UBS Fixed Income Presentation Deck

Expecting underlying PBT to be positive in 2H23, around break-even in 3Q23 2Q23 underlying PBT Pro forma, USD bn 2.0 UBS sub- group² (2.2) ~(0.3) Outlook Taking immediate action to drive underlying¹ profitability Not to scale A CHF (2.0bn) (refer to prior slide) Credit Illustrative Cost Suisse combined saves sub- group³ B с Revenue Lower stabilization funding costs +/- Other factors Quarterly exit rate (YE23) A B >3bn annualized (>750m quarterly) saves by year-end from actions to date and identified for 2H234 8bn combined WM NNM/NNA 3Q QTD5 C~550m funding costs in 2Q from PLB and ELA+, now fully repaid. Other considerations ~3bn integration-related expenses, 2H23 >1.5bn6 2H23 pull to par impacts, largely in NII 1 Excluding items not representative of underlying performance such as integration-related expenses and pull to par effects; 2 2Q23 UBS business divisions and Group Functions (IFRS) excluding integration and acquisition costs; refer to slide 22 and 34 for details; 3 Adjusted US GAAP figures in CHF converted to USD using average 2Q23 USD/CHF rates of 0.90; Credit Suisse sub-group includes Credit Suisse UBS AG and its consolidated subsidiaries, Credit Suisse Services AG and other small former Credit Suisse Group entities now directly held by UBS Group AG, refer to slide 27 and 28 for details; 4>3bn annualized exit rate saves vs 2022; 5 UBS GWM net new money + Credit Suisse WM net new assets, up to and including 28.8.23; 6 Including NCL; CET1 impact of the accretion partly offset by ~0.7bn amortization of the transitional relief in 2H23 20

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