UBS Group AG发布截至2026年9月30日的第三季度Pillar 3报告，披露资本与流动性指标及瑞士监管提案

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington,

D.C. 20549

_________________

FORM 6-K

REPORT OF FOREIGN PRIVATE

ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

Date: October 28, 2026

UBS Group AG

(Registrant's Name)

Bahnhofstrasse 45, 8001 Zurich, Switzerland

(Address of principal executive office)

Commission File Number: 1-36764

UBS AG

(Registrant's Name)

Bahnhofstrasse 45, 8001 Zurich, Switzerland

Aeschenvorstadt 1, 4051 Basel, Switzerland

(Address of principal executive offices)

Commission File Number: 1-15060

Indicate by check mark whether the registrants file or will file annual reports under cover of Form 20-F or Form

40-

Form 20-F

☒

Form 40-F

☐

This Form

6-K consistsof the30 September2026 Pillar 3Report ofUBS Groupand significantregulated subsidiaries

and sub-groups, which appears immediately following this page.

edgarq26ubsgrouppillap3i0 Pillar 3 Report 30 September 2026 UBS Group and significant regulated subsidiariesand sub-groups

Terms used in this report, unless the context requires otherwise

“UBS”, “UBS Group”, “UBS Group AG consolidated”, “Group”,

“the Group”, “we”, “us” and “our”

UBS Group AG and its consolidated subsidiaries

“UBS AG” and “UBS AG consolidated”

UBS AG and its consolidated subsidiaries

“Credit Suisse Group” and “Credit Suisse”

Credit Suisse Group AG and its consolidated subsidiaries, before the

acquisition by UBS

“UBS Group AG” and “UBS Group AG standalone”

UBS Group AG on a standalone basis

“UBS AG standalone”

UBS AG on a standalone basis

“UBS Switzerland AG” and “UBS Switzerland AG standalone”

UBS Switzerland AG on a standalone basis

“UBS Europe SE” and “UBS Europe SE consolidated”

UBS Europe SE and its consolidated subsidiaries

“UBS Americas Holding LLC” and “UBS Americas Holding LLC consolidated”

UBS Americas Holding LLC and its consolidated subsidiaries

“1m”

One million, i.e. 1,000,000

“1bn”

One billion, i.e. 1,000,000,000

“1trn”

One trillion, i.e. 1,000,000,000,000

In this report, unless the context requires otherwise, references to any gender shall apply to all genders.

UBS Group

Section 1

Introduction and basis for preparation

Section 2

Key metrics

Section 3

Risk-weighted assets

Section 4

Going and gone concern requirements

and eligible capital

Section 5

Leverage ratio

Section 6

Liquidity and funding

Significant regulated subsidiaries and sub-groups

Section 1

Introduction

Section 2

UBS AG consolidated

Section 3

UBS AG standalone

Section 4

UBS Switzerland AG standalone

Section 5

UBS Europe SE consolidated

Section 6

UBS Americas Holding LLC consolidated

Appendix

Abbreviations frequently used in our financial reports

Cautionary statement

Contacts

Switchboards

For all general inquiries

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London +44-207-567-8000

New York +1-212-821-3000

Hong Kong SAR +852-2971-8888

Singapore +65-6495-8000

Investor Relations

UBS’s Investor Relations team manages relationships with institutional

investors, research analysts and credit rating agencies.

ubs.com/investors

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New York +1-212-882-5734

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UBS’s Media

Relations team

manages relationships

with globalmedia and journalists.

ubs.com/media

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[email protected]

Imprint

Publisher: UBS Group AG, Zurich, Switzerland | ubs.com

Language: English

30 September 2026 Pillar 3 Report |

UBS Group | Introduction and basis for preparation

UBS Group

Introduction and basis for preparation

Scope of Basel III Pillar 3 disclosures

The

BaselCommitteeonBankingSupervision(theBCBS)finalBasel IIIcapitaladequacyframeworkconsistsofthree

complementary pillars. Pillar 1 provides a framework for measuring

minimum capital requirements for the credit, market

and operational risks faced by banks. Pillar 2 addresses the principles

of the supervisory review process, emphasizing the

need for

a qualitativeapproachto supervisingbanks. Pillar 3requiresbanks topublish arange ofdisclosures, mainly

covering risk, capital, leverage, liquidity and remuneration.

This

reportprovidesPillar 3disclosuresfortheUBSGroupandprudentialkeyfiguresandregulatoryinformationfor

UBS AG consolidated and standalone,

UBS Switzerland AG standalone, UBS EuropeSE consolidated and UBSAmericas

Holding LLC consolidated in the respective sections under “Significant regulated subsidiaries and sub-groups”.

This

Pillar

reporthasbeenpreparedinaccordancewiththeSwissFinancialMarketSupervisoryAuthority(FINMA)

Ordinance on the Disclosure Obligations of Banks and Securities Firms (the DisO-FINMA), the corresponding explanatory

notes, and the underlying BCBS Basel framework disclosure requirements. The revised Capital Adequacy Ordinance (the

CAO) that

incorporates thefinal Basel IIIstandards intoSwiss law,and thefive newFINMA ordinances(including the

DisO-FINMA) that contain the implementing

provisions for the revisedCAO, entered into forceon 1 January 2025. The

DisO-FINMA

replacesFINMACircular2016/1“Disclosure–banks”andincorporatesinparticularnewandrevised

disclosure tables on risks and capital requirements.

›

Refer to “Changes to Pillar 3 disclosure requirements” in the “Introduction

and basis for preparation” section of the 31 March

2025 Pillar 3 Report, available under “Pillar 3 disclosures” at

ubs.com/investors

, for information about new and revised quarterly

tables as a result of the implementation of the final Basel III standards in Switzerland

As UBS

is asystemically relevantbank (anSRB) underSwiss bankinglaw, UBSGroup AG andUBS AG arerequired to

comply

withregulationsbasedonthefinalBasel IIIframeworkasapplicabletoSwissSRBsonaconsolidatedbasis,

whereas UBS Switzerland AG is exempt from consolidation.

Local

regulatorsmayalsorequirethepublicationofPillar 3informationatasubsidiaryorsub-grouplevel.Where

applicable, these local disclosures are provided under “Holding company and

significant regulated subsidiaries and sub-

groups” at

ubs.com/investors

Significant regulatory developments, disclosure requirements and other changes

Banking regulation in Switzerland

In August 2026, the Swiss Federal Council launched two public consultations on

further measures under the too-big-to-

fail

reformpackage,withoneconsultationcoveringproposedlegislativemeasuresandtheothercoveringproposed

amendments to

the SwissLiquidity Ordinance.The proposedlegislative measures,to besubmitted tothe SwissParliament

for enactment,

include additionalrequirementsfor therecovery andresolution ofsystemically importantbanks (SIBs),

add measures

to enhance banks’ability to obtainliquidity fromthe Swiss NationalBank, introducea Senior Managers

Regime for

banks withmore complexorganizational structures,and provideexpanded supervisorypowers forFINMA.

This consultation will

conclude in November 2026,and the Swiss FederalCouncil is expectedto submit its finallegislative

proposal to

the SwissParliament inthe firsthalf of2027. Theentry intoforce ofthese changesis expectedno earlier

than

thebeginningof2029.TheproposedamendmentstotheSwissLiquidityOrdinance,includingquantitative

minimum requirements for borrowing capacity for emergency

liquidity assistance, are subject topublic consultation until

November 2026. Related amendments

are expected toenter into forceno earlier than thebeginning of 2029, withan

expected phase in over a period of four years.

In September 2026, the Council of States (the upper house of the Swiss Parliament) supported a proposal requiring SIBs

to deduct

90% ofthe carryingvalue offoreign participationsfrom regulatorycapital, withthe deductionto bemade

entirely from

common equitytier 1 (CET1)capital. Thisproposal isnow subjectto thedeliberations ofthe NationalCouncil

(the lower

house ofthe SwissParliament). Ifenacted inthe formsupported bythe Councilof States,the proposalis

expected

tobephasedincommencingin2028,attheearliest,andwouldrequireUBS AGtoholdapproximately

USD 16bn of additional

CET1 capital. Thiswould come inaddition to aroundUSD 2bn of additionalCET1 capitalrequired

at UBS AG as a result of the ordinance-level measures announced earlier this year.

UBS AG must also

hold the previouslydisclosed CET1 capitalof around USD 15bnunder existing regulationsfollowing

the acquisition

of CreditSuisse. Thisamount includesaround USD 9bnrelated toregulatory concessionsgranted toCredit

Suisse and around USD 6bn to meet the current progressive requirements due to the increased size and market share of

the combined business.

30 September 2026 Pillar 3 Report |

UBS Group | Introduction and basis for preparation

thedecision bytheCouncil ofStates isconfirmed, UBSwould berequiredto holdatotal ofaroundUSD 33bnof

incremental CET1

capital sincethe acquisitionof CreditSuisse. Inparallel, onceimplemented, theordinance-level changes

announced earlier this year would eliminate

an estimated USD 4bn of CET1 capitalat the Group level. The totalannual

capital-related cost resulting from the acquisition would amount to around USD 2.5bn.

Other developments

Capital returns

In the

third quarterof 2026we repurchasedUSD 1,807m ofshares underour 2026share repurchaseprograms. We

expect to complete our current USD 3bn share repurchase program by the time of the publication of our fourth-quarter

2026 results. The amount

and pace of sharerepurchases will remain subject toour short-term financialperformance and

outlook, maintaining

a CET1capital ratioof around14% andfurther visibilityon thedeliberations bythe SwissParliament

on the capitalization of foreign subsidiaries.

Frequency and comparability of Pillar 3 disclosures

The

DisO-FINMAspecifiesthereportingfrequencyforeachdisclosure.InlinewiththeseFINMA-specifieddisclosure

requirements,

includingwithregardtocomparativeperiods,weprovidequantitativecomparativeinformationasof

30 June 2026 for disclosures required

on a quarterly basis. Wherespecifically required by FINMA and / orthe BCBS, we

disclose comparative information for additional reporting dates.

›

Refer to the 30 June 2026 Pillar 3 Report, available under “Pillar 3 disclosures” at

ubs.com/investors

, for more information about

previously published quarterly movement commentary

›

Refer to the 31 March 2025 Pillar 3 Report, available under “Pillar 3 disclosures”

ubs.com/investors

, for more information about

quarterly tables currently not applicable to UBS

30 September 2026 Pillar 3 Report |

UBS Group | Key metrics

Key metrics

Key metrics for the third quarter of 2026

The KM1 and

KM2 tables beloware based onthe Swiss FinancialMarket Supervisory Authority(FINMA) Ordinance on

the Disclosure Obligations of

Banks and Securities Firms(DisO-FINMA) rules. The KM2table includes a referenceto the

total loss-absorbing capacity (TLAC)

term sheet, published bythe Financial Stability Board(the FSB). The FSBprovides this

term sheet at

fsb.org/2015/11/total-loss-absorbing-capacity-tlac-principles-and-term-sheet

Our tier 1 capital

ratio increased, reflectinga decrease inrisk-weighted assets (RWA), partlyoffset by adecrease in our

tier 1 capital.

Our BaselIII leverageratio increased,driven bya decreasein theleverage ratiodenominator (theLRD),

partly offset by a decrease in our tier 1 capital.

Our common

equity tier 1(CET1) capitalincreased byUSD 0.7bn toUSD 73.1bn, mainlyreflecting operatingprofit before

tax

ofUSD 3.6bn,partlyoffsetbydividendaccrualsofUSD 0.9bn,negativeforeigncurrencytranslationeffectsof

USD 0.7bn,

aUSD 0.7bnnegativeeffectfromcompensation-andown-share-relatedcomponents,andcurrenttax

expenses of USD 0.6bn. Share repurchases of

USD 1.8bn made under our 2026share repurchase programs in thethird

quarter of 2026

did not affectour CET1 capitalposition, as therewas an identicalreduction in theexisting capital reserve

for expected future share repurchases.

Our tier 1

capital decreasedby USD 0.1bnto USD 95.9bn,reflecting theaforementioned USD0.7bn increasein CET1

capital, which

was more thanoffset bya USD 0.7bn decreasein additionaltier 1 (AT1)capital. The decreasein AT1capital

reflected negative impacts from interest rate risk hedge, foreign currency translation and other effects.

The TLAC available as of 30 September 2026

included CET1 capital, AT1 capital and non-regulatory capitalelements of

TLAC.

Our available

TLAC decreasedby USD 6.9bnto USD 186.7bn,reflecting theaforementioned decreasein tier 1capital

and a USD 6.9bn decrease

in non-regulatory capital elementsof TLAC. The decreasein non-regulatory elements ofTLAC

was mainly

driven byUSD 9.7bn ofTLAC-eligible seniorunsecured debtinstruments (USD 9.8bnin notionalamount)

that we

repurchased inSeptember 2026,the redemptionof TLAC-eligiblesenior unsecureddebt instrumentsfor the

equivalent

ofUSD 4.7bnandnegativeimpactsfrominterestrateriskhedge,foreigncurrencytranslationandother

effects. These decreases were partly offset by new issuances

of TLAC-eligible senior unsecured debt instruments totaling

the equivalent of USD 11.1bn.

During the third quarter of 2026, RWA decreased by USD 7.8bn to USD 496.1bn, driven by a USD 4.7bn decrease from

currency effects, a

USD 2.8bn decrease resulting fromasset size and othermovements, and aUSD 0.2bn decrease driven

by model updates and methodology changes.

During the third

quarter of 2026,the LRD decreasedby USD 58.6bn toUSD 1,591.2bn, driven bya USD 38.3bn decrease

from asset size and other movements and a USD 20.3bn decrease from currency effects.

The quarterly average liquidity coverage

ratio of the UBS Groupincreased 1.4 percentage points to 178.7%,remaining

above the

prudential requirementcommunicated byFINMA. Averagenet cashoutflows decreasedby USD 11.4bnto

USD 181.5bn, primarily

reflecting loweroutflows fromcustomer depositsand highernet inflowsfrom securitiesfinancing

transactions, partly offset

by lower inflowsfrom lending assets.The effect ofthe decrease innet cash outflowswas partly

offset

byaUSD 17.5bndecreaseinaveragehigh-qualityliquidassetstoUSD 324.3bn,

mainly

reflecting

lower

cash

available from

decreases incustomer deposits,primarily fromcurrency effects,and indebt issuedat amortizedcost, partly

offset by higher cash available from lower lending assets.

As of 30 September 2026,

the net stable fundingratio of the UBSGroup decreased 0.3 percentage pointsto 114.8%,

remaining above

the prudentialrequirement communicatedby FINMA.Available stablefunding decreasedby USD 11.5bn

to USD 888.8bn, mainly driven by lower

debt issued at amortized cost. Requiredstable funding decreased by USD 8.1bn

to USD 774.4bn, mainly reflecting lower trading assets and a decrease in lending assets, primarily from currency effects.

30 September 2026 Pillar 3 Report |

UBS Group | Key metrics

KM1: Key metrics

USD m, except where indicated

30.9.26

30.6.26

31.3.26

31.12.25

30.9.25

Available capital (amounts)

Common Equity Tier 1 (CET1)

73,117

72,464

73,313

71,262

74,655

Tier 1

95,909

95,977

96,963

91,176

94,950

Total capital

95,909

95,980

96,973

91,201

94,950

Risk-weighted assets (amounts)

Total risk-weighted assets (RWA)

496,111

503,923

500,355

493,397

504,897

Total risk-weighted assets (pre-floor)

496,111

503,923

500,355

493,397

504,897

Minimum capital requirement

39,689

40,314

40,028

39,472

40,392

Risk-based capital ratios as a percentage of RWA

Common equity tier 1 ratio (%)

14.74

14.38

14.65

14.44

14.79

Common equity tier 1 ratio (%) (pre-floor)

14.74

14.38

14.65

14.44

14.79

Tier 1 ratio (%)

19.33

19.05

19.38

18.48

18.81

Tier 1 ratio (%) (pre-floor)

19.33

19.05

19.38

18.48

18.81

Total capital ratio (%)

19.33

19.05

19.38

18.48

18.81

Total capital ratio (%) (pre-floor)

19.33

19.05

19.38

18.48

18.81

Additional CET1 buffer requirements as a percentage of RWA

Capital conservation buffer requirement (%)

2.50

Countercyclical buffer requirement (%)

0.12

0.11

0.12

Additional countercyclical buffer for Swiss mortgage loans (%)

0.32

0.33

0.38

0.32

Bank G-SIB and / or D-SIB additional requirements (%)

1.50

Total of bank CET1 specific buffer requirements (%)

4.12

4.11

4.12

CET1 available after meeting the bank’s minimum capital requirements (%)

10.24

9.88

10.15

9.94

10.29

Basel III leverage ratio

Total Basel III leverage ratio exposure measure

1,591,152

1,649,751

1,653,460

1,622,438

1,640,464

Basel III leverage ratio (%) (including the impact of any applicable temporary

exemption of central bank reserves)

6.03

5.82

5.86

5.62

5.79

14b

Basel III leverage ratio (%) (excluding the impact of any applicable

temporary exemption of central bank reserves)

6.03

5.82

5.86

5.62

5.79

14c

Basel III leverage ratio (%) (including the impact of any applicable temporary

exemption of central bank reserves) incorporating mean values for SFT

assets

5.98

5.79

5.86

5.58

5.77

14d

Basel III leverage ratio (%) (excluding the impact of any applicable

temporary exemption of central bank reserves) incorporating mean values for

SFT assets

5.98

5.79

5.86

5.58

5.77

14e

Minimum capital requirements

47,735

49,493

49,604

48,673

49,214

Liquidity coverage ratio (LCR)

Total high-quality liquid assets (HQLA)

324,304

341,792

333,963

331,568

346,550

Total net cash outflow

181,484

192,877

187,869

181,693

190,359

16a

of which: cash outflows

420,378

428,160

417,159

390,134

388,343

16b

of which: cash inflows

238,894

235,283

229,290

208,441

197,984

LCR (%)

178.68

177.28

177.83

182.64

182.12

Net stable funding ratio (NSFR)

Total available stable funding

888,753

900,258

896,644

882,039

898,762

Total required stable funding

774,427

782,479

766,795

759,829

750,960

NSFR (%)

114.76

115.05

116.93

116.08

119.68

1 Calculated as 8% of total RWA,

based on total capital minimum requirements,excluding CET1 buffer requirements.2 Excludes non-BCBS capital buffer requirementsfor risk-weighted positions that are directly

or indirectly backed by residential

properties in Switzerland.3 Represents the CET1 ratio thatis available to meet bufferrequirements. Calculated as theCET1 ratio minus the BCBSCET1 capital requirement and,

where applicable, minus the BCBS

tier 2 capital requirement met withCET1 capital.4 There is currently notemporary exemption of central bankreserves for UBS.5 The higher of capitalrequirements based on

8% of RWA or 3% of LRD.

6 Calculated after the application of haircuts and inflow andoutflow rates, as well as,where applicable, caps on Level 2 assetsand cash inflows. Calculated based on anaverage of 66

data points

in thethird quarterof 2026and 60data pointsin thesecond quarterof 2026.Forthe prior-quarterdata points,refer tothe respectivePillar 3Report, availableunder “Pillar3 disclosures”at

ubs.com/investors, for more information.

KM2: Key metrics – TLAC requirements (at resolution group level)

USD m, except where indicated

30.9.26

30.6.26

31.3.26

31.12.25

30.9.25

Total loss-absorbing capacity (TLAC) available

186,709 193,631 197,556 187,307 199,329

Total RWA at the level of the resolution group

496,111 503,923 500,355 493,397 504,897

TLAC as a percentage of RWA (%)

37.63 38.42 39.48 37.96 39.48

Leverage ratio exposure measure at the level of the resolution group

1,591,152 1,649,751 1,653,460 1,622,438 1,640,464

TLAC as a percentage of leverage ratio exposure measure (%)

11.73 11.74 11.95 11.54 12.15

Does the subordination exemption in the antepenultimate paragraph of Section

11 of the FSB TLAC Term Sheet apply?

Does the subordination exemption in the penultimate paragraph of Section 11

of the FSB TLAC Term Sheet apply?

If the capped subordination exemption applies, the amount of funding issued

that ranks pari passu with excluded liabilities and that is recognized as external

TLAC, divided by funding issued that ranks pari passu with excluded liabilities

and that would be recognized as external TLAC if no cap was applied (%)

N/A – Refer to our response to 6b.

1 Resolution group level is defined as the UBS Group AG consolidated level.

30 September 2026 Pillar 3 Report |

UBS Group | Risk-weighted assets

Risk-weighted assets

Overview of risk-weighted assets and capital requirements

The

OV1tablebelowprovidesanoverviewofourrisk-weightedassets(RWA)andtherelatedminimumcapital

requirements by

risk type.The tablepresented isbased onthe respective SwissFinancial Market SupervisoryAuthority

(FINMA) template and empty rows indicate current non-applicability to UBS.

During the third quarter of 2026, RWA decreased by USD 7.8bn to USD 496.1bn, driven by a USD 4.7bn decrease from

currency effects, a

USD 2.8bn decrease resulting fromasset size and othermovements, and aUSD 0.2bn decrease driven

by model updates and methodology changes.

Credit and counterparty credit risk

Credit and counterparty credit risk RWA include settlement risk, credit valuation adjustments, equity and investments in

funds exposures in

the banking book, andsecuritization exposures in thebanking book but excludenon-counterparty-

related risk. Credit and

counterparty credit riskRWA decreased by USD 6.7bnto USD 295.1bn asof 30 September 2026,

driven

byaUSD 4.4bndecreasefromcurrencyeffects,aUSD 2.1bndecreaseresultingfromassetsizeandother

movements, and a USD 0.2bn decrease due to model updates and methodology changes.

Asset size and other movements by business division and Group Items

–

Global Wealth

Management RWAdecreased byUSD 2.9bn, mainlydue tomarket-driven movementsin derivatives

and lower RWA on loans and loan commitments.

–

Non-core and Legacy RWA decreased

by USD 0.2bn, primarily driven byour actions to actively unwindthe portfolio,

in addition to the natural roll-off.

–

Group Items RWA increased by USD 0.4bn, mainly reflecting lower allocation of

high-quality liquid assets from Group

Treasury to the business divisions.

–

Investment

BankRWAincreasedbyUSD 0.4bn,primarilydrivenbyincreasesinloansandloancommitmentsand

amounts due from banks, partly offset by market-driven movements in derivatives.

–

Asset Management RWA increased by USD 0.2bn.

–

Personal & Corporate Banking RWA increased by USD 0.1bn.

Model updates and methodology changes resulted in an RWA decrease of USD 0.2bn, mainly reflecting a change in the

margin period of risk, partly offset by increases in RWA on private equity exposures.

Market risk

Market risk RWA decreased by USD 0.8bn to USD 31.5bn in the

third quarter of 2026, primarily reflecting asset sizeand

other movements, with a decrease in Group Treasury

partly offset by an increase in the Investment Bank.

Operational risk

Operational risk RWA were unchanged at USD 135.4bn.

The flow tables for credit risk, counterparty

credit risk (CCR) and credit valuation adjustment(CVA) RWA below provide

further details regarding the movements in RWA in the third quarter of 2026.

›

Refer to the “Introduction and basis for preparation” section of this report

for more information about the regulatory standards

applied

›

Refer to the “Capital management”

section of the UBS Group third quarter 2026 report, availableunder

“Quarterly reporting” at

ubs.com/investors

, for more information about capital management and RWA,

including details regarding movements in RWA

during the third quarter of 2026

30 September 2026 Pillar 3 Report |

UBS Group | Risk-weighted assets

OV1: Overview of RWA

Minimum

capital

requirements

USD m, except where indicated

30.9.26

30.6.26

30.9.26

Credit risk (excluding counterparty credit risk)

252,581 256,126 20,206

of which: standardized approach (SA)

56,137 56,883 4,491

of which: non-counterparty-related risk

15,617 16,055 1,249

of which: foundation internal ratings-based (F-IRB) approach

43,081 41,325 3,446

of which: supervisory slotting approach

1,573 1,439 126

of which: advanced internal ratings-based (A-IRB) approach

151,789 156,480 12,143

of which: adjustments related to the Swiss sectoral real estate floor for exposures secured by real estate in Switzerland

Counterparty credit risk

33,145 35,005 2,652

of which: SA for counterparty credit risk (SA-CCR)

7,184 7,875 575

of which: internal model method (IMM)

14,139 14,465 1,131

of which: value-at-risk (VaR)

7,299 8,008 584

of which: other CCR

4,522 4,657 362

Credit valuation adjustment (CVA)

7,830 9,462 626

10a

of which: full basic approach (BA-CVA)

3,327 4,461 266

10b

of which: standardized approach (SA-CVA)

4,503 5,001 360

Equity positions under the simple risk weight approach during the five-year transitional period

Equity investments in funds – look-through approach

1,623 1,413 130

Equity investments in funds – mandate-based approach

1,073 1,147 86

Equity investments in funds – fallback approach

661 752 53

Settlement risk

317 258 25

Securitization exposures in banking book

4,723 5,038 378

of which: securitization internal ratings-based approach (SEC-IRBA)

1,242 1,160 99

of which: securitization external ratings-based approach (SEC-ERBA), including internal assessment approach (IAA)

728 799 58

of which: securitization standardized approach (SEC-SA)

2,754 3,079 220

Market risk

31,460 32,276 2,517

of which: standardized approach (SA)

31,460 32,276 2,517

of which: internal models approach (IMA)

Capital charge for switch between trading book and banking book

Operational risk

135,425 135,425 10,834

Amounts below thresholds for deduction (250% risk weight)

27,275 27,023 2,182

25a

of which: deferred tax assets18,469 18,303 1,478

Output floor applied (%)

65 65

Floor adjustment (before application of transitional cap)

Floor adjustment (after application of transitional cap)

Total

496,111 503,923 39,689

1 Calculated based on 8% of RWA.

2 Non-counterparty-related risk includes property,equipment, software and other items.3 The Swiss sectoral real estatefloor is not applicable at the levelof UBS Group AG

consolidated.

4 Excludes settlement risk, which is separately reported in line 15 “Settlement risk”. Includes RWA with central counterparties.The split between the sub-components of counterparty credit risk refers

to the calculation

of theexposure measure.5 Includes itemssubject tothreshold deductiontreatment thatdo not exceedtheir respective thresholdand are riskweighted at250%. Items subjectto threshold

deduction treatment include significant investments in common shares

of non-consolidated financial institutions (banking, insuranceand financial entities) and deferred tax assets arisingfrom temporary differences.

6 The overall

output floor of72.5% is subjectto a phase-inuntil 1 January2028. As of1 January 2026,the applicable overalloutput floor atthe level ofUBS Group AGconsolidated increased to65% and will

increase to 70% in 2027.

7 FINMA has not opted to implement a transitional cap that would limit the increase in RWA to 25% of a bank’s RWA before the application of the output floor.8 The total of our actual

final Basel III RWA

is higher than 65%of our final BaselIII RWA calculated usingthe full standardized approach.Therefore, theoverall output floor isnot binding, and ourRWA before and afterthe effects of the

overall output floor are equal.

Comparison of modelled and standardized RWA at risk level

The

CMS1tablecomparesRWAdeterminedusingmodelsapprovedbyFINMAwithRWAdeterminedunderthefull

standardized approach. The table also provides the full standardized approach

for RWA that are the base of the phased-

in overall

output floor.The purposeof theoverall outputfloor isto ensurethat banks’capital requirementsbased on

modelled approaches where permitted do

not fall below acertain percentage of capital requirementsbased on the full

standardized

approach,therebyreducingexcessivevariabilityofRWAandenhancingthecomparabilityofrisk-based

capital ratios across

banks. The impactof the outputfloor, if applicable,will be disclosedin the “OV1:Overview of RWA”

table in rows 27 and 28.

The applicable threshold pursuant tothe reporting date is disclosedin row 26 of theOV1 table,

and in column e in the CMS1 table below. As of 1 January 2026, the output floor increased to 65% from 60% and will

incrementally increase to

a level of 72.5%by 2028. As of30 September 2026, thefloor is not bindingat the level ofUBS

Group, i.e. the

total of ouractual RWA shownin column cin theCMS1 table belowis greater than65% ofthe RWA

calculated under

the fullstandardized approachshown incolumn e,and thereforeno adjustmentis required.UBS is

making

progresswithactionstomitigateRWAunderthestandardizedapproachtominimizetheflooradjustment

required as the level of the output floor increases.

›

Refer to “Overview of risk-weighted assets and capital requirements” in this section for information

about the OV1 table

The table

below providesa summaryof thekey conceptualdifferences betweenthe internalmodel approachand the

standardized approach.

30 September 2026 Pillar 3 Report |

UBS Group | Risk-weighted assets

Key differences between the internal model approach and the standardized approach

Internal model approach

Standardized approach

Key impact

Risk weighting

Reliance on internal ratings where each

counterparty / transaction receives a rating based

on internal models approved by FINMA.

Reliance on external credit assessment institutions

where permitted in the regulatory framework.

Modelled approach produces RWA that is more risk

sensitive.

Granular risk-sensitive risk weight differentiation

via individual probability of default (PD) and loss

given default (LGD) for mortgages.

Less granular risk weights based on loan-to-value

(LTV)

bands for mortgages.

The Group’s residential mortgage portfolio is

focused on the Swiss market, and the Group has

robust review processes in place concerning

borrowers’ ability to repay. This results in the

Group’s residential mortgage portfolio having a low

average LTV and results in an average risk

weight

of around 20% under the advanced internal

ratings-based (A-IRB) approach.

Modelled LGD captures transaction quality

features including collateralization. Under the

foundation internal ratings-based (F-IRB)

approach the LGD values are calculated based on

the rules set by FINMA.

No differentiation for transaction features (except

where a claim is subordinated).

Impact relevant across all asset classes.

Credit risk mitigation

Credit risk mitigation recognized via risk-sensitive

LGD or exposure at default (EAD).

Limited recognition of credit risk mitigation.

Standardized approach RWA is higher than

modelled RWA for most transaction types.

Wider variety of eligible collateral.

Restricted list of eligible collateral.

Limited recognition of collateral results in higher

RWA for Lombard lending and securities financing

transactions (SFTs).

Repo value-at-risk (VaR)

permits the use of VaR

models to estimate exposure and collateral for

SFTs. Approach permits full diversification and

netting across all collateral types.

Conservative and crude regulatory haircuts with

limited risk-sensitivity.

The effects of guarantees and credit derivatives

are considered through either adjusting PD

and / or LGD estimates. UBS applies the F-IRB

approach for guarantee recognition.

In case of eligible guarantees and credit derivatives,

substitution is applied and the risk weight

applicable to the protection provider can be

assigned to the protected portion of the underlying

exposure.

CCF

A credit conversion factor (CCF) is applied to

model expected future drawdowns over the 12-

month period, irrespective of the actual maturity

of a particular transaction. The CCF includes

downturn adjustments and is the result of

analysis of internal data and expert opinion.

Credit exposure equivalents are determined by

applying CCFs to off-balance sheet items. The CCFs

vary based on product type, maturity and the

underlying contractual agreements.

Modelled CCFs can be more tailored and

differentiated.

EAD for derivatives

Internal model method (IMM) facilitates the use

of a Monte Carlo simulation to estimate

exposure.

The standardized approach for CCR is calculated as

the replacement costs plus regulatory add-ons that

take into account potential future market moves at

predetermined fixed rates.

For large, diversified derivatives portfolios,

standardized EAD is higher than modelled EAD.

Application of multiplier on IMM exposure

estimate.

Differentiates add-ons by five exposure types and

three maturity buckets only.

Variability in holding period applied to

collateralized transactions, reflecting liquidity

risks.

Limited netting can be recognized.

EAD for SFTs

The repo VaR approach is a model based on a

Monte Carlo simulation and historical calibration

to estimate exposure, computed as quantile

exposure.

The comprehensive approach considers the adjusted

exposure after applicable supervisory haircuts on

both the exposure and the collateral received to

take account of possible future fluctuations in the

value of either the exposure or the collateral.

For large, diversified SFT portfolios, standardized

EAD is higher than modelled EAD.

Maturity in risk weight

Regulatory RWA function considers maturity: the

longer the maturity, the higher the risk weight.

No differentiation for maturity of transactions,

except for interbank exposures.

Model approach produces lower RWA for high-

quality, short-term transactions.

Credit valuation

adjustment

Not applicable under the final Basel III standards.

UBS calculates the CVA risk capital requirement

using both the standardized approach (SA-CVA)

and the full basic approach (BA-CVA) in line with

the final Basel III standards. The SA-CVA uses

sensitivities to market risk factors (e.g. interest rates

and credit spreads) and uses those sensitivities with

regulatory-prescribed risk weights and correlations

to arrive at a capital charge. The BA-CVA approach

is simpler and less risk sensitive.

Where the BA-CVA and the SA-CVA are applied

under the output floor calculation, the application

of internal ratings is not permitted.

Securitization exposures

in the banking book

The regulatory capital requirements are

calculated using a hierarchy of approaches. First,

the securitization internal ratings-based approach

(SEC-IRBA) is applied, if possible. If this approach

cannot be applied, one of the standardized

approaches is applied.

If the SEC-IRBA cannot be applied, the regulatory

capital requirements are calculated using the

following hierarchy of approaches: the securitization

external ratings-based approach or the

securitization standardized approach (SEC-SA).

Otherwise, a 1,250% risk weight is applied as a

fallback.

30 September 2026 Pillar 3 Report |

UBS Group | Risk-weighted assets

Key differences between the internal model approach and the standardized approach (continued)

Internal model approach

Standardized approach

Key impact

Market risk

UBS does not apply the internal model approach

for market risk.

UBS currently applies the standardized approach of

the Fundamental Review of the Trading Book (the

FRTB)

framework, in which minimum market risk

capital requirements are computed on the basis of

three components: the sensitivities-based method

(the SBM), the default risk charge (the DRC) and

the residual risk add-on (the RRAO). The SBM

captures delta, vega and curvature risk of the

underlying trading positions, the DRC uses the

jump-to-default risk in positions subject to equity

and credit risk, and positions that may not be

adequately capitalized by the SBM and the DRC

additionally attract an RRAO charge.

Where the standardized approach is applied under

the output floor calculation, the application of

internal ratings is not permitted.

The new FRTB framework replaced the VaR

-and

stressed VaR-based Basel 2.5 market risk

framework.

Operational risk

Not applicable under the final Basel III standards.

The standardized approach is based on the business

indicator component, derived from financial

statement metrics, as well as the internal loss

multiplier, derived from average historical

operational losses. The new framework replaced the

advanced measurement approach.

As of 30 September

2026, the outputfloor is setat USD 463.9bn, representing65% of RWAcalculated using thefull

standardized approach. This floor is USD 32.2bn below the actual RWA of USD 496.1bn.

During the

third quarterof 2026,the differencebetween RWAcalculated usingthe fullstandardized approachand actual

RWA decreased

by USD 9.3bn,from USD 226.9bnto USD 217.6bn.This decreasewas primarilydriven byRWA mitigation

actions undertaken during the quarter and foreign exchange movements.

Under the

standardized approach forcredit risk RWAfixed riskweights are appliedto residentialmortgage exposures,

depending on the LTV.

The internal model-based approachconsiders borrowers’ ability toservice debt more accurately,

including mortgage

affordability andcalibration basedonhistoric data.The Group’sresidential mortgageportfolio is

focused on the Swiss market, and

the Group has robust reviewprocesses in place concerning borrowers’ abilityto repay.

This results

in theGroup’s residentialmortgage portfoliohaving alow averageLTV andconsequently alower average

risk weight under the A-IRB approach compared with the standardized approach. For Lombard lending, the average risk

weight using

internal modelsis lowerthan underthe standardizedapproach, primarilydue todifferences incollateral

treatment. In

addition, corporateexposures havehigher riskweights under thestandardized approach comparedwith

the average risk density in the modelled approach.

CCR RWA

primarily reflectshigher riskweights underthe standardizedapproach comparedwith theIRB riskweights

mainly in the corporate asset class, especially on managed funds. In

addition to risk weights, exposures calculated under

the standardized

approach arehigher, becausethe standardizedapproach doesnot fullyrecognize thebenefits ofnetting,

portfolio diversification and collateral.

CVA RWA calculated

using the fullstandardized approach werehigher than actualRWA, as theapplication of internal

ratings is not permitted under the standardized approach for output floor calculations.

RWA on securitization exposures in the banking book

calculated using the full standardized approach were higher than

actual RWA, due

to more conservativeassumptions and lessgranular risk assessmentspermitted under theSEC-SA when

compared with the SEC-IRBA framework.

30 September 2026 Pillar 3 Report |

UBS Group | Risk-weighted assets

CMS1: Comparison of modelled and standardized RWA at risk level

USD m

RWA for modelled

approaches that UBS has

FINMA approval to use

RWA for portfolios

where standardized

approaches are used

Total actual RWA

(i.e. RWA which banks

report as current

requirements)

RWA calculated using

full standardized

approach

(i.e. used in the base

of the output floor)

Output floor base

(RWA calculated

using full

standardized

approach)

30.9.26

Credit risk (excluding counterparty credit risk)

196,443 56,137 252,581 366,875 238,469

Counterparty credit risk

27,051 6,094 33,145 128,273 83,378

Credit valuation adjustment (CVA)

7,830 7,830 13,487 8,767

Securitization exposures in banking book

1,242 3,481 4,723 6,803 4,422

Market risk

31,460 31,460 31,876 20,719

Operational risk

135,425 135,425 135,425 88,026

Residual RWA

27 30,922 30,949 31,001 20,151

Total

224,762 271,349 496,111 713,740 463,931

30.6.26

Credit risk (excluding counterparty credit risk)

199,244 56,883 256,126 370,879 241,071

Counterparty credit risk

28,221 6,785 35,005 136,838 88,945

Credit valuation adjustment (CVA)

9,462 9,462 17,780 11,557

Securitization exposures in banking book

1,160 3,878 5,038 6,709 4,361

Market risk

32,276 32,276 32,573 21,172

Operational risk

135,425 135,425 135,425 88,026

Residual RWA

12 30,580 30,592 30,604 19,892

Total

228,636 275,287 503,923 730,807 475,025

1 As of 1 January 2026,

the output floor increased to65% from 60% in 2025.2 Includes settlement risk, equity investmentsin funds and items subjectto threshold deduction treatment thatdo not exceed their

respective threshold and are risk weighted at 250%.

3 The output floor is applied to total RWAs and not to individual risk categories.

RWA flow statements of credit risk exposures under the internal ratings-based approach

The

CR8tablebelowprovidesabreakdownofthecreditriskRWAmovementsinthethirdquarterof2026across

movement categories defined by the Basel Committee on Banking Supervision (the BCBS).

Credit risk RWA under the IRB approach decreased

by USD 2.8bn to USD 196.4bn during the thirdquarter of 2026. This

balance reflects credit risk under the IRB approach, including the supervisory slotting approach.

Movements in asset size resulted in a

USD 1.0bn decrease in RWA, mainly reflecting adecrease in cash and balances at

central banks, partly offset by an increase in loans and loan commitments across the business divisions.

Movements in asset quality increased RWA by USD 2.8bn, mainly due to changes in portfolio distribution resulting from

a reduction in cash and balances at central banks.

Model updates increased RWA by USD 0.3bn.

Methodology

andpolicychangesresultedinaUSD 1bndecreaseinRWA,mainlydrivenbythereclassificationof

exposures from the IRB approach to the standardized approach.

Currency effects,

driven bythe strengtheningof theUS dollaragainst othermajor currencies,resulted ina USD 3.8bn

decrease in RWA.

›

Refer to “Definitions of credit risk and counterparty credit risk RWA

movement table components for CR8 and CCR7” in the

“Credit risk” section of the 31 December 2025 Pillar 3 Report, available under “Pillar 3 disclosures”

ubs.com/investors

, for

definitions of credit risk RWA movement table components

30 September 2026 Pillar 3 Report |

UBS Group | Risk-weighted assets

CR8: RWA flow statements of credit risk exposures under IRB

USD m

For the quarter

ended 30.9.26

RWA as of the beginning of the quarter

199,244

Asset size

(1,036)

Asset quality

2,827

Model updates

294

Methodology and policy

(1,047)

Acquisitions and disposals

Foreign exchange movements

(3,839)

Other

RWA as of the end of the quarter

196,443

RWA flow statements of counterparty credit risk exposures under the internal model method and VaR

The CCR7

table belowpresents aflow statementexplaining movementsin CCRRWAdetermined underthe IMMfor

derivatives and the VaR approach for SFTs

across movement categories defined by FINMA and the BCBS.

During the third

quarter of 2026,RWA for derivatives subjectto the IMM approachdecreased by USD 0.3bn,primarily

reflecting market-driven

movements inthe InvestmentBank. TheUSD 0.7bn decreasein RWAfor SFTsunder theVaR

approach was mainly driven by methodology changes relating to the margin period of risk.

›

Refer to “Definitions of credit risk and counterparty credit risk RWA

movement table components for CR8 and CCR7” in the

“Credit risk” section of the 31 December 2025 Pillar 3 Report, available under “Pillar 3 disclosures”

ubs.com/investors

, for

definitions of CCR RWA movement table components

CCR7: RWA flow statements of CCR exposures under the internal model method (IMM) and value-at-risk (VaR)

For the quarter ended 30.9.26

USD m

Derivatives

SFTs

Total

Subject to IMM

Subject to VaR

RWA as of the beginning of the quarter

14,465 8,008 22,473

Asset size

(10) 242 231

Credit quality of counterparties

(370) (278) (649)

Model updates

101 (75) 26

Methodology and policy

0 (568) (568)

Acquisitions and disposals

Foreign exchange movements

(46) (29) (75)

Other

RWA as of the end of the quarter

14,139 7,299 21,438

RWA flow statements of CVA risk exposures under SA-CVA

The

CVA4tablebelowshowsthemovementsinRWAforCVAriskdeterminedundertheSA-CVA.SA-CVARWA

decreased

byUSD 0.5bntoUSD 4.5bnduringthethirdquarterof2026,mainlydrivenbythematurityextensionof

hedges, as well as reduced exposures.

CVA4: RWA

flow statements of CVA risk exposures under SA-CVA

USD m

Total RWA

RWA as of 30.6.26

5,001

RWA as of 30.9.26

4,503

30 September 2026 Pillar 3 Report |

UBS Group | Going and gone concern requirements and eligible capital

Going and gone concern requirements and eligible

capital

The

tablebelowprovidesdetailsoftheSwisssystemicallyrelevantbank(SRB)goingandgoneconcerncapital

requirements as required by the Swiss Financial Market Supervisory Authority (FINMA).

›

Refer to the “Capital management” section of the UBS Group third quarter 2026

report,available under “Quarterly reporting” at

ubs.com/investors

, for more information about capital management

Swiss SRB going and gone concern requirements and information

As of 30.9.26

RWA

LRD

USD m, except where indicated

in %

Required going concern capital

Total going concern capital

15.18

75,323 5.08

80,751

Common equity tier 1 capital

10.82

53,663 3.58

56,884

of which: minimum capital

4.50 22,325 1.50 23,867

of which: buffer capital

5.72 28,358 2.08 33,016

of which: countercyclical buffer

0.44 2,203

Maximum additional tier 1 capital

4.37

21,660 1.50 23,867

of which: additional tier 1 capital

3.50 17,364 1.50 23,867

of which: additional tier 1 buffer capital

0.80 3,969

Eligible going concern capital

Total going concern capital

19.33 95,909 6.03 95,909

Common equity tier 1 capital

14.74 73,117 4.60 73,117

Total loss-absorbing additional tier 1 capital

4.59

22,792 1.43 22,792

of which: high-trigger loss-absorbing additional tier 1 capital

4.59 22,792 1.43 22,792

Required gone concern capital

Total gone concern loss-absorbing capacity

5,6,7

10.89

54,012 3.81

60,563

of which: base requirement including add-ons for market share and LRD

10.89 54,012 3.81 60,563

Eligible gone concern capital

Total gone concern loss-absorbing capacity

18.30 90,801 5.71 90,801

TLAC-eligible senior unsecured debt

18.30 90,800 5.71 90,800

Total loss-absorbing capacity

Required total loss-absorbing capacity

26.07 129,335 8.88 141,314

Eligible total loss-absorbing capacity

37.63 186,709 11.73 186,709

Risk-weighted assets / leverage ratio denominator

Risk-weighted assets

496,111

Leverage ratio denominator

1,591,152

1 Includes applicable add-ons of 1.88% for risk-weighted assets (RWA) and 0.58% for leverage ratio denominator (LRD). For the RWA-based requirement

the add-on includes 0.86% for market share, 0.79% for LRD

and 0.22% reflecting a Pillar 2 capital add-on for the residual exposure (after collateral mitigation)

to hedge funds, private equity and family offices,effective 1 January 2025. For the LRD-based requirement the add-

on includes 0.30% for market share and 0.28% for LRD.

2 Includes the Pillar 2 add-on for the residual exposure (after collateral mitigation) to hedge funds, private equity and family officesof 0.16% for CET1 capital

and 0.07% for AT1 capital,

effective 1 January 2025. ForAT1 capital under Pillar 1requirements a maximum of4.3% of AT1 capital can beused to meet goingconcern requirements; 4.37% includes theaforementioned

Pillar 2 capital add-on.

3 Our CET1 leverage ratio requirement of 3.58% consists of a 1.5% base requirement, a 1.5% base buffercapital requirement, a 0.28% LRD add-on requirement and a 0.30% market share

add-on requirement based on our Swiss credit business.

4 UBS meets its minimum going concern capital requirementswith CET1 capital and AT1 capital.As UBS exceeds its minimum going concern requirements,

the actual available and eligible AT1 capital is above the AT1 capital used to meet

the minimum requirements (which is capped at 4.37% as explainedin footnote 2 above).5 A maximum of 25% of the gone concern

requirements can be met

with instruments that havea remaining maturity ofbetween one and twoyears. Once atleast 75% of theminimum gone concern requirementhas been met withinstruments that have a

remaining maturity of greater than two years, all instruments that

have a remaining maturity of between one and two years remain eligibleto be included in the total gone concern capital.6 Systemically important

banks (SIBs) are subject to

base gone concern capitalrequirements equivalent to 75%of the total going concernrequirements (excluding countercyclicalbuffer requirements and thePillar 2 add-on).7 The Swiss

Financial Market Supervisory

Authority (FINMA) has theauthority to impose asurcharge of up to25% of the totalgoing concerncapital requirements (excluding countercyclicalbuffer requirements and thePillar 2

add-on) should obstacles to an SIB’s resolvability be identified in future resolvability assessments.

8 Includes applicable add-ons of 1.24% for RWA and 0.43% for LRD.9 Includes an add-back of 45% of unrealized

gains from financial assets measured at fair value through other comprehensive income. Such gains

do not qualify as CET1 capital, but 45% of these gains can be recognized as gone concern capital.

30 September 2026 Pillar 3 Report |

UBS Group | Leverage ratio

Leverage ratio

Basel III leverage ratio

The Basel Committee on Banking Supervision (the BCBS) leverage ratio, as summarized in the “KM1: Key metrics”

table

section2ofthisreport,iscalculatedbydividingtheperiod-endtier 1capitalbytheperiod-endleverageratio

denominator (the LRD).

The LRD consists of on-balance sheet assets

and off-balance sheet items based on IFRSAccounting Standards. Derivative

exposures are adjusted

for netting ofreplacement values andeligible cash variationmargin, potential futureexposure,

and net

notional amountsfor writtencredit derivatives.The LRDalso includesan additionalcharge forcounterparty credit

risk related to securities financing transactions (SFTs).

On-balance

sheetitems(excludingderivatives andsecurities financingtransactions(SFTs),butincludingcollateral),as

disclosed in

the LR2 tablein this section,differ fromIFRS Accounting Standardstotal assets dueto adjustments tothe

former for

the applicationof theregulatory scopeof consolidationand dueto thecarrying amountsfor derivativefinancial

instruments and SFTs,

which areremoved and replacedwith exposures, asper the leverageratio rules, inseparate line

items in the LR2 table.

Difference between the Swiss systemically relevant bank leverage ratio and the BCBS leverage ratio

The LRD is the

same under Swiss systemicallyrelevant bank (SRB) andBCBS rules. However,there is a differencein the

capital numerator between

the two frameworks.Under BCBS rules onlycommon equity tier 1 andadditional tier 1 (AT1)

capital are included in the

numerator.Under Swiss SRB rules UBS isrequired to meet goingand gone concern leverage

ratio requirements.

Therefore, dependingon therequirement, thenumerator includes tier1 capitalinstruments, tier 2

capital instruments and / or total loss-absorbing capacity-eligible senior unsecured debt.

LR1: Summary comparison of accounting assets vs leverage ratio exposure measure

USD m

30.9.26

30.6.26

Total consolidated assets as per published financial statements

1,655,168 1,707,284

Adjustment for investments in banking, financial, insurance or commercial entities that are consolidated for accounting purposes but outside the

scope of regulatory consolidation

(23,094) (23,135)

Adjustment for securitized exposures that meet the operational requirements for the recognition of risk transference

Adjustments for temporary exemption of central bank reserves (if applicable)

Adjustment for fiduciary assets recognized on the balance sheet pursuant to the operative accounting framework but excluded from the leverage

ratio exposure measure

Adjustments for regular-way purchases and sales of financial assets subject to trade date accounting

Adjustments for eligible cash pooling transactions

Adjustments for derivative financial instruments

(103,888) (97,069)

Adjustment for securities financing transactions (i.e. repos and similar secured lending)

11,508 12,331

Adjustment for off-balance sheet items (i.e. conversion to credit equivalent amounts of off-balance sheet exposures)

59,983 60,049

Adjustments for prudent valuation adjustments and specific and general provisions which have reduced Tier 1 capital

(707) (639)

Other adjustments

(7,817) (9,071)

12a

of which: asset amounts deducted in determining Tier 1 capital

(10,780) (11,332)

12b

of which: consolidated entities under the regulatory scope of consolidation

Leverage ratio exposure

1,591,152 1,649,751

1 Reflects the shortfall to expected losses on advanced internal ratings-based (IRB) portfolio less general

provisions. Deduction items other than the IRB shortfall are disclosed in row 12a.

30 September 2026 Pillar 3 Report |

UBS Group | Leverage ratio

LR2: Leverage ratio common disclosure

USD m, except where indicated

30.9.26

30.6.26

On-balance sheet exposures

On-balance sheet items (excluding derivatives and securities financing transactions (SFTs), but including collateral)

1,310,007 1,348,019

Gross-up for derivatives collateral provided where deducted from balance sheet assets pursuant to the operative accounting framework

(Deductions of receivable assets for cash variation margin provided in derivatives transactions)

(32,846) (36,489)

(Adjustment for securities received under securities financing transactions that are recognised as an asset)

(Specific and general provisions associated with on-balance sheet exposures that are deducted from Tier 1 capital)

(686) (673)

(Asset amounts deducted in determining Tier 1 capital)

(10,780) (11,332)

Total on-balance sheet exposures (excluding derivatives and SFTs)

1,265,694

1,299,525

Derivative Exposures

Replacement cost associated with all derivatives transactions (where applicable net of eligible cash variation margin and/or with bilateral netting)

49,509 53,118

Add-on amounts for potential future exposure associated with all derivatives transactions

98,552 105,177

(Exempted qualifying central counterparty (QCCP) leg of client-cleared trade exposures)

(29,206) (26,558)

Adjusted effective notional amount of all written credit derivatives

155,857 76,817

(Adjusted effective notional offsets and add-on deductions for written credit derivatives)

(154,890) (75,962)

Total derivative exposures

119,821

132,592

Securities financing transaction exposures

Gross SFT assets (with no recognition of netting), after adjusting for sale accounting transactions

258,037 270,496

(Netted amounts of cash payables and cash receivables of gross SFT assets)

(123,870) (125,276)

Counterparty credit risk exposure for SFT assets

11,508 12,331

Agent transaction exposures

Total securities financing transaction exposures

145,675

157,550

Other off-balance sheet exposures

Off-balance sheet exposure at gross notional amount

189,398 193,744

(Adjustments for conversion to credit equivalent amounts)

(129,414) (133,694)

(Specific and general provisions associated with off-balance sheet exposures deducted in determining Tier 1 capital)

(21) 34

Total off-balance sheet items

59,962 60,083

Capital and total exposures (leverage ratio denominator), phase-in

Tier 1 capital

95,909 95,977

Total exposures (leverage ratio denominator)

1,591,152 1,649,751

Leverage ratio

Basel III leverage ratio (%) (including the impact of any applicable temporary exemption of central bank reserves)

6.03 5.82

25a

Basel III leverage ratio (%) (excluding the impact of any applicable temporary exemption of central bank reserves)

6.03 5.82

Leverage ratio minimum requirement (%)

3.00 3.00

Leverage ratio buffers (%)

2.08 2.08

Disclosure of mean values

Mean value of gross SFT assets, after adjustment for sale accounting transactions and netted of amounts of associated cash payables and cash

receivables

147,109 152,121

Quarter-end value of gross SFT assets, after adjustment for sale accounting transactions and netted of amounts of associated cash payables

and

cash receivables

134,166 145,220

Total exposures (including the impact of any applicable temporary exemption of central bank reserves) incorporating mean values from row 28 of

gross SFT assets (after adjustment for sale accounting transactions and netted of amounts of associated cash payables and cash receivables)

1,604,095 1,656,652

30a

Total exposures (excluding the impact of any applicable temporary exemption of central bank reserves) incorporating mean values from row 28

of gross SFT assets (after adjustment for sale accounting transactions and netted of amounts of associated cash payables and cash receivables)

1,604,095 1,656,652

Basel III leverage ratio (%) (including the impact of any applicable temporary exemption of central bank reserves) incorporating mean values from

row 28 of gross SFT assets (after adjustment for sale accounting transactions and netted of amounts of associated cash payables and cash

receivables)

5.98 5.79

31a

Basel III leverage ratio (%) (excluding the impact of any applicable temporary exemption of central bank reserves) incorporating mean values

from row 28 of gross SFT assets (after adjustment for sale accounting transactions and netted of amounts of associated cash payables and cash

receivables)

5.98 5.79

1 Includes protection sold,

including agency transactions.2 Protection sold canbe offset withprotection bought onthe same underlyingreference entity,provided that theconditions according tothe Basel III

leverage ratio framework

and disclosure requirements are met.3 There is currently notemporary exemption of centralbank reserves for UBS.4 The total Swiss SRBleverage ratio requirement iscomposed of a

base requirement and a buffer requirement. The total requirement is above the BCBS leverage ratio

requirement, including the G-SIB buffer.

LRD development during the third quarter of 2026

During the third

quarter of 2026,the LRD decreasedby USD 58.6bn toUSD 1,591.2bn, driven bya USD 38.3bn decrease

from asset size and other movements and a USD 20.3bn decrease from currency effects.

On-balance sheet

exposures (excludingderivatives andsecurities financingtransactions) decreasedby USD 33.8bn,mainly

due to

currency effectsof USD 18.6bnand assetsize andother movementsof USD 15.2bn.The assetsize andother

movements were mainly due to a decrease in cash and balances at central banks, partly

offset by an increase in lending

assets, mainly reflecting positive net new loans in Global Wealth Management and Personal & Corporate Banking.

Derivative

exposuresdecreasedbyUSD12.8bn,mainlyduetoassetsizeandothermovementsofUSD 12.5bnand

currency effects of

USD 0.2bn. The assetsize andother movements weremainly due toa methodology changein the

calculation of potential

future exposure,which primarily impactedcertain short-dated derivativesin the InvestmentBank.

30 September 2026 Pillar 3 Report |

UBS Group | Leverage ratio

Securities financing transaction exposures

decreased by USD 11.9bn,mainly due to assetsize and othermovements of

USD 11.1bn

andcurrencyeffectsofUSD 0.7bn.Theassetsizeandothermovementsweremainlyreflectedlower

collateral sourcing requirements, partly offset by a net increase in cash reinvestments.

Off-balance sheet items decreased

by USD 0.1bn, mainly dueto currency effects of USD 0.7bn,partly offset by asset size

and other movements

of USD 0.6bn. Theasset size andother movementswere mainly dueto forward startingreverse

repurchase

agreements,reflectinganincreaseinbusinessactivity,partlyoffsetbydecreasesinirrevocableloan

commitments in Global Wealth Management, driven by higher utilization of credit lines.

›

Refer to “Leverage ratio denominator” in the “Capital management”

section of the UBS Group third quarter 2026 report,available

under “Quarterly reporting” at

ubs.com/investors

, for more information

Liquidity and funding

Liquidity coverage ratio

We monitor the liquidity coverage ratio (the LCR) in all significant currencies in order to manage any currency mismatch

between high-quality liquid assets (HQLA) and the net expected cash outflows in times of stress.

Further key information

UBS Group third quarter 2026 report section

Disclosure

UBS Group third quarter

2026 report page number

Concentration of funding sources

Balance sheet and off-balance sheet

Customer deposits, by currency

High-quality liquid assets

HQLA must be

easily and immediatelyconvertible into cashat little orno loss ofvalue, especially duringa period ofstress.

HQLA are

assets thatareof lowrisk andareunencumbered. Othercharacteristics ofHQLA areease andcertainty of

valuation, low correlation

with risky assets,listing of theassets on adeveloped and recognizedexchange, existence of

an active and sizable market for

the assets, and low volatility.Our HQLA predominantly consist ofassets that qualify as

Level 1 in the LCR

framework, including cash,central bank reserves andgovernment bonds. Inthe third quarter of2026,

our HQLA decreased by USD 17.5bn to USD 324.3bn, mainly reflecting lower cash available from decreases in customer

deposits, primarily from currency effects, and

in debt issued atamortized cost, partly offsetby higher cash availablefrom

lower lending assets.

High-quality liquid assets (HQLA)

Average 3Q26

Average 2Q26

USD m

Level 1

weighted

liquidity

value

Level 2

weighted

liquidity

value

Total

weighted

liquidity

value

Level 1

weighted

liquidity

value

Level 2

weighted

liquidity

value

Total

weighted

liquidity

value

Cash balances

203,605

217,395

Securities (on- and off-balance sheet)

95,235

25,464

120,699

97,517

26,880

124,397

Total HQLA

298,840

25,464

324,304

314,912

26,880

341,792

1 Calculated based on an average of 66

data points in the third quarter of2026 and 60 data points in thesecond quarter of 2026.2 Calculated after the application of haircutsand, where applicable, caps on Level 2

assets.

3 Includes cash and balances with central banks and other eligible balances as prescribed by FINMA.4 Calculated in accordance with FINMA requirements.

30 September 2026 Pillar 3 Report |

UBS Group | Liquidity and funding

Liquidity coverage ratio development during the third quarter of 2026

The quarterly average

LCR of theUBS Group increased1.4 percentage pointsto 178.7%, remainingabove the prudential

requirement communicated by the Swiss Financial Market Supervisory Authority (FINMA).

Average net cash

outflows decreased byUSD 11.4bn to USD 181.5bn,primarily reflecting loweroutflows from customer

deposits and higher net inflows from

securities financing transactions, partly offsetby lower inflows from lending assets.

The effect

of thedecrease innet cashoutflows waspartly offsetby aUSD 17.5bn decreasein averageHQLA,

mainly

reflecting

lower cash available from

decreases in customer deposits,primarily from currency effects,and in debt issuedat

amortized cost, partly offset by higher cash available from lower lending assets.

LIQ1: Liquidity coverage ratio (LCR)

Average 3Q26

Average 2Q26

USD m

Unweighted

value

Weighted

value

Unweighted

value

Weighted

value

High-quality liquid assets (HQLA)

Total HQLA

329,699

324,304

347,280

341,792

Cash outflows

Retail deposits and deposits from small business customers

380,758

43,994

390,606

45,105

of which: stable deposits

31,011

1,108

31,767

1,141

of which: less stable deposits

349,747

42,886

358,840

43,963

Unsecured wholesale funding

299,015

155,424

308,412

162,498

of which: operational deposits (all counterparties)

62,659

15,665

63,721

15,930

of which: non-operational deposits (all counterparties)

220,089

123,493

227,627

129,504

of which: unsecured debt

16,267

17,064

Secured wholesale funding

125,936

124,765

Additional requirements:

119,336

43,963

115,440

44,358

of which: outflows related to derivatives and other transactions

29,881

25,117

31,915

26,707

of which: outflows related to loss of funding on debt products

380

230

of which: committed credit and liquidity facilities

89,075

18,467

83,294

17,421

Other contractual funding obligations

33,433

31,320

35,542

33,163

Other contingent funding obligations

353,376

19,741

359,017

18,272

Total cash outflows

420,378

428,160

Cash inflows

Secured lending

455,182

167,606

455,148

159,414

Inflows from fully performing exposures

75,578

33,193

79,130

34,791

Other cash inflows

38,094

41,078

Total cash inflows

568,854

238,894

575,356

235,283

Average 3Q26

Average 2Q26

USD m, except where indicated

Total adjusted

value

Total adjusted

value

Liquidity coverage ratio (LCR)

Total HQLA

324,304

341,792

Net cash outflows

181,484

192,877

LCR (%)

178.68 177.28

1 Calculated based

on an averageof 66 datapoints in thethird quarter of2026 and 60data points inthe second quarterof 2026.2 Calculated after theapplication of haircutsand inflow andoutflow rates.

3 Includes outflows related to loss

of funding on asset-backedsecurities, covered bonds,other structured financing instruments,asset-backed commercial papers,structured entities (conduits), securities investment

vehicles and other such financing facilities.

4 Calculated after the application of haircuts and inflow and outflow rates, as wellas, where applicable, caps on Level 2 assets and cash inflows.

30 September 2026 Pillar 3 Report |

Significant regulated subsidiaries and sub-groups | Introduction

Significant regulated subsidiaries

and sub-groups

Introduction

Scope of disclosures in these sections

The sections below include capital and other regulatory information as of 30 September 2026 for UBS AG consolidated,

UBS AG

standalone,UBS Switzerland AGstandalone,UBS Europe SEconsolidatedandUBS Americas Holding LLC

consolidated.

CapitalinformationinthefollowingsectionsisbasedonPillar 1capitalrequirements.Entitiesmaybe

subject to significant

additional Pillar 2 requirements,which represent additionalamounts of capitalconsidered necessary

and are agreed with regulators based on the risk profile of the respective entity.

UBS AG consolidated

Key metrics for the third quarter of 2026

The

tablebelowisbasedontheSwissFinancialMarketSupervisoryAuthority(FINMA)OrdinanceontheDisclosure

Obligations of Banks and Securities Firms (DisO-FINMA) rules and IFRS Accounting Standards.

During the

third quarterof 2026,tier 1 capitaldecreased byUSD 0.7bn toUSD 94.1bn. Commonequity tier 1(CET1)

capital was stable at

USD 71.6bn, mainly as operating profitbefore tax of USD 3.1bnwas offset by additional dividend

accruals of

USD 1.8bn, negativeforeign currencytranslation effectsof USD 0.7bnand currenttax expensesof USD 0.6bn.

Additional

tier 1(AT1)capitalissuedbytheGroupandonlenttoUBS AGdecreasedbyUSD 0.7bntoUSD 22.5bn,

reflecting negative impacts from interest rate risk hedge, foreign currency translation and other effects.

Risk-weighted assets

(RWA) decreasedby USD 6.8bnto USD 493.6bn,driven bya USD 4.6bndecrease fromcurrency

effects, a USD

2.0bn decreaseresulting fromasset sizeand other movements,and a USD 0.2bndecrease drivenby model

updates and

methodology changes. Theasset sizeand othermovements included aUSD 1.0bn decrease incredit and

counterparty credit risk RWA, mainly due to market-driven

movements in derivatives in Global Wealth Managementand

the Investment Bank and lower

RWA on loans and loancommitments in Global WealthManagement, partly offset byan

increase

inloansandloancommitmentsandamountsduefrombanksintheInvestmentBank.MarketriskRWA

decreased by USD 0.8bn, primarily

reflecting asset size andother movements, with adecrease in Group Treasurypartly

offset by an increase in the Investment Bank.

The

leverage ratiodenominator (theLRD)decreased byUSD 56.7bn toUSD 1,593.5bn, mainlyduetoaUSD 36.4bn

decrease from

asset sizeand othermovements anda USD 20.3bndecrease fromcurrency effects.The assetsize and

other movements included a USD 13.2bn decrease in on-balance sheet exposures, driven by lower cash and balances at

central

banks,partlyoffsetbyanincreaseinlendingassets,mainlyinGlobalWealthManagementandPersonal&

Corporate Banking. In addition, there was a USD 12.6bn decrease in derivative exposures,

mainly due to a methodology

change in

the calculationof potentialfuture exposure,which primarilyimpacted certainshort-dated derivativesin the

Investment

Bank,andanUSD 11.1bndecreaseinsecuritiesfinancingtransactionexposures,mainlyreflectinglower

collateral sourcing requirements, partly offset by a net increase in cash reinvestments.

Correspondingly, the CET1 capital ratio

of UBS AG consolidated increased to14.5% from 14.3%, mostly reflectingthe

aforementioned

decreaseinRWA.TheBasel IIIleverageratioincreasedto5.9%from5.7%,reflectingthe

aforementioned decrease in the LRD, partly offset by the aforementioned decrease in tier 1 capital.

30 September 2026 Pillar 3 Report |

Significant regulated subsidiaries and sub-groups | UBS AG consolidated

The

quarterlyaverageliquiditycoverageratioof

UBS AG

consolidated

increased2.0 percentagepointsto

174.5%,

remaining

above the

prudential requirementcommunicated byFINMA. Averagenet cashoutflows decreased

by USD 12.5bn to USD 185.9bn, primarily

reflecting lower outflows from customerdeposits and higher net inflowsfrom

securities financing transactions, partly

offset by lower inflowsfrom lending assets. Theeffect of the decreasein net cash

outflows

waspartlyoffsetbyaUSD 17.5bndecreaseinaveragehigh-qualityliquidassetstoUSD 324.5bn,

mainly

reflecting

lower cash available from

decreases in customer deposits,primarily from currency effects,and in debt issuedat

amortized cost, partly offset by higher cash available from lower lending assets.

As of 30 September

2026, the netstable funding ratioof UBS AG consolidateddecreased by 0.5 percentagepoints to

114.2%, remaining above the

prudential requirement communicated byFINMA. Available stable fundingdecreased by

USD 11.4bn to USD 881.2bn,

mainly driven by lowerdebt issued at amortizedcost, capital instrumentson lent from UBS

Group AG

and regulatorycapital. Requiredstable fundingdecreased byUSD 6.8bn toUSD 771.6bn, mainlyreflecting

lower trading assets and a decrease in lending assets, primarily from currency effects.

KM1: Key metrics

USD m, except where indicated

30.9.26

30.6.26

31.3.26

31.12.25

30.9.25

Available capital (amounts)

Common Equity Tier 1 (CET1)

71,601 71,637 70,867 70,394 71,460

Tier 1

94,051 94,780 94,129 89,993 91,425

Total capital

94,051 94,783 94,139 90,018 91,425

Risk-weighted assets (amounts)

Total risk-weighted assets (RWA)

493,617 500,420 497,433 489,775 502,425

Total risk-weighted assets (pre-floor)

493,617 500,420 497,433 489,775 502,425

Minimum capital requirement

39,489 40,034 39,795 39,182 40,194

Risk-based capital ratios as a percentage of RWA

Common equity tier 1 ratio (%)

14.51 14.32 14.25 14.37 14.22

Common equity tier 1 ratio (%) (pre-floor)

14.51 14.32 14.25 14.37 14.22

Tier 1 ratio (%)

19.05 18.94 18.92 18.37 18.20

Tier 1 ratio (%) (pre-floor)

19.05 18.94 18.92 18.37 18.20

Total capital ratio (%)

19.05 18.94 18.92 18.38 18.20

Total capital ratio (%) (pre-floor)

19.05 18.94 18.92 18.38 18.20

Additional CET1 buffer requirements as a percentage of RWA

Capital conservation buffer requirement (%)

2.50 2.50 2.50 2.50 2.50

Countercyclical buffer requirement (%)

0.12 0.12 0.11 0.11 0.11

Additional countercyclical buffer for Swiss mortgage loans (%)

0.33 0.34 0.33 0.39 0.33

Bank G-SIB and / or D-SIB additional requirements (%)

Total of bank CET1 specific buffer requirements (%)

2.62 2.62 2.61 2.61 2.61

CET1 available after meeting the bank’s minimum capital requirements (%)

10.01 9.82 9.75 9.87 9.72

Basel III leverage ratio

Total Basel III leverage ratio exposure measure

1,593,452 1,650,139 1,655,400 1,622,921 1,642,843

Basel III leverage ratio (%) (including the impact of any applicable temporary

exemption of central bank reserves)

5.90 5.74 5.69 5.55 5.57

14b

Basel III leverage ratio (%) (excluding the impact of any applicable temporary

exemption of central bank reserves)

5.90 5.74 5.69 5.55 5.57

14c

Basel III leverage ratio (%) (including the impact of any applicable temporary

exemption of central bank reserves) incorporating mean values for SFT assets

5.85 5.72 5.68 5.51 5.55

14d

Basel III leverage ratio (%) (excluding the impact of any applicable temporary

exemption of central bank reserves) incorporating mean values for SFT assets

5.85 5.72 5.68 5.51 5.55

14e

Minimum capital requirements

47,804 49,504 49,662 48,688 49,285

Liquidity coverage ratio (LCR)

Total high-quality liquid assets (HQLA)

324,478 341,984 334,144 331,745 346,734

Total net cash outflow

185,934 198,399 193,898 188,446 193,817

16a

of which: cash outflows

426,657 435,505 425,438 398,805 393,826

16b

of which: cash inflows

240,723 237,106 231,541 210,360 200,009

LCR (%)

174.49

172.46

172.39

176.24

178.96

Net stable funding ratio (NSFR)

Total available stable funding

881,244 892,675 887,341 873,515 887,444

Total required stable funding

771,638 778,394 764,273 755,278 748,303

NSFR (%)

114.20

114.68

116.10

115.65

118.59

1 Calculated as 8% of total RWA, based

on total capital minimum requirements,excluding CET1 buffer requirements.2 Swiss SRB going and gone concern requirementsand information for UBS AG consolidated

are provided below in this section.

3 Excludes non-BCBS capital buffer requirements for risk-weighted positions that are directly or indirectly backed by residential properties in Switzerland.4 Represents the CET1

ratio that is available

to meet buffer requirements.Calculated as the CET1ratio minus the BCBSCET1 capital requirement and,where applicable, minusthe BCBS tier 2capital requirement met withCET1 capital.

5 There is currently no temporary

exemption of central bank reservesfor UBS.6 The higher of capital requirementsbased on 8% of RWA or3% of LRD.7 Calculated after the application of haircutsand inflow

and outflow rates, as

well as, where applicable,caps on Level 2 assetsand cash inflows. Calculatedbased on an average of66 data points in thethird quarter of 2026 and60 data points in the secondquarter of

2026. For the prior-quarter data points,

refer to the respective Pillar 3 Report, available under “Pillar 3 disclosures” at ubs.com/investors,for more information.

30 September 2026 Pillar 3 Report |

Significant regulated subsidiaries and sub-groups | UBS AG consolidated

Swiss systemically relevant bank going and gone concern requirements and information

The tables below provide

details of the Swisssystemically relevant bank RWA-and LRD-based going andgone concern

requirements and

information asrequired byFINMA; detailsregarding eligiblegone concerninstruments arealso provided

below.

Outstanding

totalloss-absorbingcapacity-eligibleunsecureddebtinstrumentsareeligibletomeetgoneconcern

requirements until one year before maturity.

More information

about thegoing andgone concernrequirements isprovided inthe “Totalloss-absorbing capacity”

section of the UBS AG Annual Report 2025, available under “Annual reporting” at

ubs.com/investors.

Swiss SRB going and gone concern requirements and information

As of 30.9.26

RWA

LRD

USD m, except where indicated

in %

Required going concern capital

Total going concern capital

15.20

75,027 5.08

80,908

Common equity tier 1 capital

10.83

53,474 3.58

57,006

of which: minimum capital

4.50 22,213 1.50 23,902

of which: buffer capital

5.72 28,215 2.08 33,064

of which: countercyclical buffer

0.45 2,229

Maximum additional tier 1 capital

4.37

21,553 1.50 23,902

of which: additional tier 1 capital

3.50 17,277 1.50 23,902

of which: additional tier 1 buffer capital

0.80 3,949

Eligible going concern capital

Total going concern capital

19.05 94,051 5.90 94,051

Common equity tier 1 capital

14.51 71,601 4.49 71,601

Total loss-absorbing additional tier 1 capital

4.55

22,450 1.41 22,450

of which: high-trigger loss-absorbing additional tier 1 capital

4.55 22,450 1.41 22,450

Required gone concern capital

Total gone concern loss-absorbing capacity

5,6,7

10.89 53,740 3.81 60,651

of which: base requirement including add-ons for market share and LRD

10.89

53,740 3.81

60,651

Eligible gone concern capital

Total gone concern loss-absorbing capacity

18.11 89,382 5.61 89,382

TLAC-eligible unsecured debt

18.11 89,382 5.61 89,382

Total loss-absorbing capacity

Required total loss-absorbing capacity

26.09 128,767 8.88 141,558

Eligible total loss-absorbing capacity

37.16 183,433 11.51 183,433

Risk-weighted assets / leverage ratio denominator

Risk-weighted assets

493,617

Leverage ratio denominator

1,593,452

1 Includes applicable add-ons

of 1.89% for risk-weightedassets (RWA) and0.58% for leverageratio denominator (LRD).For the RWA-based requirement theadd-on includes 0.86%for market share,0.79% for

LRD, 0.22% reflecting a

Pillar 2 capital add-on forthe residual exposure (after collateralmitigation) to hedge funds,private equity and family offices,effective 1 January 2025, and1 basis point reflecting aPillar 2

capital add-on of USD 40m related to the supply chain finance funds matter at Credit Suisse. For

the LRD-based requirement the add-on includes 0.30% for market share and 0.28% for LRD.2 Includes the Pillar 2

add-on for the residual exposure

(after collateral mitigation) tohedge funds, privateequity and family officesof 0.16% for CET1capital and 0.07% forAT1 capital, effective1 January 2025. ForAT1 capital under

Pillar 1 requirements a

maximum of 4.3% ofAT1 capital canbe used to meetgoing concern requirements; 4.37%includes the aforementionedPillar 2 capital add-on.3 Our CET1 leverageratio requirement of

3.58% consists of a 1.5% base requirement,

a 1.5% base buffer capital requirement, a0.28% LRD add-on requirement and a0.30% market share add-on requirementbased on our Swiss credit business.4 UBS

meets its minimum going

concern capital requirementswith CET1 capitaland AT1 capital.As UBS exceedsits minimum goingconcern requirements, theactual available andeligible AT1 capitalis above theAT1

capital used to meet

the minimum requirements (whichis capped at 4.37%as explained in footnote2 above).5 A maximum of 25%of the gone concernrequirements can be metwith instruments that havea

remaining maturity of between one

and two years. Once at least75% of the minimum goneconcern requirement has been metwith instruments that have aremaining maturity of greater thantwo years, all instruments

that have

a remainingmaturity ofbetween oneand twoyears remaineligible tobe includedin thetotal goneconcern capital.6 Systemically importantbanks (SIBs)are subjectto basegone concerncapital

requirements equivalent to 75% of the total going concern requirements

(excluding countercyclical buffer requirements and the Pillar 2 add-ons).7 FINMA has the authority to impose a surcharge of up to 25%of

the total going concern

capital requirements (excluding countercyclical bufferrequirements and the Pillar 2add-ons) should obstacles to anSIB’s resolvability be identified in future resolvabilityassessments.8 Includes

applicable add-ons of 1.24% for RWA and 0.43% for LRD.

9 Includes an add-back of 45% of unrealized gains from financial assets measuredat fair value through other comprehensive income.Such gains do not

qualify as CET1 capital, but 45% of these gains can be recognized as gone concern capital.

30 September 2026 Pillar 3 Report |

Significant regulated subsidiaries and sub-groups | UBS AG consolidated

Swiss SRB going and gone concern information

USD m, except where indicated

30.9.26

30.6.26

Eligible going concern capital

Total going concern capital

94,051 94,780

Total tier 1 capital

94,051 94,780

Common equity tier 1 capital

71,601 71,637

Total loss-absorbing additional tier 1 capital

22,450 23,144

of which: high-trigger loss-absorbing additional tier 1 capital

22,450 23,144

Eligible gone concern capital

Total gone concern loss-absorbing capacity

89,382 93,760

TLAC-eligible unsecured debt

89,382 93,757

Total loss-absorbing capacity

183,433 188,540

Risk-weighted assets / leverage ratio denominator

Risk-weighted assets

493,617 500,420

Leverage ratio denominator

1,593,452 1,650,139

Capital and loss-absorbing capacity ratios (%)

Going concern capital ratio

19.1 18.9

of which: common equity tier 1 capital ratio

14.5 14.3

Gone concern loss-absorbing capacity ratio

18.1 18.7

Total loss-absorbing capacity ratio

37.2 37.7

Leverage ratios (%)

Going concern leverage ratio

5.9 5.7

of which: common equity tier 1 leverage ratio

4.5 4.3

Gone concern leverage ratio

5.6 5.7

Total loss-absorbing capacity leverage ratio

11.5 11.4

1 Includes an

add-back of45% of unrealizedgains fromfinancial assetsmeasured atfair valuethrough othercomprehensive income.Such gainsdo notqualify as CET1capital, but45% of thesegains canbe

recognized as gone concern capital.

UBS AG standalone

Key metrics for the third quarter of 2026

The

tablebelowisbasedontheSwissFinancialMarketSupervisoryAuthority(FINMA)OrdinanceontheDisclosure

Obligations of Banks and Securities Firms (DisO-FINMA) rules and IFRS Accounting Standards.

During the

third quarterof 2026,tier 1 capitaldecreased byUSD 1.4bn toUSD 98.0bn. Commonequity tier 1(CET1)

capital decreased by

USD 0.7bn to USD 75.5bn,mainly as operatingprofit before taxof USD 1.3bn wasmore than offset

by additional dividend accruals of USD 1.8bn. Additional tier 1 (AT1) capital issued by the Group and on lent to UBS AG

decreased

byUSD 0.7bntoUSD 22.5bn,reflectingnegativeimpactsfrominterestrateriskhedge,foreigncurrency

translation and other effects.

Risk-weighted assets (RWA) decreased

by USD 10.4bn to USD 500.3bn,primarily driven by aUSD 7.6bn decrease from

asset size and other

movements and a USD 2.8bndecrease from currency effects.The asset size andother movements

included an USD 8.0bn

decrease in creditand counterparty creditrisk RWA, primarilydriven by lowercollateral posted

by UBS AG to its subsidiaries and decreases in term funding from UBS AG to its subsidiaries.

The

leverageratiodenominator(theLRD)decreasedbyUSD 36.5bntoUSD 895.3bn,mainlyduetoaUSD 33.1bn

decrease from asset size

and other movementsand a USD 3.4bn decreasefrom currency effects.The asset size andother

movements included a USD 7.1bn decrease in on-balance sheet exposures, driven by lower cash and balances at central

banks, a

USD 10.4bn decreasein derivativesexposure, mainlydue toa methodologychange inthe calculationof potential

future exposure,

which primarilyimpacted certainshort-dated derivativesin theInvestment Bank,and anUSD 18.3bn

decrease

insecurities financingtransaction exposures,mainlyreflectinglower collateralsourcing requirements.These

decreases were

partly offsetby aUSD 2.6bn increasein off-balancesheet exposures,mainly reflectingincreases inforward

starting reverse repurchase agreements in Group Treasury.

Correspondingly,

theCET1capitalratioofUBS AGstandaloneincreasedto15.1%from14.9%,reflectingthe

aforementioned decrease

in RWA,partly offsetby theaforementioned decreasein CET1capital. TheBasel III leverage

ratio

increasedto10.9%from10.7%,reflectingtheaforementioneddecreaseintheLRD,partlyoffsetbythe

aforementioned decrease in tier 1 capital.

30 September 2026 Pillar 3 Report |

Significant regulated subsidiaries and sub-groups | UBS AG standalone

The

quarterlyaverageliquiditycoverageratio(theLCR)ofUBS AGstandaloneincreased4.2 percentagepointsto

221.0%,

remaining

above the prudential requirement communicated by

FINMA. The movement in the quarterly average

LCR was primarily driven by a USD 4.9bn decrease in average net cash

outflows to USD 66.4bn, mainly reflecting higher

net inflows from

securities financing

transactions andlower outflowsfrom customerdeposits. Average high-qualityliquid

assets decreased

by USD 7.7bnto USD 146.8bn,

mainly reflecting

lower cash

available fromhigher fundingof trading

assets, lower

debt issuedmeasured atamortized costand higherlending assets,partly offsetby highercash available

from lower funding provided to UBS Switzerland AG.

As of 30 September

2026, the netstable funding ratioof UBS AG standaloneincreased 0.3 percentage pointsto 91.1%,

remaining above the prudential

requirement communicated byFINMA. Available stable fundingdecreased by USD 4.5bn

to USD 402.4bn, mainly driven by lower capital instruments on

lent from UBS Group AG, debt issued atamortized cost

and regulatory capital,

partly offset byhigher intercompany andcustomer deposits. Requiredstable funding decreased

USD 6.3bntoUSD 441.8bn,mainlyreflectinglowertradingassetsandreceivablesfromsecuritiesfinancing

transactions.

KM1: Key metrics

USD m, except where indicated

30.9.26

30.6.26

31.3.26

31.12.25

30.9.25

Available capital (amounts)

Common Equity Tier 1 (CET1)

75,515 76,259 73,478 74,108 73,384

Tier 1

97,965 99,403 96,741 93,707 93,349

Total capital

97,965 99,406 96,750 93,731 93,349

Risk-weighted assets (amounts)

Total risk-weighted assets (RWA)

500,317 510,735 508,053 491,583 517,929

Total risk-weighted assets (pre-floor)

500,317 510,735 508,053 491,583 517,929

Minimum capital requirement

40,025 40,859 40,644 39,327 41,434

Risk-based capital ratios as a percentage of RWA

Common equity tier 1 ratio (%)

15.09 14.93 14.46 15.08 14.17

Common equity tier 1 ratio (%) (pre-floor)

15.09 14.93 14.46 15.08 14.17

Tier 1 ratio (%)

19.58 19.46 19.04 19.06 18.02

Tier 1 ratio (%) (pre-floor)

19.58 19.46 19.04 19.06 18.02

Total capital ratio (%)

19.58 19.46 19.04 19.07 18.02

Total capital ratio (%) (pre-floor)

19.58 19.46 19.04 19.07 18.02

Additional CET1 buffer requirements as a percentage of RWA

Capital conservation buffer requirement (%)

2.50 2.50 2.50 2.50 2.50

Countercyclical buffer requirement (%)

0.11 0.11 0.11 0.12 0.14

Additional countercyclical buffer for Swiss mortgage loans (%)

0.00 0.00

Bank G-SIB and / or D-SIB additional requirements (%)

Total of bank CET1 specific buffer requirements (%)

2.61 2.61 2.61 2.62 2.64

CET1 available after meeting the bank’s minimum capital requirements (%)

10.59 10.43 9.96 10.58 9.67

Basel III leverage ratio

Total Basel III leverage ratio exposure measure

895,259 931,761 927,504 929,979 952,112

Basel III leverage ratio (%) (including the impact of any applicable temporary

exemption of central bank reserves)

10.94 10.67 10.43 10.08 9.80

14b

Basel III leverage ratio (%) (excluding the impact of any applicable

temporary exemption of central bank reserves)

10.94 10.67 10.43 10.08 9.80

14c

Basel III leverage ratio (%) (including the impact of any applicable temporary

exemption of central bank reserves) incorporating mean values for SFT

assets

10.75 10.60 10.37 9.96 9.72

14d

Basel III leverage ratio (%) (excluding the impact of any applicable

temporary exemption of central bank reserves) incorporating mean values for

SFT assets

10.75 10.60 10.37 9.96 9.72

14e

Minimum capital requirements

40,025 40,859 40,644 39,327 41,434

Liquidity coverage ratio (LCR)

Total high-quality liquid assets (HQLA)

146,769 154,468 155,764 149,309 162,513

Total net cash outflow

66,420 71,304 67,431 63,723 67,644

16a

of which: cash outflows

265,662 273,944 264,467 249,107 244,306

16b

of which: cash inflows

199,242 202,639 197,036 185,384 176,662

LCR (%)

221.04

216.88 231.18 234.90 240.93

Net stable funding ratio (NSFR)

Total available stable funding

402,399 406,905 397,527 404,842 419,024

Total required stable funding

441,770 448,027 434,500 446,475 435,582

NSFR (%)

91.09

90.82

91.49

90.68

96.20

1 Based on phase-in rules for RWA. Refer to “Swiss systemically relevant bank going and gone concern requirements and information” below for more information.

2 Calculated as 8% of total RWA, based on total

capital minimum requirements, excluding CET1 buffer requirements.

3 Swiss SRB going and gone concern requirements and information for UBS AG standalone are provided below in this section.4 Excludes non-

BCBS capital buffer requirements for risk-weighted

positions that are directly or indirectly backedby residential properties in Switzerland.5 Represents the CET1 ratio that is availableto meet buffer requirements.

Calculated as the

CET1 ratio minusthe BCBS CET1capital requirement and,where applicable, minusthe BCBS tier2 capital requirementmet with CET1capital.6 There is currentlyno temporary exemptionof

central bank reserves for UBS.

7 The higher of capital requirements basedon 8% of RWA or 3% of LRD.8 Calculated after the application of haircuts and inflowand outflow rates, as well as,where applicable,

caps on Level 2 assets and cash inflows. Calculated based on an average of 66 data points in the third quarter of 2026 and 60 data points in the second quarter of 2026. For the prior-quarter data points, refer to the

respective Pillar 3 Report, available under “Pillar 3 disclosures” at ubs.com/investors, for more information.

9 In accordance with Art. 17h para. 3 and 4 of the Liquidity Ordinance, UBS AG standalone is required to

maintain a minimum NSFR of at least 80% without taking into account excess funding of UBS Switzerland AG and 100% after taking into account

such excess funding.

30 September 2026 Pillar 3 Report |

Significant regulated subsidiaries and sub-groups | UBS AG standalone

Swiss systemically relevant bank going and gone concern requirements and information

The tables below provide

details of the Swisssystemically relevant bank RWA-and LRD-based going andgone concern

requirements and

information asrequired byFINMA; detailsregarding eligiblegone concerninstruments arealso provided

below.

UBS AG standalone is

subject to agone concern capitalrequirement based onthe sum of:(i) the nominal valueof the

gone

concerninstrumentsissuedbyUBSentitiesandheldbytheparentfirm;(ii) 75%ofthegoingconcerncapital

requirements resulting from

third-party exposure ona standalone basis;and (iii) a bufferrequirement equal to30% of

the Group’s

gone concerncapital requirementon UBS AG’sconsolidated exposure.The goneconcern capitalrequirement

is the higher

of the RWA-and LRD-based requirements,calculated separately. Thegone concern capitalcoverage ratio

reflects

howmuchgoneconcerncapitalisavailabletomeetthegoneconcernrequirement.Outstandingtotalloss-

absorbing capacity-eligible

unsecured debtinstruments areeligible tomeet goneconcern requirementsuntil oneyear

before maturity.

More information about

the going andgone concern requirementsis provided inthe “UBS AG standalone”section of

the 31 December 2025 Pillar 3 Report, available under “Pillar 3 disclosures” at

ubs.com/investors.

Swiss SRB going and gone concern requirements and information

As of 30.9.26

RWA, phase-in

RWA, fully applied as of 1.1.28

LRD

USD m, except where indicated

in %

Required going concern capital

Total going concern capital

14.83

74,221 14.83

77,232 5.08

45,474

Common equity tier 1 capital

10.48

52,415 10.47

54,540 3.58 32,046

of which: minimum capital

4.50 22,514 4.50 23,440 1.50 13,429

of which: buffer capital

5.72 28,598 5.72 29,775 2.08 18,577

of which: countercyclical buffer

0.11 566 0.11 589

Maximum additional tier 1 capital

4.36

21,807 4.36

22,692 1.50 13,429

of which: additional tier 1 capital

3.50 17,511 3.50 18,231 1.50 13,429

of which: additional tier 1 buffer capital

0.80 4,003 0.80 4,167

Eligible going concern capital

Total going concern capital

19.58 97,965 18.81 97,965 10.94 97,965

Common equity tier 1 capital

15.09 75,515 14.50 75,515 8.43 75,515

Total loss-absorbing additional tier 1 capital

4.49

22,450 4.31 22,450 2.51 22,450

of which: high-trigger loss-absorbing additional tier 1 capital

4.49 22,450 4.31 22,450 2.51 22,450

Risk-weighted assets / leverage ratio denominator

Risk-weighted assets

500,317 520,899

Leverage ratio denominator

895,259

Required gone concern capital

Higher of RWA-

or LRD-based

Total gone concern loss-absorbing capacity

76,428

Eligible gone concern capital

Total gone concern loss-absorbing capacity

89,382

TLAC-eligible unsecured debt

89,382

Gone concern capital coverage ratio

116.95

1 Fully applied relates to participation

RWA. Direct and indirect investmentsincluding holding of regulatory capital instrumentsin Switzerland-domiciled subsidiaries and fordirect and indirect investments including

holding of regulatory

capital instruments in foreign-domiciledsubsidiaries are risk weightedat 240% and 360%,respectively, for the currentyear. As per current rules, riskweights will gradually increaseby 5 percentage

points per year for Switzerland-domiciled investments and 20 percentage points

per year for foreign-domiciled investments until the fully applied riskweights of 250% and 400%, respectively, are applied.2 Includes

applicable add-ons of 1.86% for risk-weighted assets (RWA, phase-in), 1.85% for risk-weighted assets (RWA, fully applied) and 0.58% for leverage ratio denominator (LRD). For the RWA-based requirement the add-

on includes 0.86% for market share,

0.79% for LRD and 1 basis pointsfor RWA phase-in and 1 basispoints for RWA fully applied reflectinga Pillar 2 capital add-on of USD 40mrelated to the supply chain finance

funds matter at Credit Suisse. An additional 20

basis points for RWA phase-in and 19 basis pointsfor RWA fully applied reflect a Pillar 2 capital add-onfor the residual exposure (after collateral mitigation) tohedge

funds, private equity

and family offices,effective 1 January 2025.For the LRD-basedrequirement the add-on includes0.30% for marketshare and 0.28% forLRD.3 Includes the Pillar 2add-on for the residual

exposure (after collateral mitigation) to hedge funds,

private equity and family offices of 0.14% for CET1capital and 0.06% for AT1 capital forRWA phase-in and 0.13% for CET1 capital and0.06% for AT1 capital

for RWA fully applied, effective 1 January 2025. For AT1 capital under Pillar 1 requirements a maximum of 4.3% of AT1 capital can be used to meet going concern requirements; 4.36% for RWA phase-in and 4.36%

for RWA fully applied include the aforementioned Pillar 2 capital add-on.

4 UBS meets its minimum going concern capital requirements with CET1capital and AT1 capital. As UBS exceeds its minimum going concern

requirements, the actual available and eligible AT1

capital is above the AT1 capital used to meet the minimum requirements(which is capped at 4.36% as explained in footnote 3 above).5 A maximum of 25% of

the gone concern requirements can

be met with instruments that havea remaining maturity of between oneand two years. Once at least 75%of the minimum gone concern requirementhas been met with instruments

that have a remaining maturity of greater than two years, all instruments that have a remaining maturity of between one and two years remain eligible to be included in the total gone concern capital.

6 Includes an

add-back of 45% of unrealized gains from financial assets measured

at fair value through other comprehensive income.Such gains do not qualify as CET1 capital, but 45% ofthese gains can be recognized as gone

concern capital.

30 September 2026 Pillar 3 Report |

Significant regulated subsidiaries and sub-groups | UBS AG standalone

Swiss SRB going and gone concern information

USD m, except where indicated

30.9.26

30.6.26

Eligible going concern capital

Total going concern capital

97,965 99,403

Total tier 1 capital

97,965 99,403

Common equity tier 1 capital

75,515 76,259

Total loss-absorbing additional tier 1 capital

22,450 23,144

of which: high-trigger loss-absorbing additional tier 1 capital

22,450 23,144

Eligible gone concern capital

Total gone concern loss-absorbing capacity

89,382 93,759

TLAC-eligible unsecured debt

89,382 93,757

Total loss-absorbing capacity

187,346 193,162

Denominators for going and gone concern ratios

Risk-weighted assets, phase-in

500,317 510,735

of which: investments in Switzerland-domiciled subsidiaries

91,855 93,706

of which: investments in foreign-domiciled subsidiaries

150,791 150,491

Risk-weighted assets, fully applied as of 1.1.28

520,899 531,360

of which: investments in Switzerland-domiciled subsidiaries

95,682 97,610

of which: investments in foreign-domiciled subsidiaries

167,546 167,212

Leverage ratio denominator

895,259 931,761

Capital and loss-absorbing capacity ratios (%)

Going concern capital ratio, phase-in

19.6 19.5

of which: common equity tier 1 capital ratio, phase-in

15.1 14.9

Going concern capital ratio, fully applied as of 1.1.28

18.8 18.7

of which: common equity tier 1 capital ratio, fully applied as of 1.1.28

14.5 14.4

Leverage ratios (%)

Going concern leverage ratio

10.9 10.7

of which: common equity tier 1 leverage ratio

8.4 8.2

Capital coverage ratio (%)

Gone concern capital coverage ratio

116.9 118.9

1 Includes an

add-back of45% of unrealizedgains fromfinancial assetsmeasured atfair valuethrough othercomprehensive income.Such gainsdo notqualify as CET1capital, but45% of thesegains canbe

recognized as gone concern capital.

2 Fully applied relates to participation RWA. Direct and indirectinvestments including holding of regulatory capital instruments in Switzerland-domiciled subsidiaries and fordirect

and indirect investments including holding of regulatory capital instruments in foreign-domiciled subsidiaries are risk weighted at 240% and 360%,

respectively, for the current year.As per current rules, risk weights

will gradually increase

by 5 percentage pointsper year forSwitzerland-domiciled investments and20 percentage pointsper year forforeign-domiciled investments untilthe fully appliedrisk weights of250% and

400%, respectively, are applied.

UBS Switzerland AG standalone

Key metrics for the third quarter of 2026

The

tablebelowisbasedontheSwissFinancialMarketSupervisoryAuthority(FINMA)OrdinanceontheDisclosure

Obligations of Banks and Securities Firms (DisO-FINMA) rules and IFRS Accounting Standards.

During the third

quarter of 2026,common equity tier 1capital decreased byCHF 0.2bn to CHF 21.6bn,mainly due to

operating profit being more than offset by additional dividend accruals.

Total risk-weighted

assets (RWA)decreased byCHF 2.9bn toCHF 170.9bn, mainlydriven bylower RWAon derivative

exposures, partly offset by an increase in loans and loan commitments.

The leverage

ratio denominator(the LRD)decreased byCHF 11.9bn toCHF 561.0bn, mainlydue toasset sizemovements.

This included a CHF 9.0bn decrease in on-balance

sheet exposures, mainly driven by a decrease incash and balances at

central

banks,andaCHF 1.7bndecreaseinoff-balancesheetexposures,mainlydrivenbyadecreaseinloan

commitments.

30 September 2026 Pillar 3 Report |

Significant regulated subsidiaries and sub-groups | UBS Switzerland AG standalone

The

quarterlyaverageliquiditycoverageratio(theLCR)ofUBSSwitzerland AGdecreased5.6 percentagepointsto

128.6%,

remaining

above the prudential requirement communicated by

FINMA. The movement in the quarterly average

LCR

wasprimarilydrivenbyaCHF 4.7bndecreaseinaveragehigh-qualityliquidassetstoCHF 112.4bn,

mainly

reflecting

lower cash available from lower funding received from UBS AG and an increase in lending assets, partly offset

by higher

cash availablefrom anincrease incustomer deposits.Average netcash outflowswere largelyunchanged at

CHF 87.5bn,

lower

inflows from lending assets were offset by lower net

outflows for securities financing transactions.

of30 September2026,thenetstablefundingratioremainedstableat124.1%,remainingabovetheprudential

requirement communicated by FINMA. Available stable funding decreased by CHF 1.8bn to CHF 370.9bn, mainly driven

lowerfundingreceivedfromUBSAG,partlyoffsetbyanincreaseincustomerdeposits.Requiredstablefunding

decreased by

CHF 1.2bn toCHF 298.9bn, mainlyreflecting lowerlending assets, andlower derivativesand cash collateral

receivables on derivative instruments.

KM1: Key metrics

CHF m, except where indicated

30.9.26

30.6.26

31.3.26

31.12.25

30.9.25

Available capital (amounts)

Common Equity Tier 1 (CET1)

21,574 21,766 21,393 21,188 21,527

Tier 1

30,068 30,260 29,887 29,182 29,520

Total capital

30,068 30,260 29,887 29,182 29,520

Risk-weighted assets (amounts)

Total risk-weighted assets (RWA)

170,903 173,765 171,755 164,062 168,223

Total risk-weighted assets (pre-floor)

164,456 165,476 164,327 152,624 154,370

Minimum capital requirement

13,672 13,901 13,740 13,125 13,458

Risk-based capital ratios as a percentage of RWA

Common equity tier 1 ratio (%)

12.62 12.53 12.46 12.91 12.80

Common equity tier 1 ratio (%) (pre-floor)

13.12 13.15 13.02 13.88 13.95

Tier 1 ratio (%)

17.59 17.41 17.40 17.79 17.55

Tier 1 ratio (%) (pre-floor)

18.28 18.29 18.19 19.12 19.12

Total capital ratio (%)

17.59 17.41 17.40 17.79 17.55

Total capital ratio (%) (pre-floor)

18.28 18.29 18.19 19.12 19.12

Additional CET1 buffer requirements as a percentage of RWA

Capital conservation buffer requirement (%)

2.50 2.50 2.50 2.50 2.50

Countercyclical buffer requirement (%)

0.05 0.05 0.05 0.05 0.06

Additional countercyclical buffer for Swiss mortgage loans (%)

0.82 0.80 0.80 0.91 0.82

Bank G-SIB and / or D-SIB additional requirements (%)

Total of bank CET1 specific buffer requirements (%)

2.55 2.55 2.55 2.55 2.56

CET1 available after meeting the bank’s minimum capital requirements (%)

8.12 8.03 7.96 8.41 8.30

Basel III leverage ratio

Total Basel III leverage ratio exposure measure

560,984 572,918 564,403 538,262 547,805

Basel III leverage ratio (%) (including the impact of any applicable temporary

exemption of central bank reserves)

5.36 5.28 5.30 5.42 5.39

14b

Basel III leverage ratio (%) (excluding the impact of any applicable temporary

exemption of central bank reserves)

5.36 5.28 5.30 5.42 5.39

14c

Basel III leverage ratio (%) (including the impact of any applicable temporary

exemption of central bank reserves) incorporating mean values for SFT assets

5.35 5.28 5.29 5.41 5.39

14d

Basel III leverage ratio (%) (excluding the impact of any applicable temporary

exemption of central bank reserves) incorporating mean values for SFT assets

5.35 5.28 5.29 5.41 5.39

14e

Minimum capital requirements

16,830 17,188 16,932 16,148 16,434

Liquidity coverage ratio (LCR)

Total high-quality liquid assets (HQLA)

112,438 117,113 110,485 115,181 116,430

Total net cash outflow

87,461 87,268 84,375 87,315 83,009

16a

of which: cash outflows

120,543 120,442 118,652 119,321 113,942

16b

of which: cash inflows

33,082 33,174 34,277 32,006 30,933

LCR (%)

128.59 134.22 130.97 132.00 140.37

Net stable funding ratio (NSFR)

Total available stable funding

370,899 372,715 367,805 356,977 351,349

Total required stable funding

298,859 300,056 295,923 285,045 278,806

NSFR (%)

124.10 124.21 124.29 125.24 126.02

1 Calculated as 8% of total RWA, based

on total capital minimum requirements,excluding CET1 buffer requirements.2 Excludes non-BCBS capital buffer requirements forrisk-weighted positions that are directly

or indirectly backed by residential

properties in Switzerland.3 Represents the CET1 ratio that isavailable to meet buffer requirements.Calculated as the CET1 ratio minusthe BCBS CET1 capital requirement and,

where applicable, minus the BCBS

tier 2 capital requirement met with CET1capital.4 There is currently no temporaryexemption of central bank reserves forUBS.5 The higher of capital requirementsbased on

8% of RWA or 3% of LRD.

6 Calculated after the application of haircuts and inflow and outflow rates,as well as, where applicable, capson Level 2 assets and cash inflows. Calculated basedon an average of 66

data points

in thethird quarterof 2026and 60 datapoints inthe secondquarter of2026. Forthe prior-quarterdata points,refer tothe respectivePillar 3 Report,availableunder “Pillar 3disclosures” at

ubs.com/investors, for more information.

7 UBS Switzerland AG is required to maintaina minimum NSFR of at least 100% onan ongoing basis, as set outin Art. 17h para. 1 of theLiquidity Ordinance. A portion

of the excess funding is used to fulfill the NSFR requirement of UBS AG standalone.

30 September 2026 Pillar 3 Report |

Significant regulated subsidiaries and sub-groups | UBS Switzerland AG standalone

Swiss systemically relevant bank going and gone concern requirements and information

The

tables belowprovidedetails ofthe Swisssystemically relevantbank (SRB)RWA-andLRD-based goingand gone

concern requirements

and informationas requiredby FINMA;details regardingeligible goneconcern instrumentsare

also provided below.

UBS Switzerland AG is considered an SRB under Swiss banking law and is subject to capital regulations on a

standalone

basis.

Asof30 September2026,thegoingconcerncapitalandleverageratiorequirementsforUBSSwitzerland AG

standalone were 15.39% (including a countercyclical buffer of 0.87%) and 5.08%, respectively.

The Swiss SRB

framework and goingconcern requirements applicable toUBS Switzerland AG standalone arethe same

as those applicable to UBS Group AG consolidated. The

gone concern requirement corresponds to 62% of the Group’s

going concern

requirements, excludingthe countercyclicalbuffer requirementsand Pillar 2add-ons. Outstandingtotal

loss-absorbing capacity-eligible

unsecured debtinstruments areeligible tomeet goneconcern requirementsuntil one

year before maturity.

The gone

concern requirementswere 9.00%for theRWA-based requirementand 3.15%for theLRD-based requirement.

›

Refer to “Capital and capital ratios of our significant regulated subsidiaries” in the “Capital

management” section of the UBS

Group Annual Report 2025, available under “Annual reporting” at

ubs.com/investors

, for more information about the joint

liability of UBS AG and UBS Switzerland AG

Swiss SRB going and gone concern requirements and information

As of 30.9.26

RWA

LRD

CHF m, except where indicated

in %

Required going concern capital

Total going concern capital

15.39

26,301 5.08

28,470

Common equity tier 1 capital

11.09 18,953 3.58 20,055

of which: minimum capital

4.50 7,691 1.50 8,415

of which: buffer capital

5.72 9,769 2.08 11,640

of which: countercyclical buffer

0.87 1,493

Maximum additional tier 1 capital

4.30 7,349 1.50 8,415

of which: additional tier 1 capital

3.50 5,982 1.50 8,415

of which: additional tier 1 buffer capital

0.80 1,367

Eligible going concern capital

Total going concern capital

17.59 30,068 5.36 30,068

Common equity tier 1 capital

12.62 21,574 3.85 21,574

Total loss-absorbing additional tier 1 capital

4.97

8,494 1.51 8,494

of which: high-trigger loss-absorbing additional tier 1 capital

4.97 8,494 1.51 8,494

Required gone concern capital

Total gone concern loss-absorbing capacity

9.00 15,381 3.15 17,651

of which: base requirement including add-ons for market share and LRD

9.00

15,381 3.15

17,651

Eligible gone concern capital

Total gone concern loss-absorbing capacity

11.41 19,495 3.48 19,495

TLAC-eligible unsecured debt

11.41 19,495 3.48 19,495

Total loss-absorbing capacity

Required total loss-absorbing capacity

24.39 41,683 8.22 46,121

Eligible total loss-absorbing capacity

29.00 49,563 8.84 49,563

Risk-weighted assets / leverage ratio denominator

Risk-weighted assets

170,903

Leverage ratio denominator

560,984

1 Includes applicable add-ons of 1.66% for risk-weighted assets (RWA) and 0.58% for

leverage ratio denominator (LRD).2 UBS meets its minimum going concern capital requirements with CET1 capital and AT1

capital. As UBS exceeds its minimum

going concern capital requirements,the actual available and eligibleAT1 capital is abovethe AT1 capital usedto meet the minimum requirements (whichis capped at 4.3%).

3 A maximum of 25% of the gone concern

requirements can be met with instruments thathave a remaining maturity of between oneand two years. Once at least75% of the minimum gone concern requirement

has been met with instruments that have a remaining maturity of greater than two years, all instruments that have a remaining maturity of between one and

two years remain eligible to be included in the total gone

concern capital.

4 Includes applicable add-ons of 1.03% for RWA and 0.36% for LRD.

30 September 2026 Pillar 3 Report |

Significant regulated subsidiaries and sub-groups | UBS Switzerland AG standalone

Swiss SRB going and gone concern information

CHF m, except where indicated

30.9.26

30.6.26

Eligible going concern capital

Total going concern capital

30,068 30,260

Total tier 1 capital

30,068 30,260

Common equity tier 1 capital

21,574 21,766

Total loss-absorbing additional tier 1 capital

8,494 8,494

of which: high-trigger loss-absorbing additional tier 1 capital

8,494 8,494

Eligible gone concern capital

Total gone concern loss-absorbing capacity

19,495 19,465

TLAC-eligible unsecured debt

19,495 19,465

Total loss-absorbing capacity

49,563 49,725

Risk-weighted assets / leverage ratio denominator

Risk-weighted assets

170,903 173,765

Leverage ratio denominator

560,984 572,918

Capital and loss-absorbing capacity ratios (%)

Going concern capital ratio

17.6 17.4

of which: common equity tier 1 capital ratio

12.6 12.5

Gone concern loss-absorbing capacity ratio

11.4 11.2

Total loss-absorbing capacity ratio

29.0 28.6

Leverage ratios (%)

Going concern leverage ratio

5.4 5.3

of which: common equity tier 1 leverage ratio

3.8 3.8

Gone concern leverage ratio

3.5 3.4

Total loss-absorbing capacity leverage ratio

8.8 8.7

30 September 2026 Pillar 3 Report |

Significant regulated subsidiaries and sub-groups | UBS Europe SE consolidated

UBS Europe SE consolidated

Key metrics for the third quarter of 2026

The table below provides

information about the regulatorycapital components, capital ratios,leverage ratio and liquidity

of UBS Europe SE

consolidated basedon BaselCommittee onBanking Supervision(BCBS) Pillar 1requirements andin

accordance with EU regulatory rules and IFRS Accounting Standards.

During the third

quarter of 2026,available capital remained stableand risk-weighted assets increasedby EUR 0.3bn to

EUR 16.2bn, mainly

driven byhigher Lombardloan exposures,primarily dueto theintegration ofCredit SuisseSpain,

and increases

in exchange-tradedderivatives andloan commitments,partly offsetby decreasesin securitiesfinancing

transactions

(SFTs)andcash.TheleverageratioexposuredecreasedbyEUR 0.3bntoEUR 60.5bn,mainlydrivenby

decrease in inventory positions, partially offset by an increase in SFTs and derivatives.

The average liquidity coverage

ratio (the LCR)remained well above theregulatory requirement of100%, at 134.9%.The

decrease in

the LCRwas drivenby anincrease ofEUR 0.3bn intotal netcash outflows,partly offsetby anincrease of

EUR 0.1bn in

high-quality liquidassets (HQLA).Higher HQLAand netoutflows weremainly dueto anincrease inUBS

Group euro-clearing activities. The net stable funding ratio

(the NSFR) remained well above the regulatory requirements

of 100%, at 136.6%.

The increase in theNSFR was due toa EUR 0.8bn decrease inrequired stable funding dueto lower

client-driven activity levels in the Investment Bank, alongside a EUR 1.1bn

increase in available stable funding, driven by

higher intercompany funding.

KM1: Key metrics

1,2

EUR m, except where indicated

30.9.26

30.6.26

31.3.26

31.12.25

30.9.25

Available capital (amounts)

Common Equity Tier 1 (CET1)

3,046 3,040 3,097 3,109 2,973

Tier 1

3,946 3,940 3,697 3,709 3,573

Total capital

3,946 3,940 3,697 3,709 3,573

Risk-weighted assets (amounts)

Total risk-weighted assets (RWA)

16,189 15,927 16,572 15,926 15,917

Total risk-weighted assets (RWA) (pre-floor)

16,189 15,927 16,572 15,926 15,917

Minimum capital requirement

1,295 1,274 1,326 1,274 1,273

Risk-based capital ratios as a percentage of RWA

CET1 ratio (%)

18.8 19.1 18.7 19.5 18.7

CET1 ratio (%) (pre-floor)

18.8 19.1 18.7 19.5 18.7

Tier 1 ratio (%)

24.4 24.7 22.3 23.3 22.4

Tier 1 ratio (%) (pre-floor)

24.4 24.7 22.3 23.3 22.4

Total capital ratio (%)

24.4 24.7 22.3 23.3 22.4

Total capital ratio (%) (pre-floor)

24.4 24.7 22.3 23.3 22.4

Additional CET1 buffer requirements as a percentage of RWA

Capital conservation buffer requirement (%)

2.5 2.5 2.5 2.5 2.5

Countercyclical buffer requirement (%)

0.7 0.7 0.7 0.7 0.7

Bank G-SIB and / or D-SIB additional requirements (%)

Total of bank CET1 specific buffer requirements (%)

3.2 3.2 3.2 3.2 3.2

CET1 available after meeting the bank’s minimum capital requirements (%)

14.3 14.6 14.2 15.0 14.2

Basel III leverage ratio

Total Basel III leverage ratio exposure measure

60,460 60,715 64,032 55,952 55,681

Basel III leverage ratio (%) (including the impact of any applicable temporary

exemption of central bank reserves)

6,7

6.5 6.5 5.8 6.6 6.4

14b

Basel III leverage ratio (%) (excluding the impact of any applicable

temporary exemption of central bank reserves)

6.5 6.5 5.8 6.6 6.4

14e

Minimum capital requirements

1,814 1,821 1,921 1,679 1,670

Liquidity coverage ratio (LCR)

Total high-quality liquid assets (HQLA)

21,895 21,807 21,321 21,013 21,360

Total net cash outflow

16,249 15,997 15,539 14,883 15,155

LCR (%)

134.9 136.6 137.5 141.5 141.5

Net stable funding ratio (NSFR)

Total available stable funding

20,390 19,324 21,116 20,534 19,252

Total required stable funding

14,927 15,755 15,614 14,959 14,182

NSFR (%)

136.6 122.7 135.2 137.3 135.8

1 Based on applicable EU regulatory rules.

2 Row 9a of the FINMA templateis applicable to the FINMA-regulated scope onlyand rows 14c and 14d havebeen removed because the EU doesnot require the disclosure

of mean values for SFTs.

3 Comparative figures have been restated to alignwith the regulatory reports as submitted tothe European Central Bank.4 Calculated as 8% of total RWA, based ontotal capital minimum

requirements, excluding CET1 buffer

requirements.5 Represents the CET1 ratiothat is available for meetingbuffer requirements. Calculated asthe CET1 ratio minusthe BCBS CET1 capital requirementand after

considering, where applicable, CET1 capital

that has been used to meet tier1 and / or total capital ratiorequirements under Pillar 1.6 Calculated on the basis of tier 1 capital.7 There is currently no temporary

exemption of central bank reserves for UBS Europe SE.

8 The higher of capital requirements based on 8% of RWA or 3% of LRD.9 Figures are calculated based on a 12

‑

month average.

30 September 2026 Pillar 3 Report |

Significant regulated subsidiaries and sub-groups | UBS Americas Holding LLC consolidated

UBS Americas Holding LLC consolidated

Key metrics for the third quarter of 2026

The table

below isbased onBasel Committeeon BankingSupervision (BCBS)Pillar 1 requirementsand inaccordance

with US Basel III rules and generally accepted accounting principles in the US (US GAAP).

Effective 1 October

2025, anduntil 31 December2027, UBSAmericas HoldingLLC issubject toa stresscapital buffer

(an SCB) of 5.2%, in addition to the minimum risk-based capital

requirements. The SCB, subject to a floor of 2.5%,was

determined by

theFederal ReserveBoard followingthe completionofthe2025 ComprehensiveCapital Analysisand

Review (the CCAR) based on Dodd–Frank Act Stress Test (DFAST) results and planned future dividends.

During the

third quarterof 2026,the commonequity tier 1(CET1) capitalratio increased0.3 percentage pointsto 16.8%

and the tier 1 capital

ratio increased 0.2 percentage pointsto 20.3%. Both CET1capital and tier 1capital increased by

USD 0.4bn, primarily

due toprofit beforetaxes andlower deferredtax deductionsarising fromtemporary differences,

partly offset by preferred

dividends paid to UBSAG. Risk-weighted assets (RWA)increased by USD 1.1bn toUSD 82.1bn,

as credit risk

RWA increased byUSD 1.9bn, mainly inderivatives and loans.This increase waspartly offset bya USD 0.8bn

decrease in market risk RWA from a decrease in value-at-risk (VaR) and stressed VaR.

The

tier 1leverageratioincreased0.2 percentagepointsto8.2%,primarilydrivenbytheaforementionedcapital

movements, partly offset by a USD 0.2bn

increase in leverage exposure. Similarly,the tier 1 supplementary leverage ratio

(the SLR)

increased 0.1 percentagepoints to6.8%, primarilydriven bythe aforementionedcapital movements,partly

offset by a USD 2.2bn increase in SLR exposure from derivative and repo style transactions.

The average liquidity coverage ratio

decreased 0.2 percentage points to 123.8%,as high-quality liquid assets increased

USD 1.4bnandnetcashoutflowincreasedbyUSD 1.1bn.Theaveragenetstablefundingratioincreased

1.9 percentage

pointsto131.8%,drivenbyaUSD 1.5bnincreaseinavailablestablefunding(ASF),primarilyasit

benefited from

a USD 2.0bndecrease inASF thatis notreadily transferableacross subsidiaries(i.e. excessASF), partly

offset by

a USD 0.5bndecrease inother availablestable fundingactivities. Therewas an immaterialmovement inrequired

stable funding.

KM1: Key metrics

USD m, except where indicated

30.9.26

30.6.26

31.3.26

31.12.25

30.9.25

Available capital (amounts)

Common Equity Tier 1 (CET1)

13,794 13,406 14,021 13,696 17,161

Tier 1

16,635 16,248 16,855 16,521 19,984

Total capital

16,836 16,464 17,064 16,723 20,185

Risk-weighted assets (amounts)

Total risk-weighted assets (RWA)

82,113 81,043 77,052 75,654 81,477

Minimum capital requirement

6,569 6,483 6,164 6,052 6,518

Risk-based capital ratios as a percentage of RWA

CET1 ratio (%)

16.8 16.5 18.2 18.1 21.1

Tier 1 ratio (%)

20.3 20.0 21.9 21.8 24.5

Total capital ratio (%)

20.5 20.3 22.1 22.1 24.8

Additional CET1 buffer requirements as a percentage of RWA

BCBS capital conservation buffer requirement (%)

2.5 2.5 2.5 2.5 2.5

US stress capital buffer requirement (%)

5.2 5.2 5.2 5.2 9.3

Countercyclical buffer requirement (%)

Bank G-SIB and / or D-SIB additional requirements (%)

BCBS total of bank CET1 specific buffer requirements (%)

2.5 2.5 2.5 2.5 2.5

11a

US total bank specific capital buffer requirements (%)

5.2 5.2 5.2 5.2 9.3

CET1 available after meeting the bank’s minimum capital requirements (%)

12.3 12.0 13.7 13.6 16.6

Basel III leverage ratio

Total Basel III leverage ratio exposure measure

204,099 203,926 199,896 198,104 195,030

Basel III leverage ratio (%)

8.2 8.0 8.4 8.3 10.2

14a

Total Basel III supplementary leverage ratio exposure measure

243,925 241,737 227,971 232,902 229,768

14b

Basel III supplementary leverage ratio (%)

6.8 6.7 7.4 7.1 8.7

Liquidity coverage ratio (LCR)

Total high-quality liquid assets (HQLA)

31,976 30,622 28,660 27,879 27,496

Total net cash outflow

4,6

25,831 24,705 23,710 21,883 21,365

LCR (%)

123.8 124.0 120.9 127.4 128.7

Net stable funding ratio (NSFR)

Total available stable funding

106,639 105,094 102,609 102,550 102,169

Total required stable funding

4,6

80,910 80,923 81,173 80,535 79,425

NSFR (%)

131.8 129.9 126.4 127.3 128.6

1 As the final Basel III standards have not been implemented in the US, rows that are not applicable have been removed from the FINMA template.

2 Calculated as 8% of total RWA, based on total minimum capital

requirements, excluding

CET1 buffer requirements.3 Represents the CET1ratio that isavailable to meetbuffer requirements.Calculated as theCET1 ratio minusthe BCBS CET1capital requirement and,where

applicable, minus the BCBS additional tier 1 and tier 2 capital requirements met with CET1 capital.

4 Figures are calculated on a quarterly average.5 Calculated on the basis of tier 1 capital.6 Reflected at 85%

of the full amount in accordance with the Federal Reserve tailoring rule.

30 September 2026 Pillar 3 Report |

Appendix

Abbreviations frequently used in our financial reports

ABS

asset-backed securities

Aktiengesellschaft

AGM

Annual General Meeting of

shareholders

artificial intelligence

A-IRB

advanced internal ratings-

based

ALCO

Asset and Liability

Committee

AMA

advanced measurement

approach

AML

anti-money laundering

AoA

Articles of Association

APM

alternative performance

measure

ARR

alternative reference rate

ARS

auction rate securities

ASF

available stable funding

AT1

additional tier 1

AuM

assets under management

BCBS

Basel Committee on

Banking Supervision

BIS

Bank for International

Settlements

BoD

Board of Directors

CAO

Capital Adequacy

Ordinance

CCAR

Comprehensive Capital

Analysis and Review

CCF

credit conversion factor

CCP

central counterparty

CCR

counterparty credit risk

CCRC

Corporate Culture and

Responsibility Committee

CDS

credit default swap

CEO

Chief Executive Officer

CET1

common equity tier 1

CFO

Chief Financial Officer

CGU

cash-generating unit

CHF

Swiss franc

CIO

Chief Investment Office

CORC

Compliance and

Operational Risk Control

CRM

credit risk mitigation

CRO

Chief Risk Officer

CST

combined stress test

CUSIP

Committee on Uniform

Security Identification

Procedures

CVA

credit valuation adjustment

DBO

defined benefit obligation

DCCP

Deferred Contingent

Capital Plan

DFAST

Dodd–Frank Act Stress Test

DisO-FINMA

FINMA Ordinance on the

Disclosure Obligations of

Banks and Securities Firms

discount margin

DOJ

US Department of Justice

DTA

deferred tax asset

DVA

debit valuation adjustment

EAD

exposure at default

Executive Board

European Commission

ECB

European Central Bank

ECL

expected credit loss

EGM

Extraordinary General

Meeting of shareholders

EIR

effective interest rate

expected loss

EMEA

Europe, Middle East and

Africa

EOP

Equity Ownership Plan

EPS

earnings per share

ESG

environmental, social and

governance

ETD

exchange-traded derivatives

ETF

exchange-traded fund

European Union

EUR

euro

EURIBOR

Euro Interbank Offered Rate

EVE

economic value of equity

Ernst & Young Ltd

FCA

UK Financial Conduct

Authority

FDIC

Federal Deposit Insurance

Corporation

FINMA

Swiss Financial Market

Supervisory Authority

FMIA

Swiss Financial Market

Infrastructure Act

FRTB

Fundamental Review of the

Trading Book

FSB

Financial Stability Board

FTA

Swiss Federal Tax

Administration

FVA

funding valuation

adjustment

FVOCI

fair value through other

comprehensive income

FVTPL

fair value through profit or

loss

foreign exchange

GAAP

generally accepted

accounting principles

GBP

pound sterling

GDP

gross domestic product

GEB

Group Executive Board

GHG

greenhouse gas

GCORC

Group Compliance and

Operational Risk Control

GRI

Global Reporting Initiative

G-SIB

global systemically

important bank

HQLA

high-quality liquid assets

IAS

International Accounting

Standards

IASB

International Accounting

Standards Board

IBOR

interbank offered rate

IFRIC

International Financial

Reporting Interpretations

Committee

IFRS

accounting standards

Accounting

issued by the IASB

Standards

IRB

internal ratings-based

IRRBB

interest rate risk in the

banking book

ISDA

International Swaps and

Derivatives Association

ISIN

International Securities

Identification Number

30 September 2026 Pillar 3 Report |

Appendix

Abbreviations frequently used in our financial reports (continued)

KRT

Key Risk Taker

LAS

liquidity-adjusted stress

LCR

liquidity coverage ratio

LGD

loss given default

LIBOR

London Interbank Offered

Rate

LLC

limited liability company

LoD

lines of defense

LRD

leverage ratio denominator

LTIP

Long-Term Incentive Plan

LTV

loan-to-value

M&A

mergers and acquisitions

MRT

Material Risk Taker

NII

net interest income

NSFR

net stable funding ratio

NYSE

New York Stock Exchange

OCA

own credit adjustment

OCI

other comprehensive

income

OECD

Organisation for Economic

Co-operation and

Development

OTC

over-the-counter

PCI

purchased credit impaired

probability of default

PIT

point in time

PPA

purchase price allocation

QCCP

qualifying central

counterparty

RBC

risk-based capital

RbM

risk-based monitoring

REIT

real estate investment trust

RMBS

residential mortgage-

backed securities

RniV

risks not in VaR

RoCET1

return on CET1 capital

RoU

right-of-use

rTSR

relative total shareholder

return

RWA

risk-weighted assets

standardized approach or

société anonyme

SA-CCR

standardized approach for

counterparty credit risk

SAR

Special Administrative

Region of the People’s

Republic of China

SDG

Sustainable Development

Goal

SEC

US Securities and Exchange

Commission

SFT

securities financing

transaction

SIBOR

Singapore Interbank

Offered Rate

SICR

significant increase in credit

risk

SIX

SIX Swiss Exchange

SME

small and medium-sized

entities

SMF

Senior Management

Function

SNB

Swiss National Bank

SOR

Singapore Swap Offer Rate

SPPI

solely payments of principal

and interest

SRB

systemically relevant bank

SVaR

stressed value-at-risk

TBTF

too big to fail

TCFD

Task Forceon Climate-

related Financial Disclosures

TIBOR

Tokyo InterbankOffered

Rate

TLAC

total loss-absorbing capacity

TTC

through the cycle

USD

US dollar

VaR

value-at-risk

VAT

value-added tax

This is a general list

of the abbreviations frequently usedin our financial reporting. Not allof the listed abbreviations may

appear in this particular report.

30 September 2026 Pillar 3 Report |

Appendix

Cautionary statement |

This report and theinformation contained hereinare provided solely forinformation purposes andare not tobe construed assolicitation

of an offer to buy or sell any

securities or other financial instruments in Switzerland, the UnitedStates or any other jurisdiction. No investment decision relating

to securities of or relating to UBS Group

AG, UBS AG or their affiliates should be madeon the basis of this report. Refer to UBS’smost recent annual report on

Form 20-

quarterly reports and

other information furnishedto or filedwith the USSecurities and ExchangeCommission (the SEC)on Form 6-K,available at

ubs.com/investors

, for additional information.

Rounding |

Numbers presented throughout this report may not add up precisely to the totals provided in the tables andtext. Percentages and percent changes

disclosed in text and

tables are calculatedon the basis ofunrounded figures. Absolutechanges between reportingperiods disclosed in thetext, which can be

derived from numbers presented in related tables, are calculated on a rounded basis.

Tables

|Within tables, blank fields generallyindicate non-applicability or thatpresentation of any contentwould not be meaningful orthat information is not

available as of the relevant date or for the relevant period.

Zero values generally indicate that the respective figure is zeroon an actual or rounded basis. Values

that are zero on a rounded basis can be either negative or positive on an actual basis.

Websites |

In this report, anywebsite addresses are providedsolely for informationand are not intendedto be activelinks. UBS doesnot incorporate thecontents

of any such websites into this report.

edgarq26ubsgrouppillap36i0

UBS Group AG

P.O. Box

CH-8098 Zurich

ubs.com

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this

report to be signed on their behalf by the undersigned, thereunto duly authorized.

UBS Group AG

By:

/s/ David Kelly

Name:

David Kelly

Title:

Managing Director

By:

/s/ Ella Copetti-Campi

Name:

Ella Copetti-Campi

Title:

Executive Director

UBS AG

By:

/s/ David Kelly

Name:

David Kelly

Title:

Managing Director

By:

/s/ Ella Copetti-Campi

Name:

Ella Copetti-Campi

Title:

Executive Director

Date:

October 28, 2026