2031
FINALISATON ANNOUNCEMENT BY 08:00AM:    07   October 2031
LAST DATE TO TRADE:                     07   October 2031
SUSPENSION DATE:                        08   October 2031
RECORD DATE:                            10   October 2031
PAYMENT DATE:                           14   October 2031
TERMINATION DATE:                       15   October 2031


UNDERLYING:                             Nikkei 225 Index
                                        Bloomberg: NKY Index) (''Index1'')

                                        Swiss Market Index
                                        (Bloomberg: SMI Index) (''Index2'')

                                        Nasdaq-100 Index
                                        (Bloomberg: NDX Index) (''Index3'')

                                        FTSE MIB Index
                                        (Bloomberg: FTSEMIB Index) (''Index4'')

Indices and Index Levels as at the Pricing Date:
 Indexi      Initial       Contingent      Mandatory       Knock-In Level
             Level         Coupon Level    Early
                                           Termination
                                           Level
 NKY Index   66,753.7200   85% of the      100% of the     65% of the
                           Index Level     Initial Level   Initial Level
 SMI Index   13,830.3400   85% of the      100% of the     65% of the
                           Index Level     Initial Level   Initial Level
 NDX Index   30,408.5000   85% of the      100% of the     65% of the
                           Index Level     Initial Level   Initial Level
 FTSEMIB     51,371.9800   85% of the      100% of the     65% of the
 Index                     Index Level     Initial Level   Initial Level

Observation Date(s):
n     Date
1     04 October 2027
2     02 October 2028
3     01 October 2029
4     30 September 2030
5     06 October 2031

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
05 November 2026

Sponsor: UBS South Africa (Pty) Limited
Date: 05/11/2026 05:15:00
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