Zurich, 28 March 2024
Consent of Independent Registered
Public Accounting Firm
We consent to the incorporation by reference in each
of the following registration statements of
UBS Group
AG:
(1)
on Form F-3 (Registration Number 333-272452),
and each related prospectus currently outstanding
under such registration statement,
(2)
on Form S-8 (Registration Numbers 333-200634;
333-200635; 333-200641; 333-200665;
333-
215254; 333-215255; 333-228653; 333-230312;
333-249143; and 333-272975), and each
related
prospectus currently outstanding under any
of the aforementioned registration statements,
of our reports dated 27 March 2024, with respect
to the consolidated financial statements of
UBS Group AG
and the effectiveness of internal control over financial
reporting of UBS Group AG, included in this
Annual
Report (Form 20-F) for the year ended 31
December 2023, filed with the Securities
and Exchange
Commission.
/s/ Ernst & Young Ltd