UBS AG - Listing of the UBS Autocallable Note linked to SPX, SX5E, NKY, and SHSN300, due 2032 Series 32

Listing of the UBS Autocallable Note linked to SPX, SX5E, NKY, and SHSN300, due 2032 – Series 32

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

Listing of the UBS Autocallable Note linked to SPX, SX5E, NKY, and SHSN300,
due 2032 – Series 32.

The JSE Limited has granted UBS approval for the listing of the Autocallable
Note linked to the SPX, SX5E, NKY, and SHSN300 indices due 25 October 2032.

Trading will commence on Friday, 06 November 2026.

INSTRUMENT NUMBER:                              129739

ALPHA CODE:                                     UBS010

ISIN:                                           ZAE000370995

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

ISSUE PRICE (ZAR/UNIT):                         1,000

PRICING DATE:                                   27 OCTOBER 2026


LISTING DATE:                                   06   NOVEMBER 2026
EXPIRY DATE:                                    25   OCTOBER 2032
EXPIRY OBSERVATION DATE:                        25   OCTOBER 2032
FINALISATION ANNOUNCEMENT BY 08:00am:           26   OCTOBER 2032
LAST DATE TO TRADE:                             26   OCTOBER 2032
SUSPENSION DATE:                                27   OCTOBER 2032
RECORD DATE:                                    29   OCTOBER2032
PAYMENT DATE:                                   02   NOVEMBER 2032
TERMINATION DATE:                               03   NOVEMBER 2032

UNDERLYING:                                     S&P500 Index
                                                (Bloomberg: SPX Index)

                                                EURO STOXX 50 Index
                                                (Bloomberg: SX5E Index)

                                                Nikkei 225 Index
                                                (Bloomberg: NKY Index)

                                                CSI 300 Index
                                                (Bloomberg: SHSN300 Index)

Indices and Index Levels as at Pricing Date:
 Index    Initial Level (Closing  Mandatory Early       Knock-In Level
          Level of the Index)     Termination Level
 SPX      7,722.60                100% of the Initial   60% of the
 Index                            Level                 Initial Level
 SX5E     6,164.69                100% of the Initial   60% of the
 Index                            Level                 Initial Level
 NKY      63,268.37               100% of the Initial   60% of the
 Index                            Level                 Initial Level
 SHSN300 4,049.55                 100% of the Initial   60% of the
 Index                            Level                 Initial Level

Observation Date(s):
n    Date
1    25 October 2027
2    23 October 2028
3    22 October 2029
4    21 October 2030
5    27 October 2031
6    Expiry Date

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
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.