UBS AG LONDON BRANCH - Listing of UBS Actively Managed Certificates linked to the Mergence Global Quant Equity B Portfolio

Listing of UBS Actively Managed Certificates linked to the Mergence Global Quant Equity B 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 Mergence Global
Quant Equity B Portfolio (the "Notes") – Series 44.

The JSE Limited has granted UBS AG approval for the listing of UBS Portfolio
Notes (the "Notes") linked to the Mergence Global Quant Equity B 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:

The Mergence Global Quant Equity B Portfolio provides diversified access to
capital growth opportunities across the world's developed economies, with
the fund strategy driven by quantitative research and supported by risk
controls.

Mergence Investment Managers (Pty) Ltd ("Mergence") is a leading Cape Town
based institutional asset manager with a strong 18-year track record.
Mergence offers a diverse product range across both public and private
markets, spanning equity, multi-asset funds, infrastructure, debt and private
equity   funds.  More   information   about   Mergence   can  be   found   at
www.mergence.co.za. Mergence is regulated by the Financial Sector Conduct
Authority with licence number 16134.

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 SYNTHETIC CURRENCY   USD
ACCOUNTS:


Other:

Noteholders should be aware that the Reference Portfolio Advisor is
independent of the Issuer. The performance of the Notes 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 these Notes.
Moreover, past performance of other products managed by the Reference
Portfolio Advisor does not guarantee future positive performance of these
Notes.

Listing information:

This listing (Series 44) is issued under the Information Memorandum of UBS
AG. Trading will commence on Wednesday, 11 December 2024.

INSTRUMENT NUMBER:         119098
ALPHA CODE:                MERGQB
ISIN:                      ZAE000342267
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:            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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