Redemption of UBS Group AG additional tier 1 instrument

Zurich, December 5, 2022 – UBS announced its intention to redeem the total outstanding USD 2.0 billion additional tier 1 instrument with ISIN CH0400441280 (the “AT1 instrument”) on  January 31, 2023, the first call date. The AT1 instrument was issued by UBS Group AG on  January 31, 2018 and is listed on the SIX Swiss Exchange.

Today’s decision reflects UBS’s long-standing call policy, which is to carefully evaluate all relevant factors, including the market environment, economic costs, business growth and funding plans, as well as the current and future regulatory value of the capital instrument.