UBS Fixed Income Presentation Deck

Working towards ~15% ROCET1 Underlying¹ return on CET1 capital Illustrative Franchise stabilization and client win-back Funding cost efficiencies Balance sheet optimization Cost base right-sizing ~15% 2026 exit rate ~15% underlying¹ ROCET1 2026 exit rate >10bn gross cost saves by end-2026 vs. FY22 ~14% CET1 capital ratio over medium-term² <70% underlying¹ cost/income ratio, 2026 exit rate Capital returns Committed to existing progressive dividend policy with excess capital returned via share repurchases³ UBS 1 Excluding items not representative of underlying performance such as integration-related expenses and pull to par effects; 2 Reflects current Swiss too-big-to-fail framework and known changes to Basel 3 framework; 3 We have temporarily suspended repurchases under the share repurchase programs due to the acquisition of Credit Suisse; update to be provided with 2023 year-end results 11

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