UBS AG LONDON BRANCH - Listing of UBS Actively Managed Certificate linked to the Boutique Global Champions Portfolio

Listing of 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)

Listing of UBS Actively Managed Certificate linked to the Boutique Global
Champions Portfolio.

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

Boutique Asset Management (Pty) Ltd is a Johannesburg based investment and
wealth management firm, offering tailored portfolio construction and
management services. The company specialises in managing client funds by
delivering comprehensive, personalised investment solutions. With a focus on
risk management and precision execution, Boutique Asset Management develops
customised strategies designed to meet individual client needs and achieve
superior investment outcomes. Boutique Asset Management (Pty) Ltd is
regulated by the Financial Sector Conduct Authority with license number
53523.

The investment strategy aims to deliver an actively managed global equity
portfolio that seeks to achieve capital growth over the long term while
managing risk through a disciplined process. The investment is made up of a
portfolio of leading companies with strong fundamentals, diversified across
industries and geographies, including developed and emerging markets. This
is a pure-equity strategy with an objective to always remain fully invested,
offering exposure to global stock markets. The strategy focuses on companies
with superior intrinsic value and sustainable competitive advantages. The
mandate is unconstrained by company size, industry, or geography. Performance
is benchmarked against the MSCI All Country World Index.


Investment universe:

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 ACCOUNT:   USD, EUR, and GBP synthetic cash.


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 41) is issued under the Information Memorandum of UBS
AG. Trading will commence on Wednesday, 02 October 2024.

INSTRUMENT NUMBER:          117720
ALPHA CODE:                 BAMGCF
ISIN:                       ZAE000339412
ISSUE SIZE (UNITS):         1,000,000
ISSUE PRICE (RAND/UNIT):    100.00

LISTING DATE:               02 October 2024
EXPIRY DATE:                07 October 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
01 October 2024

Sponsor: UBS South Africa (Pty) Limited

Date: 01-10-2024 02:00:00
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