UBS Fixed Income Presentation Deck

Non-core and Legacy rundown to drive lower costs and efficient capital release Natural run-off profile¹ RWA excluding operational risk, pro forma, USD bn 55 51 || 2Q23 YE23 41 YE24 ~50% decrease in RWA from natural run-off profile excluding op-risk 34 YE25 UBS 1 Reflects contractual maturities and excludes actions to actively hedge the portfolio 28 YE26 Rundown approach Natural run-off profile to be accelerated with active unwinds when economically accretive Reduce operating costs Efficient release of capital Protect our customer franchise 9

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