UBS Group AG announces launch of new share repurchase program of up to USD 2bn

Zurich, 2 April 2024 – In total, 298,537,950 UBS Group AG shares were repurchased via a separate trading line on the SIX Swiss Exchange as part of the 2022 share repurchase program, launched on 31 March 2022, representing 8.62% of the current registered share capital of UBS Group AG. The total repurchase volume amounted to CHF 5,009,665,264 (USD 5,244,697,247), of which CHF 1,181,782,165 in 2023 prior to the announcement of the acquisition of Credit Suisse. On 12 April 2023, the Swiss Takeover Board had approved the use of up to 178,031,942 shares repurchased under the 2022 program, and originally intended for cancellation, for the acquisition of the Credit Suisse Group.

On 3 April 2024, we intend to commence a new 2024 share repurchase program of up to USD 2bn. As previously communicated, in 2024 we expect to repurchase up to USD 1bn of our shares, commencing after the completion of the merger of UBS AG and Credit Suisse AG which is expected to occur by the end of the second quarter. Our ambition is for share repurchases to exceed our pre-acquisition level by 2026.

Further information on both the concluded and the new share repurchase programs is available at the following webpage: https://www.ubs.com/global/en/investor-relations/investors/shareholder-information/share-repurchase-program.html



UBS Group AG

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