Final Redemption (partial) and the extension of the Expiration Date for PrivateClient Global Growth Portfolio 1

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

Final Redemption (partial) and the extension of the Expiration Date of UBS
Actively Managed Certificate ("AMC") issued on 19 October 2018 (Series 5)

ALPHA CODE:                UPCHPA
ISIN:                      ZAE000263943
Reference Portfolio:       PrivateClient Global Growth Portfolio 1

For the abovementioned AMC, no Noteholders elected to redeem their
holdings, therefore Noteholders will be automatically rolled into the
extended 5-year period and will continue to hold their AMC. The new
Expiration Date is Tuesday, 17 October 2028.

The updated Termsheet and Final Terms are available on the following website:
http://keyinvest-za.ubs.com.

For further information please contact:

UBS KeyInvest South Africa
Tel.: +27 11 322 7129 / 7317
E-mail: keyinvestza@ubs.com
Web: http://keyinvest-za.ubs.com

Johannesburg
18 October 2023

Sponsor: UBS South Africa (Pty) Limited

Date: 18-10-2023 09:30:00
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