Consent solicitation to insert benchmark rate replacement language into the terms and conditions of two series of Tier 1 capital notes

Zurich, Basel, 28 June 2022 – UBS announced a consent solicitation process with a holders’ meeting convened for each of the targeted notes on 19 July 2022.

The targeted notes are the USD 1.25bn 7.00% with ISIN CH0271428333 and the USD 1.575bn 6.875% with ISIN CH0286864027, both issued by UBS Group AG in 2015 (the “Notes”).

The purpose of each holders’ meeting and the related consent solicitation is to insert benchmark replacement language into the terms and conditions of the Notes providing for, subject to certain conditions, the replacement of the USD LIBOR Swap Rate with an alternative benchmark rate in the event that the USD LIBOR Swap Rate is discontinued.

Please refer to the notices to investors published on the Official Notices page of SIX Swiss Exchange for a definition of the capitalized terms used herein not otherwise defined and for more information.

UBS Group AG and UBS AG

Disclaimer
This document and the information contained herein are provided solely for information purposes, and are not to be construed as a solicitation of an offer to buy or sell any securities or other financial instruments in Switzerland, the United States or any other jurisdiction. No investment decision relating to securities of or relating to UBS Group AG, UBS AG or their affiliates should be made on the basis of this document. UBS undertakes no obligation to update the information contained herein.