UBS AG - Notification to Noteholder following Observation Date outcome on 14 September 2026 for UBS Autocallable Note UBGPAF

Notification to Noteholder following Observation Date outcome on 14 September 2026 for UBS Autocallable Note UBGPAF

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

ISIN:          ZAE000339164
Alpha code:    UBGPAF

Notification to Noteholder following Observation Date outcome on 14
September 2026 for UBS Autocallable Note UBGPAF

Further to the announcement published on 31 August 2026, UBS AG, as Issuer
of the abovementioned Note, hereby notifies noteholders that the conditions
for early exercise have been met.

On Monday, 14 September 2026 (the Early Termination Observation Date), UBS
AG confirms that the Index Closing Level of each underlying was above its
Mandatory Early Termination Level. Accordingly, an Early Termination Event
occurred, and the Note will be redeemed early.

Each holder will receive the Early Termination Amount, which is equal to
the Calculation Amount plus the Interest Amount. The Note will be suspended
from trading with effect from Wednesday, 16 September 2026.

Underlyings and Levels (on Pricing Date):
 Index     Initial Level       Contingent Coupon           Mandatory Early
                                           Level         Termination Level
           Index Closing        85% of the Index         100% of the Index
                   Level           Closing Level             Closing Level
 RTY          2,103.8460              1,788.2691                2,103.8460
 UKX          8,193.9400              6,964.8490                8,193.9400
 NKY         35,619.7700             30,276.8045               35,619.7700
 SMI         11,922.9100             10,134.4735               11,922.9100

Underlyings and Levels (on Observation Date – 14 September 2026):
 Index                                    Closing Level on Observation Date
                                                       Index Closing Levels
 RTY                                                               2,892.24
 UKX                                                              10,697.57
 NKY                                                              63,492.99
 SMI                                                              13,878.54

Settlement will take place electronically in terms of JSE Rules.

Important information relating to the payment is as follows:

Rate of Interest:                              13.0000%
Interest Amount per note to be paid:           13000 cents
Capital Amount per note to be paid:            100000 cents

Last Day to Trade:                             Tuesday, 15 September 2026
Suspension Date:                               Wednesday, 16 September 2026
Record Date:                                   Friday, 18 September 2026
Payment Date:                                  Tuesday, 22 September 2026
Termination Date:                              Wednesday, 23 September 2026

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
15 September 2026

Sponsor: UBS South Africa (Pty) Limited

Date: 15/09/2026 08:00:00
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