UBS AG - Notification of Observation Date, and potential Early Termination for UBS Autocallable Note UBS004

Notification of Observation Date, and potential Early Termination for UBS Autocallable Note UBS004

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

ISIN:           ZAE000336038
Alpha code:     UBS004

Notification of Observation Date, and potential Early Termination with
Capital and Coupon payment for UBS Autocallable Note linked to Standard and
Poor's 500 Index, Nikkei 225 Index, and EURO STOXX 50 Index (the "Notes")

UBS AG, as Issuer of the UBS Autocallable Note, hereby notifies holders of
the upcoming Observation Date on Monday, 01 June 2026.

On Monday, 01 June 2026 (Early Termination Observation Date), the
conditions for early exercise will be observed.

An Early Termination Event occurs if, on the Early Termination Observation
Date, the Calculation Agent determines that each Index Closing Level listed
below is equal to or greater than its Mandatory Early Termination Level,
respectively.

If an Early Termination Event occurs on an Early Termination Observation
Date, the Note will be redeemed early. Each holder will receive the Early
Termination Amount equal to the Calculation Amount plus the Coupon Amount.

Should the above conditions be met, the Note will automatically exercise
and terminate. The Note would be suspended from trading effective,
Wednesday, 03 June 2026.

If the Conditions for Exercise are not met on the Observation Date, the
Note will stay active and listed, continuing to the next scheduled
Observation Date(s).

Underlyings and Levels (on the Pricing Date):
 Index         Initial       Contingent   Mandatory Early   Knock-In Level
                 Level     Coupon Level       Termination
                                                    Level
         Index Closing       85% of the       100% of the       65% of the
                 Level    Index Closing     Index Closing    Index Closing
                                  Level             Level            Level
 SPX          5,277.51         4,485.88          5,277.51         3,430.38
 NKY         38,487.90        32,714.72         38,487.90        25,017.14
 SX5E         4,983.67         4,236.12          4,983.67         3,239.39

If the Condition are met, the following salient terms will apply:
Coupon:                                             6.25%
Coupon Amount:                                      6250 cents
Capital Amount per note:                            100000 cents

Update announcement published on SENS by 08:30:   Tuesday, 02 June 2026
Last Day to Trade:                                Tuesday, 02 June 2026
Ex Date:                                          Wednesday, 03 June 2026
Record Date:                                      Friday, 05 June 2026
Payment Date:                                     Tuesday, 09 June 2026
Termination Date:                                 Wednesday, 10 June 2026

For further information kindly contact:
UBS KeyInvest South Africa
Tel.: +27 11 322 7129 / 7865
E-mail: keyinvestza@ubs.com
Web: http://keyinvest-za.ubs.com/products

Johannesburg
18 May 2026

Sponsor: UBS South Africa (Pty) Limited
Date: 18-05-2026 11:00:00
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