UBS Fixed Income Presentation Deck

Executing on plans to achieve greater than 10bn gross cost reductions by year-end 2026 Non-core and Legacy and Credit Suisse Investment Bank restructuring Costs to decline substantially as businesses, assets and positions are exited Synergies across core businesses Organizational right-sizing Reduce duplication Real estate rationalization Large majority of Credit Suisse IB costs and all costs within existing Credit Suisse CRU to be run down One platform Legal entity consolidation Application decommissioning >10bn gross cost reductions by end-2026 vs. FY22¹ <70% underlying2 cost/income ratio 2026 exit rate Cumulative integration-related expenses expected to be broadly offset by pull to par effects UBS 1 FY22 baseline is pro forma combined, Credit Suisse based on adjusted view with further adjustment to reclassify CHF 1.0bn of commission costs from expenses to contra-revenue to align further with IFRS accounting treatment. UBS figures adjusted to exclude restructuring and litigation expenses; 2 Excluding items not representative of underlying performance such as integration-related expenses and pull to par effects 10

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