<SEC-DOCUMENT>0001610520-24-000018.txt : 20240206
<SEC-HEADER>0001610520-24-000018.hdr.sgml : 20240206
<ACCEPTANCE-DATETIME>20240206062803
ACCESSION NUMBER:		0001610520-24-000018
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20231231
FILED AS OF DATE:		20240206
DATE AS OF CHANGE:		20240206

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UBS Group AG
		CENTRAL INDEX KEY:			0001610520
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			V8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36764
		FILM NUMBER:		24598025

	BUSINESS ADDRESS:	
		STREET 1:		BAHNHOFSTRASSE 45
		CITY:			ZURICH
		STATE:			V8
		ZIP:			CH-8001
		BUSINESS PHONE:		41-44-234-1111

	MAIL ADDRESS:	
		STREET 1:		BAHNHOFSTRASSE 45
		CITY:			ZURICH
		STATE:			V8
		ZIP:			CH-8001

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CREDIT SUISSE AG
		CENTRAL INDEX KEY:			0001053092
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			V8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33434
		FILM NUMBER:		24598026

	BUSINESS ADDRESS:	
		STREET 1:		PARADEPLATZ 8
		CITY:			ZURICH
		STATE:			V8
		ZIP:			8001
		BUSINESS PHONE:		01141 44 333 1111

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 1
		CITY:			ZURICH
		STATE:			V8
		ZIP:			8070

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CREDIT SUISSE / /FI
		DATE OF NAME CHANGE:	20050607

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CREDIT SUISSE FIRST BOSTON /                            /FI
		DATE OF NAME CHANGE:	19980115

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UBS AG
		CENTRAL INDEX KEY:			0001114446
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			V8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15060
		FILM NUMBER:		24598027

	BUSINESS ADDRESS:	
		STREET 1:		BAHNHOFSTRASSE 45
		CITY:			ZURICH
		STATE:			V8
		ZIP:			CH 8001
		BUSINESS PHONE:		203-719-5241

	MAIL ADDRESS:	
		STREET 1:		600 WASHINGTON BLVD.
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06901
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>edgarq23ubsgroupag.htm
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<img src="edgarq23ubsgroupagp3i0.jpg" alt="edgarq23ubsgroupagp3i0" style="position:absolute;left:56.7px;top:212.1px;width:752px;height:831.5px;clip: rect(0px, 737px, 831.5px, 0px)">
<div id="a123" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a125" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1076.1px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a127" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:77.28px;left:72px;top:41.59px;"><div style="display:inline-block;width:15.07px">&#160;</div>UBS<div style="display:inline-block;width:19.95px">&#160;</div>Group </div><div id="a131" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:24px;color:#E60000;left:88.99px;top:144.56px;">Fourth </div><div id="a132" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:26.72px;color:#E60000;left:162.27px;top:142.08px;">quarter</div><div id="a134" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:24px;left:252.67px;top:144.56px;">2023</div><div id="a136" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:26.72px;left:311.91px;top:142.08px;">report </div></div>
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<div id="a139" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a278" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;color:#E60000;left:56.8px;top:61.42px;">Corporate calendar UBS Group AG </div><div id="a281" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:87.46px;">Publication of the Annual Report 2023:<div style="display:inline-block;width:96.07px">&#160;</div>Thursday, 28 March 2024 </div><div id="a285" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:98.66px;">Publication of the Sustainability Report 2023:<div style="display:inline-block;width:70.88px">&#160;</div>Thursday, 28 March 2024 </div><div id="a289" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:110.05px;">Annual General Meeting 2024:<div style="display:inline-block;width:130.81px">&#160;</div>Wednesday, 24 April 2024 </div><div id="a295" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:121.25px;">Publication of the first quarter 2024 report:<div style="display:inline-block;width:78.93px">&#160;</div>Tuesday,<div style="display:inline-block;width:4.48px">&#160;</div>7 May 2024 </div><div id="a306" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:132.6px;">Publication of the second quarter 2024 report:<div style="display:inline-block;width:64.9px">&#160;</div>Wednesday, 31 July 2024 </div><div id="a319" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:180.76px;">Publication dates of future quarterly and annual reports<div style="display:inline-block;width:1.33px">&#160;</div>and results are made available as </div><div id="a328" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:192.6px;">part of the corporate calendar of UBS Group AG at </div><div id="a333" style="position:absolute;font-family:&apos;Frutiger&apos;;font-style:italic;left:277.67px;top:192.09px;">ubs.com/investors</div><div id="a334" style="position:absolute;font-family:&apos;Frutiger&apos;;left:353.67px;top:192.6px;">. </div><div id="a337" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;color:#E60000;left:56.8px;top:228.17px;">Contacts </div><div id="a339" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:253.96px;">Switchboards </div><div id="a341" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:266.04px;">For all general inquiries<div style="display:inline-block;width:2.01px">&#160;</div></div><div id="a344" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:277.4px;">ubs.com/contact </div><div id="a346" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:296.12px;">Zurich +41-44-234 1111 </div><div id="a352" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:307.48px;">London +44-207-567<div style="display:inline-block;width:2.11px">&#160;</div>8000 </div><div id="a362" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:318.84px;">New York +1-212-821 3000 </div><div id="a368" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:330.2px;">Hong Kong +852-2971 8888 </div><div id="a372" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:341.56px;">Singapore +65-6495 8000 </div><div id="a376" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:360.24px;">Investor Relations </div><div id="a379" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:372px;">UBS&#8217;s Investor Relations team manages </div><div id="a380" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:383.36px;">relationships with institutional investors, </div><div id="a381" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:394.72px;">research analysts and credit rating agencies.<div style="display:inline-block;width:1.91px">&#160;</div></div><div id="a383" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:413.6px;">ubs.com/investors </div><div id="a385" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:432.32px;">Zurich +41-44-234 4100 </div><div id="a391" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:443.68px;">New York +1-212-882 5734 </div><div id="a397" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:462.16px;">Media Relations </div><div id="a399" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:474.08px;">UBS&#8217;s Media Relations team manages </div><div id="a400" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:485.44px;">relationships with global media and </div><div id="a401" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:496.8px;">journalists. </div><div id="a403" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:515.68px;">ubs.com/media </div><div id="a405" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:534.56px;">Zurich +41-44-234 8500 </div><div id="a411" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:545.92px;">mediarelations@ubs.com </div><div id="a413" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:564.8px;">London +44-20-7567 4714<div style="display:inline-block;width:1.84px">&#160;</div></div><div id="a419" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:576.16px;">ubs-media-relations@ubs.com </div><div id="a425" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:594.88px;">New York +1-212-882 5858<div style="display:inline-block;width:2.84px">&#160;</div></div><div id="a431" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:606.24px;">mediarelations@ubs.com </div><div id="a433" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:625.15px;">Hong Kong +852-2971 8200 </div><div id="a437" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:636.51px;">sh-mediarelations-ap@ubs.com </div><div id="a443" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:262.79px;top:253.96px;">Office of the Group Company Secretary </div><div id="a445" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:266.04px;">The Group Company Secretary handles<div style="display:inline-block;width:1.96px">&#160;</div></div><div id="a447" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:277.24px;">inquiries directed to the Chairman or to </div><div id="a454" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:288.6px;">other members of the Board of Directors. </div><div id="a456" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:307.48px;">UBS Group AG, Office of the Group </div><div id="a457" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:318.84px;">Company Secretary </div><div id="a459" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:330.2px;">P.O.<div style="display:inline-block;width:4.26px">&#160;</div>Box, CH-8098 Zurich, Switzerland </div><div id="a464" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:349.08px;">sh-company-secretary@ubs.com </div><div id="a470" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:368px;">Zurich +41-44-235 6652 </div><div id="a478" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:262.79px;top:386.48px;">Shareholder Services </div><div id="a480" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:398.4px;">UBS&#8217;s Shareholder Services team, a unit </div><div id="a482" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:409.76px;">of the Group Company Secretary&#8217;s office, </div><div id="a484" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:421.12px;">manages relationships with shareholders </div><div id="a487" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:432.32px;">and the registration of UBS Group AG </div><div id="a489" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:443.68px;">registered shares.<div style="display:inline-block;width:2.77px">&#160;</div></div><div id="a491" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:462.56px;">UBS Group AG, Shareholder Services </div><div id="a493" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:473.92px;">P.O.<div style="display:inline-block;width:4.26px">&#160;</div>Box, CH-8098 Zurich, Switzerland </div><div id="a497" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:492.8px;">sh-shareholder-services@ubs.com </div><div id="a503" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:511.68px;">Zurich +41-44-235 6652 </div><div id="a509" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:262.79px;top:530.16px;">US Transfer Agent </div><div id="a511" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:542.08px;">For global registered share-related </div><div id="a515" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:553.44px;">inquiries in the US. </div><div id="a517" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:572.32px;">Computershare Trust Company NA </div><div id="a519" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:583.68px;">P.O.<div style="display:inline-block;width:4.26px">&#160;</div>Box 43006 </div><div id="a522" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:595.04px;">Province, RI, 02940 &#8211; 3006, USA </div><div id="a529" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:613.79px;">Shareholder online inquiries: </div><div id="a531" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:625.15px;">www.computershare.com/us/ </div><div id="a536" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:636.51px;">investor-inquiries </div><div id="a541" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:655.39px;">Shareholder website: </div><div id="a543" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:666.75px;">computershare.com/investor </div><div id="a545" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:685.63px;">Calls from the US<div style="display:inline-block;width:2.41px">&#160;</div></div><div id="a547" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:696.99px;">+1-866-305-9566 </div><div id="a555" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:708.19px;">Calls from outside the US </div><div id="a557" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:719.55px;">+1-781-575-2623 </div><div id="a565" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:730.91px;">TDD for hearing impaired </div><div id="a568" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:742.27px;">+1-800-231-5469 </div><div id="a576" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:753.63px;">TDD for foreign shareholders </div><div id="a578" style="position:absolute;font-family:&apos;Frutiger&apos;;left:262.79px;top:764.99px;">+1-201-680-6610 </div><div id="a586" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;color:#E60000;left:56.8px;top:793.03px;">Imprint </div><div id="a588" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:819.07px;">Publisher: UBS Group AG, Zurich, Switzerland | ubs.com </div><div id="a591" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:830.43px;">Language: English<div style="display:inline-block;width:2.15px">&#160;</div></div><div id="a593" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:849.31px;">&#169; UBS 2024. The key symbol and UBS are among<div style="display:inline-block;width:1.44px">&#160;</div>the registered and unregistered </div><div id="a596" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:860.67px;">trademarks of UBS. All rights reserved. </div><div id="a143" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:30.72px;font-weight:bold;left:511.13px;top:74.95px;">1.</div><div id="a145" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:548.09px;top:76.46px;">UBS<div style="display:inline-block;width:3.41px">&#160;</div></div><div id="a147" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:548.09px;top:91.82px;">Group</div><div id="a149" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:531.13px;top:122.29px;">4 </div><div id="a151" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:548.09px;top:120.46px;"><a href="#a1603" style="color:#000000;text-decoration:none;">Recent developments</a></div><div id="a153" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:531.13px;top:137.8px;">9 </div><div id="a155" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:548.09px;top:135.97px;"><a href="#a2553" style="color:#000000;text-decoration:none;">Group performance</a></div><div id="a159" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:30.72px;font-weight:bold;left:511.13px;top:165.06px;">2. </div><div id="a161" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:548.09px;top:166.57px;">UBS business divisions<div style="display:inline-block;width:3.28px">&#160;</div></div><div id="a163" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:548.09px;top:181.93px;">and Group Items </div><div id="a165" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:525.53px;top:212.36px;">20 </div><div id="a167" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:548.09px;top:210.53px;"><a href="#a7533" style="color:#000000;text-decoration:none;">Global Wealth Management</a></div><div id="a169" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:525.53px;top:227.88px;">23 </div><div id="a172" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:548.09px;top:226.05px;"><a href="#a9495" style="color:#000000;text-decoration:none;">Personal &amp; Corporate Banking</a></div><div id="a174" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:525.53px;top:243.24px;">25 </div><div id="a177" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:548.09px;top:241.41px;"><a href="#a11512" style="color:#000000;text-decoration:none;">Asset Management</a></div><div id="a179" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:525.53px;top:259.24px;">27 </div><div id="a182" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:548.09px;top:257.41px;"><a href="#a13393" style="color:#000000;text-decoration:none;">Investment Bank</a></div><div id="a184" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:525.53px;top:275.24px;">29 </div><div id="a187" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:548.09px;top:273.41px;"><a href="#a14613" style="color:#000000;text-decoration:none;">Non-core and Legacy</a></div><div id="a191" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:525.53px;top:291.24px;">30 </div><div id="a193" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:548.09px;top:289.41px;"><a href="#a15564" style="color:#000000;text-decoration:none;">Group Items</a></div><div id="a197" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:30.72px;font-weight:bold;left:511.13px;top:318.98px;">3.</div><div id="a199" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:548.09px;top:320.49px;">Risk, capital, liquidity and funding, </div><div id="a200" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:548.09px;top:335.85px;">and balance sheet</div><div id="a202" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:525.53px;top:366.32px;">32 </div><div id="a205" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:548.09px;top:364.49px;"><a href="#a16263" style="color:#000000;text-decoration:none;">Risk management and control</a></div><div id="a207" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:525.53px;top:381.68px;">38 </div><div id="a210" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:548.09px;top:379.85px;"><a href="#a19186" style="color:#000000;text-decoration:none;">Capital management</a></div><div id="a212" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:525.53px;top:396.88px;">46 </div><div id="a215" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:548.09px;top:395.05px;"><a href="#a23160" style="color:#000000;text-decoration:none;">Liquidity and funding management</a></div><div id="a217" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:525.53px;top:412.24px;">47 </div><div id="a220" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:548.09px;top:410.41px;"><a href="#a23414" style="color:#000000;text-decoration:none;">Balance sheet and off-balance sheet</a></div><div id="a224" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:525.53px;top:427.6px;">49 </div><div id="a227" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:548.09px;top:425.77px;"><a href="#a24419" style="color:#000000;text-decoration:none;">Share information and earnings per share</a></div><div id="a231" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:30.72px;font-weight:bold;left:511.13px;top:454.7px;">4.</div><div id="a233" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:548.09px;top:456.21px;">Consolidated </div><div id="a235" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:548.09px;top:471.57px;">financial information</div><div id="a238" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:525.53px;top:502px;">52 </div><div id="a241" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:548.09px;top:500.17px;"><a href="#a25151" style="color:#000000;text-decoration:none;">UBS Group AG interim consolidated </a></div><div id="a242" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:548.09px;top:515.53px;"><a href="#a25151" style="color:#000000;text-decoration:none;">financial information (unaudited)</a></div><div id="a250" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:548.09px;top:545.97px;">Appendix </div><div id="a254" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:525.53px;top:581.04px;">73 </div><div id="a257" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:548.09px;top:579.21px;"><a href="#a31445" style="color:#000000;text-decoration:none;">Alternative performance measures</a></div><div id="a259" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:525.53px;top:597.36px;">78 </div><div id="a262" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:548.09px;top:595.53px;"><a href="#a32728" style="color:#000000;text-decoration:none;">Abbreviations frequently used in </a></div><div id="a264" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:548.09px;top:610.92px;"><a href="#a32728" style="color:#000000;text-decoration:none;">our financial reports</a></div><div id="a266" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:525.53px;top:628.11px;">80 </div><div id="a268" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:548.09px;top:626.28px;"><a href="#a33585" style="color:#000000;text-decoration:none;">Information sources </a></div><div id="a270" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:525.53px;top:643.47px;">81 </div><div id="a273" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:548.09px;top:641.64px;"><a href="#a33808" style="color:#000000;text-decoration:none;">Cautionary statement</a></div></div>
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<div id="a603" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a605" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report</div><div id="a607" style="position:absolute;font-family:&apos;Frutiger&apos;;left:235.39px;top:1080.87px;"><div style="display:inline-block;width:496.27px">&#160;</div>2 </div><div id="a610" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:14.08px;left:56.8px;top:51.7px;">Terms used in this report, unless the context requires otherwise </div><div id="a614" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:10.72px;left:56.8px;top:72.23px;">&#8220;UBS,&#8221; &#8220;UBS Group,&#8221; &#8220;UBS Group<div style="display:inline-block;width:0.69px">&#160;</div>AG consolidated,&#8221; &#8220;Group,&#8221;<div style="display:inline-block;width:1.23px">&#160;</div>&#8220;the Group,&#8221; 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:574.97px;top:303.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>14.1 </div><div id="a1053" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:651.81px;top:303.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>4.1 </div><div id="a1056" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.01px;top:303.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>14.6 </div><div id="a1059" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:317.16px;">Return on leverage ratio denominator, gross (%) </div><div id="a1062" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:443.77px;top:317.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>2.6 </div><div id="a1065" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:511.77px;top:317.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>2.8 </div><div id="a1068" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:579.77px;top:317.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>3.2 </div><div id="a1072" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:651.81px;top:317.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>2.9 </div><div id="a1075" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:719.81px;top:317.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>3.3 </div><div id="a1078" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:330.44px;">Cost / income ratio (%)</div><div id="a1079" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:144.19px;top:331.4px;">6</div><div id="a1082" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:434.17px;top:330.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>105.7 </div><div id="a1085" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:506.97px;top:330.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>99.5 </div><div id="a1088" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:574.97px;top:330.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>75.8 </div><div id="a1092" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:647.01px;top:330.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>95.0 </div><div id="a1095" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.01px;top:330.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>72.1 </div><div id="a1098" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:343.72px;">Underlying cost / income ratio (%)</div><div id="a1099" style="position:absolute;font-family:&apos;Frutiger 47 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:357px;">Effective tax rate (%) </div><div id="a1121" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:438.97px;top:357px;">n.m.</div><div id="a1122" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;color:#9A3D37;left:455.29px;top:357.96px;">7</div><div id="a1124" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:506.97px;top:357px;">n.m.</div><div id="a1125" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:523.29px;top:357.96px;">7</div><div id="a1127" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:574.97px;top:357px;"><div style="display:inline-block;width:2.4px">&#160;</div>14.5 </div><div id="a1131" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:651.81px;top:357px;"><div style="display:inline-block;width:2.4px">&#160;</div>2.9 </div><div id="a1134" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.01px;top:357px;"><div style="display:inline-block;width:2.4px">&#160;</div>20.2 </div><div id="a1137" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:370.32px;">Net profit growth (%) </div><div id="a1140" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:441.85px;top:370.32px;">n.m. </div><div id="a1142" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:509.85px;top:370.32px;">n.m. </div><div id="a1144" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:574.97px;top:370.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>22.6 </div><div id="a1148" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:642.21px;top:370.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>280.4 </div><div id="a1151" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:719.81px;top:370.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>2.3 </div><div id="a1154" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:383.28px;">Resources</div><div id="a1155" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:95.87px;top:384.24px;">3</div><div id="a1164" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:396.56px;">Total assets </div><div id="a1167" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:417.35px;top:396.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,717,569 </div><div id="a1170" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:485.37px;top:396.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,644,329 </div><div id="a1173" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:553.37px;top:396.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,104,364 </div><div id="a1177" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:625.41px;top:396.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,717,569 </div><div id="a1180" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:693.41px;top:396.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,104,364 </div><div id="a1183" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:409.84px;">Equity attributable to shareholders </div><div id="a1186" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:429.37px;top:409.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>87,285 </div><div id="a1189" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:497.37px;top:409.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>84,926 </div><div id="a1192" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:565.37px;top:409.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>56,876 </div><div id="a1196" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:637.41px;top:409.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>87,285 </div><div id="a1199" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:409.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>56,876 </div><div id="a1202" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:422.64px;">Common equity tier 1 capital</div><div id="a1203" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:164.99px;top:423.6px;">8</div><div id="a1206" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:429.37px;top:422.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>79,263 </div><div id="a1209" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:497.37px;top:422.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>78,587 </div><div id="a1212" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:565.37px;top:422.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>45,457 </div><div id="a1216" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:637.41px;top:422.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>79,263 </div><div id="a1219" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:422.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>45,457 </div><div id="a1222" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:435.92px;">Risk-weighted assets</div><div id="a1225" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:135.55px;top:436.88px;">8</div><div id="a1228" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:424.55px;top:435.92px;"><div style="display:inline-block;width:2.43px">&#160;</div>546,505 </div><div id="a1231" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:492.57px;top:435.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>546,491 </div><div id="a1234" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:560.57px;top:435.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>319,585 </div><div id="a1238" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:632.61px;top:435.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>546,505 </div><div id="a1241" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:700.61px;top:435.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>319,585 </div><div id="a1244" style="position:absolute;font-family:&apos;Frutiger 47 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.01px;top:449.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>14.2 </div><div id="a1264" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:462.48px;">Going concern capital ratio (%)</div><div id="a1265" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:173.31px;top:463.44px;">8</div><div id="a1268" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:438.97px;top:462.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>17.0 </div><div id="a1271" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:506.97px;top:462.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>16.8 </div><div id="a1274" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:574.97px;top:462.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>18.2 </div><div id="a1278" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:647.01px;top:462.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>17.0 </div><div id="a1281" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.01px;top:462.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>18.2 </div><div id="a1284" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:475.76px;">Total loss-absorbing capacity ratio (%)</div><div id="a1287" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:199.39px;top:476.72px;">8</div><div id="a1290" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:438.97px;top:475.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>36.6 </div><div id="a1293" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:506.97px;top:475.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>35.7 </div><div id="a1296" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:574.97px;top:475.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>33.0 </div><div id="a1300" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:647.01px;top:475.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>36.6 </div><div id="a1303" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.01px;top:475.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>33.0 </div><div id="a1306" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:489.04px;">Leverage ratio denominator</div><div id="a1307" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:159.71px;top:490px;">8</div><div id="a1310" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:417.35px;top:489.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,695,403 </div><div id="a1313" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:485.37px;top:489.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,615,817 </div><div id="a1316" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:553.37px;top:489.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,028,461 </div><div id="a1320" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:625.41px;top:489.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,695,403 </div><div id="a1323" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:693.41px;top:489.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,028,461 </div><div id="a1326" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:502.32px;">Common equity tier 1 leverage ratio (%)</div><div id="a1327" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:206.11px;top:503.28px;">8</div><div id="a1330" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:443.77px;top:502.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>4.7 </div><div id="a1333" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:511.77px;top:502.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>4.9 </div><div id="a1336" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:579.77px;top:502.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>4.4 </div><div id="a1340" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:651.81px;top:502.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>4.7 </div><div id="a1343" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:719.81px;top:502.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>4.4 </div><div id="a1346" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:515.6px;">Liquidity coverage ratio (%)</div><div id="a1347" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:159.71px;top:516.56px;">9</div><div id="a1350" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:434.17px;top:515.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>215.7 </div><div id="a1353" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:502.17px;top:515.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>196.5 </div><div id="a1356" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:570.17px;top:515.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>163.7 </div><div id="a1360" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:642.21px;top:515.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>215.7 </div><div id="a1363" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:515.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>163.7 </div><div id="a1366" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:528.88px;">Net stable funding ratio (%) </div><div id="a1369" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:434.17px;top:528.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>124.1 </div><div id="a1372" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:502.17px;top:528.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>120.7 </div><div id="a1375" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:570.17px;top:528.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>119.8 </div><div id="a1379" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:642.21px;top:528.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>124.1 </div><div id="a1382" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:528.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>119.8 </div><div id="a1385" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:541.84px;">Other </div><div id="a1394" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:554.96px;">Invested assets (USD bn)</div><div id="a1395" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:148.99px;top:555.92px;">4,10,11</div><div id="a1398" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:434.17px;top:554.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,714 </div><div id="a1401" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:502.17px;top:554.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,373 </div><div id="a1404" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:570.17px;top:554.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,981 </div><div id="a1408" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:642.21px;top:554.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,714 </div><div id="a1411" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:554.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,981 </div><div id="a1414" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:568.24px;">Personnel (full-time equivalents) </div><div id="a1419" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:424.55px;top:568.24px;"><div style="display:inline-block;width:2.43px">&#160;</div>112,842 </div><div id="a1422" 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Refer to the<div style="display:inline-block;width:3.48px">&#160;</div>&#8220;Liquidity and funding management&#8221; section<div style="display:inline-block;width:3.55px">&#160;</div>of this report for more information.<div style="display:inline-block;width:10.56px">&#160;</div>10 Consists of invested assets for<div style="display:inline-block;width:3.57px">&#160;</div>Global </div><div id="a1569" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:713.43px;">Wealth Management, Asset Management and Personal<div style="display:inline-block;width:4.04px">&#160;</div>&amp; Corporate Banking. Refer to &#8220;Note<div style="display:inline-block;width:3.54px">&#160;</div>31 Invested assets and net new<div style="display:inline-block;width:3.41px">&#160;</div>money&#8221; in the &#8220;Consolidated financial statements&#8221;<div style="display:inline-block;width:3.65px">&#160;</div>section of the Annual Report 2022 </div><div id="a1574" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:723.67px;">for more<div style="display:inline-block;width:3.67px">&#160;</div>information.<div style="display:inline-block;width:11.5px">&#160;</div>11 Starting with<div style="display:inline-block;width:3.74px">&#160;</div>the second<div style="display:inline-block;width:3.68px">&#160;</div>quarter of<div style="display:inline-block;width:3.69px">&#160;</div>2023, invested<div style="display:inline-block;width:3.73px">&#160;</div>assets include<div style="display:inline-block;width:3.68px">&#160;</div>invested assets<div style="display:inline-block;width:3.83px">&#160;</div>from associates<div style="display:inline-block;width:3.67px">&#160;</div>in the<div style="display:inline-block;width:3.68px">&#160;</div>Asset Management<div style="display:inline-block;width:3.85px">&#160;</div>business division,<div style="display:inline-block;width:3.72px">&#160;</div>to better<div style="display:inline-block;width:3.68px">&#160;</div>reflect the<div style="display:inline-block;width:3.69px">&#160;</div>business strategy. </div><div id="a1578" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:733.75px;">Comparative figures have been restated to reflect this<div style="display:inline-block;width:3.71px">&#160;</div>change.<div style="display:inline-block;width:9.3px">&#160;</div>12 In the second quarter of 2023, the calculation of<div style="display:inline-block;width:3.51px">&#160;</div>market capitalization was amended to<div style="display:inline-block;width:3.53px">&#160;</div>reflect total shares issued multiplied by the share<div style="display:inline-block;width:3.6px">&#160;</div>price at </div><div id="a1584" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:743.83px;">the end of the period. The calculation was previously based on total<div style="display:inline-block;width:0.66px">&#160;</div>shares outstanding multiplied by the share price at the<div style="display:inline-block;width:0.74px">&#160;</div>end of the period. Market capitalization has been increased by<div style="display:inline-block;width:0.7px">&#160;</div>USD 7.8bn as of 31 December </div><div id="a1588" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:754.07px;">2022 as a result. </div></div>
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<div id="a1590" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a1592" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a1594" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">UBS Group | Recent developments<div style="display:inline-block;width:341.29px">&#160;</div>4 </div><div id="a1598" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:48px;left:56.8px;top:42.19px;">UBS Group </div><div id="a1600" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:16px;left:56.8px;top:125.77px;">Management report </div><div id="a1603" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:29.28px;left:56.8px;top:169.03px;">Recent developments </div><div id="a1605" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;color:#E60000;left:56.8px;top:232.14px;">Integration of Credit Suisse </div><div id="a1609" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:258.4px;">We continue to execute on<div style="display:inline-block;width:2.33px">&#160;</div>our integration plans, working toward<div style="display:inline-block;width:2.34px">&#160;</div>the substantial completion of<div style="display:inline-block;width:2.5px">&#160;</div>the integration by </div><div id="a1610" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:275.84px;">the end of 2026.<div style="display:inline-block;width:2.09px">&#160;</div>We achieved around<div style="display:inline-block;width:2.24px">&#160;</div>USD 4bn in exit<div style="display:inline-block;width:2.25px">&#160;</div>rate gross cost<div style="display:inline-block;width:2.54px">&#160;</div>savings as of<div style="display:inline-block;width:2.34px">&#160;</div>year-end 2023 compared<div style="display:inline-block;width:2.22px">&#160;</div>to the </div><div id="a1617" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:293.12px;">full year<div style="display:inline-block;width:5.29px">&#160;</div>2022 for UBS<div style="display:inline-block;width:5.94px">&#160;</div>and the Credit<div style="display:inline-block;width:5.72px">&#160;</div>Suisse Group combined.<div style="display:inline-block;width:5.46px">&#160;</div>Our strategy for<div style="display:inline-block;width:5.7px">&#160;</div>the wind<div style="display:inline-block;width:5.35px">&#160;</div>down of Non-core<div style="display:inline-block;width:5.5px">&#160;</div>and </div><div id="a1626" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:310.4px;">Legacy led to reductions of USD 6bn in risk-weighted assets (RWA), the three<div style="display:inline-block;width:5.31px">&#160;</div>quarters of which came from active </div><div id="a1642" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:327.84px;">unwinds, and USD 19bn in LRD in the fourth<div style="display:inline-block;width:2.47px">&#160;</div>quarter.<div style="display:inline-block;width:3.53px">&#160;</div></div><div id="a1646" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;color:#E60000;left:56.8px;top:353.76px;">Legal structure integration </div><div id="a1648" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:371.24px;">In December 2023, the<div style="display:inline-block;width:2.49px">&#160;</div>Board of Directors of UBS<div style="display:inline-block;width:2.4px">&#160;</div>Group AG (the BoD) approved the<div style="display:inline-block;width:2.41px">&#160;</div>merger of UBS AG and<div style="display:inline-block;width:2.33px">&#160;</div>Credit </div><div id="a1661" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:388.52px;">Suisse AG, and both entities entered into a<div style="display:inline-block;width:5.25px">&#160;</div>definitive merger agreement. 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We<div style="display:inline-block;width:2.33px">&#160;</div>also expect business-led </div><div id="a1815" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1003.94px;">actions to optimize<div style="display:inline-block;width:1.98px">&#160;</div>returns on<div style="display:inline-block;width:2.5px">&#160;</div>RWA in our<div style="display:inline-block;width:2.11px">&#160;</div>core businesses<div style="display:inline-block;width:2.32px">&#160;</div>to result in<div style="display:inline-block;width:2.18px">&#160;</div>a further decrease<div style="display:inline-block;width:1.93px">&#160;</div>in RWA around<div style="display:inline-block;width:1.94px">&#160;</div>USD 15bn. </div></div>
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<div id="a1832" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a1834" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a1836" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">UBS Group | Recent developments<div style="display:inline-block;width:341.29px">&#160;</div>5 </div><div id="a1840" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;color:#E60000;left:56.8px;top:46.37px;">Business division ambitions </div><div id="a1842" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:63.81px;">Our business divisions aim to achieve the following. </div><div id="a1845" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:89.73px;">&#8211;</div><div id="a1847" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:75.68px;top:89.73px;">Global<div style="display:inline-block;width:7.27px">&#160;</div>Wealth<div style="display:inline-block;width:7px">&#160;</div>Management:<div style="display:inline-block;width:6.93px">&#160;</div>surpass<div style="display:inline-block;width:7.05px">&#160;</div>USD<div style="display:inline-block;width:7.3px">&#160;</div>5trn<div style="display:inline-block;width:7.19px">&#160;</div>of<div style="display:inline-block;width:7.16px">&#160;</div>invested<div style="display:inline-block;width:7.19px">&#160;</div>assets<div style="display:inline-block;width:7.03px">&#160;</div>over<div style="display:inline-block;width:7.31px">&#160;</div>the<div style="display:inline-block;width:7.16px">&#160;</div>next<div style="display:inline-block;width:7.31px">&#160;</div>five<div style="display:inline-block;width:7.21px">&#160;</div>years,<div style="display:inline-block;width:7.03px">&#160;</div>with<div style="display:inline-block;width:7.32px">&#160;</div>around </div><div id="a1850" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:75.68px;top:107.2px;">USD 100bn of net new assets annually through 2025 building to around<div style="display:inline-block;width:2.49px">&#160;</div>USD 200bn annually by 2028, and an </div><div id="a1874" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:75.68px;top:124.48px;">underlying cost / income ratio of less than 70%<div style="display:inline-block;width:2.42px">&#160;</div>by the end of 2026 (exit rate). </div><div id="a1883" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:150.4px;">&#8211;</div><div id="a1885" 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style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:75.68px;top:176.32px;">Asset Management: an underlying cost<div style="display:inline-block;width:2.55px">&#160;</div>/ income ratio of less than 70% by the end<div style="display:inline-block;width:2.42px">&#160;</div>of 2026 (exit rate). </div><div id="a1893" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:202.4px;">&#8211;</div><div id="a1895" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:75.68px;top:202.4px;">The Investment Bank: an underlying<div style="display:inline-block;width:2.46px">&#160;</div>return on attributed equity of approximately<div style="display:inline-block;width:2px">&#160;</div>15% through the cycle, while </div><div id="a1901" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:75.68px;top:219.84px;">operating with no more than 25% of the<div 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The<div style="display:inline-block;width:5.5px">&#160;</div>affected legal<div style="display:inline-block;width:5.47px">&#160;</div>entities of the<div style="display:inline-block;width:5.71px">&#160;</div>UBS </div><div id="a2063" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:765.82px;">Group are compliant with these requirements. </div><div id="a2065" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;color:#E60000;left:56.8px;top:791.74px;">Financial Stability Board updates list of global<div style="display:inline-block;width:2.5px">&#160;</div>systemically important banks<div style="display:inline-block;width:2.88px">&#160;</div></div><div id="a2067" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:809.18px;">In November 2023, the Financial<div style="display:inline-block;width:5.5px">&#160;</div>Stability Board (the FSB) published<div style="display:inline-block;width:5.47px">&#160;</div>the 2023 list of global<div style="display:inline-block;width:5.66px">&#160;</div>systemically important </div><div id="a2068" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:826.46px;">banks (G-SIBs).<div style="display:inline-block;width:2.25px">&#160;</div>UBS has been<div style="display:inline-block;width:1.82px">&#160;</div>moved from<div style="display:inline-block;width:2.57px">&#160;</div>Bucket 1 to<div style="display:inline-block;width:1.87px">&#160;</div>Bucket 2,<div style="display:inline-block;width:2.55px">&#160;</div>corresponding to<div style="display:inline-block;width:2.37px">&#160;</div>an increased FSB<div style="display:inline-block;width:2.03px">&#160;</div>common equity </div><div id="a2071" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:843.9px;">tier 1 capital<div style="display:inline-block;width:5.54px">&#160;</div>surcharge requirement<div style="display:inline-block;width:5.75px">&#160;</div>of 1.5%<div style="display:inline-block;width:5.6px">&#160;</div>from 1.0%,<div style="display:inline-block;width:5.84px">&#160;</div>effective from<div style="display:inline-block;width:5.97px">&#160;</div>1 January 2025.<div style="display:inline-block;width:5.37px">&#160;</div>Credit Suisse<div style="display:inline-block;width:5.82px">&#160;</div>has been </div><div id="a2081" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:861.22px;">removed from the list. 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<div id="a2087" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a2089" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a2091" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">UBS Group | Recent developments<div style="display:inline-block;width:341.29px">&#160;</div>6 </div><div id="a2095" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;color:#E60000;left:56.8px;top:46.37px;">Implementation of global minimum taxation<div style="display:inline-block;width:2.46px">&#160;</div>in Switzerland </div><div id="a2097" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:63.81px;">In<div style="display:inline-block;width:5.36px">&#160;</div>June 2023,<div style="display:inline-block;width:6.29px">&#160;</div>the Swiss<div style="display:inline-block;width:6.21px">&#160;</div>electorate voted<div style="display:inline-block;width:6.05px">&#160;</div>in<div style="display:inline-block;width:5.36px">&#160;</div>favor of<div style="display:inline-block;width:6.19px">&#160;</div>the introduction<div style="display:inline-block;width:6.43px">&#160;</div>of a<div style="display:inline-block;width:6.61px">&#160;</div>minimum corporate<div style="display:inline-block;width:5.9px">&#160;</div>tax rate<div style="display:inline-block;width:6.33px">&#160;</div>of 15% </div><div id="a2101" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:81.09px;">applicable to companies<div style="display:inline-block;width:5.49px">&#160;</div>with a consolidated<div style="display:inline-block;width:5.51px">&#160;</div>turnover of more<div style="display:inline-block;width:5.52px">&#160;</div>than EUR 750m, as<div style="display:inline-block;width:5.53px">&#160;</div>stipulated by the<div style="display:inline-block;width:5.61px">&#160;</div>Global Anti-</div><div id="a2108" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:98.37px;">Base<div style="display:inline-block;width:7.01px">&#160;</div>Erosion<div style="display:inline-block;width:7.15px">&#160;</div>Model<div style="display:inline-block;width:6.93px">&#160;</div>Rules<div style="display:inline-block;width:6.77px">&#160;</div>(Pillar<div style="display:inline-block;width:7.13px">&#160;</div>Two)<div style="display:inline-block;width:8.3px">&#160;</div>of<div style="display:inline-block;width:7px">&#160;</div>the<div style="display:inline-block;width:7px">&#160;</div>Organisation<div style="display:inline-block;width:6.84px">&#160;</div>for<div style="display:inline-block;width:6.95px">&#160;</div>Economic<div style="display:inline-block;width:6.91px">&#160;</div>Co-operation<div style="display:inline-block;width:6.67px">&#160;</div>and<div style="display:inline-block;width:7.06px">&#160;</div>Development.<div style="display:inline-block;width:6.53px">&#160;</div>In </div><div id="a2111" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:115.84px;">December 2023, the Swiss Federal Council decided on a<div style="display:inline-block;width:5.33px">&#160;</div>partial adoption in Switzerland,<div style="display:inline-block;width:4.53px">&#160;</div>by way of an ordinance, </div><div id="a2117" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:133.12px;">and, as a result, a<div style="display:inline-block;width:5.38px">&#160;</div>domestic minimum top-up tax regime became effective<div style="display:inline-block;width:5.58px">&#160;</div>from 1 January 2024, ensuring a Swiss </div><div id="a2127" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:150.4px;">local<div style="display:inline-block;width:5.42px">&#160;</div>minimal tax<div style="display:inline-block;width:6.56px">&#160;</div>burden<div style="display:inline-block;width:5.36px">&#160;</div>of<div style="display:inline-block;width:5.4px">&#160;</div>at<div style="display:inline-block;width:5.39px">&#160;</div>least<div style="display:inline-block;width:5.26px">&#160;</div>15%. 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<div id="a2305" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a2307" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a2309" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">UBS Group | Recent developments<div style="display:inline-block;width:341.29px">&#160;</div>7 </div><div id="a2313" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;color:#E60000;left:56.8px;top:46.37px;">US banking agencies adopt amendments<div style="display:inline-block;width:2.45px">&#160;</div>to Community Reinvestment Act regulations </div><div id="a2317" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:63.81px;">In<div style="display:inline-block;width:7.12px">&#160;</div>October<div style="display:inline-block;width:6.86px">&#160;</div>2023,<div style="display:inline-block;width:7.01px">&#160;</div>the<div style="display:inline-block;width:7px">&#160;</div>FRB,<div style="display:inline-block;width:7.14px">&#160;</div>the<div style="display:inline-block;width:7px">&#160;</div>FDIC<div style="display:inline-block;width:7.04px">&#160;</div>and<div style="display:inline-block;width:7.06px">&#160;</div>the<div style="display:inline-block;width:7px">&#160;</div>OCC<div style="display:inline-block;width:7.05px">&#160;</div>adopted<div style="display:inline-block;width:6.87px">&#160;</div>revisions<div style="display:inline-block;width:7.16px">&#160;</div>to<div style="display:inline-block;width:7px">&#160;</div>their<div style="display:inline-block;width:7.18px">&#160;</div>regulations<div style="display:inline-block;width:7.02px">&#160;</div>implementing<div style="display:inline-block;width:6.67px">&#160;</div>the </div><div id="a2318" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:81.09px;">Community Reinvestment Act (the CRA).<div style="display:inline-block;width:2.49px">&#160;</div>The CRA encourages banks to meet the<div style="display:inline-block;width:2.31px">&#160;</div>credit needs of the communities </div><div id="a2319" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:98.37px;">in which<div style="display:inline-block;width:2.1px">&#160;</div>they do<div style="display:inline-block;width:1.82px">&#160;</div>business, with<div style="display:inline-block;width:1.72px">&#160;</div>a focus<div style="display:inline-block;width:1.93px">&#160;</div>on low-<div style="display:inline-block;width:2.05px">&#160;</div>and moderate-income<div style="display:inline-block;width:1.4px">&#160;</div>communities.<div style="display:inline-block;width:2.47px">&#160;</div>The final<div style="display:inline-block;width:2.12px">&#160;</div>rule would<div style="display:inline-block;width:1.75px">&#160;</div>implement </div><div id="a2325" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:115.84px;">separate<div style="display:inline-block;width:7.23px">&#160;</div>evaluations<div style="display:inline-block;width:6.95px">&#160;</div>for<div style="display:inline-block;width:7.27px">&#160;</div>retail<div style="display:inline-block;width:7.34px">&#160;</div>lending,<div style="display:inline-block;width:7.15px">&#160;</div>retail<div style="display:inline-block;width:7.5px">&#160;</div>services<div style="display:inline-block;width:6.97px">&#160;</div>and<div style="display:inline-block;width:7.38px">&#160;</div>products,<div style="display:inline-block;width:7.27px">&#160;</div>community<div style="display:inline-block;width:6.98px">&#160;</div>development<div style="display:inline-block;width:6.88px">&#160;</div>financing,<div style="display:inline-block;width:7.09px">&#160;</div>and </div><div id="a2326" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:133.12px;">community development services<div style="display:inline-block;width:2.44px">&#160;</div>for banks with over USD<div style="display:inline-block;width:2.56px">&#160;</div>2bn in total assets. 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style="display:inline-block;width:5.94px">&#160;</div>sell our<div style="display:inline-block;width:6.15px">&#160;</div>Brazilian real<div style="display:inline-block;width:6.14px">&#160;</div>estate fund<div style="display:inline-block;width:5.85px">&#160;</div>management business,<div style="display:inline-block;width:5.32px">&#160;</div>Credit </div><div id="a2428" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:809.18px;">Suisse Hedging-Griffo Real Estate, to Patria Investments for up to BRL 650m (approximately USD 130m). After the </div><div id="a2443" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:826.46px;">sale, we will continue to offer Patria&#8217;s funds to our wealth management clients<div style="display:inline-block;width:2.56px">&#160;</div>in Brazil. The transaction is subject </div><div id="a2453" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:843.9px;">to the approval of the investors in the relevant funds and customary<div style="display:inline-block;width:2.18px">&#160;</div>anti-trust approvals. </div><div id="a2457" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;color:#E60000;left:56.8px;top:869.86px;">Changes to the Board of Directors </div><div id="a2459" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:887.3px;">On 12 January<div style="display:inline-block;width:5.5px">&#160;</div>2024, the<div style="display:inline-block;width:5.61px">&#160;</div>BoD announced<div style="display:inline-block;width:5.48px">&#160;</div>that it<div style="display:inline-block;width:5.66px">&#160;</div>intends to<div style="display:inline-block;width:5.66px">&#160;</div>nominate Gail<div style="display:inline-block;width:5.59px">&#160;</div>Kelly for<div style="display:inline-block;width:5.45px">&#160;</div>election to<div style="display:inline-block;width:5.75px">&#160;</div>the Board<div style="display:inline-block;width:5.88px">&#160;</div>at the </div><div id="a2465" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:904.58px;">Annual General Meeting<div style="display:inline-block;width:2.51px">&#160;</div>on 24 April 2024. Dieter<div style="display:inline-block;width:2.32px">&#160;</div>Wemmer will not stand<div style="display:inline-block;width:2.49px">&#160;</div>for re-election after eight<div style="display:inline-block;width:2.41px">&#160;</div>years of Board </div><div id="a2470" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:921.86px;">membership.<div style="display:inline-block;width:3.55px">&#160;</div></div></div>
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<div id="a2474" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a2476" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a2478" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">UBS Group | Recent developments<div style="display:inline-block;width:341.29px">&#160;</div>8 </div><div id="a2482" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;color:#E60000;left:56.8px;top:46.37px;">Changes to the Group Executive Board<div style="display:inline-block;width:2.77px">&#160;</div></div><div id="a2484" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:63.81px;">On 24 January 2024, UBS Group AG announced that Aleksandar Ivanovic<div style="display:inline-block;width:2.39px">&#160;</div>will join the Group Executive Board (the </div><div id="a2494" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:81.09px;">GEB) as President Asset Management and Beatriz Martin Jimenez will become the GEB Lead for Sustainability and </div><div id="a2499" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:98.37px;">Impact in addition to her existing responsibilities. They are succeeding Suni Harford, who is retiring<div style="display:inline-block;width:5.58px">&#160;</div>from the firm. </div><div id="a2501" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:115.84px;">The changes are effective from 1 March 2024.<div style="display:inline-block;width:3.41px">&#160;</div></div><div id="a2505" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;color:#E60000;left:56.8px;top:141.76px;">Material weaknesses in the Credit Suisse<div style="display:inline-block;width:2.52px">&#160;</div>Group&#8217;s internal control over financial reporting<div style="display:inline-block;width:2.41px">&#160;</div></div><div id="a2507" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:159.2px;">As previously disclosed,<div style="display:inline-block;width:1.96px">&#160;</div>UBS Group, UBS<div style="display:inline-block;width:2.13px">&#160;</div>AG and Credit<div style="display:inline-block;width:2.2px">&#160;</div>Suisse AG are<div style="display:inline-block;width:2.26px">&#160;</div>subject to requirements<div style="display:inline-block;width:2.26px">&#160;</div>under the Sarbanes&#8211;</div><div id="a2509" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:176.48px;">Oxley Act<div style="display:inline-block;width:5.32px">&#160;</div>of 2002 with<div style="display:inline-block;width:5.74px">&#160;</div>respect to<div style="display:inline-block;width:5.45px">&#160;</div>financial reporting. 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:657.41px;top:222.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>40,834 </div><div id="a2721" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:704.29px;top:222.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>34,563 </div><div id="a2724" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:239.24px;">Negative goodwill </div><div id="a2734" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:657.41px;top:239.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>28,925 </div><div id="a2738" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:255.56px;">Credit loss expense / (release) </div><div id="a2741" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:424.23px;top:255.56px;"><div style="display:inline-block;width:2.43px">&#160;</div>136 </div><div id="a2744" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:471.29px;top:255.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>239 </div><div id="a2747" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:527.93px;top:255.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>7 </div><div id="a2751" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:570.97px;top:255.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>(43) </div><div id="a2756" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:662.21px;top:255.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,037 </div><div id="a2759" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:721.09px;top:255.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>29 </div><div id="a2773" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:278.92px;">Personnel expenses </div><div id="a2776" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:417.03px;top:278.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>7,061 </div><div id="a2779" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:464.09px;top:278.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>7,567 </div><div id="a2782" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:511.13px;top:278.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,122 </div><div id="a2786" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:575.77px;top:278.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(7) </div><div id="a2789" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:623.17px;top:278.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>71 </div><div id="a2793" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:657.41px;top:278.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>24,899 </div><div id="a2796" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:704.29px;top:278.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>17,680 </div><div id="a2799" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:294.92px;">General and administrative expenses </div><div id="a2802" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:417.03px;top:294.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,999 </div><div id="a2805" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:464.09px;top:294.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,124 </div><div id="a2808" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:511.13px;top:294.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,420 </div><div id="a2812" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:575.77px;top:294.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(4) </div><div id="a2815" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:618.37px;top:294.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>111 </div><div id="a2819" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:657.41px;top:294.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>10,156 </div><div id="a2822" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:709.09px;top:294.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,189 </div><div id="a2825" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:310.92px;">Depreciation, amortization and impairment of non-financial<div style="display:inline-block;width:0.9px">&#160;</div>assets </div><div id="a2830" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:417.03px;top:310.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,409 </div><div id="a2833" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:471.29px;top:310.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>950 </div><div id="a2836" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:518.33px;top:310.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>543 </div><div id="a2840" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:576.09px;top:310.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>48 </div><div id="a2843" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:618.37px;top:310.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>159 </div><div id="a2847" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:662.21px;top:310.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,750 </div><div id="a2850" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:709.09px;top:310.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,061 </div><div id="a2853" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:326.6px;">Operating expenses </div><div id="a2856" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:412.23px;top:326.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>11,470 </div><div id="a2859" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:459.29px;top:326.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>11,640 </div><div id="a2862" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:511.13px;top:326.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>6,085 </div><div id="a2866" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:575.77px;top:326.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1) </div><div id="a2869" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:623.17px;top:326.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>88 </div><div id="a2873" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:657.41px;top:326.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>38,806 </div><div id="a2876" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:704.29px;top:326.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>24,930 </div><div id="a2879" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:342.92px;">Operating profit / (loss) before tax </div><div id="a2882" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:418.95px;top:342.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(751) </div><div id="a2885" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:466.17px;top:342.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(184) </div><div id="a2888" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:511.13px;top:342.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,937 </div><div id="a2892" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:571.29px;top:342.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>307 </div><div id="a2897" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:657.41px;top:342.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>29,916 </div><div id="a2900" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:709.09px;top:342.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>9,604 </div><div id="a2903" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:358.92px;">Tax expense / (benefit)<div style="display:inline-block;width:2.62px">&#160;</div></div><div id="a2906" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:418.95px;top:358.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(473) </div><div id="a2909" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:471.29px;top:358.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>526 </div><div id="a2912" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:518.33px;top:358.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>280 </div><div id="a2919" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:669.41px;top:358.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>873 </div><div id="a2922" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:709.09px;top:358.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,942 </div><div id="a2925" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:374.64px;">Net profit / (loss) </div><div id="a2928" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:418.95px;top:374.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>(278) </div><div id="a2931" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:466.17px;top:374.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>(711) </div><div id="a2934" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:511.13px;top:374.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,657 </div><div id="a2938" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:570.97px;top:374.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>(61) </div><div id="a2943" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:657.41px;top:374.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>29,043 </div><div id="a2946" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:709.09px;top:374.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>7,661 </div><div id="a2949" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:391.6px;">Net profit / (loss) attributable to non-controlling interests </div><div id="a2954" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:433.85px;top:391.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>1 </div><div id="a2957" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:480.89px;top:391.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>4 </div><div id="a2960" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:527.93px;top:391.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>4 </div><div id="a2964" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:570.97px;top:391.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>(80) </div><div id="a2967" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:618.05px;top:391.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>(79) </div><div id="a2971" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:674.21px;top:391.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>16 </div><div id="a2974" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:721.09px;top:391.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>32 </div><div id="a2977" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:407.6px;">Net profit / (loss) attributable to shareholders </div><div id="a2980" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:418.95px;top:407.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>(279) </div><div id="a2983" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:466.17px;top:407.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>(715) </div><div id="a2986" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:511.13px;top:407.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,653 </div><div id="a2990" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:570.97px;top:407.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>(61) </div><div id="a2995" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:657.41px;top:407.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>29,027 </div><div id="a2998" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:709.09px;top:407.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>7,630 </div><div id="a3012" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;color:#9A3D37;left:59.36px;top:439.6px;">Comprehensive income </div><div id="a3024" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:455.28px;">Total comprehensive income </div><div id="a3027" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:417.03px;top:455.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,695 </div><div id="a3030" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:458.97px;top:455.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2,622) </div><div id="a3033" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:511.13px;top:455.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,208 </div><div id="a3038" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:623.17px;top:455.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>22 </div><div id="a3042" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:657.41px;top:455.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>30,035 </div><div id="a3045" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:709.09px;top:455.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,167 </div><div id="a3048" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:472.24px;">Total comprehensive income attributable to non-controlling interests </div><div id="a3053" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:429.05px;top:472.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>18 </div><div id="a3056" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:475.77px;top:472.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>(8) </div><div id="a3059" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:523.13px;top:472.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>17 </div><div id="a3064" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:627.97px;top:472.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>5 </div><div id="a3068" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:674.21px;top:472.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>22 </div><div id="a3071" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:721.09px;top:472.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>18 </div><div id="a3074" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:488.24px;">Total comprehensive income attributable to shareholders </div><div id="a3078" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:417.03px;top:488.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,677 </div><div id="a3081" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:458.97px;top:488.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2,614) </div><div id="a3084" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:511.13px;top:488.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,190 </div><div id="a3089" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:623.17px;top:488.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>22 </div><div id="a3093" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:657.41px;top:488.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>30,013 </div><div id="a3096" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:709.09px;top:488.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,149 </div><div id="a3099" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:503.81px;">1 Comparative-period information has been revised. Refer to &#8220;Accounting<div style="display:inline-block;width:3.47px">&#160;</div>for the acquisition of the Credit Suisse Group&#8221; in the &#8220;Consolidated<div style="display:inline-block;width:2.7px">&#160;</div>financial information&#8221; section of this report for more information. </div></div>
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<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:147.5px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:159.9px; background-color:#74726F; ">&#160;</div>
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<div style="position:absolute; width:680.1px; height:1.9px; left:56.8px; top:295.9px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:321.4px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:357.2px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:371.2px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:395px; background-color:#74726F; ">&#160;</div>
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<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:619.5px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1.3px; left:56.8px; top:633.4px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1.3px; left:56.8px; top:647.6px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1.3px; left:56.8px; top:661.7px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1.3px; left:56.8px; top:675.8px; background-color:#74726F; ">&#160;</div>
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style="display:inline-block;width:2.4px">&#160;</div>(1) </div><div id="a3241" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:546.17px;top:175.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>48 </div><div id="a3244" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:602.21px;top:175.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>15 </div><div id="a3247" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:661.89px;top:175.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2) </div><div id="a3250" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:717.41px;top:175.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>136 </div><div id="a3253" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:189.8px;">Operating expenses as reported </div><div id="a3255" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:366.15px;top:189.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,070 </div><div id="a3258" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:418.15px;top:189.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,560 </div><div id="a3261" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:485.37px;top:189.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>691 </div><div id="a3264" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:534.17px;top:189.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,260 </div><div id="a3267" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:590.17px;top:189.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,873 </div><div id="a3270" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:662.21px;top:189.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>17 </div><div id="a3273" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:189.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>11,470 </div><div id="a3276" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:203.56px;">of which: integration-related expenses </div><div id="a3281" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:373.35px;top:203.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>490 </div><div id="a3284" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:425.35px;top:203.56px;"><div style="display:inline-block;width:2.43px">&#160;</div>188 </div><div id="a3287" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:490.17px;top:203.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>66 </div><div id="a3290" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:541.37px;top:203.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>166 </div><div id="a3293" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:597.37px;top:203.56px;"><div style="display:inline-block;width:2.44px">&#160;</div>749 </div><div id="a3296" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:662.21px;top:203.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>93 </div><div id="a3299" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:710.21px;top:203.56px;"><div 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style="display:inline-block;width:2.4px">&#160;</div>1,343 </div><div id="a3339" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:485.37px;top:255.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>625 </div><div id="a3342" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:534.17px;top:255.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,094 </div><div id="a3345" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:590.17px;top:255.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,124 </div><div id="a3348" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:656.93px;top:255.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>(75) </div><div id="a3351" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:710.21px;top:255.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>9,690 </div><div id="a3354" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:269.32px;">Operating profit / (loss) before tax as reported </div><div id="a3356" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:373.35px;top:269.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>381 </div><div id="a3359" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:425.35px;top:269.32px;"><div style="display:inline-block;width:2.43px">&#160;</div>788 </div><div id="a3362" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:485.37px;top:269.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>115 </div><div id="a3365" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:536.09px;top:269.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>(169) </div><div id="a3368" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:584.89px;top:269.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1,726) </div><div id="a3371" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:652.13px;top:269.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>(140) </div><div id="a3374" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:712.13px;top:269.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>(751) </div><div id="a3377" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:283.4px;">Operating profit / (loss) before tax (underlying) </div><div id="a3379" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:373.35px;top:283.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>778 </div><div id="a3382" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:425.35px;top:283.4px;"><div style="display:inline-block;width:2.43px">&#160;</div>908 </div><div id="a3385" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:485.37px;top:283.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>180 </div><div id="a3388" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:536.09px;top:283.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(280) </div><div id="a3391" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:592.09px;top:283.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(977) </div><div id="a3394" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:656.93px;top:283.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(17) </div><div id="a3397" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:717.41px;top:283.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>592 </div><div id="a3402" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:464.25px;top:308.84px;">For the quarter ended 30.9.23 revised</div><div id="a3403" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:602.53px;top:309.8px;">1</div><div id="a3405" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:59.36px;top:345.8px;">USD m </div><div id="a3407" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:337.99px;top:334.12px;">Global Wealth </div><div id="a3408" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:341.83px;top:345.8px;">Management </div><div id="a3410" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:403.11px;top:322.44px;">Personal &amp; </div><div id="a3412" style="position:absolute;font-family:&apos;Frutiger 47 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:629.57px;top:345.8px;">Group Items </div><div id="a3431" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:716.13px;top:345.8px;">Total </div><div id="a3433" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:358.6px;">Total revenues as reported </div><div id="a3435" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:366.15px;top:358.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,810 </div><div id="a3438" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:418.15px;top:358.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,871 </div><div id="a3441" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:485.37px;top:358.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>755 </div><div id="a3444" style="position:absolute;font-family:&apos;Frutiger 47 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id="a3459" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:373.35px;top:383.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>318 </div><div id="a3462" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:425.35px;top:383.6px;"><div style="display:inline-block;width:2.43px">&#160;</div>446 </div><div id="a3466" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:541.37px;top:383.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>251 </div><div id="a3470" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:657.09px;top:383.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>(57) </div><div id="a3473" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:717.41px;top:383.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>958 </div><div id="a3476" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:396.56px;">Total revenues (underlying) </div><div id="a3478" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:366.15px;top:396.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,492 </div><div id="a3481" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:418.15px;top:396.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,426 </div><div id="a3484" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:485.37px;top:396.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>755 </div><div id="a3487" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:534.17px;top:396.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,900 </div><div id="a3490" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:597.37px;top:396.56px;"><div style="display:inline-block;width:2.44px">&#160;</div>350 </div><div id="a3493" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:652.29px;top:396.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>(186) </div><div id="a3496" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:396.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>10,737 </div><div id="a3499" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:410.64px;">Credit loss expense / (release) </div><div id="a3501" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:382.95px;top:410.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>2 </div><div id="a3504" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:425.35px;top:410.64px;"><div style="display:inline-block;width:2.43px">&#160;</div>168 </div><div id="a3507" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:494.97px;top:410.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a3510" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:550.97px;top:410.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>4 </div><div id="a3513" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:602.21px;top:410.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>59 </div><div id="a3516" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:667.01px;top:410.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>6 </div><div id="a3519" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:717.41px;top:410.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>239 </div><div id="a3522" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:424.88px;">Operating expenses as reported </div><div id="a3524" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:366.15px;top:424.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,801 </div><div id="a3527" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:418.15px;top:424.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,579 </div><div id="a3530" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:485.37px;top:424.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>724 </div><div id="a3533" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:534.17px;top:424.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,377 </div><div id="a3536" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:590.17px;top:424.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,152 </div><div id="a3539" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:667.01px;top:424.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>7 </div><div id="a3542" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:424.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>11,640 </div><div id="a3545" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:438.64px;">of which: integration-related expenses </div><div id="a3549" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:373.35px;top:438.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>431 </div><div id="a3552" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:425.35px;top:438.64px;"><div style="display:inline-block;width:2.43px">&#160;</div>166 </div><div id="a3555" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:485.37px;top:438.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>125 </div><div id="a3558" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:541.37px;top:438.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>365 </div><div id="a3561" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:597.37px;top:438.64px;"><div style="display:inline-block;width:2.44px">&#160;</div>918 </div><div id="a3564" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:661.89px;top:438.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2) </div><div id="a3567" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:710.21px;top:438.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,003 </div><div id="a3570" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:452.4px;">of which: acquisition-related costs </div><div id="a3579" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:662.21px;top:452.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>26 </div><div id="a3582" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:722.21px;top:452.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>26 </div><div id="a3585" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:465.68px;">of which: amortization from newly recognized intangibles<div style="display:inline-block;width:0.88px">&#160;</div>resulting from </div><div id="a3587" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:477.36px;">the acquisition of the Credit Suisse Group </div><div id="a3590" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:430.17px;top:477.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>28 </div><div id="a3597" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:722.21px;top:477.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>28 </div><div id="a3600" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:490.32px;">Operating expenses (underlying) </div><div id="a3602" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:366.15px;top:490.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,370 </div><div id="a3605" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:418.15px;top:490.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,385 </div><div id="a3608" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:485.37px;top:490.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>599 </div><div id="a3611" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:534.17px;top:490.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,012 </div><div id="a3614" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:590.17px;top:490.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,234 </div><div id="a3617" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:657.09px;top:490.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>(17) </div><div id="a3620" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:490.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>9,583 </div><div id="a3623" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:504.4px;">Operating profit / (loss) before tax as reported </div><div id="a3625" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:366.15px;top:504.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,007 </div><div id="a3628" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:418.15px;top:504.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,124 </div><div id="a3631" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:490.17px;top:504.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>31 </div><div id="a3634" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:536.25px;top:504.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(230) </div><div id="a3637" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:585.05px;top:504.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1,861) </div><div id="a3640" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:652.29px;top:504.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(255) </div><div id="a3643" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:712.29px;top:504.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(184) </div><div id="a3646" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:518.48px;">Operating profit / (loss) before tax (underlying) </div><div id="a3648" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:366.15px;top:518.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,119 </div><div id="a3651" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:425.35px;top:518.48px;"><div style="display:inline-block;width:2.43px">&#160;</div>872 </div><div id="a3654" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:485.37px;top:518.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>156 </div><div id="a3657" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:536.25px;top:518.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>(116) </div><div id="a3660" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:592.25px;top:518.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>(943) </div><div id="a3663" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:652.29px;top:518.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>(174) </div><div id="a3666" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:717.41px;top:518.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>914 </div><div id="a3671" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:477.21px;top:543.92px;">For the quarter ended 31.12.22 </div><div id="a3673" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:59.36px;top:580.88px;">USD m </div><div id="a3675" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:337.99px;top:569.2px;">Global Wealth </div><div id="a3676" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:341.83px;top:580.88px;">Management </div><div id="a3678" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:403.11px;top:557.52px;">Personal &amp; </div><div id="a3680" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:405.83px;top:569.2px;">Corporate </div><div id="a3682" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:412.55px;top:580.88px;">Banking </div><div id="a3684" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:482.33px;top:569.2px;">Asset<div style="display:inline-block;width:2.28px">&#160;</div></div><div id="a3686" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:453.85px;top:580.88px;">Management </div><div id="a3688" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:518.33px;top:569.2px;">Investment </div><div id="a3690" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:539.77px;top:580.88px;">Bank </div><div id="a3692" 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:485.37px;top:593.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>495 </div><div id="a3712" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:534.17px;top:593.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,682 </div><div id="a3715" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:602.21px;top:593.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>53 </div><div id="a3718" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:662.21px;top:593.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>67 </div><div id="a3721" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:593.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>8,029 </div><div id="a3724" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:607.6px;">of 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:382.95px;top:635.15px;"><div style="display:inline-block;width:2.4px">&#160;</div>3 </div><div id="a3766" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:429.85px;top:635.15px;"><div style="display:inline-block;width:2.4px">&#160;</div>(4) </div><div id="a3769" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:494.97px;top:635.15px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a3772" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:550.97px;top:635.15px;"><div style="display:inline-block;width:2.4px">&#160;</div>8 </div><div id="a3775" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:607.01px;top:635.15px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a3778" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:667.01px;top:635.15px;"><div 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:602.21px;top:677.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>33 </div><div id="a3848" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:662.21px;top:677.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>13 </div><div id="a3851" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:677.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,869 </div><div id="a3854" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:691.99px;">1 Comparative-period information has been revised. Refer to &#8220;Accounting<div style="display:inline-block;width:3.47px">&#160;</div>for the acquisition of the Credit Suisse Group&#8221; in the &#8220;Consolidated<div style="display:inline-block;width:2.7px">&#160;</div>financial information&#8221; section of this report for more information. </div></div>
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<div style="position:absolute; width:679.2px; height:1.9px; left:56.8px; top:734.3px; background-color:#74726F; ">&#160;</div>
<div id="a3861" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a3863" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a3865" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">UBS Group | Group performance<div style="display:inline-block;width:342.59px">&#160;</div>11 </div><div id="a3869" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:59.36px;top:45.26px;">Selected financial information of our business divisions and Group Items </div><div id="a3872" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:457.69px;top:60.82px;">For the year ended 31.12.23 </div><div id="a3874" style="position:absolute;font-family:&apos;Frutiger 47 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:403.91px;top:97.62px;">Management </div><div id="a3889" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:468.41px;top:85.94px;">Investment </div><div id="a3891" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:489.85px;top:97.62px;">Bank </div><div id="a3893" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:514.33px;top:85.94px;">Non-core and </div><div id="a3896" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:539.61px;top:97.62px;">Legacy </div><div id="a3898" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:579.61px;top:97.62px;">Group Items </div><div id="a3900" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:641.73px;top:85.94px;">Negative </div><div id="a3901" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:643.01px;top:97.62px;">goodwill </div><div id="a3903" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:715.97px;top:97.62px;">Total </div><div id="a3905" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:110.61px;">Total revenues as reported </div><div id="a3907" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:311.43px;top:110.61px;"><div style="display:inline-block;width:2.4px">&#160;</div>21,190 </div><div id="a3910" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:368.23px;top:110.61px;"><div style="display:inline-block;width:2.4px">&#160;</div>8,436 </div><div id="a3913" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:428.25px;top:110.61px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,639 </div><div id="a3916" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:484.25px;top:110.61px;"><div style="display:inline-block;width:2.4px">&#160;</div>8,661 </div><div id="a3919" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:547.45px;top:110.61px;"><div style="display:inline-block;width:2.4px">&#160;</div>741 </div><div id="a3922" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:602.21px;top:110.61px;"><div style="display:inline-block;width:2.4px">&#160;</div>(833) </div><div id="a3926" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:110.61px;"><div style="display:inline-block;width:2.4px">&#160;</div>40,834 </div><div id="a3929" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:123.89px;">of which: accretion of PPA adjustments on financial </div><div id="a3930" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:135.56px;">instruments and other effects </div><div id="a3932" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:323.43px;top:135.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>719 </div><div id="a3935" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:368.23px;top:135.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,013 </div><div id="a3939" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:491.45px;top:135.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>583 </div><div id="a3943" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:607.01px;top:135.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>(35) </div><div id="a3947" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:710.21px;top:135.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,280 </div><div id="a3950" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:149.32px;">of which: losses related to investment in SIX Group </div><div id="a3952" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:318.15px;top:149.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>(190) </div><div id="a3955" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:370.15px;top:149.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>(317) </div><div id="a3963" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:712.13px;top:149.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>(508) </div><div id="a3966" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:162.28px;">Total revenues (underlying) </div><div id="a3968" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:311.43px;top:162.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>20,661 </div><div id="a3971" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:368.23px;top:162.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>7,741 </div><div id="a3974" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:428.25px;top:162.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,639 </div><div id="a3977" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:484.25px;top:162.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>8,078 </div><div id="a3980" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:547.45px;top:162.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>741 </div><div id="a3983" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:602.21px;top:162.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>(798) </div><div id="a3987" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:162.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>39,062 </div><div id="a3990" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:176.36px;">Negative goodwill </div><div id="a3998" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:645.41px;top:176.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>28,925 </div><div id="a4001" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:176.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>28,925 </div><div id="a4004" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:190.6px;">Credit loss expense / (release) </div><div id="a4006" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:323.43px;top:190.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>147 </div><div id="a4009" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:375.43px;top:190.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>501 </div><div id="a4012" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:445.05px;top:190.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a4015" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:491.45px;top:190.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>190 </div><div id="a4018" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:547.45px;top:190.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>193 </div><div id="a4021" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:617.09px;top:190.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>6 </div><div id="a4025" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:710.21px;top:190.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,037 </div><div id="a4028" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:204.68px;">Operating expenses as reported </div><div id="a4030" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:311.43px;top:204.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>17,454 </div><div id="a4033" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:368.23px;top:204.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,787 </div><div id="a4036" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:428.25px;top:204.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,321 </div><div id="a4039" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:484.25px;top:204.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>8,515 </div><div id="a4042" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:540.25px;top:204.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,290 </div><div id="a4045" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:607.49px;top:204.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>440 </div><div id="a4049" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:204.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>38,806 </div><div id="a4052" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:218.44px;">of which: integration-related expenses </div><div id="a4056" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:323.43px;top:218.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>988 </div><div id="a4059" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:375.43px;top:218.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>383 </div><div id="a4062" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:435.45px;top:218.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>205 </div><div id="a4065" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:491.45px;top:218.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>692 </div><div id="a4068" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:540.25px;top:218.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,772 </div><div id="a4071" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:607.49px;top:218.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>438 </div><div id="a4075" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:710.21px;top:218.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,478 </div><div id="a4078" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:232.2px;">of which: acquisition-related costs </div><div id="a4087" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:607.49px;top:232.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>202 </div><div id="a4091" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:717.41px;top:232.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>202 </div><div id="a4094" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:245.48px;">of which: amortization from newly recognized intangibles </div><div id="a4095" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:257.16px;">resulting from the acquisition of the Credit Suisse Group </div><div id="a4098" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:380.23px;top:257.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>65 </div><div id="a4106" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:722.21px;top:257.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>65 </div><div id="a4109" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:270.12px;">Operating expenses (underlying) </div><div id="a4111" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:311.43px;top:270.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>16,466 </div><div id="a4114" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:368.23px;top:270.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,338 </div><div id="a4117" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:428.25px;top:270.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,116 </div><div id="a4120" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:484.25px;top:270.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>7,823 </div><div id="a4123" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:540.25px;top:270.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,518 </div><div id="a4126" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:602.21px;top:270.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>(200) </div><div id="a4130" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:270.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>34,061 </div><div id="a4133" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:284.2px;">Operating profit / (loss) before tax as reported </div><div id="a4135" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:316.23px;top:284.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,589 </div><div id="a4138" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:368.23px;top:284.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,148 </div><div id="a4141" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:435.45px;top:284.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>318 </div><div id="a4144" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:490.97px;top:284.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>(44) </div><div id="a4147" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:534.97px;top:284.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>(4,741) </div><div id="a4150" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:594.97px;top:284.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1,279) </div><div id="a4153" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:645.41px;top:284.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>28,925 </div><div id="a4156" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:284.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>29,916 </div><div id="a4159" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:298.44px;">Operating profit / (loss) before tax (underlying) </div><div id="a4161" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:316.23px;top:298.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,048 </div><div id="a4164" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:368.23px;top:298.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,902 </div><div id="a4167" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:435.45px;top:298.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>522 </div><div id="a4170" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:496.25px;top:298.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>64 </div><div id="a4173" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:534.97px;top:298.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2,969) </div><div id="a4176" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:602.21px;top:298.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>(603) </div><div id="a4180" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:710.21px;top:298.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,963 </div><div id="a4185" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:457.85px;top:325.64px;">For the year ended 31.12.22 </div><div id="a4187" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:59.36px;top:362.64px;">USD m </div><div id="a4189" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:288.07px;top:350.92px;">Global Wealth </div><div id="a4190" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:291.91px;top:362.64px;">Management </div><div id="a4192" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:353.19px;top:339.24px;">Personal &amp; </div><div id="a4194" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:355.91px;top:350.92px;">Corporate </div><div id="a4196" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:362.63px;top:362.64px;">Banking </div><div id="a4198" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:432.41px;top:350.92px;">Asset<div style="display:inline-block;width:2.28px">&#160;</div></div><div id="a4200" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:403.91px;top:362.64px;">Management </div><div id="a4202" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:468.41px;top:350.92px;">Investment </div><div id="a4204" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:489.85px;top:362.64px;">Bank </div><div id="a4206" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:514.49px;top:350.92px;">Non-core and </div><div id="a4209" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:539.61px;top:362.64px;">Legacy </div><div id="a4211" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:579.61px;top:362.64px;">Group Items </div><div id="a4214" style="position:absolute;font-family:&apos;Frutiger 47 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style="display:inline-block;width:2.4px">&#160;</div>848 </div><div id="a4254" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:403.12px;">of which: gains from sales of subsidiary and business </div><div id="a4256" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:323.43px;top:403.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>219 </div><div id="a4265" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:717.41px;top:403.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>219 </div><div id="a4268" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:416.4px;">of which: losses in the first quarter of 2022 from </div><div id="a4270" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:428.08px;">transactions with Russian counterparties </div><div id="a4275" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:491.13px;top:428.08px;"><div style="display:inline-block;width:2.4px">&#160;</div>(93) </div><div id="a4281" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:717.09px;top:422.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>(93) </div><div id="a4284" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:441.84px;">of which: litigation settlement </div><div id="a4290" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:552.25px;top:441.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>62 </div><div id="a4295" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:722.21px;top:441.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>62 </div><div id="a4298" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:455.12px;">of which: gain from sales of real estate </div><div id="a4305" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:612.29px;top:455.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>68 </div><div id="a4309" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:722.21px;top:455.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>68 </div><div id="a4312" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:468.56px;">Total revenues (underlying) </div><div id="a4314" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:311.43px;top:468.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>18,748 </div><div id="a4317" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:368.23px;top:468.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,302 </div><div id="a4320" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:428.25px;top:468.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,114 </div><div id="a4323" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:484.25px;top:468.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>8,810 </div><div id="a4326" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:547.45px;top:468.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>175 </div><div id="a4329" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:602.37px;top:468.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>(690) </div><div id="a4333" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:468.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>33,459 </div><div id="a4336" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:482.64px;">Credit loss expense / (release) </div><div id="a4338" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:333.03px;top:482.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a4341" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:380.23px;top:482.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>39 </div><div id="a4344" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:445.05px;top:482.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a4347" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:491.13px;top:482.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>(12) </div><div id="a4350" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:557.05px;top:482.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>2 </div><div id="a4353" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:617.09px;top:482.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>1 </div><div id="a4357" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:722.21px;top:482.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>29 </div><div id="a4360" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:496.88px;">Operating expenses as reported </div><div id="a4362" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:311.43px;top:496.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>13,989 </div><div id="a4365" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:368.23px;top:496.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,452 </div><div id="a4368" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:428.25px;top:496.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,564 </div><div id="a4371" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:484.25px;top:496.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>6,832 </div><div id="a4374" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:547.45px;top:496.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>104 </div><div id="a4377" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:607.17px;top:496.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>(12) </div><div id="a4381" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:496.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>24,930 </div><div id="a4384" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:510.96px;">Operating profit / (loss) before tax as reported </div><div id="a4386" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:316.23px;top:510.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,977 </div><div id="a4389" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:368.23px;top:510.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,812 </div><div id="a4392" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:428.25px;top:510.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,397 </div><div id="a4395" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:484.25px;top:510.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,897 </div><div id="a4398" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:547.45px;top:510.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>131 </div><div id="a4401" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:602.37px;top:510.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>(611) </div><div id="a4405" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:510.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>9,604 </div><div id="a4408" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:525.04px;">Operating profit / (loss) before tax (underlying) </div><div id="a4410" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:316.23px;top:525.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,758 </div><div id="a4413" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:368.23px;top:525.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,812 </div><div id="a4416" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:435.45px;top:525.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>550 </div><div id="a4419" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:484.25px;top:525.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,990 </div><div id="a4422" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:552.25px;top:525.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>69 </div><div id="a4425" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:602.37px;top:525.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>(679) </div><div id="a4429" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:525.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>8,500 </div><div id="a4433" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:59.36px;top:556.69px;">Integration-related expenses by business division and Group Items </div><div id="a4439" style="position:absolute;font-family:&apos;Frutiger 47 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:591.45px;top:607.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>490 </div><div id="a4461" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:650.37px;top:607.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>431 </div><div id="a4465" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:716.45px;top:607.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>988 </div><div id="a4468" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:620.27px;">Personal &amp; Corporate Banking </div><div id="a4471" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:591.45px;top:620.27px;"><div style="display:inline-block;width:2.4px">&#160;</div>188 </div><div id="a4474" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:650.37px;top:620.27px;"><div style="display:inline-block;width:2.4px">&#160;</div>166 </div><div id="a4478" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:716.45px;top:620.27px;"><div style="display:inline-block;width:2.4px">&#160;</div>383 </div><div id="a4481" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:633.07px;">Asset Management </div><div id="a4484" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:596.25px;top:633.07px;"><div style="display:inline-block;width:2.44px">&#160;</div>66 </div><div id="a4487" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:650.37px;top:633.07px;"><div style="display:inline-block;width:2.4px">&#160;</div>125 </div><div id="a4491" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:716.45px;top:633.07px;"><div style="display:inline-block;width:2.4px">&#160;</div>205 </div><div id="a4494" style="position:absolute;font-family:&apos;Frutiger 47 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Underlying revenues also exclude<div style="display:inline-block;width:2.55px">&#160;</div>losses relating to our investment in SIX<div style="display:inline-block;width:2.43px">&#160;</div>Group. </div></div>
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<div id="Page15" style="background-color:RGB(255, 255, 255);position:relative;margin-left:auto;margin-right:auto;overflow:hidden;border-style:solid;border-width:thin;border-color:RGB(198, 198, 198);page-break-after:always;width:794px;height:1123px;">
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<div id="a4645" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a4647" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a4649" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">UBS Group | Group performance<div style="display:inline-block;width:342.59px">&#160;</div>12 </div><div id="a4653" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:46.37px;">Underlying expenses exclude<div style="display:inline-block;width:5.79px">&#160;</div>integration-related expenses that<div style="display:inline-block;width:5.6px">&#160;</div>are temporary, incremental<div style="display:inline-block;width:5.52px">&#160;</div>and directly<div style="display:inline-block;width:5.36px">&#160;</div>related to </div><div id="a4657" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:63.81px;">the integration of<div style="display:inline-block;width:2.53px">&#160;</div>Credit Suisse into UBS,<div style="display:inline-block;width:2.09px">&#160;</div>including costs of<div style="display:inline-block;width:2.34px">&#160;</div>internal staff and contractors<div style="display:inline-block;width:2.02px">&#160;</div>substantially dedicated to </div><div id="a4663" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:81.09px;">integration activities, retention<div style="display:inline-block;width:2.49px">&#160;</div>awards, redundancy costs,<div style="display:inline-block;width:2.16px">&#160;</div>incremental expenses from<div style="display:inline-block;width:2.57px">&#160;</div>the shortening of useful<div style="display:inline-block;width:2.41px">&#160;</div>lives </div><div id="a4664" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:98.37px;">of property,<div style="display:inline-block;width:2.52px">&#160;</div>equipment and<div style="display:inline-block;width:2.2px">&#160;</div>software, and<div style="display:inline-block;width:2.44px">&#160;</div>impairment charges<div style="display:inline-block;width:2.06px">&#160;</div>relating to these<div style="display:inline-block;width:1.91px">&#160;</div>assets. 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style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:687.9px;">newly recognized intangibles resulting from the acquisition<div style="display:inline-block;width:2.31px">&#160;</div>of the Credit Suisse Group of USD 29m, and a reversal </div><div id="a4941" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:705.18px;">of acquisition-related costs of USD 1m from<div style="display:inline-block;width:2.47px">&#160;</div>operating expenses.<div style="display:inline-block;width:3.19px">&#160;</div></div><div id="a4950" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:731.1px;">On<div style="display:inline-block;width:7.92px">&#160;</div>an<div style="display:inline-block;width:8.01px">&#160;</div>underlying<div style="display:inline-block;width:7.49px">&#160;</div>basis,<div style="display:inline-block;width:7.77px">&#160;</div>profit<div 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<div id="a5036" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a5038" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a5040" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">UBS Group | Group performance<div style="display:inline-block;width:342.59px">&#160;</div>13 </div><div id="a5044" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:46.37px;">Global Wealth Management net<div style="display:inline-block;width:5.93px">&#160;</div>interest income increased<div style="display:inline-block;width:5.41px">&#160;</div>by USD 373m, to<div style="display:inline-block;width:5.58px">&#160;</div>USD 1,872m, largely attributable to </div><div id="a5050" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:63.81px;">the consolidation of Credit<div style="display:inline-block;width:2.09px">&#160;</div>Suisse net interest income,<div style="display:inline-block;width:2.16px">&#160;</div>and included USD 261m of<div style="display:inline-block;width:2.21px">&#160;</div>accretion of PPA adjustments<div style="display:inline-block;width:2.06px">&#160;</div>on </div><div id="a5056" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:81.09px;">financial instruments<div style="display:inline-block;width:5.37px">&#160;</div>and other<div style="display:inline-block;width:5.63px">&#160;</div>effects, and<div style="display:inline-block;width:5.53px">&#160;</div>the effects<div style="display:inline-block;width:5.55px">&#160;</div>of higher<div style="display:inline-block;width:5.7px">&#160;</div>deposit margins,<div style="display:inline-block;width:5.42px">&#160;</div>resulting from<div style="display:inline-block;width:5.45px">&#160;</div>higher interest </div><div id="a5057" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:98.37px;">rates, partly offset<div style="display:inline-block;width:5.33px">&#160;</div>by shifts to lower-margin<div style="display:inline-block;width:5.49px">&#160;</div>deposit products. 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style="display:inline-block;width:2.4px">&#160;</div>3,770 </div><div id="a5158" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.17px;top:260.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,403 </div><div id="a5161" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:273.48px;">Other net income from financial instruments measured<div style="display:inline-block;width:1.05px">&#160;</div>at fair value through profit or loss </div><div id="a5165" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:421.03px;top:273.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,158 </div><div id="a5168" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:468.09px;top:273.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,226 </div><div id="a5171" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:515.13px;top:273.48px;"><div 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be available as of 28 March 2024 under &#8220;Annual reporting&#8221; at </div><div id="a5467" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;font-style:italic;left:83.23px;top:813.51px;">ubs.com/investors</div><div id="a5468" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:185.95px;top:813.51px;">, for detailed disclosures about ECL exposures, allowances, coverage ratios, underlying scenarios, </div><div id="a5470" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:83.23px;top:830.79px;">scenario assumptions and post-model adjustments </div></div>
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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:614.21px;top:240.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>23 </div><div id="a5690" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:718.37px;top:240.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>168 </div><div id="a5693" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:254.6px;">Asset Management </div><div id="a5696" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:403.91px;top:254.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a5700" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:514.01px;top:254.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a5703" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:619.01px;top:254.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:403.91px;top:296.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>5 </div><div id="a5753" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:514.01px;top:296.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a5756" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:619.01px;top:296.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a5760" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:727.97px;top:296.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>6 </div><div id="a5763" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:310.28px;">Total </div><div id="a5766" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:399.11px;top:310.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>70 </div><div id="a5770" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:504.41px;top:310.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>105 </div><div id="a5773" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:614.21px;top:310.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>63 </div><div id="a5777" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:718.37px;top:310.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>239 </div><div id="a5788" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:337.64px;">For the quarter ended 31.12.22 </div><div id="a5797" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:350.92px;">Global Wealth Management </div><div id="a5800" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:403.91px;top:350.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>3 </div><div id="a5804" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:514.01px;top:350.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a5809" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:727.97px;top:350.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>3 </div><div id="a5812" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:364.88px;">Personal &amp; Corporate Banking </div><div id="a5815" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:398.79px;top:364.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>(6) </div><div id="a5819" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:514.01px;top:364.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>3 </div><div id="a5824" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:722.85px;top:364.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>(4) </div><div id="a5827" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:378.96px;">Asset Management </div><div id="a5830" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:403.91px;top:378.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a5834" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:514.01px;top:378.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a5839" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:727.97px;top:378.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a5842" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:392.88px;">Investment Bank </div><div id="a5845" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:403.91px;top:392.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>1 </div><div id="a5849" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:514.01px;top:392.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>7 </div><div id="a5854" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:727.97px;top:392.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>8 </div><div id="a5857" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:406.96px;">Group Items </div><div id="a5860" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:403.91px;top:406.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a5864" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:514.01px;top:406.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a5869" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:727.97px;top:406.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a5872" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:420.56px;">Total </div><div id="a5875" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:398.79px;top:420.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2) </div><div id="a5879" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:514.01px;top:420.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>9 </div><div id="a5884" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:727.97px;top:420.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>7 </div><div id="a5887" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:435.17px;">1 Certain prior-period figures as of or for the quarter ended 30 September<div style="display:inline-block;width:3.49px">&#160;</div>2023 have been revised due to 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style="display:inline-block;width:2.4px">&#160;</div>4,122 </div><div id="a5955" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:571.93px;top:537.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(7) </div><div id="a5958" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:620.29px;top:537.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>71 </div><div id="a5962" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:657.41px;top:537.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>24,899 </div><div id="a5965" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:706.37px;top:537.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>17,680 </div><div id="a5968" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:71.36px;top:550.48px;">of which: salaries and variable compensation </div><div id="a5971" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:410.15px;top:550.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,728 </div><div id="a5974" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:458.17px;top:550.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>6,424 </div><div id="a5977" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:506.17px;top:550.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,478 </div><div id="a5981" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:567.13px;top:550.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>(11) </div><div id="a5984" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:620.29px;top:550.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>65 </div><div id="a5988" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:657.41px;top:550.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>20,842 </div><div id="a5991" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:706.37px;top:550.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>14,999 </div><div id="a5994" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:83.39px;top:563.12px;">of which: variable compensation &#8211; financial advisors</div><div id="a5998" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;font-style:italic;left:273.35px;top:564.08px;">2</div><div id="a6001" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:410.15px;top:563.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,176 </div><div id="a6004" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:458.17px;top:563.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,150 </div><div id="a6007" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:506.17px;top:563.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,073 </div><div id="a6011" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:577.05px;top:563.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>2 </div><div id="a6014" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:620.29px;top:563.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>10 </div><div id="a6018" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:662.21px;top:563.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,549 </div><div id="a6021" style="position:absolute;font-family:&apos;Frutiger 47 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<div id="a6224" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a6226" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a6228" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">UBS Group | Group performance<div style="display:inline-block;width:342.59px">&#160;</div>15 </div><div id="a6232" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;color:#E60000;left:56.8px;top:46.37px;">General and administrative expenses </div><div id="a6234" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:63.81px;">General and administrative<div style="display:inline-block;width:2.05px">&#160;</div>expenses increased by USD<div 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<div id="a6511" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a6513" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a6515" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">UBS Group | Group performance<div style="display:inline-block;width:342.59px">&#160;</div>16 </div><div id="a6519" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;color:#E60000;left:56.8px;top:46.03px;">Total comprehensive income attributable<div style="display:inline-block;width:2.34px">&#160;</div>to shareholders </div><div id="a6521" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:72.45px;">In the<div style="display:inline-block;width:2.56px">&#160;</div>fourth quarter<div style="display:inline-block;width:2.08px">&#160;</div>of 2023,<div style="display:inline-block;width:2.25px">&#160;</div>total comprehensive<div style="display:inline-block;width:2.04px">&#160;</div>income attributable<div style="display:inline-block;width:2.02px">&#160;</div>to shareholders<div style="display:inline-block;width:2.06px">&#160;</div>was USD 2,677m,<div style="display:inline-block;width:2.13px">&#160;</div>reflecting </div><div id="a6531" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:89.73px;">a net loss of USD 279m and other comprehensive<div style="display:inline-block;width:2.36px">&#160;</div>income (OCI), net of tax, of USD 2,956m. </div><div id="a6546" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:115.68px;">OCI related<div style="display:inline-block;width:6.44px">&#160;</div>to cash<div style="display:inline-block;width:6.41px">&#160;</div>flow hedges<div style="display:inline-block;width:6.28px">&#160;</div>was USD 1,970m,<div style="display:inline-block;width:5.99px">&#160;</div>mainly reflecting<div style="display:inline-block;width:6.2px">&#160;</div>net unrealized<div style="display:inline-block;width:6.04px">&#160;</div>gains on<div style="display:inline-block;width:6.44px">&#160;</div>US dollar<div style="display:inline-block;width:6.33px">&#160;</div>hedging </div><div id="a6552" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:133.12px;">derivatives resulting from significant decreases<div style="display:inline-block;width:2.49px">&#160;</div>in the relevant US dollar long-term<div style="display:inline-block;width:2.57px">&#160;</div>interest rates. </div><div id="a6562" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:159.04px;">Foreign currency translation OCI<div style="display:inline-block;width:5.59px">&#160;</div>was USD 1,597m, mainly resulting<div style="display:inline-block;width:5.37px">&#160;</div>from a significant<div style="display:inline-block;width:5.38px">&#160;</div>strengthening of the Swiss </div><div id="a6572" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:176.48px;">franc and the euro against the US dollar. </div><div id="a6578" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:202.4px;">Defined benefit<div style="display:inline-block;width:5.77px">&#160;</div>plan OCI<div style="display:inline-block;width:5.81px">&#160;</div>was USD 131m,<div style="display:inline-block;width:5.73px">&#160;</div>mainly reflecting<div style="display:inline-block;width:5.72px">&#160;</div>pre-tax OCI<div style="display:inline-block;width:5.86px">&#160;</div>gains in<div style="display:inline-block;width:5.82px">&#160;</div>the Credit<div style="display:inline-block;width:5.94px">&#160;</div>Suisse Swiss<div style="display:inline-block;width:5.65px">&#160;</div>pension </div><div id="a6588" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:219.84px;">plan of<div style="display:inline-block;width:5.42px">&#160;</div>USD 231m. 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<div id="a7421" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a7423" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a7425" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">UBS Group | Group performance<div style="display:inline-block;width:342.59px">&#160;</div>18 </div><div id="a7429" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;color:#E60000;left:56.8px;top:46.03px;">Outlook </div><div id="a7431" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:72.45px;">Central banks are<div style="display:inline-block;width:5.35px">&#160;</div>widely expected to<div style="display:inline-block;width:5.28px">&#160;</div>lower short-term interest rates<div style="display:inline-block;width:5.43px">&#160;</div>in 2024. The<div style="display:inline-block;width:5.35px">&#160;</div>timing and magnitude of<div style="display:inline-block;width:5.6px">&#160;</div>such </div><div id="a7434" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:89.73px;">cuts are still highly uncertain, given the ongoing<div style="display:inline-block;width:2.47px">&#160;</div>debate around the pace of inflation converging<div style="display:inline-block;width:2.46px">&#160;</div>with central bank </div><div id="a7436" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:107.2px;">targets. In addition,<div style="display:inline-block;width:5.51px">&#160;</div>ongoing geopolitical tensions, including<div style="display:inline-block;width:5.61px">&#160;</div>the conflicts in<div style="display:inline-block;width:5.67px">&#160;</div>the Middle East<div style="display:inline-block;width:5.61px">&#160;</div>and Eastern Europe, </div><div id="a7437" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:124.48px;">may impact supply chains and inflation, with<div style="display:inline-block;width:2.51px">&#160;</div>consequences for the macroeconomic<div style="display:inline-block;width:2.42px">&#160;</div>outlook and market volatility. </div><div id="a7440" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:150.4px;">Notwithstanding the challenges mentioned above,<div style="display:inline-block;width:5.66px">&#160;</div>we continue to<div style="display:inline-block;width:5.4px">&#160;</div>execute on our<div style="display:inline-block;width:5.39px">&#160;</div>strategy and integration plans </div><div id="a7441" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:167.84px;">at pace, and we will actively reduce non-core assets and costs. In the first quarter of 2024, we expect revenues to </div><div id="a7444" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:185.12px;">be positively influenced by seasonal<div style="display:inline-block;width:5.45px">&#160;</div>factors, such as higher<div style="display:inline-block;width:5.27px">&#160;</div>client activity levels compared with<div style="display:inline-block;width:5.5px">&#160;</div>the fourth quarter </div><div id="a7446" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:202.4px;">of 2023. We also expect<div style="display:inline-block;width:2.43px">&#160;</div>the Investment Bank to return<div style="display:inline-block;width:2.3px">&#160;</div>to profitability, due to improving<div style="display:inline-block;width:2.37px">&#160;</div>market activity, a growing </div><div id="a7447" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:219.84px;">banking pipeline and advanced progress on<div style="display:inline-block;width:5.36px">&#160;</div>the integration. 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These factors<div style="display:inline-block;width:5.26px">&#160;</div>are expected to<div style="display:inline-block;width:5.64px">&#160;</div>result in substantial<div style="display:inline-block;width:5.41px">&#160;</div>sequential improvement in reported<div style="display:inline-block;width:5.36px">&#160;</div>net </div><div id="a7467" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:289.12px;">profit in the first quarter, including<div style="display:inline-block;width:2.55px">&#160;</div>around USD 1bn of integration-related<div style="display:inline-block;width:2.56px">&#160;</div>expenses and around USD 0.7bn<div style="display:inline-block;width:2.57px">&#160;</div>of pull </div><div id="a7475" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:306.4px;">to par and other purchase price allocation<div style="display:inline-block;width:2.54px">&#160;</div>(PPA) accretion effects. </div><div id="a7477" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:332.32px;">Our focus remains on helping clients navigate challenging market environments to manage the inherent risks and </div><div id="a7478" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:349.76px;">opportunities while continuing to grow our<div style="display:inline-block;width:2.52px">&#160;</div>invested assets and delivering on our financial targets. </div></div>
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<div id="a7481" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a7483" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a7485" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">UBS business divisions and Group Items | Global<div style="display:inline-block;width:1.34px">&#160;</div>Wealth Management<div style="display:inline-block;width:184.96px">&#160;</div>19 </div><div id="a7490" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:48px;left:56.8px;top:42.19px;">UBS business divisions and </div><div id="a7491" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:48px;left:56.8px;top:92.93px;">Group Items </div><div id="a7494" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:16px;left:56.8px;top:176.49px;">Management report </div><div id="a7497" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:214.4px;">We started<div style="display:inline-block;width:2.56px">&#160;</div>to report<div style="display:inline-block;width:2.58px">&#160;</div>five business<div style="display:inline-block;width:2.48px">&#160;</div>divisions in<div style="display:inline-block;width:2.4px">&#160;</div>line with<div style="display:inline-block;width:2.44px">&#160;</div>International<div style="display:inline-block;width:2.57px">&#160;</div>Financial Reporting<div style="display:inline-block;width:2.08px">&#160;</div>Standards (IFRS)<div style="display:inline-block;width:2.53px">&#160;</div>in the<div style="display:inline-block;width:2.53px">&#160;</div>third </div><div id="a7503" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:231.84px;">quarter of 2023: Global Wealth Management, Personal &amp;<div style="display:inline-block;width:2.56px">&#160;</div>Corporate Banking, Asset Management, the Investment </div><div id="a7504" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:249.12px;">Bank, and Non-core<div style="display:inline-block;width:2.47px">&#160;</div>and Legacy. At the same<div style="display:inline-block;width:2.41px">&#160;</div>time, Group Functions<div style="display:inline-block;width:2.35px">&#160;</div>was renamed Group<div style="display:inline-block;width:2.31px">&#160;</div>Items and excludes<div style="display:inline-block;width:2.08px">&#160;</div>UBS&#8217;s </div><div id="a7510" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:266.4px;">former Non-core and Legacy<div style="display:inline-block;width:5.3px">&#160;</div>Portfolio and includes certain of<div style="display:inline-block;width:5.58px">&#160;</div>the assets and liabilities of<div style="display:inline-block;width:5.6px">&#160;</div>the former Credit Suisse </div><div id="a7513" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:283.84px;">Corporate Center. </div><div id="a7515" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:309.76px;">Information for the fourth quarter of 2022 represents the results of UBS Group operations prior to the acquisition </div><div id="a7516" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:327.2px;">of the Credit Suisse Group, but is presented in line with<div style="display:inline-block;width:2.31px">&#160;</div>the new business division structure. As we execute<div style="display:inline-block;width:2.58px">&#160;</div>on our </div><div id="a7519" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:344.48px;">integration plans, it is<div style="display:inline-block;width:2.57px">&#160;</div>expected that allocation methodologies<div style="display:inline-block;width:1.98px">&#160;</div>for profit and loss and<div style="display:inline-block;width:2.42px">&#160;</div>balance sheet to the business </div><div id="a7520" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:361.8px;">divisions and into Group Items will continue to<div style="display:inline-block;width:2.51px">&#160;</div>be reviewed and refined. </div></div>
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<div style="position:absolute; width:45px; height:12.4px; left:413.8px; top:148.7px; background-color:#FFFFFF; ">&#160;</div>
<div style="position:absolute; width:39.5px; height:11.7px; left:416.5px; top:149px; background-color:#FFFFFF; ">&#160;</div>
<div style="position:absolute; width:353px; height:1px; left:56.4px; top:147.3px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:135.1px; height:1px; left:413.4px; top:147.3px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:90.1px; height:1px; left:552.5px; top:147.3px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:89.9px; height:1px; left:646.6px; top:147.3px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:160.7px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:190.2px; background-color:#74726F; ">&#160;</div>
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<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:217.9px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:231.8px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:245.1px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:258.5px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:271.9px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:285.4px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1.9px; left:56.8px; top:299.2px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:328.6px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:342.5px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:356.3px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:370.3px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:383.5px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:396.9px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:410.4px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:424.3px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:437.7px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:451.7px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:465.5px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:478.7px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1.9px; left:56.8px; top:492.7px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:522.9px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:536.8px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:550.7px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:564.5px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:578.3px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:591.5px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:605.6px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:619.4px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:633.2px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:646.4px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:660.5px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:674.3px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:688.1px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1.9px; left:56.8px; top:701.7px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:735.4px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:749.3px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1.9px; left:56.8px; top:763px; background-color:#74726F; ">&#160;</div>
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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:427.13px;top:135.88px;">As of or for the quarter ended </div><div id="a7551" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:569.69px;top:135.88px;">% change from </div><div id="a7554" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:655.49px;top:124.2px;">As of or for the year </div><div id="a7555" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:680.61px;top:135.88px;">ended </div><div id="a7557" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:59.36px;top:148.84px;">USD m, except where indicated </div><div id="a7560" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:422.63px;top:148.84px;">31.12.23 </div><div id="a7562" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:472.41px;top:148.84px;">30.9.23 </div><div id="a7564" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:509.69px;top:148.84px;">31.12.22</div><div id="a7565" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:543.29px;top:149.8px;">1</div><div id="a7568" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:574.81px;top:148.84px;">3Q23 </div><div id="a7570" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:619.97px;top:148.84px;">4Q22 </div><div id="a7573" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:655.65px;top:148.84px;">31.12.23 </div><div id="a7575" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:697.73px;top:148.84px;">31.12.22</div><div id="a7576" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:731.33px;top:149.8px;">1</div><div id="a7589" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;color:#9A3D37;left:59.36px;top:178.92px;">Results 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style="display:inline-block;width:2.4px">&#160;</div>25 </div><div id="a7621" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.25px;top:191.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>6,965 </div><div id="a7624" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:191.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,273 </div><div id="a7627" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:205.48px;">Recurring net fee income</div><div id="a7628" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:150.11px;top:206.44px;">2</div><div id="a7631" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:432.25px;top:205.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,818 </div><div id="a7634" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:477.21px;top:205.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,886 </div><div id="a7637" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:522.17px;top:205.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,399 </div><div id="a7641" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:582.81px;top:205.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2) </div><div id="a7644" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.29px;top:205.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>17 </div><div id="a7648" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:660.45px;top:205.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>10,793 </div><div id="a7651" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:205.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>10,282 </div><div id="a7654" 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.29px;top:219.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>41 </div><div id="a7677" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.25px;top:219.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,569 </div><div id="a7680" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:219.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,137 </div><div id="a7683" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:233px;">Other income </div><div id="a7686" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:434.17px;top:233px;"><div style="display:inline-block;width:2.4px">&#160;</div>(172) </div><div id="a7689" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:489.21px;top:233px;"><div style="display:inline-block;width:2.4px">&#160;</div>19 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style="display:inline-block;width:2.4px">&#160;</div>5,810 </div><div id="a7714" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:522.17px;top:246.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,601 </div><div id="a7718" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:582.81px;top:246.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>(6) </div><div id="a7721" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.29px;top:246.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>18 </div><div id="a7725" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:660.45px;top:246.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>21,190 </div><div id="a7728" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:246.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>18,967 </div><div id="a7731" 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style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a7753" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:273.48px;">Operating expenses </div><div id="a7756" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:432.25px;top:273.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,070 </div><div id="a7759" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:477.21px;top:273.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,801 </div><div id="a7762" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:522.17px;top:273.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,540 </div><div id="a7766" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:587.93px;top:273.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>6 </div><div id="a7769" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.29px;top:273.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>43 </div><div id="a7773" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:660.45px;top:273.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>17,454 </div><div id="a7776" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:273.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>13,989 </div><div id="a7779" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:286.92px;">Business division operating profit / (loss) before tax </div><div id="a7782" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:439.45px;top:286.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>381 </div><div id="a7785" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:477.21px;top:286.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,007 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style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;color:#9A3D37;left:59.36px;top:317.32px;">Underlying results </div><div id="a7828" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:330.12px;">Total revenues as reported </div><div id="a7831" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:432.25px;top:330.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,444 </div><div id="a7834" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:477.21px;top:330.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,810 </div><div id="a7837" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:522.17px;top:330.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,601 </div><div id="a7841" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:582.81px;top:330.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>(6) </div><div id="a7844" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.29px;top:330.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>18 </div><div id="a7848" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:660.45px;top:330.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>21,190 </div><div id="a7851" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:330.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>18,967 </div><div id="a7854" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:343.88px;">of which: gains from sales of subsidiary and business </div><div id="a7865" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:717.41px;top:343.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>219 </div><div id="a7868" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:357.64px;">of which: accretion of PPA adjustments on financial instruments and other effects </div><div id="a7871" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:439.45px;top:357.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>284 </div><div id="a7874" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:484.41px;top:357.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>318 </div><div id="a7879" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:578.01px;top:357.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>(11) </div><div id="a7884" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:672.45px;top:357.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>719 </div><div id="a7888" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:371.44px;">of which: losses related to investment in SIX Group </div><div id="a7892" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:434.17px;top:371.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>(190) </div><div id="a7901" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:667.33px;top:371.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>(190) </div><div id="a7905" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:385.04px;">Total revenues (underlying)</div><div id="a7906" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:157.95px;top:386px;">2</div><div id="a7909" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:432.25px;top:385.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,351 </div><div id="a7912" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:477.21px;top:385.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,492 </div><div id="a7915" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:522.17px;top:385.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,601 </div><div id="a7919" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:582.81px;top:385.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>(3) </div><div id="a7922" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.29px;top:385.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>16 </div><div id="a7926" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:660.45px;top:385.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>20,661 </div><div id="a7929" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:385.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>18,748 </div><div id="a7932" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:398.48px;">Credit loss expense / (release) </div><div id="a7935" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:443.93px;top:398.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>(7) </div><div id="a7938" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:494.01px;top:398.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>2 </div><div id="a7941" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:538.97px;top:398.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>3 </div><div id="a7948" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:672.45px;top:398.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>147 </div><div id="a7951" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:727.01px;top:398.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a7954" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:411.92px;">Operating expenses as reported </div><div id="a7957" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:432.25px;top:411.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,070 </div><div id="a7960" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:477.21px;top:411.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,801 </div><div id="a7963" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:522.17px;top:411.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,540 </div><div id="a7967" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:587.93px;top:411.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>6 </div><div id="a7970" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.29px;top:411.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>43 </div><div id="a7974" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:660.45px;top:411.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>17,454 </div><div id="a7977" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:411.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>13,989 </div><div id="a7980" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:425.68px;">of which: integration-related expenses</div><div id="a7983" style="position:absolute;font-family:&apos;Frutiger 47 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(underlying)</div><div id="a8004" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:176.67px;top:440.08px;">2</div><div id="a8007" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:432.25px;top:439.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,580 </div><div id="a8010" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:477.21px;top:439.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,370 </div><div id="a8013" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:522.17px;top:439.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,540 </div><div id="a8017" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:587.93px;top:439.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>5 </div><div id="a8020" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.29px;top:439.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>29 </div><div id="a8024" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:660.45px;top:439.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>16,466 </div><div id="a8027" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:439.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>13,989 </div><div id="a8030" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:453.04px;">of which: expenses for litigation, regulatory and similar matters </div><div id="a8033" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:444.25px;top:453.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>49 </div><div id="a8036" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:489.21px;top:453.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>22 </div><div id="a8039" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:534.17px;top:453.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>53 </div><div id="a8043" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:578.33px;top:453.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>122 </div><div id="a8046" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:627.97px;top:453.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>(7) </div><div id="a8050" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:672.45px;top:453.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>122 </div><div id="a8053" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:717.41px;top:453.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>244 </div><div id="a8056" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:466.8px;">Business division operating profit / (loss) before tax as reported </div><div id="a8059" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:439.45px;top:466.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>381 </div><div id="a8062" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:477.21px;top:466.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,007 </div><div id="a8065" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:522.17px;top:466.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,058 </div><div id="a8069" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:578.01px;top:466.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>(62) </div><div id="a8072" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:623.17px;top:466.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>(64) </div><div id="a8076" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.25px;top:466.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,589 </div><div id="a8079" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:466.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,977 </div><div id="a8082" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:480.24px;">Business division operating profit / (loss) before tax (underlying)</div><div id="a8083" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:290.79px;top:481.2px;">2</div><div id="a8086" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:439.45px;top:480.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>778 </div><div id="a8089" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:477.21px;top:480.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,119 </div><div id="a8092" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:522.17px;top:480.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,058 </div><div id="a8096" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:578.01px;top:480.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>(31) </div><div id="a8099" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:623.17px;top:480.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>(26) </div><div id="a8103" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.25px;top:480.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,048 </div><div id="a8106" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:480.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,758 </div><div id="a8120" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;color:#9A3D37;left:59.36px;top:511.6px;">Performance measures and other information </div><div id="a8132" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:524.4px;">Pre-tax profit growth (year-on-year, %)</div><div id="a8139" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:201.47px;top:525.36px;">2</div><div id="a8142" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:431.77px;top:524.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(63.9) </div><div id="a8145" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:476.89px;top:524.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(30.7) 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:670.05px;top:551.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>22.8 </div><div id="a8208" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.01px;top:551.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>20.0 </div><div id="a8211" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:565.84px;">Return on attributed equity (%)</div><div id="a8212" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:173.47px;top:566.8px;">2,3</div><div id="a8215" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:441.85px;top:565.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>6.1 </div><div id="a8218" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:482.01px;top:565.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>16.1 </div><div 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:606.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,271 </div><div id="a8307" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:620.75px;">Net new assets (USD bn)</div><div id="a8308" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:149.47px;top:621.71px;">2</div><div id="a8311" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:437.05px;top:620.75px;"><div style="display:inline-block;width:2.4px">&#160;</div>21.8 </div><div id="a8314" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:482.01px;top:620.75px;"><div style="display:inline-block;width:2.4px">&#160;</div>39.3 </div><div id="a8317" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:526.97px;top:620.75px;"><div style="display:inline-block;width:2.4px">&#160;</div>24.6 </div><div id="a8324" 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style="display:inline-block;width:2.4px">&#160;</div>26 </div><div id="a8378" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.25px;top:647.95px;"><div style="display:inline-block;width:2.4px">&#160;</div>284.3 </div><div id="a8381" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:647.95px;"><div style="display:inline-block;width:2.4px">&#160;</div>225.0 </div><div id="a8384" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:661.71px;">Customer deposits (USD bn)</div><div id="a8385" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:161.63px;top:662.67px;">5</div><div id="a8388" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:432.25px;top:661.71px;"><div style="display:inline-block;width:2.4px">&#160;</div>466.9 </div><div id="a8391" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:477.21px;top:661.71px;"><div style="display:inline-block;width:2.4px">&#160;</div>439.9 </div><div id="a8394" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:522.17px;top:661.71px;"><div style="display:inline-block;width:2.4px">&#160;</div>348.2 </div><div id="a8398" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:587.93px;top:661.71px;"><div style="display:inline-block;width:2.4px">&#160;</div>6 </div><div id="a8401" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.29px;top:661.71px;"><div style="display:inline-block;width:2.4px">&#160;</div>34 </div><div id="a8405" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.25px;top:661.71px;"><div style="display:inline-block;width:2.4px">&#160;</div>466.9 </div><div id="a8408" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:661.71px;"><div style="display:inline-block;width:2.4px">&#160;</div>348.2 </div><div id="a8411" 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style="display:inline-block;width:2.4px">&#160;</div>0.4 </div><div id="a8431" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:719.81px;top:675.63px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.3 </div><div id="a8434" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:689.39px;">Advisors (full-time equivalents) </div><div id="a8439" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:427.45px;top:689.39px;"><div style="display:inline-block;width:2.4px">&#160;</div>10,027 </div><div id="a8442" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:472.41px;top:689.39px;"><div style="display:inline-block;width:2.4px">&#160;</div>10,278 </div><div id="a8445" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:522.17px;top:689.39px;"><div style="display:inline-block;width:2.4px">&#160;</div>9,215 </div><div id="a8449" 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style="display:inline-block;width:2.4px">&#160;</div>79.7 </div><div id="a8534" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.01px;top:750.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>74.6 </div><div id="a8537" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:765.11px;">1 Information reflects Global<div style="display:inline-block;width:3.52px">&#160;</div>Wealth Management as<div style="display:inline-block;width:3.54px">&#160;</div>reported in the fourth<div style="display:inline-block;width:3.52px">&#160;</div>quarter of 2022 and<div style="display:inline-block;width:3.59px">&#160;</div>the twelve months of<div style="display:inline-block;width:3.5px">&#160;</div>2022, respectively.<div style="display:inline-block;width:10.77px">&#160;</div>2 Refer to &#8220;Alternative<div style="display:inline-block;width:4.33px">&#160;</div>performance measures&#8221; in the<div 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Consists of cash and deferred compensation awards and is based on compensable revenues and firm tenure using a formulaic approach. 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<div id="a8631" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a8633" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a8635" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">UBS business divisions and Group Items | Global<div style="display:inline-block;width:1.34px">&#160;</div>Wealth Management<div style="display:inline-block;width:184.96px">&#160;</div>21 </div><div id="a8640" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;color:#E60000;left:56.8px;top:46.37px;">Total revenues </div><div id="a8644" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:63.81px;">Total<div style="display:inline-block;width:5.43px">&#160;</div>revenues increased by USD 843m, or 18%, to USD 5,444m, mainly due to<div style="display:inline-block;width:2.54px">&#160;</div>the consolidation of Credit Suisse </div><div id="a8656" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:81.09px;">revenues, and included USD 284m<div style="display:inline-block;width:2.35px">&#160;</div>of accretion of PPA adjustments on financial<div style="display:inline-block;width:2.52px">&#160;</div>instruments and other effects.<div style="display:inline-block;width:2.32px">&#160;</div>The </div><div id="a8669" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:98.37px;">increase<div style="display:inline-block;width:7.44px">&#160;</div>was<div style="display:inline-block;width:7.25px">&#160;</div>partly<div style="display:inline-block;width:7.33px">&#160;</div>offset<div style="display:inline-block;width:7.28px">&#160;</div>by<div 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The cost / income ratio increased to 60.1% from 59.8%. Loans </div><div id="a9376" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:592.52px;">increased 7% compared with the third quarter of<div style="display:inline-block;width:2.48px">&#160;</div>2023, to USD 76.9bn, mainly driven<div style="display:inline-block;width:2.48px">&#160;</div>by positive foreign currency </div><div id="a9384" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:609.82px;">effects. 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<div id="a9486" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a9488" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a9490" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">UBS business divisions and Group Items |<div style="display:inline-block;width:1.43px">&#160;</div>Personal &amp; Corporate Banking<div style="display:inline-block;width:177.38px">&#160;</div>23 </div><div id="a9495" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:29.28px;left:56.8px;top:44.2px;">Personal &amp; Corporate Banking<div style="display:inline-block;width:8.91px">&#160;</div></div><div id="a9497" 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style="display:inline-block;width:2.4px">&#160;</div>(3) </div><div id="a9583" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:624.13px;top:185px;"><div style="display:inline-block;width:2.4px">&#160;</div>150 </div><div id="a9587" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.57px;top:185px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,727 </div><div id="a9590" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:185px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,087 </div><div id="a9593" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:198.92px;">Recurring net fee income</div><div id="a9594" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:150.11px;top:199.88px;">2</div><div id="a9597" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:441.69px;top:198.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>421 </div><div id="a9600" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:486.33px;top:198.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>431 </div><div id="a9603" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:530.97px;top:198.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>193 </div><div id="a9607" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:583.93px;top:198.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2) </div><div id="a9610" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:624.13px;top:198.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>118 </div><div id="a9614" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.57px;top:198.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,349 </div><div id="a9617" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:717.41px;top:198.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>812 </div><div id="a9620" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:213px;">Transaction-based income</div><div id="a9623" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:154.43px;top:213.96px;">2</div><div id="a9626" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:441.69px;top:213px;"><div style="display:inline-block;width:2.4px">&#160;</div>427 </div><div id="a9629" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:486.33px;top:213px;"><div style="display:inline-block;width:2.4px">&#160;</div>543 </div><div id="a9632" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:530.97px;top:213px;"><div style="display:inline-block;width:2.4px">&#160;</div>269 </div><div id="a9636" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:579.13px;top:213px;"><div style="display:inline-block;width:2.4px">&#160;</div>(21) </div><div id="a9639" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.93px;top:213px;"><div style="display:inline-block;width:2.4px">&#160;</div>59 </div><div id="a9643" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.57px;top:213px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,663 </div><div id="a9646" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:213px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,154 </div><div id="a9649" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:226.92px;">Other income </div><div id="a9652" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:436.41px;top:226.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(217) </div><div id="a9655" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:491.13px;top:226.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>31 </div><div id="a9658" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:535.77px;top:226.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>13 </div><div id="a9665" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:667.65px;top:226.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(198) </div><div id="a9668" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:722.21px;top:226.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>46 </div><div id="a9671" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:240.68px;">Total revenues </div><div id="a9674" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:434.49px;top:240.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,136 </div><div id="a9677" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:479.13px;top:240.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,556 </div><div id="a9680" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:523.77px;top:240.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,079 </div><div id="a9684" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:579.13px;top:240.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(16) </div><div id="a9687" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.93px;top:240.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>98 </div><div id="a9691" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.57px;top:240.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>7,541 </div><div id="a9694" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:240.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,099 </div><div id="a9697" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:254.28px;">Credit loss expense / (release) </div><div id="a9700" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:446.49px;top:254.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>72 </div><div id="a9703" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:486.33px;top:254.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>154 </div><div id="a9706" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:535.45px;top:254.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>(3) </div><div id="a9710" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:579.13px;top:254.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>(53) </div><div id="a9715" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:672.77px;top:254.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>450 </div><div id="a9718" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:722.21px;top:254.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>36 </div><div id="a9721" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:267.88px;">Operating expenses </div><div id="a9724" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:434.49px;top:267.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,363 </div><div id="a9727" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:479.13px;top:267.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,405 </div><div id="a9730" style="position:absolute;font-family:&apos;Frutiger 47 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id="a9750" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:441.69px;top:282.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>701 </div><div id="a9753" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:486.33px;top:282.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>997 </div><div id="a9756" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:530.97px;top:282.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>504 </div><div id="a9760" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:579.13px;top:282.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>(30) </div><div id="a9763" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.93px;top:282.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>39 </div><div id="a9767" style="position:absolute;font-family:&apos;Frutiger 47 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:523.77px;top:323.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,079 </div><div id="a9809" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:579.13px;top:323.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>(16) </div><div id="a9812" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.93px;top:323.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>98 </div><div id="a9816" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.57px;top:323.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>7,541 </div><div id="a9819" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:323.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,099 </div><div id="a9822" style="position:absolute;font-family:&apos;Frutiger 47 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:351.56px;">of which: losses related to investment in SIX Group </div><div id="a9845" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:436.41px;top:351.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>(267) </div><div id="a9854" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:667.65px;top:351.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>(267) </div><div id="a9858" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:365.36px;">Total revenues (underlying)</div><div id="a9860" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:6.08px;font-weight:bold;left:157.95px;top:366.22px;">2</div><div id="a9863" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:434.49px;top:365.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,042 </div><div id="a9866" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:479.13px;top:365.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,159 </div><div id="a9869" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:523.77px;top:365.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,079 </div><div id="a9873" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:583.93px;top:365.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>(5) </div><div id="a9876" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.93px;top:365.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>89 </div><div id="a9880" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.57px;top:365.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>6,912 </div><div id="a9883" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:365.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,099 </div><div id="a9886" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:378.96px;">Credit loss expense / (release) </div><div id="a9889" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:446.49px;top:378.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>72 </div><div id="a9892" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:486.33px;top:378.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>154 </div><div id="a9895" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:535.45px;top:378.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>(3) </div><div id="a9899" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:579.13px;top:378.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>(53) </div><div id="a9904" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:672.77px;top:378.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>450 </div><div id="a9907" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:722.21px;top:378.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>36 </div><div id="a9910" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:392.72px;">Operating expenses as reported </div><div id="a9913" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:434.49px;top:392.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,363 </div><div id="a9916" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:479.13px;top:392.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,405 </div><div id="a9919" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:530.97px;top:392.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>578 </div><div id="a9923" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:583.93px;top:392.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>(3) </div><div id="a9926" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:624.13px;top:392.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>136 </div><div id="a9930" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.57px;top:392.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,267 </div><div id="a9933" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:392.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,337 </div><div id="a9936" style="position:absolute;font-family:&apos;Frutiger 47 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style="display:inline-block;width:2.4px">&#160;</div>337 </div><div id="a9959" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:420.08px;">of which: amortization from newly recognized intangibles<div style="display:inline-block;width:0.85px">&#160;</div>resulting from the acquisition of </div><div id="a9960" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:431.76px;">the Credit Suisse Group </div><div id="a9963" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:446.49px;top:431.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>25 </div><div id="a9966" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:491.13px;top:431.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>25 </div><div id="a9971" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:589.05px;top:431.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a9976" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:677.57px;top:431.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>58 </div><div id="a9980" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:444.72px;">Operating expenses (underlying)</div><div id="a9981" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:176.67px;top:445.68px;">2</div><div id="a9984" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:434.49px;top:444.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,175 </div><div id="a9987" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:479.13px;top:444.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,232 </div><div id="a9990" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:530.97px;top:444.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>578 </div><div id="a9994" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:583.93px;top:444.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>(5) </div><div id="a9997" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:624.13px;top:444.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>103 </div><div id="a10001" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.57px;top:444.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,872 </div><div id="a10004" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:444.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,337 </div><div id="a10007" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:458.64px;">of which: expenses for litigation, regulatory and similar matters </div><div id="a10011" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:451.29px;top:458.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a10014" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:490.81px;top:458.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>(9) </div><div id="a10017" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:530.65px;top:458.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>(12) </div><div id="a10024" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:677.25px;top:458.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>(8) </div><div id="a10027" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:717.09px;top:458.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>(12) </div><div id="a10030" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:472.4px;">Business division operating profit / (loss) before tax as reported </div><div id="a10033" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:441.69px;top:472.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>701 </div><div id="a10036" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:486.33px;top:472.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>997 </div><div id="a10039" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:530.97px;top:472.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>504 </div><div id="a10043" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:579.13px;top:472.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(30) </div><div id="a10046" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.93px;top:472.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>39 </div><div id="a10050" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.57px;top:472.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,824 </div><div id="a10053" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:472.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,726 </div><div id="a10056" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:486.64px;">Business division operating profit / (loss) before tax (underlying)</div><div id="a10058" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:290.79px;top:487.6px;">2</div><div id="a10061" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:441.69px;top:486.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>794 </div><div id="a10064" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:486.33px;top:486.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>773 </div><div id="a10067" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:530.97px;top:486.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>504 </div><div id="a10071" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:589.05px;top:486.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>3 </div><div id="a10074" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.93px;top:486.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>58 </div><div id="a10078" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.57px;top:486.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,591 </div><div id="a10081" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:486.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,726 </div><div id="a10095" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;color:#9A3D37;left:59.36px;top:513.52px;">Performance measures and other information </div><div id="a10107" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:527.12px;">Pre-tax profit growth (year-on-year, %)</div><div id="a10114" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:201.47px;top:528.08px;">2</div><div id="a10117" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:439.29px;top:527.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>39.1 </div><div id="a10120" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:479.13px;top:527.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>132.0 </div><div id="a10123" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:528.57px;top:527.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>50.6 </div><div id="a10130" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:670.37px;top:527.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>63.6 </div><div id="a10133" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:719.81px;top:527.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>8.8 </div><div id="a10136" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:541.04px;">Cost / income ratio (%)</div><div id="a10137" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:144.19px;top:542px;">2</div><div id="a10140" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:439.29px;top:541.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>63.8 </div><div id="a10143" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:483.93px;top:541.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>55.0 </div><div id="a10146" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:528.57px;top:541.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>53.6 </div><div id="a10153" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:670.37px;top:541.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>56.6 </div><div id="a10156" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.01px;top:541.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>57.0 </div><div id="a10159" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:555.12px;">Average attributed equity (CHF bn)</div><div id="a10160" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:186.11px;top:556.08px;">3</div><div id="a10163" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:439.29px;top:555.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>17.9 </div><div id="a10166" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:483.93px;top:555.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>18.0 </div><div id="a10169" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:533.37px;top:555.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>9.0 </div><div id="a10173" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:589.05px;top:555.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a10176" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:624.13px;top:555.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>100 </div><div id="a10180" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:670.37px;top:555.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>13.9 </div><div id="a10183" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:719.81px;top:555.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>8.8 </div><div id="a10186" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:569.04px;">Return on attributed equity (%)</div><div id="a10187" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:173.47px;top:570px;">2,3</div><div id="a10190" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:439.29px;top:569.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>15.6 </div><div id="a10193" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:483.93px;top:569.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>22.2 </div><div id="a10196" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:528.57px;top:569.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>22.4 </div><div id="a10203" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:670.37px;top:569.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>20.3 </div><div id="a10206" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.01px;top:569.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>19.5 </div><div id="a10209" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:582.8px;">Loans, gross (CHF bn) </div><div id="a10212" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:434.49px;top:582.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>283.8 </div><div id="a10215" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:479.13px;top:582.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>288.5 </div><div id="a10218" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:523.77px;top:582.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>142.9 </div><div id="a10222" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:583.93px;top:582.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2) </div><div id="a10225" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.93px;top:582.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>99 </div><div id="a10229" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.57px;top:582.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>283.8 </div><div id="a10232" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:582.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>142.9 </div><div id="a10235" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:596.72px;">Customer deposits (CHF bn) </div><div id="a10238" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:434.49px;top:596.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>273.0 </div><div id="a10241" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:479.13px;top:596.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>268.9 </div><div id="a10244" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:523.77px;top:596.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>167.2 </div><div id="a10248" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:589.05px;top:596.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>2 </div><div id="a10251" 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<div id="a10502" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a10504" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a10506" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">UBS business divisions and Group Items |<div style="display:inline-block;width:1.43px">&#160;</div>Personal &amp; Corporate Banking<div style="display:inline-block;width:177.38px">&#160;</div>24 </div><div id="a10511" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:46.37px;">Recurring net fee<div style="display:inline-block;width:2.01px">&#160;</div>income increased<div style="display:inline-block;width:2.29px">&#160;</div>by CHF 228m,<div style="display:inline-block;width:2.48px">&#160;</div>or 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:511.29px;top:414px;">31.12.22</div><div id="a10662" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:544.89px;top:414.96px;">1</div><div id="a10665" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:575.93px;top:414px;">3Q23 </div><div id="a10667" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:620.61px;top:414px;">4Q22 </div><div id="a10670" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:655.97px;top:414px;">31.12.23 </div><div id="a10672" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:697.73px;top:414px;">31.12.22</div><div id="a10673" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:731.33px;top:414.96px;">1</div><div id="a10686" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;color:#9A3D37;left:59.36px;top:439.92px;">Results 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style="display:inline-block;width:2.4px">&#160;</div>172 </div><div id="a10718" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.57px;top:454px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,304 </div><div id="a10721" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:454px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,191 </div><div id="a10724" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:467.92px;">Recurring net fee income</div><div id="a10725" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:150.11px;top:468.88px;">2</div><div id="a10728" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:441.69px;top:467.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>481 </div><div id="a10731" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:486.33px;top:467.92px;"><div 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.93px;top:482px;"><div style="display:inline-block;width:2.4px">&#160;</div>73 </div><div id="a10774" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.57px;top:482px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,859 </div><div id="a10777" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:482px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,212 </div><div id="a10780" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:495.92px;">Other income </div><div id="a10783" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:436.41px;top:495.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(259) </div><div id="a10786" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:491.13px;top:495.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>34 </div><div id="a10789" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:535.77px;top:495.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>14 </div><div id="a10796" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:667.65px;top:495.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(238) </div><div id="a10799" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:722.21px;top:495.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>48 </div><div id="a10802" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:509.68px;">Total revenues </div><div id="a10805" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:434.49px;top:509.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,431 </div><div id="a10808" style="position:absolute;font-family:&apos;Frutiger 47 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:579.13px;top:591.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>(15) </div><div id="a10943" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:624.13px;top:591.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>115 </div><div id="a10947" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.57px;top:591.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>8,436 </div><div id="a10950" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:591.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,302 </div><div id="a10953" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:605.68px;">of which: accretion of PPA adjustments on financial instruments and other effects </div><div id="a10956" style="position:absolute;font-family:&apos;Frutiger 47 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</div><div id="a11000" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:523.77px;top:633.39px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,130 </div><div id="a11004" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:583.93px;top:633.39px;"><div style="display:inline-block;width:2.4px">&#160;</div>(4) </div><div id="a11007" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:624.13px;top:633.39px;"><div style="display:inline-block;width:2.4px">&#160;</div>106 </div><div id="a11011" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.57px;top:633.39px;"><div style="display:inline-block;width:2.4px">&#160;</div>7,741 </div><div id="a11014" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:633.39px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,302 </div><div id="a11017" style="position:absolute;font-family:&apos;Frutiger 47 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:722.21px;top:646.99px;"><div style="display:inline-block;width:2.4px">&#160;</div>39 </div><div id="a11041" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:660.75px;">Operating expenses as reported </div><div id="a11044" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:434.49px;top:660.75px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,560 </div><div id="a11047" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:479.13px;top:660.75px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,579 </div><div id="a11050" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:530.97px;top:660.75px;"><div style="display:inline-block;width:2.4px">&#160;</div>605 </div><div id="a11054" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:583.93px;top:660.75px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1) </div><div id="a11057" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:624.13px;top:660.75px;"><div style="display:inline-block;width:2.4px">&#160;</div>158 </div><div id="a11061" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.57px;top:660.75px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,787 </div><div id="a11064" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:660.75px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,452 </div><div id="a11067" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:674.67px;">of which: integration-related expenses</div><div id="a11070" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;font-style:italic;left:207.71px;top:675.63px;">2</div><div id="a11073" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:441.69px;top:674.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>188 </div><div id="a11076" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:486.33px;top:674.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>166 </div><div id="a11081" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:584.25px;top:674.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>14 </div><div id="a11086" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:672.77px;top:674.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>383 </div><div id="a11090" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:688.11px;">of which: amortization from newly recognized intangibles<div style="display:inline-block;width:0.85px">&#160;</div>resulting from the acquisition of </div><div id="a11091" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:699.79px;">the Credit Suisse Group </div><div id="a11094" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:446.49px;top:699.79px;"><div style="display:inline-block;width:2.4px">&#160;</div>29 </div><div id="a11097" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:491.13px;top:699.79px;"><div style="display:inline-block;width:2.4px">&#160;</div>28 </div><div id="a11102" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:589.05px;top:699.79px;"><div style="display:inline-block;width:2.4px">&#160;</div>2 </div><div id="a11107" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:677.57px;top:699.79px;"><div style="display:inline-block;width:2.4px">&#160;</div>65 </div><div id="a11111" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:712.75px;">Operating expenses (underlying)</div><div id="a11112" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:176.67px;top:713.71px;">2</div><div id="a11115" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:434.49px;top:712.75px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,343 </div><div id="a11118" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:479.13px;top:712.75px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,385 </div><div id="a11121" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:530.97px;top:712.75px;"><div style="display:inline-block;width:2.4px">&#160;</div>605 </div><div id="a11125" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:583.93px;top:712.75px;"><div style="display:inline-block;width:2.4px">&#160;</div>(3) </div><div id="a11128" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:624.13px;top:712.75px;"><div style="display:inline-block;width:2.4px">&#160;</div>122 </div><div id="a11132" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.57px;top:712.75px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,338 </div><div id="a11135" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:712.75px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,452 </div><div id="a11138" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:726.67px;">of which: expenses for litigation, regulatory and similar matters </div><div id="a11142" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:451.29px;top:726.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a11145" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:490.81px;top:726.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>(9) </div><div id="a11148" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:530.65px;top:726.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>(13) </div><div id="a11155" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:677.25px;top:726.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>(9) </div><div id="a11158" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:717.09px;top:726.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>(13) </div><div id="a11161" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:740.43px;">Business division operating profit / (loss) before tax as reported </div><div id="a11164" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:441.69px;top:740.43px;"><div style="display:inline-block;width:2.4px">&#160;</div>788 </div><div id="a11167" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:479.13px;top:740.43px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,124 </div><div id="a11170" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:530.97px;top:740.43px;"><div style="display:inline-block;width:2.4px">&#160;</div>529 </div><div id="a11174" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:579.13px;top:740.43px;"><div style="display:inline-block;width:2.4px">&#160;</div>(30) </div><div id="a11177" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.93px;top:740.43px;"><div style="display:inline-block;width:2.4px">&#160;</div>49 </div><div id="a11181" style="position:absolute;font-family:&apos;Frutiger 47 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:530.97px;top:754.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>529 </div><div id="a11202" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:589.05px;top:754.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>4 </div><div id="a11205" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.93px;top:754.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>72 </div><div id="a11209" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.57px;top:754.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,902 </div><div id="a11212" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:754.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,812 </div><div id="a11226" 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style="display:inline-block;width:2.4px">&#160;</div>20.2 </div><div id="a11297" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:483.93px;top:823.15px;"><div style="display:inline-block;width:2.4px">&#160;</div>20.2 </div><div id="a11300" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:533.37px;top:823.15px;"><div style="display:inline-block;width:2.4px">&#160;</div>9.3 </div><div id="a11304" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:589.05px;top:823.15px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a11307" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:624.13px;top:823.15px;"><div style="display:inline-block;width:2.4px">&#160;</div>117 </div><div id="a11311" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:670.37px;top:823.15px;"><div style="display:inline-block;width:2.4px">&#160;</div>15.5 </div><div id="a11314" 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style="display:inline-block;width:2.4px">&#160;</div>154.6 </div><div id="a11353" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:589.05px;top:850.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>7 </div><div id="a11356" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:624.13px;top:850.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>118 </div><div id="a11360" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.57px;top:850.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>337.2 </div><div id="a11363" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:850.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>154.6 </div><div id="a11366" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:864.79px;">Customer deposits (USD bn) </div><div id="a11369" style="position:absolute;font-family:&apos;Frutiger 47 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47 CN&apos;;left:715.01px;top:933.11px;"><div style="display:inline-block;width:2.4px">&#160;</div>57.0 </div><div id="a11491" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:947.71px;">1 Information reflects Personal &amp; Corporate<div style="display:inline-block;width:3.68px">&#160;</div>Banking as reported in the fourth quarter<div style="display:inline-block;width:3.55px">&#160;</div>of 2022 and the twelve months of<div style="display:inline-block;width:3.41px">&#160;</div>2022, respectively.<div style="display:inline-block;width:9.81px">&#160;</div>2 Refer to &#8220;Alternative<div style="display:inline-block;width:3.69px">&#160;</div>performance measures&#8221; in the appendix to<div style="display:inline-block;width:3.54px">&#160;</div>this </div><div id="a11495" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:957.79px;">report for the definition and calculation method.<div 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:427.13px;top:135.88px;">As of or for the quarter ended </div><div id="a11531" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:569.69px;top:135.88px;">% change from </div><div id="a11534" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:655.49px;top:124.2px;">As of or for the year </div><div id="a11535" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:680.61px;top:135.88px;">ended </div><div id="a11537" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:59.36px;top:148.84px;">USD m, except where indicated </div><div id="a11540" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:422.63px;top:148.84px;">31.12.23 </div><div id="a11542" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:472.41px;top:148.84px;">30.9.23 </div><div id="a11544" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:509.69px;top:148.84px;">31.12.22</div><div id="a11545" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:543.29px;top:149.8px;">1</div><div id="a11548" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:574.81px;top:148.84px;">3Q23 </div><div id="a11550" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:619.97px;top:148.84px;">4Q22 </div><div id="a11553" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:655.65px;top:148.84px;">31.12.23 </div><div id="a11555" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:697.73px;top:148.84px;">31.12.22</div><div id="a11556" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:731.33px;top:149.8px;">1</div><div id="a11569" 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style="display:inline-block;width:2.4px">&#160;</div>52 </div><div id="a11614" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:489.21px;top:195.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>18 </div><div id="a11617" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:534.17px;top:195.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>24 </div><div id="a11621" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:578.33px;top:195.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>194 </div><div id="a11624" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:623.49px;top:195.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>118 </div><div id="a11628" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:672.45px;top:195.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>104 </div><div id="a11631" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:722.21px;top:195.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>64 </div><div id="a11634" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:209.64px;">Net gain from disposals </div><div id="a11638" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:444.25px;top:209.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>27 </div><div id="a11647" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:677.25px;top:209.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>27 </div><div id="a11650" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:717.41px;top:209.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>848 </div><div id="a11653" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:223.24px;">Total revenues </div><div id="a11656" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:439.45px;top:223.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>805 </div><div id="a11659" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:484.41px;top:223.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>755 </div><div id="a11662" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:529.37px;top:223.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>495 </div><div id="a11666" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:587.93px;top:223.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>7 </div><div id="a11669" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.29px;top:223.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>63 </div><div id="a11673" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.25px;top:223.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,639 </div><div id="a11676" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:223.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,961 </div><div id="a11679" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:236.84px;">Credit loss expense / (release) </div><div id="a11682" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:443.93px;top:236.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1) </div><div id="a11685" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:494.01px;top:236.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a11688" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:538.97px;top:236.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a11695" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:682.05px;top:236.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a11698" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:727.01px;top:236.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a11701" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:250.6px;">Operating expenses </div><div id="a11704" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:439.45px;top:250.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>691 </div><div id="a11707" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:484.41px;top:250.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>724 </div><div id="a11710" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:529.37px;top:250.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>372 </div><div id="a11714" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:582.81px;top:250.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>(5) </div><div id="a11717" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.29px;top:250.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>86 </div><div id="a11721" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.25px;top:250.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,321 </div><div id="a11724" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:250.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,564 </div><div id="a11727" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:264.2px;">Business division operating profit / (loss) before tax </div><div id="a11731" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:439.45px;top:264.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>115 </div><div id="a11734" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:489.21px;top:264.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>31 </div><div id="a11737" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:529.37px;top:264.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>124 </div><div id="a11741" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:578.33px;top:264.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>269 </div><div id="a11744" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:627.97px;top:264.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>(7) </div><div id="a11748" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:672.45px;top:264.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>318 </div><div id="a11751" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:264.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,397 </div><div id="a11765" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;color:#9A3D37;left:59.36px;top:283.24px;">Underlying results </div><div id="a11777" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:296.84px;">Total revenues as reported </div><div id="a11780" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:439.45px;top:296.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>805 </div><div id="a11783" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:484.41px;top:296.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>755 </div><div id="a11786" style="position:absolute;font-family:&apos;Frutiger 47 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id="a11828" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:529.37px;top:324.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>495 </div><div id="a11832" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:587.93px;top:324.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>7 </div><div id="a11835" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.29px;top:324.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>63 </div><div id="a11839" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.25px;top:324.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,639 </div><div id="a11842" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:324.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,114 </div><div id="a11845" style="position:absolute;font-family:&apos;Frutiger 47 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:351.88px;">Operating expenses as reported </div><div id="a11870" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:439.45px;top:351.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>691 </div><div id="a11873" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:484.41px;top:351.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>724 </div><div id="a11876" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:529.37px;top:351.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>372 </div><div id="a11880" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:582.81px;top:351.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>(5) </div><div id="a11883" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.29px;top:351.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>86 </div><div id="a11887" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.25px;top:351.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,321 </div><div id="a11890" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:351.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,564 </div><div id="a11893" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:366px;">of which: integration-related expenses</div><div id="a11896" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;font-style:italic;left:207.71px;top:366.96px;">4</div><div id="a11899" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:444.25px;top:366px;"><div style="display:inline-block;width:2.4px">&#160;</div>66 </div><div id="a11902" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:484.41px;top:366px;"><div style="display:inline-block;width:2.4px">&#160;</div>125 </div><div id="a11907" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:578.01px;top:366px;"><div style="display:inline-block;width:2.4px">&#160;</div>(47) </div><div id="a11912" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:672.45px;top:366px;"><div style="display:inline-block;width:2.4px">&#160;</div>205 </div><div id="a11916" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:379.6px;">Operating expenses (underlying)</div><div id="a11918" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:176.67px;top:380.56px;">4</div><div id="a11921" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:439.45px;top:379.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>625 </div><div id="a11924" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:484.41px;top:379.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>599 </div><div id="a11927" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:529.37px;top:379.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>372 </div><div id="a11931" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:587.93px;top:379.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>4 </div><div id="a11934" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.29px;top:379.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>68 </div><div id="a11938" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.25px;top:379.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,116 </div><div id="a11941" 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:682.05px;top:393.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>8 </div><div id="a11963" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:727.01px;top:393.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>1 </div><div id="a11966" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:407.28px;">Business division operating profit / (loss) before tax as reported </div><div id="a11969" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:439.45px;top:407.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>115 </div><div id="a11972" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:489.21px;top:407.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>31 </div><div id="a11975" style="position:absolute;font-family:&apos;Frutiger 47 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47 CN&apos;;color:#9A3D37;left:436.57px;top:453.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(7.5) </div><div id="a12055" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:476.89px;top:453.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(77.8) </div><div id="a12058" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:521.85px;top:453.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(62.9) </div><div id="a12065" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:664.93px;top:453.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(77.3) </div><div id="a12068" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.01px;top:453.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>35.7 </div><div id="a12071" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:467.6px;">Cost / income ratio (%)</div><div id="a12072" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:144.19px;top:468.56px;">4</div><div id="a12075" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:437.05px;top:467.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>85.8 </div><div id="a12078" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:482.01px;top:467.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>95.9 </div><div id="a12081" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:526.97px;top:467.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>75.1 </div><div id="a12088" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:670.05px;top:467.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>88.0 </div><div id="a12091" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.01px;top:467.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>52.8 </div><div id="a12094" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:481.68px;">Average attributed equity (USD bn)</div><div id="a12095" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:186.75px;top:482.64px;">5</div><div id="a12098" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:441.85px;top:481.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>2.3 </div><div id="a12101" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:486.81px;top:481.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>2.3 </div><div id="a12104" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:531.77px;top:481.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>1.7 </div><div id="a12108" style="position:absolute;font-family:&apos;Frutiger 47 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:196.51px;top:510.64px;">4,6</div><div id="a12148" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:444.25px;top:509.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>20 </div><div id="a12151" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:489.21px;top:509.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>19 </div><div id="a12154" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:534.17px;top:509.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>19 </div><div id="a12161" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:677.25px;top:509.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>19 </div><div id="a12164" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:722.21px;top:509.68px;"><div 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:670.05px;top:616.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>17.8 </div><div id="a12319" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.01px;top:616.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>36.5 </div><div id="a12322" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:630.67px;">of which: money market </div><div id="a12325" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:441.85px;top:630.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>1.4 </div><div id="a12328" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:486.81px;top:630.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>5.7 </div><div id="a12331" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:526.97px;top:630.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>16.3 </div><div id="a12338" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:670.05px;top:630.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>22.3 </div><div id="a12341" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:715.01px;top:630.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>26.3 </div><div id="a12344" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:644.59px;">Multi-asset &amp; Solutions </div><div id="a12349" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:441.85px;top:644.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.9 </div><div id="a12352" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:481.69px;top:644.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>(0.5) </div><div id="a12355" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:526.65px;top:644.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>(6.7) </div><div id="a12362" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:674.85px;top:644.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>2.2 </div><div id="a12365" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:714.69px;top:644.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1.3) </div><div id="a12368" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:658.67px;">Hedge Fund Businesses </div><div id="a12371" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:436.57px;top:658.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1.6) </div><div id="a12374" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:481.69px;top:658.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1.7) </div><div id="a12377" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:531.77px;top:658.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>3.6 </div><div id="a12384" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:669.73px;top:658.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>(4.2) </div><div id="a12387" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:719.81px;top:658.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>2.3 </div><div id="a12390" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:672.59px;">Real Estate &amp; Private Markets </div><div id="a12393" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:441.85px;top:672.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.3 </div><div id="a12396" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:486.81px;top:672.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.7 </div><div id="a12399" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:531.77px;top:672.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.5 </div><div id="a12406" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:674.85px;top:672.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>2.7 </div><div id="a12409" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:719.81px;top:672.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.2 </div><div id="a12412" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:686.35px;">Total net new money excluding associates </div><div id="a12415" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:431.77px;top:686.35px;"><div style="display:inline-block;width:2.4px">&#160;</div>(12.4) </div><div id="a12418" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:481.69px;top:686.35px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2.6) </div><div id="a12421" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:526.97px;top:686.35px;"><div style="display:inline-block;width:2.4px">&#160;</div>10.8 </div><div id="a12428" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:670.05px;top:686.35px;"><div style="display:inline-block;width:2.4px">&#160;</div>14.6 </div><div id="a12431" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.01px;top:686.35px;"><div style="display:inline-block;width:2.4px">&#160;</div>24.8 </div><div id="a12434" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:700.27px;">of which: net new money 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style="display:inline-block;width:2.4px">&#160;</div>(1.6) </div><div id="a12456" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:714.35px;">Associates</div><div id="a12457" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:97.47px;top:715.31px;">7</div><div id="a12460" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:441.85px;top:714.35px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.1 </div><div id="a12463" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:486.81px;top:714.35px;"><div style="display:inline-block;width:2.4px">&#160;</div>1.2 </div><div id="a12466" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:526.65px;top:714.35px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1.4) </div><div id="a12473" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:674.85px;top:714.35px;"><div style="display:inline-block;width:2.4px">&#160;</div>1.1 </div><div id="a12476" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:719.81px;top:714.35px;"><div style="display:inline-block;width:2.4px">&#160;</div>7.7 </div><div id="a12479" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:728.11px;">Total net new money</div><div id="a12480" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:6.08px;font-weight:bold;left:136.03px;top:728.97px;">6</div><div id="a12483" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:431.77px;top:727.95px;"><div style="display:inline-block;width:2.4px">&#160;</div>(12.2) </div><div id="a12486" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:481.69px;top:727.95px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1.5) </div><div id="a12489" style="position:absolute;font-family:&apos;Frutiger 47 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style="display:inline-block;width:2.4px">&#160;</div>644 </div><div id="a12532" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:484.41px;top:760.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>588 </div><div id="a12535" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:529.37px;top:760.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>456 </div><div id="a12539" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:583.13px;top:760.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>10 </div><div id="a12542" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.29px;top:760.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>41 </div><div id="a12546" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:672.45px;top:760.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>644 </div><div id="a12549" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:717.41px;top:760.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>456 </div><div id="a12552" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:774.67px;">Fixed Income </div><div id="a12555" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:439.45px;top:774.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>445 </div><div id="a12558" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:484.41px;top:774.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>446 </div><div id="a12561" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:529.37px;top:774.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>296 </div><div id="a12565" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:587.93px;top:774.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a12568" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.29px;top:774.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>51 </div><div id="a12572" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:672.45px;top:774.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>445 </div><div id="a12575" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:717.41px;top:774.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>296 </div><div id="a12578" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:788.59px;">of which: money market </div><div id="a12581" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:439.45px;top:788.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>134 </div><div id="a12584" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:484.41px;top:788.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>146 </div><div id="a12587" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:529.37px;top:788.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>119 </div><div id="a12591" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:582.81px;top:788.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>(8) </div><div id="a12594" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:628.29px;top:788.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>13 </div><div id="a12598" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:672.45px;top:788.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>134 </div><div id="a12601" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:717.41px;top:788.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>119 </div><div id="a12604" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:802.67px;">Multi-asset &amp; Solutions </div><div id="a12609" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:439.45px;top:802.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>274 </div><div id="a12612" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:484.41px;top:802.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>248 </div><div id="a12615" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:529.37px;top:802.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>155 </div><div id="a12619" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:583.13px;top:802.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>10 </div><div id="a12622" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.29px;top:802.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>77 </div><div id="a12626" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:672.45px;top:802.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>274 </div><div id="a12629" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:717.41px;top:802.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>155 </div><div id="a12632" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:816.59px;">Hedge Fund Businesses </div><div id="a12635" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:444.25px;top:816.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>57 </div><div id="a12638" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:489.21px;top:816.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>58 </div><div id="a12641" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:534.17px;top:816.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>55 </div><div id="a12645" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:582.81px;top:816.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2) </div><div id="a12648" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:633.09px;top:816.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>3 </div><div id="a12652" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:677.25px;top:816.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>57 </div><div id="a12655" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:722.21px;top:816.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>55 </div><div id="a12658" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:830.67px;">Real Estate &amp; Private Markets </div><div id="a12661" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:439.45px;top:830.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>156 </div><div id="a12664" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:484.41px;top:830.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>149 </div><div id="a12667" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:529.37px;top:830.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>102 </div><div id="a12671" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:587.93px;top:830.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>5 </div><div id="a12674" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.29px;top:830.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>54 </div><div id="a12678" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:672.45px;top:830.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>156 </div><div id="a12681" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:717.41px;top:830.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>102 </div><div id="a12684" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:844.27px;">Total invested assets excluding associates </div><div id="a12687" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:432.25px;top:844.27px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,577 </div><div id="a12690" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:477.21px;top:844.27px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,489 </div><div id="a12693" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:522.17px;top:844.27px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,064 </div><div id="a12697" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:587.93px;top:844.27px;"><div style="display:inline-block;width:2.4px">&#160;</div>6 </div><div id="a12700" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.29px;top:844.27px;"><div style="display:inline-block;width:2.4px">&#160;</div>48 </div><div id="a12704" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.25px;top:844.27px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,577 </div><div id="a12707" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:844.27px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,064 </div><div id="a12710" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:858.35px;">of which: passive strategies </div><div id="a12713" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:439.45px;top:858.35px;"><div style="display:inline-block;width:2.4px">&#160;</div>715 </div><div id="a12716" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:484.41px;top:858.35px;"><div style="display:inline-block;width:2.4px">&#160;</div>642 </div><div id="a12719" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:529.37px;top:858.35px;"><div style="display:inline-block;width:2.4px">&#160;</div>443 </div><div id="a12723" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:583.13px;top:858.35px;"><div style="display:inline-block;width:2.4px">&#160;</div>11 </div><div id="a12726" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:628.29px;top:858.35px;"><div style="display:inline-block;width:2.4px">&#160;</div>61 </div><div id="a12730" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:672.45px;top:858.35px;"><div style="display:inline-block;width:2.4px">&#160;</div>715 </div><div id="a12733" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:717.41px;top:858.35px;"><div style="display:inline-block;width:2.4px">&#160;</div>443 </div><div id="a12736" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:872.31px;">Associates</div><div id="a12737" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:97.47px;top:873.27px;">7</div><div id="a12740" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:444.25px;top:872.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>72 </div><div id="a12743" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:489.21px;top:872.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>70 </div><div id="a12746" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:534.17px;top:872.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>24 </div><div id="a12750" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:587.93px;top:872.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>3 </div><div id="a12753" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:623.49px;top:872.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>205 </div><div id="a12757" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:677.25px;top:872.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>72 </div><div id="a12760" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:722.21px;top:872.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>24 </div><div id="a12763" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:886.07px;">Total invested assets</div><div id="a12764" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:6.08px;font-weight:bold;left:134.59px;top:886.93px;">6</div><div id="a12767" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:432.25px;top:886.07px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,649 </div><div id="a12770" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:477.21px;top:886.07px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,559 </div><div id="a12773" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:522.17px;top:886.07px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,088 </div><div id="a12777" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:587.93px;top:886.07px;"><div style="display:inline-block;width:2.4px">&#160;</div>6 </div><div id="a12780" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.29px;top:886.07px;"><div style="display:inline-block;width:2.4px">&#160;</div>52 </div><div id="a12784" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.25px;top:886.07px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,649 </div><div id="a12787" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:886.07px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,088 </div></div>
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<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:290px; background-color:#74726F; ">&#160;</div>
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<div id="a12792" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a12794" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a12796" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">UBS business divisions and Group Items | Asset<div style="display:inline-block;width:1.26px">&#160;</div>Management<div style="display:inline-block;width:223.49px">&#160;</div>26 </div><div id="a12801" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:59.36px;top:46.86px;">Asset Management (continued) </div><div id="a12815" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:427.13px;top:74.58px;">As of or for the quarter ended </div><div id="a12818" 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:149.15px;top:121.16px;">4</div><div id="a12881" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:133.96px;">Americas </div><div id="a12884" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:439.45px;top:133.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>402 </div><div id="a12887" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:484.41px;top:133.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>387 </div><div id="a12890" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:529.37px;top:133.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>298 </div><div id="a12894" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:587.93px;top:133.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>4 </div><div id="a12897" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.29px;top:133.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>35 </div><div id="a12901" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:672.45px;top:133.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>402 </div><div id="a12904" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:717.41px;top:133.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>298 </div><div id="a12907" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:147.88px;">Asia Pacific</div><div id="a12908" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:100.67px;top:148.84px;">6</div><div id="a12911" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:439.45px;top:147.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>211 </div><div id="a12914" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:484.41px;top:147.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>225 </div><div id="a12917" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:529.37px;top:147.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>173 </div><div id="a12921" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:582.81px;top:147.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>(6) </div><div id="a12924" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.29px;top:147.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>22 </div><div id="a12928" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:672.45px;top:147.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>211 </div><div id="a12931" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:717.41px;top:147.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>173 </div><div id="a12934" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:161.96px;">Europe, Middle East and Africa (excluding Switzerland) </div><div id="a12937" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:439.45px;top:161.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>354 </div><div id="a12940" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:484.41px;top:161.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>328 </div><div id="a12943" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:529.37px;top:161.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>263 </div><div id="a12947" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:587.93px;top:161.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>8 </div><div id="a12950" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.29px;top:161.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>35 </div><div id="a12954" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:672.45px;top:161.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>354 </div><div id="a12957" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:717.41px;top:161.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>263 </div><div id="a12960" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:175.88px;">Switzerland </div><div id="a12963" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:439.45px;top:175.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>682 </div><div id="a12966" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:484.41px;top:175.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>619 </div><div id="a12969" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:529.37px;top:175.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>354 </div><div id="a12973" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:583.13px;top:175.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>10 </div><div id="a12976" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.29px;top:175.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>93 </div><div id="a12980" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:672.45px;top:175.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>682 </div><div id="a12983" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:717.41px;top:175.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>354 </div><div id="a12986" 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.29px;top:189.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>52 </div><div id="a13007" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.25px;top:189.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,649 </div><div id="a13010" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:189.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,088 </div><div id="a13024" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;color:#9A3D37;left:59.36px;top:208.68px;">Information by channel </div><div id="a13036" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:222.28px;">Invested assets (USD bn)</div><div id="a13037" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:149.15px;top:223.24px;">4</div><div id="a13049" 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style="display:inline-block;width:2.4px">&#160;</div>55 </div><div id="a13071" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:672.45px;top:235.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>939 </div><div id="a13074" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:717.41px;top:235.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>606 </div><div id="a13077" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:249.96px;">Third-party wholesale </div><div id="a13082" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:439.45px;top:249.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>177 </div><div id="a13085" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:484.41px;top:249.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>162 </div><div id="a13088" style="position:absolute;font-family:&apos;Frutiger 47 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id="a13712" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:629.25px;top:316.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>27 </div><div id="a13716" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:666.21px;top:316.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>8,661 </div><div id="a13719" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:711.17px;top:316.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>8,717 </div><div id="a13722" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:329.96px;">Credit loss expense / (release) </div><div id="a13725" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:445.21px;top:329.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>48 </div><div id="a13728" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:494.97px;top:329.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>4 </div><div id="a13731" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:539.93px;top:329.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>8 </div><div id="a13736" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:624.45px;top:329.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>496 </div><div id="a13740" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:673.41px;top:329.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>190 </div><div id="a13743" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:718.05px;top:329.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>(12) </div><div id="a13746" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:343.88px;">Operating expenses </div><div id="a13750" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:433.21px;top:343.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,260 </div><div id="a13753" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:478.17px;top:343.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,377 </div><div id="a13756" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:523.13px;top:343.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,563 </div><div id="a13760" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:583.93px;top:343.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>(5) </div><div id="a13763" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:629.25px;top:343.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>45 </div><div id="a13767" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:666.21px;top:343.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>8,515 </div><div id="a13770" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:711.17px;top:343.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>6,832 </div><div id="a13773" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:358.44px;">Business division operating profit / (loss) before tax </div><div id="a13776" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:435.13px;top:358.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>(169) </div><div id="a13779" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:480.25px;top:358.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>(230) </div><div id="a13782" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:530.33px;top:358.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>112 </div><div id="a13786" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:579.13px;top:358.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>(27) </div><div id="a13791" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:673.09px;top:358.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>(44) </div><div id="a13794" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:711.17px;top:358.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,897 </div><div id="a13808" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;color:#9A3D37;left:59.36px;top:385.52px;">Underlying results </div><div id="a13820" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:399.44px;">Total revenues as reported </div><div id="a13823" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:433.21px;top:399.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,139 </div><div id="a13826" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:478.17px;top:399.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,151 </div><div id="a13829" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:523.13px;top:399.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,682 </div><div id="a13833" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:583.93px;top:399.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1) </div><div id="a13836" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:629.25px;top:399.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>27 </div><div id="a13840" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:666.21px;top:399.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>8,661 </div><div id="a13843" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:711.17px;top:399.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>8,717 </div><div id="a13846" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:413.68px;">of which: accretion of PPA adjustments on financial instruments </div><div id="a13849" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:440.41px;top:413.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>277 </div><div id="a13852" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:485.37px;top:413.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>251 </div><div id="a13857" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:584.25px;top:413.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>11 </div><div id="a13862" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:673.41px;top:413.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>583 </div><div id="a13866" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:427.92px;">of which: losses in the first quarter of 2022 from transactions with<div style="display:inline-block;width:0.86px">&#160;</div>Russian counterparties </div><div id="a13877" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:718.05px;top:427.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(93) </div><div id="a13880" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:441.84px;">Total revenues (underlying)</div><div id="a13882" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:157.95px;top:442.8px;">2</div><div id="a13885" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:433.21px;top:441.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,861 </div><div id="a13888" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:478.17px;top:441.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,900 </div><div id="a13891" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:523.13px;top:441.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,682 </div><div id="a13895" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:583.93px;top:441.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2) </div><div id="a13898" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:629.25px;top:441.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>11 </div><div id="a13902" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:666.21px;top:441.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>8,078 </div><div id="a13905" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:711.17px;top:441.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>8,810 </div><div id="a13908" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:455.76px;">Credit loss expense / (release) </div><div id="a13911" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:445.21px;top:455.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>48 </div><div id="a13914" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:494.97px;top:455.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>4 </div><div id="a13917" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:539.93px;top:455.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>8 </div><div id="a13922" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:624.45px;top:455.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>496 </div><div id="a13926" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:673.41px;top:455.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>190 </div><div id="a13929" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:718.05px;top:455.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>(12) </div><div id="a13932" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:469.68px;">Operating expenses as reported </div><div id="a13935" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:433.21px;top:469.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,260 </div><div id="a13938" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:478.17px;top:469.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,377 </div><div id="a13941" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:523.13px;top:469.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,563 </div><div id="a13945" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:583.93px;top:469.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(5) </div><div id="a13948" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:629.25px;top:469.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>45 </div><div id="a13952" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:666.21px;top:469.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>8,515 </div><div id="a13955" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:711.17px;top:469.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>6,832 </div><div id="a13958" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:483.92px;">of which: integration-related expenses</div><div id="a13961" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;font-style:italic;left:207.71px;top:484.88px;">2</div><div id="a13964" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:440.41px;top:483.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>166 </div><div id="a13967" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:485.37px;top:483.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>365 </div><div id="a13972" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:579.13px;top:483.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(55) </div><div id="a13977" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:673.41px;top:483.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>692 </div><div id="a13981" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:498.32px;">Operating expenses (underlying)</div><div id="a13982" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:176.67px;top:499.28px;">2</div><div id="a13985" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:433.21px;top:498.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,094 </div><div id="a13988" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:478.17px;top:498.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,012 </div><div id="a13991" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:523.13px;top:498.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,563 </div><div id="a13995" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:589.05px;top:498.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>4 </div><div id="a13998" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:629.25px;top:498.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>34 </div><div id="a14002" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:666.21px;top:498.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>7,823 </div><div id="a14005" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:711.17px;top:498.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>6,832 </div><div id="a14008" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:513.36px;">of which: expenses for litigation, regulatory and similar matters </div><div id="a14011" style="position:absolute;font-family:&apos;Frutiger 47 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style="display:inline-block;width:2.4px">&#160;</div>(27) </div><div id="a14051" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:673.09px;top:527.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(44) </div><div id="a14054" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:711.17px;top:527.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,897 </div><div id="a14057" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:543.44px;">Business division operating profit / (loss) before tax (underlying)</div><div id="a14058" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:6.08px;font-weight:bold;left:290.95px;top:544.3px;">2</div><div id="a14061" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:435.13px;top:543.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>(280) </div><div id="a14064" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:480.25px;top:543.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>(116) </div><div id="a14067" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:530.33px;top:543.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>112 </div><div id="a14071" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:579.45px;top:543.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>143 </div><div id="a14076" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:678.21px;top:543.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>64 </div><div id="a14079" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:711.17px;top:543.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,990 </div><div id="a14093" 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style="display:inline-block;width:2.4px">&#160;</div>(84.4) </div><div id="a14129" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:661.09px;top:584.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>(102.3) </div><div id="a14132" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.85px;top:584.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>(27.9) </div><div id="a14135" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:598.8px;">Cost / income ratio (%)</div><div id="a14136" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:144.19px;top:599.76px;">2</div><div id="a14139" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:433.21px;top:598.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>105.7 </div><div id="a14142" style="position:absolute;font-family:&apos;Frutiger 47 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style="display:inline-block;width:2.4px">&#160;</div>13.8 </div><div id="a14182" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.97px;top:613.07px;"><div style="display:inline-block;width:2.4px">&#160;</div>13.0 </div><div id="a14185" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:627.31px;">Return on attributed equity (%)</div><div id="a14186" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:173.47px;top:628.27px;">2,3</div><div id="a14189" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:437.53px;top:627.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>(4.7) </div><div id="a14192" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:482.65px;top:627.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>(6.2) </div><div id="a14195" style="position:absolute;font-family:&apos;Frutiger 47 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style="display:inline-block;width:2.4px">&#160;</div>77.6 </div><div id="a14283" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:697.27px;">1 Information reflects the Investment Bank as reported<div style="display:inline-block;width:3.7px">&#160;</div>in the fourth quarter of 2022 and the<div style="display:inline-block;width:3.45px">&#160;</div>twelve months of 2022, respectively.<div style="display:inline-block;width:10.28px">&#160;</div>2 Refer to &#8220;Alternative<div style="display:inline-block;width:3.69px">&#160;</div>performance measures&#8221; in the appendix to this report<div style="display:inline-block;width:3.7px">&#160;</div>for </div><div id="a14286" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:707.35px;">the definition and calculation method.<div style="display:inline-block;width:8.46px">&#160;</div>3 Refer to the &#8220;Capital management&#8221; section of the UBS 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<div id="a14292" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a14294" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a14296" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">UBS business divisions and Group Items | Investment<div style="display:inline-block;width:1.19px">&#160;</div>Bank<div style="display:inline-block;width:235.89px">&#160;</div>28 </div><div id="a14301" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;color:#E60000;left:56.8px;top:46.03px;">Results: 4Q23 vs 4Q22 </div><div id="a14303" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:72.45px;">Loss before<div style="display:inline-block;width:6.1px">&#160;</div>tax was<div style="display:inline-block;width:5.84px">&#160;</div>USD 169m, compared<div style="display:inline-block;width:5.82px">&#160;</div>with profit<div style="display:inline-block;width:5.85px">&#160;</div>before tax<div style="display:inline-block;width:6.13px">&#160;</div>of USD 112m,<div style="display:inline-block;width:5.81px">&#160;</div>mainly due<div style="display:inline-block;width:6.12px">&#160;</div>to higher<div style="display:inline-block;width:5.86px">&#160;</div>operating </div><div id="a14311" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:89.73px;">expenses associated with the acquisition of the Credit Suisse Group, which included integration-related expenses, </div><div id="a14316" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:107.2px;">partly<div style="display:inline-block;width:7.49px">&#160;</div>offset<div style="display:inline-block;width:7.44px">&#160;</div>by<div style="display:inline-block;width:7.52px">&#160;</div>higher<div style="display:inline-block;width:7.41px">&#160;</div>total<div style="display:inline-block;width:7.34px">&#160;</div>revenues.<div style="display:inline-block;width:7.3px">&#160;</div>Excluding<div style="display:inline-block;width:7.36px">&#160;</div>USD 277m<div style="display:inline-block;width:7.27px">&#160;</div>of<div style="display:inline-block;width:7.48px">&#160;</div>accretion<div style="display:inline-block;width:7.43px">&#160;</div>of<div style="display:inline-block;width:7.32px">&#160;</div>purchase<div style="display:inline-block;width:7.54px">&#160;</div>price<div style="display:inline-block;width:7.38px">&#160;</div>allocation<div style="display:inline-block;width:7.07px">&#160;</div>(PPA) </div><div id="a14320" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:124.48px;">adjustments on<div style="display:inline-block;width:6.22px">&#160;</div>financial instruments<div style="display:inline-block;width:6.01px">&#160;</div>and integration-related<div style="display:inline-block;width:5.76px">&#160;</div>expenses of<div style="display:inline-block;width:6.22px">&#160;</div>USD 166m, underlying<div style="display:inline-block;width:5.94px">&#160;</div>loss before<div style="display:inline-block;width:6.35px">&#160;</div>tax </div><div id="a14325" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:141.76px;">was USD 280m. </div><div id="a14332" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;color:#E60000;left:56.8px;top:167.68px;">Total revenues </div><div id="a14334" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:185.12px;">Total<div style="display:inline-block;width:5.43px">&#160;</div>revenues increased by USD 457m, or 27%, to USD 2,139m, mainly due to the<div style="display:inline-block;width:2.55px">&#160;</div>consolidation of Credit Suisse </div><div id="a14342" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:202.4px;">revenues, and included<div style="display:inline-block;width:5.78px">&#160;</div>the aforementioned USD 277m<div style="display:inline-block;width:5.32px">&#160;</div>of accretion<div style="display:inline-block;width:5.42px">&#160;</div>effects. 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style="display:inline-block;width:2.35px">&#160;</div>by USD 697m, or<div style="display:inline-block;width:2.54px">&#160;</div>45%, to USD 2,260m,<div style="display:inline-block;width:2.43px">&#160;</div>largely due to<div style="display:inline-block;width:2.49px">&#160;</div>integration-related expenses, </div><div id="a14563" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:869.86px;">the consolidation<div style="display:inline-block;width:5.66px">&#160;</div>of Credit<div style="display:inline-block;width:6.1px">&#160;</div>Suisse expenses,<div style="display:inline-block;width:5.87px">&#160;</div>higher variable<div style="display:inline-block;width:5.83px">&#160;</div>compensation recognized<div style="display:inline-block;width:5.64px">&#160;</div>in the<div style="display:inline-block;width:6.05px">&#160;</div>quarter and<div style="display:inline-block;width:5.9px">&#160;</div>higher </div><div id="a14564" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:887.3px;">technology expenses.<div style="display:inline-block;width:5.44px">&#160;</div>Excluding integration-related<div style="display:inline-block;width:5.71px">&#160;</div>expenses of<div style="display:inline-block;width:5.74px">&#160;</div>USD 166m, underlying<div style="display:inline-block;width:5.46px">&#160;</div>operating expenses<div style="display:inline-block;width:5.31px">&#160;</div>were </div><div id="a14570" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:904.58px;">USD 2,094m. </div><div id="a14576" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.72px;color:#9A3D37;left:56.8px;top:979.24px;">1 </div><div id="a14578" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:61.92px;top:977.47px;">UBS fee-pool-comparable revenues consist of revenues<div style="display:inline-block;width:3.69px">&#160;</div>from: merger-and-acquisition-related transactions; Equity<div style="display:inline-block;width:3.52px">&#160;</div>Capital Markets, excluding<div style="display:inline-block;width:3.54px">&#160;</div>derivatives; Leveraged Capital Markets,<div style="display:inline-block;width:4.16px">&#160;</div>excluding the impact of mark-to-</div><div id="a14592" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:56.8px;top:987.71px;">market movements on loan portfolios; and Debt Capital Markets,<div style="display:inline-block;width:3.48px">&#160;</div>excluding revenues related to debt underwriting of UBS instruments.</div><div id="a14595" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.72px;color:#9A3D37;left:56.8px;top:999.56px;">2 </div><div id="a14597" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:61.76px;top:997.79px;">Source: Dealogic, as of 29 December 2023. </div></div>
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<div id="a14602" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a14604" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a14606" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">UBS business divisions and Group Items | Non-core<div style="display:inline-block;width:1.13px">&#160;</div>and Legacy<div style="display:inline-block;width:216.52px">&#160;</div>29 </div><div id="a14613" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:29.28px;left:56.8px;top:44.2px;">Non-core and Legacy </div><div id="a14617" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:59.36px;top:109.13px;">Non-core and Legacy </div><div id="a14633" 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style="display:inline-block;width:2.4px">&#160;</div>59 </div><div id="a14722" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:538.97px;top:210.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a14729" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:672.45px;top:210.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>193 </div><div id="a14732" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:727.01px;top:210.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>2 </div><div id="a14735" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:226.28px;">Operating expenses </div><div id="a14739" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:432.25px;top:226.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,873 </div><div id="a14742" style="position:absolute;font-family:&apos;Frutiger 47 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:426.97px;top:241.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1,726) </div><div id="a14766" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:472.09px;top:241.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1,861) </div><div id="a14769" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:534.17px;top:241.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>33 </div><div id="a14773" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:582.81px;top:241.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>(7) </div><div id="a14778" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:660.13px;top:241.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>(4,741) </div><div id="a14781" style="position:absolute;font-family:&apos;Frutiger 47 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:578.01px;top:285.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>(54) </div><div id="a14823" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:623.49px;top:285.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>204 </div><div id="a14827" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:672.45px;top:285.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>741 </div><div id="a14830" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:717.41px;top:285.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>237 </div><div id="a14833" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:301.64px;">of which: litigation settlement </div><div id="a14845" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:722.21px;top:301.64px;"><div 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style="display:inline-block;width:2.4px">&#160;</div>(54) </div><div id="a14865" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:623.49px;top:317.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>204 </div><div id="a14869" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:672.45px;top:317.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>741 </div><div id="a14872" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:717.41px;top:317.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>175 </div><div id="a14875" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:333px;">Credit loss expense / (release) </div><div id="a14878" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:444.25px;top:333px;"><div style="display:inline-block;width:2.4px">&#160;</div>15 </div><div id="a14881" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:489.21px;top:333px;"><div style="display:inline-block;width:2.4px">&#160;</div>59 </div><div id="a14884" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:538.97px;top:333px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a14891" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:672.45px;top:333px;"><div style="display:inline-block;width:2.4px">&#160;</div>193 </div><div id="a14894" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:727.01px;top:333px;"><div style="display:inline-block;width:2.4px">&#160;</div>2 </div><div id="a14897" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:348.68px;">Operating expenses as reported </div><div id="a14900" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:432.25px;top:348.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,873 </div><div id="a14903" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:477.21px;top:348.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,152 </div><div id="a14906" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:534.17px;top:348.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>21 </div><div id="a14910" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:578.01px;top:348.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(13) </div><div id="a14915" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.25px;top:348.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,290 </div><div id="a14918" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:717.41px;top:348.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>104 </div><div id="a14921" style="position:absolute;font-family:&apos;Frutiger 47 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style="display:inline-block;width:2.4px">&#160;</div>3,518 </div><div id="a14965" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:717.41px;top:380.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>104 </div><div id="a14968" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:396.4px;">of which: expenses for litigation, regulatory and similar matters </div><div id="a14971" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:438.97px;top:396.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(33) </div><div id="a14974" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:488.89px;top:396.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2) </div><div id="a14977" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:529.05px;top:396.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(11) </div><div id="a14984" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:672.45px;top:396.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>637 </div><div id="a14987" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:717.09px;top:396.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(12) </div><div id="a14990" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:411.92px;">Operating profit / (loss) before tax as reported </div><div id="a14994" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:426.97px;top:411.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1,726) </div><div id="a14997" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:472.09px;top:411.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1,861) 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:670.05px;top:486.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>72.0 </div><div id="a15116" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.01px;top:486.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>13.0 </div><div id="a15119" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:502.64px;">Leverage ratio denominator (USD bn) </div><div id="a15122" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:432.25px;top:502.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>137.1 </div><div id="a15125" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:477.21px;top:502.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>156.4 </div><div id="a15128" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:531.77px;top:502.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>6.3 </div><div id="a15132" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:578.01px;top:502.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>(12) </div><div id="a15137" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:665.25px;top:502.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>137.1 </div><div id="a15140" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:719.81px;top:502.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>6.3 </div><div id="a15143" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:518.21px;">1 Information has been revised. 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style="display:inline-block;width:3.84px">&#160;</div></div><div id="a15157" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:59.36px;top:568.37px;">Composition of Non-core and Legacy</div><div id="a15160" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:7.36px;font-weight:bold;left:267.59px;top:569.34px;">1</div><div id="a15171" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:59.36px;top:587.12px;">USD bn </div><div id="a15174" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:459.61px;top:587.12px;">RWA </div><div id="a15177" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:555.45px;top:587.12px;">Total assets </div><div id="a15180" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:677.57px;top:587.12px;">LRD </div><div id="a15184" style="position:absolute;font-family:&apos;Frutiger 47 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:663.01px;top:661.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>24.8 </div><div id="a15262" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.01px;top:661.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>29.8 </div><div id="a15265" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:677.87px;">Loans </div><div id="a15268" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:446.97px;top:677.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>11.2 </div><div id="a15271" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:498.97px;top:677.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>14.5 </div><div id="a15275" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:554.97px;top:677.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>13.0 </div><div id="a15278" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:607.01px;top:677.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>14.0 </div><div id="a15282" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:663.01px;top:677.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>14.8 </div><div id="a15285" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.01px;top:677.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>17.2 </div><div id="a15288" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:693.87px;">Securitized products </div><div id="a15291" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:446.97px;top:693.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>13.5 </div><div id="a15294" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:498.97px;top:693.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>14.3 </div><div id="a15298" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:554.97px;top:693.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>26.2 </div><div id="a15301" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:607.01px;top:693.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>28.2 </div><div id="a15305" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:663.01px;top:693.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>27.6 </div><div id="a15308" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.01px;top:693.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>29.2 </div><div id="a15311" style="position:absolute;font-family:&apos;Frutiger 47 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:719.81px;top:709.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>3.9 </div><div id="a15334" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:725.87px;">High-quality liquid assets </div><div id="a15342" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:554.97px;top:725.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>50.5 </div><div id="a15345" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:607.01px;top:725.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>55.3 </div><div id="a15349" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:663.01px;top:725.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>50.5 </div><div id="a15352" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.01px;top:725.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>53.2 </div><div id="a15355" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:741.87px;">Operational risk </div><div id="a15358" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:446.97px;top:741.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>30.0 </div><div id="a15361" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:498.97px;top:741.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>30.0 </div><div id="a15370" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:757.87px;">Other </div><div id="a15373" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:451.77px;top:757.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>2.0 </div><div id="a15376" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:503.77px;top:757.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>3.3 </div><div id="a15380" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:559.77px;top:757.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>2.3 </div><div id="a15383" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:611.81px;top:757.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>3.2 </div><div id="a15387" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:667.81px;top:757.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>1.1 </div><div id="a15390" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:719.81px;top:757.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>5.2 </div><div id="a15393" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:773.87px;">Total </div><div id="a15396" style="position:absolute;font-family:&apos;Frutiger 47 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<div id="a15480" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a15482" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a15484" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">UBS business divisions and Group Items | Non-core<div style="display:inline-block;width:1.13px">&#160;</div>and Legacy<div style="display:inline-block;width:216.52px">&#160;</div>30 </div><div id="a15491" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;color:#E60000;left:56.8px;top:46.37px;">Operating expenses </div><div id="a15493" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:63.81px;">Operating expenses<div style="display:inline-block;width:5.37px">&#160;</div>were USD 1,873m,<div style="display:inline-block;width:5.6px">&#160;</div>compared with<div style="display:inline-block;width:5.66px">&#160;</div>USD 21m, mainly<div style="display:inline-block;width:5.46px">&#160;</div>driven by<div style="display:inline-block;width:5.56px">&#160;</div>the acquisition<div style="display:inline-block;width:5.64px">&#160;</div>of the<div style="display:inline-block;width:5.45px">&#160;</div>Credit </div><div id="a15503" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:81.09px;">Suisse Group, and included integration-related expenses of USD 749m. 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:462px;">Credit loss expense / (release) </div><div id="a15658" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:443.93px;top:462px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2) </div><div id="a15661" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:494.01px;top:462px;"><div style="display:inline-block;width:2.4px">&#160;</div>6 </div><div id="a15664" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:538.97px;top:462px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a15671" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:682.05px;top:462px;"><div style="display:inline-block;width:2.4px">&#160;</div>6 </div><div id="a15674" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:727.01px;top:462px;"><div style="display:inline-block;width:2.4px">&#160;</div>1 </div><div id="a15677" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:477.68px;">Operating expenses </div><div id="a15680" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:444.25px;top:477.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>17 </div><div id="a15683" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:494.01px;top:477.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>7 </div><div id="a15686" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:529.05px;top:477.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(15) </div><div id="a15690" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:578.33px;top:477.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>125 </div><div id="a15695" style="position:absolute;font-family:&apos;Frutiger 47 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id="a15714" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:578.01px;top:493.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>(45) </div><div id="a15719" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:660.13px;top:493.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1,279) </div><div id="a15722" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:712.29px;top:493.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>(611) </div><div id="a15736" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;color:#9A3D37;left:59.36px;top:520.72px;">Underlying results </div><div id="a15748" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:536.4px;">Total revenues as reported </div><div id="a15751" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:434.17px;top:536.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(126) </div><div id="a15754" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:479.29px;top:536.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(242) </div><div id="a15757" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:534.17px;top:536.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>67 </div><div id="a15761" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:578.01px;top:536.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(48) </div><div id="a15766" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:667.33px;top:536.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(833) </div><div id="a15769" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:712.29px;top:536.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(622) </div><div id="a15772" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:552.4px;">of which: accretion of PPA adjustments on financial instruments </div><div id="a15776" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:438.97px;top:552.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(32) </div><div id="a15779" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:484.09px;top:552.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(57) </div><div id="a15787" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:672.13px;top:552.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(35) </div><div id="a15791" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:568.4px;">of which: gain from sales of real estate </div><div id="a15796" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:534.17px;top:568.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>68 </div><div id="a15804" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:722.21px;top:568.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>68 </div><div id="a15807" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:583.92px;">Total revenues (underlying)</div><div id="a15808" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:157.95px;top:584.88px;">2</div><div id="a15811" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:438.97px;top:583.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(94) </div><div id="a15814" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:479.29px;top:583.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(186) </div><div id="a15817" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:533.85px;top:583.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1) </div><div id="a15821" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:578.01px;top:583.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(49) </div><div id="a15826" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:667.33px;top:583.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(798) </div><div id="a15829" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:712.29px;top:583.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(690) </div><div id="a15832" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:599.6px;">Credit loss expense / (release) </div><div id="a15836" style="position:absolute;font-family:&apos;Frutiger 47 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:444.25px;top:615.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>17 </div><div id="a15861" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:494.01px;top:615.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>7 </div><div id="a15864" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:529.05px;top:615.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>(15) </div><div id="a15868" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:578.33px;top:615.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>124 </div><div id="a15873" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:672.45px;top:615.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>440 </div><div id="a15876" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:717.09px;top:615.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>(12) </div><div id="a15879" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:631.31px;">of which: integration-related expenses</div><div id="a15882" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;font-style:italic;left:207.71px;top:632.27px;">2</div><div id="a15885" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:444.25px;top:631.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>93 </div><div id="a15888" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:488.89px;top:631.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2) </div><div id="a15896" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:672.45px;top:631.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>438 </div><div 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:667.33px;top:662.99px;"><div style="display:inline-block;width:2.4px">&#160;</div>(200) </div><div id="a15945" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:717.09px;top:662.99px;"><div style="display:inline-block;width:2.4px">&#160;</div>(12) </div><div id="a15948" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:678.99px;">of which: expenses for litigation, regulatory and similar matters </div><div id="a15951" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:438.97px;top:678.99px;"><div style="display:inline-block;width:2.4px">&#160;</div>(28) </div><div id="a15954" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:494.01px;top:678.99px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a15957" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:538.97px;top:678.99px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a15964" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:672.13px;top:678.99px;"><div style="display:inline-block;width:2.4px">&#160;</div>(27) </div><div id="a15967" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:727.01px;top:678.99px;"><div style="display:inline-block;width:2.4px">&#160;</div>6 </div><div id="a15970" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:694.67px;">Operating profit / (loss) before tax as reported </div><div id="a15973" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:434.17px;top:694.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>(140) </div><div id="a15976" style="position:absolute;font-family:&apos;Frutiger 47 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style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:807.9px;">Suisse Group. 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<div id="Page34" style="background-color:RGB(255, 255, 255);position:relative;margin-left:auto;margin-right:auto;overflow:hidden;border-style:solid;border-width:thin;border-color:RGB(198, 198, 198);page-break-after:always;width:794px;height:1123px;">
<div style="position:absolute; width:684.3px; height:1px; left:54.5px; top:1078.1px; background-color:#000000; ">&#160;</div>
<div id="a16139" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a16141" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a16143" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Risk, capital, liquidity and funding, and balance<div style="display:inline-block;width:1.21px">&#160;</div>sheet<div style="display:inline-block;width:255.86px">&#160;</div>31 </div><div id="a16147" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:48px;left:56.8px;top:42.19px;">Risk, capital, liquidity and </div><div id="a16148" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:48px;left:56.8px;top:92.93px;">funding, and balance sheet </div><div id="a16151" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:16px;left:56.8px;top:176.49px;">Management report </div><div id="a16157" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:21.28px;left:56.8px;top:298.56px;">Table of contents </div><div id="a16159" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:72px;top:352.04px;">32 </div><div id="a16161" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;color:#E60000;left:94.59px;top:349.93px;"><a href="#a16263" style="color:#E60000;text-decoration:none;">Risk management and control</a></div><div id="a16163" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:72px;top:369.2px;">32 </div><div id="a16165" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:94.59px;top:367.37px;"><a href="#a16275" style="color:#000000;text-decoration:none;">Credit risk</a></div><div id="a16167" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:72px;top:386.16px;">34 </div><div id="a16169" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:94.59px;top:384.33px;"><a href="#a17385" style="color:#000000;text-decoration:none;">Market risk</a></div><div id="a16171" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:72px;top:403.12px;">35 </div><div id="a16173" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:94.59px;top:401.29px;"><a href="#a18853" style="color:#000000;text-decoration:none;">Country risk</a></div><div id="a16175" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:72px;top:420.24px;">36 </div><div id="a16177" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:94.59px;top:418.41px;"><a href="#a18974" style="color:#000000;text-decoration:none;">Non-financial risk</a></div><div id="a16183" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:72px;top:454.32px;">38 </div><div id="a16185" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;color:#E60000;left:94.59px;top:452.21px;"><a href="#a19186" style="color:#E60000;text-decoration:none;">Capital management</a></div><div id="a16187" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:72px;top:471.6px;">40 </div><div id="a16189" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:94.59px;top:469.77px;"><a href="#a20079" style="color:#000000;text-decoration:none;">Total<div style="display:inline-block;width:4.79px">&#160;</div>loss-absorbing capacity</a></div><div id="a16193" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:72px;top:488.56px;">43 </div><div id="a16195" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:94.59px;top:486.73px;"><a 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style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:94.59px;top:555.05px;"><a href="#a23162" style="color:#000000;text-decoration:none;">Strategy, objectives and governance</a></div><div id="a16213" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:72px;top:573.84px;">46 </div><div id="a16215" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:94.59px;top:572.01px;"><a href="#a23175" style="color:#000000;text-decoration:none;">Liquidity coverage ratio</a></div><div id="a16217" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:72px;top:590.8px;">47 </div><div id="a16219" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:94.59px;top:588.97px;"><a href="#a23307" style="color:#000000;text-decoration:none;">Net stable funding ratio</a></div><div id="a16223" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:72px;top:625.07px;">47 </div><div id="a16225" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;color:#E60000;left:94.59px;top:622.95px;"><a href="#a23414" style="color:#E60000;text-decoration:none;">Balance sheet and off-balance sheet</a></div><div id="a16229" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:72px;top:642.19px;">47 </div><div id="a16231" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:94.59px;top:640.36px;"><a href="#a23460" style="color:#000000;text-decoration:none;">Balance sheet assets</a></div><div id="a16233" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:72px;top:659.15px;">48 </div><div id="a16235" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:94.59px;top:657.32px;"><a href="#a23774" style="color:#000000;text-decoration:none;">Balance sheet liabilities </a></div><div id="a16237" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:72px;top:676.27px;">48 </div><div id="a16239" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:94.59px;top:674.44px;"><a href="#a24186" style="color:#000000;text-decoration:none;">Equity </a></div><div id="a16241" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:72px;top:693.23px;">49 </div><div id="a16243" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:94.59px;top:691.4px;"><a href="#a24292" style="color:#000000;text-decoration:none;">Off-balance sheet </a></div><div id="a16249" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:72px;top:727.47px;">49 </div><div id="a16251" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;color:#E60000;left:94.59px;top:725.19px;"><a href="#a24419" style="color:#E60000;text-decoration:none;">Share information and earnings per share</a></div></div>
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<div id="Page35" style="background-color:RGB(255, 255, 255);position:relative;margin-left:auto;margin-right:auto;overflow:hidden;border-style:solid;border-width:thin;border-color:RGB(198, 198, 198);page-break-after:always;width:794px;height:1123px;">
<div style="position:absolute; width:684.3px; height:1px; left:54.5px; top:1078.1px; background-color:#000000; ">&#160;</div>
<div id="a16253" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a16255" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a16257" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Risk, capital, liquidity and funding, and balance<div style="display:inline-block;width:1.21px">&#160;</div>sheet | Risk management and control<div style="display:inline-block;width:119.37px">&#160;</div>32 </div><div id="a16263" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:29.28px;left:56.8px;top:44.2px;">Risk management and control </div><div id="a16265" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:107.84px;">This<div style="display:inline-block;width:6.12px">&#160;</div>section<div style="display:inline-block;width:5.75px">&#160;</div>provides<div style="display:inline-block;width:5.86px">&#160;</div>information<div style="display:inline-block;width:5.59px">&#160;</div>about<div style="display:inline-block;width:5.9px">&#160;</div>key<div style="display:inline-block;width:6.07px">&#160;</div>developments<div style="display:inline-block;width:5.56px">&#160;</div>during<div style="display:inline-block;width:5.98px">&#160;</div>the<div style="display:inline-block;width:5.88px">&#160;</div>reporting<div style="display:inline-block;width:5.66px">&#160;</div>period<div style="display:inline-block;width:5.97px">&#160;</div>and<div style="display:inline-block;width:5.94px">&#160;</div>should<div style="display:inline-block;width:5.83px">&#160;</div>be<div style="display:inline-block;width:5.93px">&#160;</div>read<div style="display:inline-block;width:5.98px">&#160;</div>in </div><div id="a16266" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:125.12px;">conjunction<div style="display:inline-block;width:6.69px">&#160;</div>with<div style="display:inline-block;width:6.68px">&#160;</div>the<div style="display:inline-block;width:6.84px">&#160;</div>&#8220;Risk<div style="display:inline-block;width:6.61px">&#160;</div>management<div style="display:inline-block;width:6.6px">&#160;</div>and<div style="display:inline-block;width:6.74px">&#160;</div>control&#8221;<div style="display:inline-block;width:6.82px">&#160;</div>section<div style="display:inline-block;width:6.71px">&#160;</div>of<div style="display:inline-block;width:6.93px">&#160;</div>the<div style="display:inline-block;width:6.68px">&#160;</div>Annual<div style="display:inline-block;width:6.71px">&#160;</div>Report<div style="display:inline-block;width:6.81px">&#160;</div>2022<div style="display:inline-block;width:6.8px">&#160;</div>and<div style="display:inline-block;width:6.9px">&#160;</div>the<div style="display:inline-block;width:6.84px">&#160;</div>&#8220;Recent </div><div id="a16273" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:142.4px;">developments&#8221; section of this report for<div style="display:inline-block;width:2.48px">&#160;</div>more information about the integration<div style="display:inline-block;width:2.56px">&#160;</div>of Credit Suisse. </div><div id="a16275" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;color:#E60000;left:56.8px;top:176.78px;">Credit risk<div style="display:inline-block;width:3.56px">&#160;</div></div><div id="a16277" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;color:#E60000;left:56.8px;top:203.2px;">Overall banking products exposure </div><div id="a16280" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:220.48px;">Overall banking<div style="display:inline-block;width:5.83px">&#160;</div>products exposure<div style="display:inline-block;width:6.21px">&#160;</div>increased by<div style="display:inline-block;width:5.94px">&#160;</div>USD 80bn to<div style="display:inline-block;width:5.71px">&#160;</div>USD 1,180bn as<div style="display:inline-block;width:5.59px">&#160;</div>of 31 December<div style="display:inline-block;width:5.87px">&#160;</div>2023, driven<div style="display:inline-block;width:5.85px">&#160;</div>by </div><div id="a16294" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:237.76px;">increased balances<div style="display:inline-block;width:1.82px">&#160;</div>at central<div style="display:inline-block;width:1.77px">&#160;</div>banks and,<div style="display:inline-block;width:1.84px">&#160;</div>to a<div style="display:inline-block;width:1.81px">&#160;</div>lesser extent,<div style="display:inline-block;width:1.94px">&#160;</div>by increased<div style="display:inline-block;width:1.94px">&#160;</div>loans and<div style="display:inline-block;width:1.76px">&#160;</div>advances to<div style="display:inline-block;width:1.61px">&#160;</div>customers in<div style="display:inline-block;width:1.71px">&#160;</div>Personal </div><div id="a16301" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:255.2px;">&amp; 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Credit hedges are<div style="display:inline-block;width:2.57px">&#160;</div>in place to help protect against fair value movements<div style="display:inline-block;width:2.18px">&#160;</div>in the portfolio. </div></div>
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<div id="a16423" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a16425" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a16427" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Risk, capital, liquidity and funding, and balance<div style="display:inline-block;width:1.21px">&#160;</div>sheet | Risk management and control<div style="display:inline-block;width:119.37px">&#160;</div>33 </div><div id="a16433" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:59.36px;top:45.9px;">Banking and traded products exposure in our business divisions and Group Items </div><div id="a16437" style="position:absolute;font-family:&apos;Frutiger 47 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CN&apos;;color:#9A3D37;left:373.51px;top:122.93px;"><div style="display:inline-block;width:2.4px">&#160;</div>409,735 </div><div id="a16490" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:428.57px;top:122.93px;"><div style="display:inline-block;width:2.4px">&#160;</div>482,123 </div><div id="a16493" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:493.05px;top:122.93px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,700 </div><div id="a16496" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:543.29px;top:122.93px;"><div style="display:inline-block;width:2.4px">&#160;</div>96,878 </div><div id="a16499" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:598.37px;top:122.93px;"><div style="display:inline-block;width:2.4px">&#160;</div>50,223 </div><div id="a16502" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:648.61px;top:122.93px;"><div style="display:inline-block;width:2.4px">&#160;</div>138,884 </div><div id="a16505" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:693.41px;top:122.93px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,179,543 </div><div id="a16508" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:135.72px;">of which: loans and advances to customers (on-balance sheet) </div><div id="a16513" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:373.51px;top:135.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>279,384 </div><div id="a16516" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:428.57px;top:135.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>337,218 </div><div id="a16519" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:505.05px;top:135.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>13 </div><div id="a16522" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:543.29px;top:135.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>16,993 </div><div id="a16525" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:603.17px;top:135.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>8,106 </div><div id="a16528" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:665.41px;top:135.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>155 </div><div id="a16531" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:700.61px;top:135.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>641,868 </div><div id="a16534" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:148.36px;">of which: guarantees and loan commitments (off-balance sheet) </div><div id="a16540" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:378.31px;top:148.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>21,344 </div><div id="a16543" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:433.37px;top:148.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>58,618 </div><div id="a16546" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:505.05px;top:148.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>59 </div><div id="a16549" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:543.29px;top:148.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>36,094 </div><div id="a16552" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:603.17px;top:148.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,149 </div><div id="a16555" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:653.41px;top:148.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>18,569 </div><div id="a16558" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:700.61px;top:148.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>137,833 </div><div id="a16561" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:161.32px;">Traded products</div><div id="a16562" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:118.27px;top:162.28px;">2,3,4</div><div id="a16572" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:174.12px;">Gross exposure </div><div id="a16575" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:378.31px;top:174.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>11,812 </div><div id="a16578" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:438.17px;top:174.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,748 </div><div id="a16581" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:509.85px;top:174.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a16584" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:587.93px;top:174.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>47,630 </div><div id="a16587" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:174.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>64,191 </div><div id="a16590" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:186.76px;">of which: over-the-counter derivatives </div><div id="a16597" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:383.11px;top:186.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>8,397 </div><div id="a16600" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:438.17px;top:186.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,116 </div><div id="a16603" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:509.85px;top:186.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a16606" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:587.93px;top:186.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>12,400 </div><div id="a16609" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:705.41px;top:186.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>24,913 </div><div id="a16612" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:199.4px;">of which: securities financing transactions </div><div id="a16615" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:390.31px;top:199.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>371 </div><div id="a16618" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:450.17px;top:199.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>19 </div><div id="a16621" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:509.85px;top:199.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a16624" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:587.93px;top:199.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>23,044 </div><div id="a16627" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:705.41px;top:199.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>23,434 </div><div id="a16630" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:212.2px;">of which: exchange-traded derivatives </div><div id="a16635" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:383.11px;top:212.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,045 </div><div id="a16638" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:445.37px;top:212.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>613 </div><div id="a16641" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:509.85px;top:212.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a16644" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:587.93px;top:212.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>12,186 </div><div id="a16647" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:705.41px;top:212.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>15,844 </div><div id="a16650" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:225.16px;">Other credit lines, gross</div><div id="a16651" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:145.47px;top:226.12px;">5</div><div id="a16654" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:378.31px;top:225.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>70,130 </div><div id="a16657" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:433.37px;top:225.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>88,279 </div><div id="a16660" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:509.85px;top:225.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a16663" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:548.09px;top:225.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,714 </div><div id="a16666" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:619.97px;top:225.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>5 </div><div id="a16669" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:665.41px;top:225.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>127 </div><div id="a16672" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:700.61px;top:225.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>163,256 </div><div id="a16684" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:249.8px;">Total credit-impaired exposure, gross </div><div id="a16690" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:383.11px;top:249.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,681 </div><div id="a16693" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:438.17px;top:249.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,045 </div><div id="a16696" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:509.85px;top:249.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a16699" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:555.29px;top:249.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>469 </div><div id="a16702" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:603.17px;top:249.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,169 </div><div id="a16705" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:675.01px;top:249.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>2 </div><div id="a16708" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:710.21px;top:249.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>6,367 </div><div id="a16711" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:262.6px;">of which: stage 3 </div><div id="a16714" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:383.11px;top:262.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,012 </div><div id="a16717" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:438.17px;top:262.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,640 </div><div id="a16720" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:509.85px;top:262.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a16723" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:555.29px;top:262.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>408 </div><div id="a16726" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:610.37px;top:262.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>290 </div><div id="a16729" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:675.01px;top:262.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>2 </div><div id="a16732" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:710.21px;top:262.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,352 </div><div id="a16735" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:275.24px;">of which: PCI </div><div id="a16738" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:390.31px;top:275.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>668 </div><div id="a16741" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:445.37px;top:275.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>405 </div><div id="a16744" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:509.85px;top:275.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a16747" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:560.09px;top:275.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>61 </div><div id="a16750" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:610.37px;top:275.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>879 </div><div id="a16753" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:675.01px;top:275.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a16756" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:710.21px;top:275.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,014 </div><div id="a16759" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:287.88px;">Total allowances and provisions for expected credit losses </div><div id="a16762" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:390.31px;top:287.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>390 </div><div id="a16765" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:438.17px;top:287.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,234 </div><div id="a16768" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:509.85px;top:287.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>1 </div><div id="a16771" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:555.29px;top:287.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>358 </div><div id="a16774" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:610.37px;top:287.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>271 </div><div id="a16777" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:675.01px;top:287.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>8 </div><div id="a16780" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:710.21px;top:287.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,260 </div><div id="a16783" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:300.68px;">of which: stage 1 </div><div id="a16786" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:390.31px;top:300.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>166 </div><div id="a16789" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:445.37px;top:300.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>372 </div><div id="a16792" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:509.85px;top:300.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>1 </div><div id="a16795" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:555.29px;top:300.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>133 </div><div id="a16798" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:615.17px;top:300.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>20 </div><div id="a16801" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:675.01px;top:300.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>7 </div><div id="a16804" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:717.41px;top:300.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>700 </div><div id="a16807" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:313.32px;">of which: stage 2 </div><div id="a16810" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:395.11px;top:313.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>66 </div><div id="a16813" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:445.37px;top:313.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>255 </div><div id="a16816" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:509.85px;top:313.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a16819" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:560.09px;top:313.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>78 </div><div id="a16822" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:615.17px;top:313.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>16 </div><div id="a16825" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:675.01px;top:313.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a16828" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:717.41px;top:313.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>416 </div><div id="a16831" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:325.96px;">of which: stage 3 </div><div id="a16834" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:395.11px;top:325.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>98 </div><div id="a16837" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:445.37px;top:325.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>590 </div><div id="a16840" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:509.85px;top:325.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a16843" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:555.29px;top:325.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>146 </div><div id="a16846" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:610.37px;top:325.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>158 </div><div id="a16849" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:675.01px;top:325.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a16852" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:717.41px;top:325.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>992 </div><div id="a16855" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:338.76px;">of which: PCI </div><div id="a16858" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:395.11px;top:338.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>59 </div><div id="a16861" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:450.17px;top:338.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>16 </div><div id="a16864" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:509.85px;top:338.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a16867" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:564.89px;top:338.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>1 </div><div id="a16870" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:615.17px;top:338.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>77 </div><div id="a16873" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:675.01px;top:338.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a16876" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:717.41px;top:338.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>153 </div><div id="a16890" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:530.01px;top:357.96px;">30.9.23</div><div id="a16891" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:558.81px;top:358.92px;">6</div><div id="a16893" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:59.36px;top:394.48px;">USD m </div><div id="a16896" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:383.27px;top:371.12px;">Global </div><div id="a16897" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:381.03px;top:382.8px;">Wealth </div><div id="a16898" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:358.79px;top:394.48px;">Management </div><div id="a16900" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:423.11px;top:371.12px;">Personal &amp; </div><div id="a16902" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:425.85px;top:382.8px;">Corporate </div><div id="a16904" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:432.57px;top:394.48px;">Banking </div><div id="a16906" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:497.21px;top:382.8px;">Asset<div style="display:inline-block;width:2.28px">&#160;</div></div><div id="a16908" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:468.73px;top:394.48px;">Management </div><div id="a16910" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:532.09px;top:382.8px;">Investment<div style="display:inline-block;width:2.09px">&#160;</div></div><div id="a16912" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:553.69px;top:394.48px;">Bank </div><div id="a16914" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:593.37px;top:382.8px;">Non-core<div style="display:inline-block;width:2.24px">&#160;</div></div><div id="a16918" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:586.33px;top:394.48px;">and Legacy </div><div id="a16920" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:659.65px;top:382.8px;">Group </div><div id="a16922" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:662.53px;top:394.48px;">Items </div><div id="a16924" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:716.13px;top:394.48px;">Total </div><div id="a16926" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:406.8px;">Banking products</div><div id="a16927" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:122.91px;top:407.76px;">1</div><div id="a16937" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:419.44px;">Gross exposure</div><div id="a16938" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:114.91px;top:420.4px;">7</div><div id="a16941" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:373.51px;top:419.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>401,291 </div><div id="a16944" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:428.57px;top:419.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>451,608 </div><div id="a16947" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:493.05px;top:419.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,927 </div><div id="a16950" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:543.29px;top:419.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>97,031 </div><div id="a16953" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:598.37px;top:419.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>53,811 </div><div id="a16956" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:653.41px;top:419.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>93,444 </div><div id="a16959" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:693.41px;top:419.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,099,112 </div><div id="a16962" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:432.24px;">of which: loans and advances to customers (on-balance sheet) </div><div id="a16968" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:373.51px;top:432.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>277,710 </div><div id="a16971" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:428.57px;top:432.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>314,973 </div><div id="a16974" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:504.73px;top:432.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1) </div><div id="a16977" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:543.29px;top:432.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>16,244 </div><div id="a16980" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:603.17px;top:432.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>9,531 </div><div id="a16983" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:665.41px;top:432.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>676 </div><div id="a16986" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:700.61px;top:432.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>619,133 </div><div id="a16989" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:444.88px;">of which: guarantees and loan commitments (off-balance sheet) </div><div id="a16994" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:378.31px;top:444.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>20,382 </div><div id="a16997" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:433.37px;top:444.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>56,321 </div><div id="a17000" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:505.05px;top:444.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>57 </div><div id="a17003" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:543.29px;top:444.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>37,914 </div><div id="a17006" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:603.17px;top:444.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,801 </div><div id="a17009" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:653.41px;top:444.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>11,792 </div><div id="a17012" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:700.61px;top:444.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>132,266 </div><div id="a17015" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:457.84px;">Traded products</div><div id="a17016" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:118.27px;top:458.8px;">2,3,4</div><div id="a17026" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:470.64px;">Gross exposure </div><div id="a17030" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:378.31px;top:470.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>13,364 </div><div id="a17033" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:438.17px;top:470.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,749 </div><div id="a17036" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:509.85px;top:470.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17039" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:587.93px;top:470.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>52,529 </div><div id="a17042" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:470.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>71,642 </div><div id="a17045" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:483.28px;">of which: over-the-counter derivatives </div><div id="a17052" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:383.11px;top:483.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>9,653 </div><div id="a17055" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:438.17px;top:483.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,185 </div><div id="a17058" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:509.85px;top:483.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17061" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:587.93px;top:483.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>15,631 </div><div id="a17064" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:705.41px;top:483.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>30,469 </div><div id="a17067" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:495.92px;">of which: securities financing transactions </div><div id="a17070" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:390.31px;top:495.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>370 </div><div id="a17073" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:450.17px;top:495.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>17 </div><div id="a17076" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:509.85px;top:495.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17079" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:587.93px;top:495.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>24,469 </div><div id="a17082" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:705.41px;top:495.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>24,856 </div><div id="a17085" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:508.72px;">of which: exchange-traded derivatives </div><div id="a17090" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:383.11px;top:508.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,341 </div><div id="a17093" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:445.37px;top:508.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>549 </div><div id="a17096" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:509.85px;top:508.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17099" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:587.93px;top:508.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>12,429 </div><div id="a17102" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:705.41px;top:508.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>16,319 </div><div id="a17105" 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:610.37px;top:584.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>154 </div><div id="a17231" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:670.21px;top:584.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>18 </div><div id="a17234" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:584.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,977 </div><div id="a17237" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:597.2px;">of which: stage 1 </div><div id="a17240" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:390.31px;top:597.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>167 </div><div id="a17243" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:445.37px;top:597.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>362 </div><div id="a17246" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:509.85px;top:597.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>1 </div><div id="a17249" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:555.29px;top:597.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>151 </div><div id="a17252" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:615.17px;top:597.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>37 </div><div id="a17255" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:670.21px;top:597.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>15 </div><div id="a17258" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:717.41px;top:597.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>733 </div><div id="a17261" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:609.84px;">of which: stage 2 </div><div id="a17264" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:395.11px;top:609.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>97 </div><div id="a17267" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:445.37px;top:609.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>241 </div><div id="a17270" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:509.85px;top:609.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17273" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:560.09px;top:609.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>73 </div><div id="a17276" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:619.97px;top:609.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>6 </div><div id="a17279" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:675.01px;top:609.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17282" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:717.41px;top:609.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>418 </div><div id="a17285" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:622.51px;">of which: stage 3 </div><div id="a17288" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:390.31px;top:622.51px;"><div style="display:inline-block;width:2.4px">&#160;</div>101 </div><div id="a17291" style="position:absolute;font-family:&apos;Frutiger 47 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style="display:inline-block;width:2.4px">&#160;</div>5 </div><div id="a17324" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:615.17px;top:635.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>40 </div><div id="a17327" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:675.01px;top:635.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>3 </div><div id="a17330" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:717.41px;top:635.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>103 </div><div id="a17333" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:649.11px;">1 IFRS 9<div style="display:inline-block;width:3.56px">&#160;</div>gross exposure for<div style="display:inline-block;width:3.5px">&#160;</div>banking products includes the<div 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USD </div><div id="a17352" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:689.75px;">1bn and, if applied, would<div style="display:inline-block;width:0.52px">&#160;</div>lead to a reduction in<div style="display:inline-block;width:0.49px">&#160;</div>our reported traded products exposure.<div style="display:inline-block;width:6.08px">&#160;</div>5 Unconditionally revocable committed credit<div style="display:inline-block;width:0.68px">&#160;</div>lines.<div style="display:inline-block;width:7.36px">&#160;</div>6 Comparative-period information has been<div style="display:inline-block;width:0.63px">&#160;</div>revised. Refer to &#8220;Accounting </div><div id="a17356" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:699.83px;">for the acquisition of the<div style="display:inline-block;width:3.68px">&#160;</div>Credit Suisse Group&#8221; in the<div style="display:inline-block;width:3.85px">&#160;</div>&#8220;Consolidated financial information&#8221; section<div style="display:inline-block;width:3.52px">&#160;</div>of this report for<div style="display:inline-block;width:3.51px">&#160;</div>more information.<div style="display:inline-block;width:9.99px">&#160;</div>7 The segment<div style="display:inline-block;width:3.54px">&#160;</div>allocation of the gross banking<div style="display:inline-block;width:3.68px">&#160;</div>products exposure has been </div><div id="a17359" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:709.91px;">revised to reflect an allocation<div style="display:inline-block;width:0.47px">&#160;</div>of high-quality liquid assets<div style="display:inline-block;width:0.67px">&#160;</div>from Group Items to the<div style="display:inline-block;width:0.46px">&#160;</div>business divisions for the Credit<div style="display:inline-block;width:0.45px">&#160;</div>Suisse sub-group, with no impact on<div style="display:inline-block;width:0.55px">&#160;</div>total gross exposure for<div style="display:inline-block;width:0.62px">&#160;</div>the UBS Group. 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47 CN&apos;;left:59.36px;top:476.08px;">Diversification effect</div><div id="a17705" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:133.15px;top:477.04px;">2,3</div><div id="a17708" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:262.63px;top:476.08px;"><div style="display:inline-block;width:2.4px">&#160;</div></div><div id="a17710" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:317.67px;top:476.08px;"><div style="display:inline-block;width:2.4px">&#160;</div></div><div id="a17712" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:363.91px;top:476.08px;"><div style="display:inline-block;width:2.4px">&#160;</div>(7) </div><div id="a17715" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:419.91px;top:476.08px;"><div style="display:inline-block;width:2.4px">&#160;</div>(6) </div><div id="a17718" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:475.93px;top:476.08px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1) </div><div id="a17721" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:535.93px;top:476.08px;"><div style="display:inline-block;width:2.4px">&#160;</div>(6) </div><div id="a17724" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:595.93px;top:476.08px;"><div style="display:inline-block;width:2.44px">&#160;</div>(4) </div><div id="a17727" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:655.97px;top:476.08px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1) </div><div id="a17730" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:727.01px;top:476.08px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17733" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:489.68px;">Total as of 31.12.23 </div><div id="a17736" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:252.99px;top:489.68px;"><div style="display:inline-block;width:2.44px">&#160;</div>11 </div><div id="a17739" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:308.07px;top:489.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>24 </div><div id="a17742" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:364.23px;top:489.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>19 </div><div id="a17745" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:420.23px;top:489.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>16 </div><div id="a17748" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:481.05px;top:489.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>9 </div><div id="a17751" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:536.25px;top:489.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>16 </div><div id="a17754" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:601.09px;top:489.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>7 </div><div id="a17757" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:661.09px;top:489.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>2 </div><div id="a17760" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:727.01px;top:489.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>3 </div><div id="a17763" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:504.08px;">Total as of 30.9.23 </div><div id="a17766" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:252.99px;top:504.08px;"><div style="display:inline-block;width:2.44px">&#160;</div>10 </div><div id="a17769" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:308.07px;top:504.08px;"><div style="display:inline-block;width:2.4px">&#160;</div>25 </div><div id="a17772" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:364.23px;top:504.08px;"><div style="display:inline-block;width:2.4px">&#160;</div>15 </div><div id="a17775" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:420.23px;top:504.08px;"><div style="display:inline-block;width:2.4px">&#160;</div>17 </div><div id="a17778" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:476.25px;top:504.08px;"><div style="display:inline-block;width:2.4px">&#160;</div>12 </div><div id="a17781" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:536.25px;top:504.08px;"><div style="display:inline-block;width:2.4px">&#160;</div>11 </div><div id="a17784" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:601.09px;top:504.08px;"><div style="display:inline-block;width:2.4px">&#160;</div>7 </div><div id="a17787" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:661.09px;top:504.08px;"><div style="display:inline-block;width:2.4px">&#160;</div>2 </div><div id="a17790" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:727.01px;top:504.08px;"><div style="display:inline-block;width:2.4px">&#160;</div>3 </div><div id="a17804" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:59.36px;top:530.13px;">Management value-at-risk (1-day, 98% confidence, 2 years of historical data) of the Credit Suisse components of our </div><div id="a17812" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:59.36px;top:544.05px;">business divisions and Group Items by general market risk type</div><div id="a17813" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:7.36px;font-weight:bold;left:416.23px;top:545.02px;">1</div><div id="a17821" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:549.05px;top:559.12px;">Average by risk type </div><div id="a17823" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:59.36px;top:586.48px;">USD m </div><div id="a17826" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:248.51px;top:586.48px;">Min. </div><div id="a17828" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:301.99px;top:586.48px;">Max. </div><div id="a17830" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:337.35px;top:586.48px;">Period end </div><div id="a17832" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:402.31px;top:586.48px;">Average </div><div id="a17834" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:466.01px;top:586.48px;">Equity </div><div id="a17836" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:521.05px;top:574.8px;">Interest </div><div id="a17838" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:530.49px;top:586.48px;">rates </div><div id="a17840" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:586.33px;top:574.8px;">Credit </div><div id="a17842" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:580.41px;top:586.48px;">spreads </div><div id="a17844" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:641.25px;top:574.8px;">Foreign </div><div id="a17846" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:633.89px;top:586.48px;">exchange </div><div id="a17848" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:686.53px;top:586.48px;">Commodities </div><div id="a17850" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:599.44px;">Global Wealth Management </div><div id="a17853" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:257.83px;top:599.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>2 </div><div id="a17856" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:312.87px;top:599.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>7 </div><div id="a17859" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:369.03px;top:599.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>2 </div><div id="a17862" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:425.03px;top:599.44px;"><div style="display:inline-block;width:2.43px">&#160;</div>4 </div><div id="a17865" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:481.05px;top:599.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>1 </div><div id="a17868" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:541.05px;top:599.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17871" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:601.09px;top:599.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>3 </div><div id="a17874" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:661.09px;top:599.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17877" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:727.01px;top:599.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17880" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:613.55px;">Personal &amp; Corporate Banking </div><div id="a17883" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:257.83px;top:613.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17886" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:312.87px;top:613.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17889" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:369.03px;top:613.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17892" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:425.03px;top:613.55px;"><div style="display:inline-block;width:2.43px">&#160;</div>0 </div><div id="a17895" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:481.05px;top:613.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17898" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:541.05px;top:613.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17901" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:601.09px;top:613.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17904" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:661.09px;top:613.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17907" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:727.01px;top:613.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17910" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:627.47px;">Asset Management </div><div id="a17913" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:257.83px;top:627.47px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17916" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:312.87px;top:627.47px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17919" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:369.03px;top:627.47px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17922" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:425.03px;top:627.47px;"><div style="display:inline-block;width:2.43px">&#160;</div>0 </div><div id="a17925" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:481.05px;top:627.47px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17928" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:541.05px;top:627.47px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17931" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:601.09px;top:627.47px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17934" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:661.09px;top:627.47px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17937" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:727.01px;top:627.47px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17940" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:641.55px;">Non-core and Legacy</div><div id="a17943" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:136.19px;top:642.51px;">4</div><div id="a17946" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:252.99px;top:641.55px;"><div style="display:inline-block;width:2.44px">&#160;</div>18 </div><div id="a17949" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:308.07px;top:641.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>22 </div><div id="a17952" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:364.23px;top:641.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>19 </div><div id="a17955" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:420.23px;top:641.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>21 </div><div id="a17958" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:476.25px;top:641.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>11 </div><div id="a17961" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:541.05px;top:641.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>8 </div><div id="a17964" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:596.25px;top:641.55px;"><div style="display:inline-block;width:2.44px">&#160;</div>16 </div><div id="a17967" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:661.09px;top:641.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>1 </div><div id="a17970" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:727.01px;top:641.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>1 </div><div id="a17973" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:655.47px;">Group Items </div><div id="a17976" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:257.83px;top:655.47px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17979" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:312.87px;top:655.47px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17982" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:369.03px;top:655.47px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17985" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:425.03px;top:655.47px;"><div style="display:inline-block;width:2.43px">&#160;</div>0 </div><div id="a17988" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:481.05px;top:655.47px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17991" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:541.05px;top:655.47px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17994" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:601.09px;top:655.47px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a17997" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:661.09px;top:655.47px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a18000" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:727.01px;top:655.47px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a18003" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:669.55px;">Diversification effect</div><div id="a18004" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:133.15px;top:670.51px;">2,3</div><div id="a18009" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:363.91px;top:669.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1) </div><div id="a18012" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:419.91px;top:669.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2) </div><div id="a18015" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:481.05px;top:669.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a18018" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:541.05px;top:669.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>4 </div><div id="a18021" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:595.93px;top:669.55px;"><div style="display:inline-block;width:2.44px">&#160;</div>(3) </div><div id="a18024" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:661.09px;top:669.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a18027" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:727.01px;top:669.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a18030" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:683.15px;">Total as of 31.12.23 </div><div id="a18033" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:252.99px;top:683.15px;"><div style="display:inline-block;width:2.44px">&#160;</div>20 </div><div id="a18036" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:308.07px;top:683.15px;"><div style="display:inline-block;width:2.4px">&#160;</div>25 </div><div id="a18039" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:364.23px;top:683.15px;"><div style="display:inline-block;width:2.4px">&#160;</div>21 </div><div id="a18042" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:420.23px;top:683.15px;"><div style="display:inline-block;width:2.4px">&#160;</div>23 </div><div id="a18045" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:476.25px;top:683.15px;"><div style="display:inline-block;width:2.4px">&#160;</div>11 </div><div id="a18048" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:536.25px;top:683.15px;"><div style="display:inline-block;width:2.4px">&#160;</div>12 </div><div id="a18051" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:596.25px;top:683.15px;"><div style="display:inline-block;width:2.44px">&#160;</div>16 </div><div id="a18054" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:661.09px;top:683.15px;"><div style="display:inline-block;width:2.4px">&#160;</div>1 </div><div id="a18057" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:727.01px;top:683.15px;"><div style="display:inline-block;width:2.4px">&#160;</div>1 </div><div id="a18060" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:697.55px;">Total as of 30.9.23 </div><div id="a18063" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:252.99px;top:697.55px;"><div style="display:inline-block;width:2.44px">&#160;</div>23 </div><div id="a18066" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:308.07px;top:697.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>29 </div><div id="a18069" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:364.23px;top:697.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>23 </div><div id="a18072" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:420.23px;top:697.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>27 </div><div id="a18075" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:476.25px;top:697.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>14 </div><div id="a18078" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:536.25px;top:697.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>14 </div><div id="a18081" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:596.25px;top:697.55px;"><div style="display:inline-block;width:2.44px">&#160;</div>18 </div><div id="a18084" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:661.09px;top:697.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>2 </div><div id="a18087" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:727.01px;top:697.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>1 </div><div id="a18090" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:711.99px;">1 Statistics at individual levels may not be summed<div style="display:inline-block;width:3.55px">&#160;</div>to deduce the corresponding aggregate figures. 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This excludes the<div style="display:inline-block;width:5.32px">&#160;</div>sensitivity of USD 4.9m from<div style="display:inline-block;width:5.3px">&#160;</div>additional tier 1 (AT1)<div style="display:inline-block;width:5.67px">&#160;</div>capital instruments (as </div><div id="a18170" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:859.1px;">per specific FINMA requirements)<div style="display:inline-block;width:2.45px">&#160;</div>in contrast to general<div style="display:inline-block;width:2.41px">&#160;</div>Basel Committee on<div style="display:inline-block;width:2.57px">&#160;</div>Banking Supervision (BCBS)<div style="display:inline-block;width:2.53px">&#160;</div>guidance. </div><div id="a18172" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:876.42px;">The exposure in the banking book of the<div style="display:inline-block;width:5.3px">&#160;</div>UBS Group increased during the fourth quarter of 2023, due<div style="display:inline-block;width:5.4px">&#160;</div>to interest </div><div id="a18186" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:893.7px;">rate risk hedges<div style="display:inline-block;width:2.48px">&#160;</div>of the recent<div style="display:inline-block;width:2.49px">&#160;</div>AT1 issuance and a combination<div style="display:inline-block;width:2.15px">&#160;</div>of market movements,<div style="display:inline-block;width:2.19px">&#160;</div>i.e., decreasing interest<div style="display:inline-block;width:2.4px">&#160;</div>rates </div><div id="a18197" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:911.14px;">and the Swiss franc appreciating against the US dollar.<div style="display:inline-block;width:2.36px">&#160;</div></div></div>
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<div id="a18210" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a18212" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a18214" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Risk, capital, liquidity and funding, and balance<div style="display:inline-block;width:1.21px">&#160;</div>sheet | Risk management and control<div style="display:inline-block;width:119.37px">&#160;</div>35 </div><div id="a18220" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:46.37px;">The majority of<div style="display:inline-block;width:5.9px">&#160;</div>our interest rate<div style="display:inline-block;width:5.64px">&#160;</div>risk in<div style="display:inline-block;width:5.43px">&#160;</div>the banking<div style="display:inline-block;width:5.28px">&#160;</div>book is<div style="display:inline-block;width:5.27px">&#160;</div>a reflection of<div style="display:inline-block;width:5.84px">&#160;</div>the net asset<div style="display:inline-block;width:5.73px">&#160;</div>duration that<div style="display:inline-block;width:5.29px">&#160;</div>we run<div style="display:inline-block;width:5.27px">&#160;</div>to </div><div id="a18221" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:63.81px;">offset our modeled<div style="display:inline-block;width:1.72px">&#160;</div>sensitivity of<div style="display:inline-block;width:2.32px">&#160;</div>net USD 24.3m<div style="display:inline-block;width:2.45px">&#160;</div>(30 September 2023:<div style="display:inline-block;width:2.07px">&#160;</div>USD 23.4m) assigned<div style="display:inline-block;width:2.21px">&#160;</div>to our equity,<div style="display:inline-block;width:1.84px">&#160;</div>goodwill </div><div id="a18241" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:81.09px;">and<div style="display:inline-block;width:5.62px">&#160;</div>real<div style="display:inline-block;width:5.4px">&#160;</div>estate,<div style="display:inline-block;width:5.39px">&#160;</div>with<div style="display:inline-block;width:5.56px">&#160;</div>the aim<div style="display:inline-block;width:6.95px">&#160;</div>of<div style="display:inline-block;width:5.4px">&#160;</div>generating<div style="display:inline-block;width:5.29px">&#160;</div>a<div style="display:inline-block;width:5.6px">&#160;</div>stable<div style="display:inline-block;width:5.27px">&#160;</div>net<div style="display:inline-block;width:5.56px">&#160;</div>interest<div style="display:inline-block;width:5.27px">&#160;</div>income<div style="display:inline-block;width:5.47px">&#160;</div>contribution. 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style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:236.96px;">The immediate effect on our tier 1 capital in the &#8220;Parallel up&#8221; scenario as of 31 December 2023 would have been </div><div id="a18299" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:254.4px;">a decrease<div style="display:inline-block;width:5.53px">&#160;</div>of approximately USD 0.9bn,<div style="display:inline-block;width:5.82px">&#160;</div>or 0.9%<div style="display:inline-block;width:5.6px">&#160;</div>(30 September 2023: USD 0.9bn,<div style="display:inline-block;width:5.59px">&#160;</div>or 0.9%),<div style="display:inline-block;width:5.45px">&#160;</div>reflecting the<div style="display:inline-block;width:5.43px">&#160;</div>fact </div><div id="a18315" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:271.84px;">that the vast majority of our banking book is accrual accounted or 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Annual </div><div id="a18330" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:83.23px;top:325.45px;">Report 2022 for more information about the management of interest rate risk in the banking book </div><div id="a18332" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:16px;font-weight:bold;left:72px;top:338.99px;">&#8250;</div><div id="a18334" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:83.23px;top:342.73px;">Refer to &#8220;Sensitivity to interest rate movements&#8221; in the &#8220;Group performance&#8221; section of this report for more </div><div id="a18335" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:83.23px;top:360.05px;">information about the effects of increases in interest rates on the net interest income of our banking book<div style="display:inline-block;width:4.15px">&#160;</div></div><div id="a18338" 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:534.65px;top:469.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(30.1) </div><div id="a18404" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:668.93px;top:469.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>4.9 </div><div id="a18407" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:713.73px;top:469.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(25.2) </div><div id="a18410" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:485.68px;">Parallel up</div><div id="a18411" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:97.95px;top:486.64px;">2</div><div id="a18413" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:254.79px;top:485.68px;"><div 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style="display:inline-block;width:2.4px">&#160;</div>(5,680.2) </div><div id="a18432" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:659.33px;top:485.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>904.6 </div><div id="a18435" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:701.73px;top:485.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(4,775.5) </div><div id="a18438" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:501.68px;">Parallel down</div><div id="a18439" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:108.99px;top:502.64px;">2</div><div id="a18441" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:260.07px;top:501.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>561.8 </div><div id="a18444" style="position:absolute;font-family:&apos;Frutiger 47 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:369.67px;top:517.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(11.9) </div><div id="a18478" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:412.55px;top:517.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1,037.0) </div><div id="a18481" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:479.61px;top:517.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(33.8) </div><div id="a18484" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:522.65px;top:517.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1,401.1) </div><div id="a18488" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:664.13px;top:517.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>93.4 </div><div id="a18491" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:701.73px;top:517.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1,307.6) </div><div id="a18494" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:533.68px;">Flattener</div><div id="a18495" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:91.55px;top:534.64px;">4</div><div id="a18497" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:260.07px;top:533.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>189.6 </div><div id="a18500" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:319.43px;top:533.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(5.0) </div><div id="a18503" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:374.95px;top:533.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>14.0 </div><div id="a18506" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:419.75px;top:533.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(124.2) </div><div id="a18509" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:484.89px;top:533.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>30.8 </div><div id="a18512" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:535.13px;top:533.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>105.2 </div><div id="a18516" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:659.33px;top:533.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>109.6 </div><div id="a18519" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:714.21px;top:533.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>214.8 </div><div id="a18522" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:549.68px;">Short-term up</div><div id="a18525" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:109.95px;top:550.64px;">5</div><div id="a18527" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:259.59px;top:549.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(27.3) </div><div id="a18530" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:314.63px;top:549.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(39.4) </div><div id="a18533" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:374.95px;top:549.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>19.4 </div><div id="a18536" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:412.55px;top:549.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2,171.3) </div><div id="a18539" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:484.89px;top:549.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>23.9 </div><div id="a18542" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:522.65px;top:549.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2,194.7) </div><div id="a18546" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:659.33px;top:549.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>486.3 </div><div id="a18549" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:701.73px;top:549.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1,708.4) </div><div id="a18552" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:565.68px;">Short-term down</div><div id="a18555" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:120.99px;top:566.64px;">6</div><div id="a18557" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:264.87px;top:565.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>26.5 </div><div id="a18560" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:319.91px;top:565.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>41.8 </div><div id="a18563" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:369.67px;top:565.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(21.8) </div><div id="a18566" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:417.83px;top:565.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,312.1 </div><div id="a18569" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:479.61px;top:565.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(26.8) </div><div id="a18572" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:527.93px;top:565.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,331.9 </div><div id="a18576" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:654.05px;top:565.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(507.8) </div><div id="a18579" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:707.01px;top:565.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,824.1 </div><div id="a18593" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:471.93px;top:589.68px;">30.9.23 </div><div id="a18595" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:59.36px;top:607.12px;">USD m </div><div id="a18597" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:353.51px;top:607.12px;">Effect on EVE</div><div id="a18598" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:402.15px;top:608.08px;">1</div><div id="a18599" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:405.03px;top:607.12px;"><div style="display:inline-block;width:2.24px">&#160;</div>&#8211; FINMA </div><div id="a18605" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:612.93px;top:607.12px;">Effect on EVE</div><div id="a18606" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:661.57px;top:608.08px;">1</div><div id="a18607" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:664.45px;top:607.12px;"><div style="display:inline-block;width:2.24px">&#160;</div>&#8211; BCBS </div><div id="a18612" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:632.75px;">Scenarios </div><div id="a18614" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:269.03px;top:632.75px;">CHF </div><div id="a18616" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:323.91px;top:632.75px;">EUR </div><div id="a18618" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:378.63px;top:632.75px;">GBP </div><div id="a18620" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:433.53px;top:632.75px;">USD </div><div id="a18622" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:483.77px;top:632.75px;">Other </div><div id="a18624" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:541.05px;top:632.75px;">Total </div><div id="a18627" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:575.61px;top:621.07px;">Additional tier 1 (AT1) capital </div><div id="a18629" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:640.93px;top:632.75px;">instruments </div><div id="a18631" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:720.13px;top:632.75px;">Total </div><div id="a18633" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:646.83px;">+1 bp </div><div id="a18635" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:264.55px;top:646.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(3.1) </div><div id="a18638" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:319.59px;top:646.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(0.6) </div><div id="a18641" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:379.75px;top:646.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.1 </div><div id="a18644" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:424.71px;top:646.83px;"><div style="display:inline-block;width:2.43px">&#160;</div>(24.4) </div><div id="a18647" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:489.69px;top:646.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.2 </div><div id="a18650" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:534.81px;top:646.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(27.8) </div><div id="a18654" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:668.93px;top:646.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>2.5 </div><div id="a18657" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:713.89px;top:646.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(25.2) </div><div id="a18660" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:662.83px;">Parallel up</div><div id="a18661" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:97.95px;top:663.79px;">2</div><div id="a18663" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:254.95px;top:662.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(458.9) </div><div id="a18666" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:309.99px;top:662.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(113.1) </div><div id="a18669" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:374.95px;top:662.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>12.6 </div><div id="a18672" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:412.71px;top:662.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(4,685.4) </div><div id="a18675" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:484.89px;top:662.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>18.5 </div><div id="a18678" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:522.81px;top:662.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(5,226.3) </div><div id="a18682" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:659.33px;top:662.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>475.6 </div><div id="a18685" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:701.89px;top:662.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(4,750.7) </div><div id="a18688" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:678.83px;">Parallel down</div><div id="a18689" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:108.99px;top:679.79px;">2</div><div id="a18691" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:260.07px;top:678.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>463.5 </div><div id="a18694" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:315.11px;top:678.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>131.4 </div><div id="a18697" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:369.83px;top:678.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(19.6) </div><div id="a18700" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:417.83px;top:678.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,989.0 </div><div id="a18703" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:479.77px;top:678.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(16.9) </div><div id="a18706" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:527.93px;top:678.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,547.5 </div><div id="a18710" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:654.21px;top:678.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(525.0) </div><div id="a18713" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:707.01px;top:678.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,022.4 </div><div id="a18716" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:694.83px;">Steepener</div><div id="a18717" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:95.71px;top:695.79px;">3</div><div id="a18719" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:254.95px;top:694.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(221.0) </div><div id="a18722" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:314.79px;top:694.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(31.3) </div><div id="a18725" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:369.83px;top:694.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(10.1) </div><div id="a18728" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:419.91px;top:694.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(959.0) </div><div id="a18731" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:479.77px;top:694.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(33.6) </div><div id="a18734" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:522.81px;top:694.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1,254.9) </div><div id="a18738" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:659.01px;top:694.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(55.4) </div><div id="a18741" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:701.89px;top:694.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1,310.3) </div><div id="a18744" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:710.83px;">Flattener</div><div id="a18745" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:91.55px;top:711.79px;">4</div><div id="a18747" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:260.07px;top:710.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>126.5 </div><div id="a18750" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:319.91px;top:710.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>14.1 </div><div id="a18753" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:374.95px;top:710.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>12.1 </div><div id="a18756" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:419.91px;top:710.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(108.5) </div><div id="a18759" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:484.89px;top:710.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>34.9 </div><div id="a18762" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:539.93px;top:710.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>79.1 </div><div id="a18766" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:659.33px;top:710.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>161.4 </div><div id="a18769" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:714.21px;top:710.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>240.5 </div><div id="a18772" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:726.83px;">Short-term up</div><div id="a18775" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:109.95px;top:727.79px;">5</div><div id="a18777" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:259.75px;top:726.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(51.1) </div><div id="a18780" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:314.79px;top:726.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(21.3) </div><div id="a18783" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:374.95px;top:726.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>15.4 </div><div id="a18786" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:412.71px;top:726.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2,047.8) </div><div id="a18789" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:484.89px;top:726.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>34.6 </div><div id="a18792" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:522.81px;top:726.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2,070.1) </div><div id="a18796" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:659.33px;top:726.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>342.8 </div><div id="a18799" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:701.89px;top:726.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1,727.3) </div><div id="a18802" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:742.83px;">Short-term down</div><div id="a18805" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:120.99px;top:743.79px;">6</div><div id="a18807" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:264.87px;top:742.83px;"><div 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<div id="Page39" style="background-color:RGB(255, 255, 255);position:relative;margin-left:auto;margin-right:auto;overflow:hidden;border-style:solid;border-width:thin;border-color:RGB(198, 198, 198);page-break-after:always;width:794px;height:1123px;">
<div style="position:absolute; width:684.3px; height:1px; left:54.5px; top:1078.1px; background-color:#000000; ">&#160;</div>
<div id="a18928" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a18930" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a18932" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Risk, capital, liquidity and funding, and balance<div style="display:inline-block;width:1.21px">&#160;</div>sheet | Risk management and control<div style="display:inline-block;width:119.37px">&#160;</div>36 </div><div id="a18938" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:46.37px;">We continue to monitor<div style="display:inline-block;width:2.4px">&#160;</div>potential trade policy<div style="display:inline-block;width:2.39px">&#160;</div>disputes, as well as<div style="display:inline-block;width:2.4px">&#160;</div>economic and political<div style="display:inline-block;width:2.56px">&#160;</div>developments in addition </div><div id="a18939" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:63.81px;">to those mentioned above. We are closely watching elections in<div style="display:inline-block;width:5.32px">&#160;</div>a number of key emerging markets in 2024. Our </div><div id="a18943" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:81.09px;">potential exposure to emerging market countries<div style="display:inline-block;width:2.46px">&#160;</div>is less than 10% of our total potential country<div style="display:inline-block;width:2.32px">&#160;</div>exposures. </div><div id="a18956" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:16px;font-weight:bold;left:72px;top:96.24px;">&#8250;</div><div id="a18958" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:83.23px;top:99.98px;">Refer to the &#8220;Risk management and control&#8221; section of the UBS Group AG Annual Report 2023, which will be </div><div id="a18962" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:83.23px;top:117.45px;">available as of 28 March 2024 under &#8220;Annual reporting&#8221; at </div><div id="a18970" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;font-style:italic;left:416.87px;top:117.45px;">ubs.com/investors</div><div id="a18971" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:519.61px;top:117.45px;">, for more information </div><div id="a18974" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;color:#E60000;left:56.8px;top:150.06px;">Non-financial risk</div><div id="a18978" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:176.48px;">UBS continues to<div style="display:inline-block;width:2.45px">&#160;</div>actively manage the<div style="display:inline-block;width:2.25px">&#160;</div>non-financial risks emerging<div style="display:inline-block;width:2.11px">&#160;</div>from the acquisition<div style="display:inline-block;width:2.17px">&#160;</div>of the Credit Suisse<div style="display:inline-block;width:1.92px">&#160;</div>Group, </div><div id="a18981" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:193.76px;">including the<div style="display:inline-block;width:5.42px">&#160;</div>current operation<div style="display:inline-block;width:5.5px">&#160;</div>of dual<div style="display:inline-block;width:5.58px">&#160;</div>corporate structures,<div style="display:inline-block;width:5.32px">&#160;</div>and the<div style="display:inline-block;width:5.67px">&#160;</div>scale, pace<div style="display:inline-block;width:5.48px">&#160;</div>and complexity<div style="display:inline-block;width:5.58px">&#160;</div>of the<div style="display:inline-block;width:5.61px">&#160;</div>required </div><div id="a18982" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:211.2px;">integration activities. 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<div id="a19101" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a19103" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a19105" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Risk, capital, liquidity and funding, and balance<div style="display:inline-block;width:1.21px">&#160;</div>sheet | Risk management and control<div style="display:inline-block;width:119.37px">&#160;</div>37 </div><div id="a19111" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:46.37px;">Cross-border<div style="display:inline-block;width:5.47px">&#160;</div>risk<div style="display:inline-block;width:5.74px">&#160;</div>remains<div style="display:inline-block;width:5.64px">&#160;</div>an<div 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style="display:inline-block;width:2.21px">&#160;</div>from the<div style="display:inline-block;width:2.57px">&#160;</div>Russia&#8211;Ukraine war,<div style="display:inline-block;width:2.08px">&#160;</div>which also </div><div id="a19139" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:245.76px;">require constant attention to prevent circumvention risks,<div style="display:inline-block;width:2.25px">&#160;</div>and the conflicts in the Middle East, which may increase </div><div id="a19140" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:263.2px;">terrorist financing risks. </div><div id="a19142" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:288.96px;">In the US,<div style="display:inline-block;width:2.28px">&#160;</div>UBS AG is subject<div style="display:inline-block;width:1.94px">&#160;</div>to a Consent<div style="display:inline-block;width:2.37px">&#160;</div>Order with the<div style="display:inline-block;width:2.1px">&#160;</div>Office of the<div style="display:inline-block;width:2.15px">&#160;</div>Comptroller of<div style="display:inline-block;width:2.57px">&#160;</div>the Currency (the<div style="display:inline-block;width:1.99px">&#160;</div>OCC) since </div><div id="a19147" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:306.4px;">May 2018<div style="display:inline-block;width:6.99px">&#160;</div>relating<div style="display:inline-block;width:7.04px">&#160;</div>to<div style="display:inline-block;width:7.16px">&#160;</div>our<div style="display:inline-block;width:7.01px">&#160;</div>US<div style="display:inline-block;width:7.25px">&#160;</div>branch<div style="display:inline-block;width:7.01px">&#160;</div>AML<div style="display:inline-block;width:7.2px">&#160;</div>and<div style="display:inline-block;width:7.06px">&#160;</div>KYC<div 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</div><div id="a19161" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:419.24px;">a strong culture. 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<div id="a19175" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a19177" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a19179" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Risk, capital, liquidity and funding, and balance<div style="display:inline-block;width:1.21px">&#160;</div>sheet | Capital management<div style="display:inline-block;width:157.85px">&#160;</div>38 </div><div id="a19186" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:29.28px;left:56.8px;top:46.92px;">Capital management </div><div id="a19188" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:110.4px;">The<div style="display:inline-block;width:7.85px">&#160;</div>disclosures<div style="display:inline-block;width:7.61px">&#160;</div>in<div style="display:inline-block;width:7.92px">&#160;</div>this<div style="display:inline-block;width:7.83px">&#160;</div>section<div style="display:inline-block;width:7.83px">&#160;</div>are<div style="display:inline-block;width:7.89px">&#160;</div>provided<div style="display:inline-block;width:7.67px">&#160;</div>for<div style="display:inline-block;width:7.75px">&#160;</div>UBS Group AG<div style="display:inline-block;width:7.47px">&#160;</div>on<div style="display:inline-block;width:7.86px">&#160;</div>a<div style="display:inline-block;width:7.84px">&#160;</div>consolidated<div style="display:inline-block;width:7.77px">&#160;</div>basis<div style="display:inline-block;width:7.84px">&#160;</div>and<div style="display:inline-block;width:7.7px">&#160;</div>focus<div style="display:inline-block;width:7.76px">&#160;</div>on<div style="display:inline-block;width:7.86px">&#160;</div>key </div><div id="a19193" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:127.84px;">developments during<div style="display:inline-block;width:1.71px">&#160;</div>the reporting<div style="display:inline-block;width:1.87px">&#160;</div>period and<div style="display:inline-block;width:2.08px">&#160;</div>information in<div style="display:inline-block;width:1.92px">&#160;</div>accordance with<div style="display:inline-block;width:1.69px">&#160;</div>the Basel III<div style="display:inline-block;width:2.09px">&#160;</div>framework, as<div style="display:inline-block;width:1.8px">&#160;</div>applicable </div><div id="a19196" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:145.12px;">to Swiss systemically relevant banks (SRBs).<div style="display:inline-block;width:2.29px">&#160;</div>They should be read in conjunction<div style="display:inline-block;width:2.55px">&#160;</div>with &#8220;Capital management&#8221; 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:536.09px;top:639.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>2.54 </div><div id="a19546" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:582.49px;top:639.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>13,892 </div><div id="a19550" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:651.01px;top:639.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.82 </div><div id="a19553" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:707.33px;top:639.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>13,892 </div><div id="a19556" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:653.39px;">of which: high-trigger loss-absorbing additional tier 1 capital </div><div id="a19563" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:536.09px;top:653.39px;"><div style="display:inline-block;width:2.4px">&#160;</div>2.32 </div><div id="a19566" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:582.49px;top:653.39px;"><div style="display:inline-block;width:2.4px">&#160;</div>12,678 </div><div id="a19570" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:651.01px;top:653.39px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.75 </div><div id="a19573" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:707.33px;top:653.39px;"><div style="display:inline-block;width:2.4px">&#160;</div>12,678 </div><div id="a19576" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:667.31px;">of which: low-trigger loss-absorbing additional tier 1 capital </div><div id="a19583" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:536.09px;top:667.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.22 </div><div id="a19586" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:587.29px;top:667.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,214 </div><div id="a19590" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:651.01px;top:667.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.07 </div><div id="a19593" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:712.13px;top:667.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,214 </div><div id="a19603" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:59.36px;top:683.31px;">Required gone concern capital </div><div id="a19611" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:696.91px;">Total gone concern loss-absorbing capacity</div><div id="a19614" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:216.03px;top:697.87px;">4,5,6</div><div id="a19617" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:531.29px;top:696.91px;"><div style="display:inline-block;width:2.4px">&#160;</div>10.73 </div><div id="a19620" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:582.49px;top:696.91px;"><div style="display:inline-block;width:2.4px">&#160;</div>58,613 </div><div id="a19624" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:651.01px;top:696.91px;"><div style="display:inline-block;width:2.4px">&#160;</div>3.75 </div><div id="a19627" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:707.33px;top:696.91px;"><div style="display:inline-block;width:2.4px">&#160;</div>63,578 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;font-style:italic;left:667.33px;top:711.95px;">7</div><div id="a19647" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:707.33px;top:710.99px;"><div style="display:inline-block;width:2.4px">&#160;</div>63,578 </div><div id="a19657" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:59.36px;top:726.83px;">Eligible gone concern capital </div><div id="a19665" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:740.43px;">Total gone concern loss-absorbing capacity </div><div id="a19670" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:531.29px;top:740.43px;"><div style="display:inline-block;width:2.4px">&#160;</div>19.60 </div><div id="a19673" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:577.69px;top:740.43px;"><div style="display:inline-block;width:2.4px">&#160;</div>107,106 </div><div id="a19677" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:651.01px;top:740.43px;"><div style="display:inline-block;width:2.4px">&#160;</div>6.32 </div><div id="a19680" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:702.53px;top:740.43px;"><div style="display:inline-block;width:2.4px">&#160;</div>107,106 </div><div id="a19683" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:754.51px;">Total tier 2 capital </div><div id="a19686" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:536.09px;top:754.51px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.10 </div><div id="a19689" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:594.49px;top:754.51px;"><div style="display:inline-block;width:2.4px">&#160;</div>538 </div><div id="a19693" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:651.01px;top:754.51px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.03 </div><div id="a19696" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:719.33px;top:754.51px;"><div style="display:inline-block;width:2.4px">&#160;</div>538 </div><div id="a19699" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:768.43px;">of which: non-Basel III-compliant tier 2 capital </div><div id="a19706" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:536.09px;top:768.43px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.10 </div><div id="a19709" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:594.49px;top:768.43px;"><div style="display:inline-block;width:2.4px">&#160;</div>538 </div><div id="a19713" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:651.01px;top:768.43px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.03 </div><div id="a19716" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:719.33px;top:768.43px;"><div style="display:inline-block;width:2.4px">&#160;</div>538 </div><div id="a19719" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:782.51px;">TLAC-eligible senior unsecured debt </div><div id="a19724" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:531.29px;top:782.51px;"><div style="display:inline-block;width:2.4px">&#160;</div>19.50 </div><div id="a19727" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:577.69px;top:782.51px;"><div style="display:inline-block;width:2.4px">&#160;</div>106,567 </div><div id="a19731" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:651.01px;top:782.51px;"><div style="display:inline-block;width:2.4px">&#160;</div>6.29 </div><div id="a19734" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:702.53px;top:782.51px;"><div style="display:inline-block;width:2.4px">&#160;</div>106,567 </div><div id="a19744" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:59.36px;top:798.35px;">Total loss-absorbing capacity </div><div id="a19754" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:812.11px;">Required total loss-absorbing capacity </div><div id="a19759" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:531.29px;top:812.11px;"><div style="display:inline-block;width:2.4px">&#160;</div>25.64 </div><div id="a19762" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:577.69px;top:812.11px;"><div style="display:inline-block;width:2.4px">&#160;</div>140,143 </div><div id="a19766" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:651.01px;top:812.11px;"><div style="display:inline-block;width:2.4px">&#160;</div>8.80 </div><div id="a19769" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:702.53px;top:812.11px;"><div style="display:inline-block;width:2.4px">&#160;</div>149,148 </div><div id="a19772" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:826.03px;">Eligible total loss-absorbing capacity </div><div id="a19777" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:531.29px;top:826.03px;"><div style="display:inline-block;width:2.4px">&#160;</div>36.64 </div><div id="a19780" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:577.69px;top:826.03px;"><div style="display:inline-block;width:2.4px">&#160;</div>200,261 </div><div id="a19784" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:646.21px;top:826.03px;"><div style="display:inline-block;width:2.4px">&#160;</div>11.81 </div><div id="a19787" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:702.53px;top:826.03px;"><div style="display:inline-block;width:2.4px">&#160;</div>200,261 </div><div id="a19797" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:59.36px;top:842.67px;">Risk-weighted assets / leverage ratio denominator </div><div id="a19807" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:856.27px;">Risk-weighted assets </div><div id="a19813" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:577.69px;top:856.27px;"><div style="display:inline-block;width:2.4px">&#160;</div>546,505 </div><div id="a19819" style="position:absolute;font-family:&apos;Frutiger 47 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As<div style="display:inline-block;width:3.7px">&#160;</div>of their first call date, these<div style="display:inline-block;width:3.71px">&#160;</div>instruments are eligible to meet the<div style="display:inline-block;width:3.51px">&#160;</div>gone concern requirements.<div style="display:inline-block;width:10.01px">&#160;</div>4 A maximum of 25% of the gone<div style="display:inline-block;width:3.54px">&#160;</div>concern requirements can be met with<div style="display:inline-block;width:3.57px">&#160;</div>instruments that </div><div id="a19866" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:935.55px;">have a remaining maturity of between one and<div style="display:inline-block;width:3.54px">&#160;</div>two years. Once at least 75%<div style="display:inline-block;width:3.57px">&#160;</div>of the minimum gone concern requirement has<div style="display:inline-block;width:3.51px">&#160;</div>been met with instruments that have<div style="display:inline-block;width:3.46px">&#160;</div>a remaining maturity of greater than two<div style="display:inline-block;width:3.54px">&#160;</div>years, all </div><div id="a19868" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:945.63px;">instruments that have a remaining<div style="display:inline-block;width:3.88px">&#160;</div>maturity of between one<div style="display:inline-block;width:3.69px">&#160;</div>and two years remain<div style="display:inline-block;width:3.54px">&#160;</div>eligible to be included<div style="display:inline-block;width:3.52px">&#160;</div>in the total gone concern<div style="display:inline-block;width:3.68px">&#160;</div>capital.<div style="display:inline-block;width:9.83px">&#160;</div>5 From 1 January<div style="display:inline-block;width:3.97px">&#160;</div>2023, the resolvability discount<div style="display:inline-block;width:3.71px">&#160;</div>on the gone concern </div><div id="a19871" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:955.71px;">capital requirements for systemically important<div style="display:inline-block;width:0.63px">&#160;</div>banks (SIBs) has been replaced with<div style="display:inline-block;width:0.56px">&#160;</div>reduced base gone concern capital requirements<div style="display:inline-block;width:0.5px">&#160;</div>equivalent to 75% of the total<div style="display:inline-block;width:0.66px">&#160;</div>going concern requirements (excluding countercyclical </div><div id="a19874" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:965.95px;">buffer requirements and the Pillar 2 add-on).<div style="display:inline-block;width:6.8px">&#160;</div>6 As of July 2024, the Swiss Financial Market Supervisory Authority (FINMA) will<div style="display:inline-block;width:0.61px">&#160;</div>have the authority to impose a surcharge of up to 25%<div style="display:inline-block;width:0.68px">&#160;</div>of the total going concern capital </div><div id="a19878" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:976.03px;">requirements should obstacles to an SIB&#8217;s resolvability be identified in future resolvability<div style="display:inline-block;width:3.44px">&#160;</div>assessments.<div style="display:inline-block;width:8.96px">&#160;</div>7 Includes applicable add-ons of 1.08% for RWA and 0.38% for LRD.<div style="display:inline-block;width:9.66px">&#160;</div></div></div>
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<div id="Page42" style="background-color:RGB(255, 255, 255);position:relative;margin-left:auto;margin-right:auto;overflow:hidden;border-style:solid;border-width:thin;border-color:RGB(198, 198, 198);page-break-after:always;width:794px;height:1123px;">
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<div id="a19886" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a19888" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a19890" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Risk, capital, liquidity and funding, and balance<div style="display:inline-block;width:1.21px">&#160;</div>sheet | Capital management<div style="display:inline-block;width:157.85px">&#160;</div>39 </div><div id="a19896" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:46.37px;">We are subject to<div style="display:inline-block;width:2.27px">&#160;</div>the going and gone<div style="display:inline-block;width:2.3px">&#160;</div>concern requirements of<div style="display:inline-block;width:2.3px">&#160;</div>the Swiss Capital Adequacy<div style="display:inline-block;width:2.12px">&#160;</div>Ordinance that include </div><div id="a19897" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:63.81px;">the<div style="display:inline-block;width:5.56px">&#160;</div>too-big-to-fail<div style="display:inline-block;width:5.44px">&#160;</div>(TBTF)<div style="display:inline-block;width:5.46px">&#160;</div>provisions<div style="display:inline-block;width:5.42px">&#160;</div>applicable<div style="display:inline-block;width:5.51px">&#160;</div>to<div style="display:inline-block;width:5.56px">&#160;</div>Swiss<div style="display:inline-block;width:5.36px">&#160;</div>SRBs.<div style="display:inline-block;width:5.57px">&#160;</div>The<div style="display:inline-block;width:5.61px">&#160;</div>table<div style="display:inline-block;width:5.63px">&#160;</div>above<div style="display:inline-block;width:5.61px">&#160;</div>provides<div style="display:inline-block;width:5.54px">&#160;</div>the<div style="display:inline-block;width:5.6px">&#160;</div>risk-weighted asset </div><div id="a19916" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:81.09px;">(RWA)- and leverage ratio denominator (LRD)-based<div style="display:inline-block;width:2.36px">&#160;</div>requirements and information as of<div style="display:inline-block;width:2.57px">&#160;</div>31 December 2023. </div><div id="a19935" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:107.04px;">In November<div style="display:inline-block;width:2.05px">&#160;</div>2022, the<div style="display:inline-block;width:1.93px">&#160;</div>Swiss Federal<div style="display:inline-block;width:2.11px">&#160;</div>Council adopted<div style="display:inline-block;width:1.73px">&#160;</div>amendments to<div style="display:inline-block;width:1.81px">&#160;</div>the Banking<div style="display:inline-block;width:2.08px">&#160;</div>Act and<div style="display:inline-block;width:2.18px">&#160;</div>the Banking<div style="display:inline-block;width:2.08px">&#160;</div>Ordinance, </div><div id="a19936" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:124.48px;">which entered into<div style="display:inline-block;width:5.71px">&#160;</div>force as of<div style="display:inline-block;width:5.69px">&#160;</div>1 January 2023. 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Refer to<div style="display:inline-block;width:2.4px">&#160;</div>&#8220;Accounting for the acquisition<div style="display:inline-block;width:2px">&#160;</div>of the </div><div id="a20058" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:627.26px;">Credit Suisse<div style="display:inline-block;width:2.14px">&#160;</div>Group&#8221; in<div style="display:inline-block;width:2.24px">&#160;</div>the &#8220;Consolidated<div style="display:inline-block;width:1.65px">&#160;</div>financial information&#8221;<div style="display:inline-block;width:1.54px">&#160;</div>section of<div style="display:inline-block;width:1.96px">&#160;</div>this report<div style="display:inline-block;width:2.13px">&#160;</div>for details<div style="display:inline-block;width:1.99px">&#160;</div>on the<div style="display:inline-block;width:2.15px">&#160;</div>accounting </div><div id="a20059" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:644.54px;">treatment and respective adjustments to prior reporting<div style="display:inline-block;width:5.34px">&#160;</div>periods. We have applied the amended classification and </div><div id="a20063" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:661.82px;">measurement for LRD and RWA calculation purposes prospectively from the fourth<div style="display:inline-block;width:2.51px">&#160;</div>quarter of 2023. </div></div>
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<div id="a20069" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a20071" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a20073" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Risk, capital, liquidity and funding, and balance<div style="display:inline-block;width:1.21px">&#160;</div>sheet | Capital management<div style="display:inline-block;width:157.85px">&#160;</div>40 </div><div id="a20079" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:21.28px;left:56.8px;top:45.09px;">Total loss-absorbing capacity </div><div id="a20084" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:94.37px;">The table below provides Swiss SRB going and gone concern information 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style="display:inline-block;width:5.64px">&#160;</div>to<div style="display:inline-block;width:6.04px">&#160;</div>the<div style="display:inline-block;width:5.88px">&#160;</div>Swiss<div style="display:inline-block;width:5.84px">&#160;</div>SRB<div style="display:inline-block;width:5.94px">&#160;</div>framework<div style="display:inline-block;width:5.82px">&#160;</div>and<div style="display:inline-block;width:5.94px">&#160;</div>requirements<div style="display:inline-block;width:6.13px">&#160;</div>after<div style="display:inline-block;width:5.77px">&#160;</div>the </div><div id="a20090" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:146.4px;">publication of the Annual Report 2022 are described above. </div><div id="a20096" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:59.36px;top:180.97px;">Swiss SRB going and gone concern information </div><div id="a20102" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:59.36px;top:196.68px;">USD m, except where indicated </div><div id="a20105" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:540.57px;top:196.68px;">31.12.23 </div><div id="a20107" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:625.41px;top:196.68px;">30.9.23 </div><div id="a20109" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:700.61px;top:196.68px;">31.12.22 </div><div id="a20116" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:59.36px;top:215.24px;">Eligible going concern capital </div><div id="a20123" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:227.56px;">Total going concern capital </div><div id="a20126" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:545.37px;top:227.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>93,155 </div><div id="a20129" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:625.41px;top:227.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>91,546 </div><div id="a20132" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:227.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>58,321 </div><div id="a20135" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:240.2px;">Total tier 1 capital </div><div id="a20138" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:545.37px;top:240.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>93,155 </div><div id="a20141" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:625.41px;top:240.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>91,546 </div><div id="a20144" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:240.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>58,321 </div><div id="a20147" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:253px;">Common equity tier 1 capital </div><div id="a20150" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:545.37px;top:253px;"><div style="display:inline-block;width:2.4px">&#160;</div>79,263 </div><div id="a20153" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:625.41px;top:253px;"><div style="display:inline-block;width:2.4px">&#160;</div>78,587 </div><div id="a20156" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:253px;"><div style="display:inline-block;width:2.4px">&#160;</div>45,457 </div><div id="a20159" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:265.64px;">Total loss-absorbing additional tier 1 capital </div><div id="a20164" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:545.37px;top:265.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>13,892 </div><div id="a20167" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:625.41px;top:265.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>12,960 </div><div id="a20170" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:265.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>12,864 </div><div id="a20173" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:278.28px;">of which: high-trigger loss-absorbing additional tier 1 capital </div><div id="a20180" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:545.37px;top:278.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>12,678 </div><div id="a20183" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:625.41px;top:278.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>11,764 </div><div id="a20186" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:705.41px;top:278.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>11,675 </div><div id="a20189" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:291.08px;">of which: low-trigger loss-absorbing additional tier 1 capital </div><div id="a20196" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:550.17px;top:291.08px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,214 </div><div id="a20199" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:630.21px;top:291.08px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,195 </div><div id="a20202" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:710.21px;top:291.08px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,189 </div><div id="a20210" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:59.36px;top:309.96px;">Eligible gone concern capital </div><div id="a20216" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:322.44px;">Total gone concern loss-absorbing capacity </div><div id="a20222" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:540.57px;top:322.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>107,106 </div><div id="a20225" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:620.61px;top:322.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>103,353 </div><div id="a20228" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:322.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>46,991 </div><div id="a20231" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:335.08px;">Total tier 2 capital </div><div id="a20234" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:557.37px;top:335.08px;"><div style="display:inline-block;width:2.4px">&#160;</div>538 </div><div id="a20237" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:637.41px;top:335.08px;"><div style="display:inline-block;width:2.4px">&#160;</div>536 </div><div id="a20240" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:335.08px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,958 </div><div id="a20243" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:347.72px;">of which: low-trigger loss-absorbing tier 2 capital </div><div id="a20250" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:566.97px;top:347.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a20253" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:647.01px;top:347.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a20256" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:710.21px;top:347.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,422 </div><div id="a20259" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:360.56px;">of which: non-Basel III-compliant tier 2 capital </div><div id="a20266" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:557.37px;top:360.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>538 </div><div id="a20269" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:637.41px;top:360.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>536 </div><div id="a20272" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:717.41px;top:360.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>536 </div><div id="a20275" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:373.2px;">TLAC-eligible senior unsecured debt </div><div id="a20281" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:540.57px;top:373.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>106,567 </div><div id="a20284" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:620.61px;top:373.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>102,817 </div><div id="a20287" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:373.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>44,033 </div><div id="a20295" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:59.36px;top:392.24px;">Total loss-absorbing capacity </div><div id="a20303" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:404.56px;">Total loss-absorbing capacity </div><div id="a20308" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:540.57px;top:404.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>200,261 </div><div id="a20311" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:620.61px;top:404.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>194,899 </div><div id="a20314" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:700.61px;top:404.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>105,312 </div><div id="a20322" 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The notes provide, however, that,<div style="display:inline-block;width:2.46px">&#160;</div>following approval </div><div id="a20673" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1001.22px;">of a<div style="display:inline-block;width:2.45px">&#160;</div>minimum amount<div style="display:inline-block;width:2.12px">&#160;</div>of conversion<div style="display:inline-block;width:2.29px">&#160;</div>capital by<div style="display:inline-block;width:2.26px">&#160;</div>UBS Group AG&#8217;s shareholders<div style="display:inline-block;width:1.88px">&#160;</div>at the<div style="display:inline-block;width:2.4px">&#160;</div>2024 Annual<div style="display:inline-block;width:2.23px">&#160;</div>General Meeting, </div><div id="a20688" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1018.5px;">upon the occurrence of a trigger<div style="display:inline-block;width:2.53px">&#160;</div>event or a viability event the notes<div style="display:inline-block;width:2.43px">&#160;</div>will be converted into UBS Group<div style="display:inline-block;width:2.58px">&#160;</div>AG ordinary </div><div id="a20701" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1035.78px;">shares rather than being subject to a write-down.</div></div>
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style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;color:#9A3D37;left:59.36px;top:435.28px;">Going concern capital </div><div id="a20832" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:697.73px;top:435.28px;">Swiss SRB </div><div id="a20834" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:449.84px;">Common equity tier 1 capital as of 30.9.23 </div><div id="a20836" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:449.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>78,587 </div><div id="a20839" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:68.48px;top:464.88px;">Operating profit / (loss) before tax </div><div id="a20841" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:712.29px;top:464.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>(751) </div><div id="a20844" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:68.48px;top:479.92px;">Current tax (expense) / benefit </div><div id="a20846" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:717.09px;top:479.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(69) </div><div id="a20849" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:68.48px;top:494.8px;">Foreign currency translation effects, before tax </div><div id="a20852" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:494.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,612 </div><div id="a20855" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:68.48px;top:509.84px;">Deferred tax assets on temporary differences </div><div id="a20857" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:509.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,500 </div><div id="a20860" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:68.48px;top:524.88px;">Compensation-<div style="display:inline-block;width:2.27px">&#160;</div>and own share-related capital components </div><div id="a20867" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:712.29px;top:524.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>(629) </div><div id="a20870" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:68.48px;top:539.92px;">Amortization of transitional CET1 purchase price allocation adjustments, net of<div style="display:inline-block;width:1px">&#160;</div>tax </div><div id="a20872" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:712.29px;top:539.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(283) </div><div id="a20875" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:68.48px;top:554.8px;">Other</div><div id="a20876" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:88.99px;top:555.76px;">1</div><div id="a20878" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:712.29px;top:554.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>(704) </div><div id="a20881" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:569.84px;">Common equity tier 1 capital as of 31.12.23 </div><div id="a20883" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:569.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>79,263 </div><div id="a20886" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:584.56px;">Loss-absorbing additional tier 1 capital as of 30.9.23 </div><div id="a20890" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:584.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>12,960 </div><div id="a20893" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:68.48px;top:599.6px;">Issuance of high-trigger loss-absorbing additional tier 1 capital </div><div id="a20899" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:599.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,455 </div><div id="a20902" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:68.48px;top:614.51px;">Call of high-trigger loss-absorbing additional tier 1 capital </div><div id="a20909" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.09px;top:614.51px;"><div style="display:inline-block;width:2.4px">&#160;</div>(3,023) </div><div id="a20912" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:68.48px;top:629.55px;">Interest rate risk hedge, foreign currency translation and other effects </div><div id="a20914" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:717.41px;top:629.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>500 </div><div id="a20917" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:644.59px;">Loss-absorbing additional tier 1 capital as of 31.12.23 </div><div id="a20921" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:644.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>13,892 </div><div id="a20924" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:659.31px;">Total going concern capital as of 30.9.23 </div><div id="a20926" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:659.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>91,546 </div><div id="a20929" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:673.87px;">Total going concern capital as of 31.12.23 </div><div id="a20932" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:673.87px;"><div style="display:inline-block;width:2.4px">&#160;</div>93,155 </div><div id="a20937" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;color:#9A3D37;left:59.36px;top:692.91px;">Gone concern loss-absorbing capacity </div><div id="a20942" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:707.63px;">Tier 2 capital as of 30.9.23 </div><div id="a20944" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:717.41px;top:707.63px;"><div style="display:inline-block;width:2.4px">&#160;</div>536 </div><div id="a20947" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:68.48px;top:722.51px;">Interest rate risk hedge, foreign currency translation and other effects </div><div id="a20949" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:727.01px;top:722.51px;"><div 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:700.61px;top:812.27px;"><div style="display:inline-block;width:2.4px">&#160;</div>106,567 </div><div id="a20992" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:826.83px;">Total gone concern loss-absorbing capacity as of 30.9.23 </div><div id="a20996" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:700.61px;top:826.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>103,353 </div><div id="a20999" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:841.55px;">Total gone concern loss-absorbing capacity as of 31.12.23 </div><div id="a21003" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:700.61px;top:841.55px;"><div style="display:inline-block;width:2.4px">&#160;</div>107,106 </div><div id="a21008" 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accruals for the current year (negative USD 0.8bn) and movements related to other items. </div></div>
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<div id="a21032" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a21034" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a21036" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Risk, capital, liquidity and funding, and balance<div style="display:inline-block;width:1.21px">&#160;</div>sheet | Capital management<div style="display:inline-block;width:157.85px">&#160;</div>42 </div><div id="a21042" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:59.36px;top:47.82px;">Reconciliation of IFRS equity to Swiss SRB common equity tier 1 capital </div><div id="a21048" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:59.36px;top:65.94px;">USD m 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style="display:inline-block;width:2.4px">&#160;</div>85,468 </div><div id="a21067" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:81.14px;"><div style="display:inline-block;width:2.4px">&#160;</div>57,218 </div><div id="a21070" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:96.82px;">Equity attributable to non-controlling interests </div><div id="a21075" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:592.09px;top:96.82px;"><div style="display:inline-block;width:2.4px">&#160;</div>(531) </div><div id="a21078" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:652.29px;top:96.82px;"><div style="display:inline-block;width:2.4px">&#160;</div>(542) </div><div id="a21081" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:712.29px;top:96.82px;"><div style="display:inline-block;width:2.4px">&#160;</div>(342) </div><div id="a21084" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:112.85px;">Defined benefit plans, net of tax </div><div id="a21087" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:592.09px;top:112.85px;"><div style="display:inline-block;width:2.4px">&#160;</div>(965) </div><div id="a21090" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:652.29px;top:112.85px;"><div style="display:inline-block;width:2.4px">&#160;</div>(929) </div><div id="a21093" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:712.29px;top:112.85px;"><div style="display:inline-block;width:2.4px">&#160;</div>(311) </div><div id="a21096" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:128.84px;">Deferred tax assets recognized for tax loss carry-forwards </div><div id="a21102" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:584.89px;top:128.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(3,039) </div><div id="a21105" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:645.09px;top:128.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(3,760) </div><div id="a21108" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.09px;top:128.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(4,077) </div><div id="a21111" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:144.84px;">Deferred tax assets for unused tax credits </div><div id="a21114" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:596.89px;top:144.84px;"><div style="display:inline-block;width:2.44px">&#160;</div>(97) </div><div id="a21117" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:652.29px;top:144.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(245) </div><div id="a21121" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:160.84px;">Deferred tax assets on temporary differences, excess over threshold </div><div id="a21126" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:717.09px;top:160.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(64) </div><div id="a21129" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:176.84px;">Goodwill, net of tax</div><div id="a21130" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:131.55px;top:177.8px;">2</div><div id="a21133" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:584.89px;top:176.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(5,750) </div><div id="a21136" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:645.09px;top:176.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(5,736) </div><div id="a21139" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.09px;top:176.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(5,754) </div><div id="a21142" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:192.84px;">Intangible assets, net of tax </div><div id="a21146" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:592.09px;top:192.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(894) </div><div id="a21149" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:652.29px;top:192.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(844) </div><div id="a21152" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:712.29px;top:192.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(150) </div><div id="a21155" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:208.84px;">Compensation-related components (not recognized in net profit) </div><div id="a21160" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:584.89px;top:208.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2,586) </div><div id="a21163" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:645.09px;top:208.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2,296) </div><div id="a21166" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.09px;top:208.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2,287) </div><div id="a21169" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:224.84px;">Expected losses on advanced internal ratings-based portfolio less provisions </div><div id="a21174" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:592.09px;top:224.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(713) </div><div id="a21177" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:652.29px;top:224.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(553) </div><div id="a21180" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:712.29px;top:224.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(471) </div><div id="a21183" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:240.84px;">Unrealized (gains) / losses from cash flow hedges, net of tax </div><div id="a21187" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:590.17px;top:240.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,109 </div><div id="a21190" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:650.21px;top:240.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,947 </div><div id="a21193" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:240.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,234 </div><div id="a21196" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:256.84px;">Own credit related to (gains) / losses on financial liabilities<div style="display:inline-block;width:0.9px">&#160;</div>measured at fair value that existed at the balance sheet date, net of tax </div><div id="a21200" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:590.17px;top:256.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,291 </div><div id="a21203" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:657.41px;top:256.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>571 </div><div id="a21206" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:712.29px;top:256.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(523) </div><div id="a21209" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:272.84px;">Own credit related to (gains) / losses on derivative financial instruments<div style="display:inline-block;width:0.77px">&#160;</div>that existed at the balance sheet date </div><div id="a21213" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:596.89px;top:272.84px;"><div style="display:inline-block;width:2.44px">&#160;</div>(89) </div><div id="a21216" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:652.29px;top:272.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(123) </div><div id="a21219" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:712.29px;top:272.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(105) </div><div id="a21222" style="position:absolute;font-family:&apos;Frutiger 47 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id="a21259" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:645.09px;top:336.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1,565) </div><div id="a21262" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:717.09px;top:336.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(29) </div><div id="a21265" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:352.84px;">Total common equity tier 1 capital </div><div id="a21268" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:585.37px;top:352.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>79,263 </div><div id="a21271" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:645.41px;top:352.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>78,587 </div><div id="a21274" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:352.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>45,457 </div><div id="a21277" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:368.45px;">1 Comparative-period<div style="display:inline-block;width:3.67px">&#160;</div>information has<div style="display:inline-block;width:3.67px">&#160;</div>been revised.<div style="display:inline-block;width:3.68px">&#160;</div>Refer to &#8220;Accounting<div style="display:inline-block;width:5.11px">&#160;</div>for the<div style="display:inline-block;width:3.52px">&#160;</div>acquisition of<div style="display:inline-block;width:3.51px">&#160;</div>the Credit<div style="display:inline-block;width:3.68px">&#160;</div>Suisse Group&#8221;<div style="display:inline-block;width:3.52px">&#160;</div>in the<div style="display:inline-block;width:3.52px">&#160;</div>&#8220;Consolidated financial<div style="display:inline-block;width:3.91px">&#160;</div>information&#8221; section<div style="display:inline-block;width:3.51px">&#160;</div>of this<div style="display:inline-block;width:3.52px">&#160;</div>report for<div style="display:inline-block;width:3.67px">&#160;</div>more information.<div style="display:inline-block;width:9.09px">&#160;</div></div><div id="a21281" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:378.53px;">2 Includes goodwill related to significant investments in financial institutions of USD 20m as of 31 December 2023 (USD 19m as of 30 September 2023;<div style="display:inline-block;width:3.52px">&#160;</div>USD 20m as of 31 December 2022) presented on the balance </div><div id="a21286" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:388.77px;">sheet line Investments in associates.<div style="display:inline-block;width:8.78px">&#160;</div>3 Includes dividend accruals for the current year and other items.<div 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under &#8220;Capital management&#8221; in the </div><div id="a21401" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:83.23px;top:767.11px;">&#8220;Capital, liquidity and funding, and balance sheet&#8221; section of the Annual Report 2022 for more information </div></div>
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<div id="a21411" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a21413" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a21415" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Risk, capital, liquidity and funding, and balance<div style="display:inline-block;width:1.21px">&#160;</div>sheet | Capital management<div style="display:inline-block;width:157.85px">&#160;</div>43 </div><div id="a21421" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;color:#E60000;left:56.8px;top:46.37px;">Estimated effect on capital from litigation,<div style="display:inline-block;width:2.41px">&#160;</div>regulatory and similar matters subject to<div style="display:inline-block;width:2.54px">&#160;</div>provisions and contingent </div><div id="a21422" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;color:#E60000;left:56.8px;top:63.81px;">liabilities </div><div id="a21424" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:81.09px;">We have estimated the<div style="display:inline-block;width:2.13px">&#160;</div>loss in capital that<div style="display:inline-block;width:2.11px">&#160;</div>we could incur<div style="display:inline-block;width:2.31px">&#160;</div>as a result of<div style="display:inline-block;width:2.46px">&#160;</div>the risks associated<div style="display:inline-block;width:2.44px">&#160;</div>with the matters<div style="display:inline-block;width:2.56px">&#160;</div>related </div><div id="a21426" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:98.37px;">to<div style="display:inline-block;width:6.36px">&#160;</div>UBS AG<div style="display:inline-block;width:6.38px">&#160;</div>and<div style="display:inline-block;width:6.42px">&#160;</div>subsidiaries<div style="display:inline-block;width:5.84px">&#160;</div>described<div style="display:inline-block;width:6.24px">&#160;</div>in<div style="display:inline-block;width:6.52px">&#160;</div>&#8220;Provisions<div style="display:inline-block;width:6.22px">&#160;</div>and<div style="display:inline-block;width:6.42px">&#160;</div>contingent<div style="display:inline-block;width:6.25px">&#160;</div>liabilities&#8221;<div style="display:inline-block;width:5.99px">&#160;</div>in<div style="display:inline-block;width:6.48px">&#160;</div>the<div style="display:inline-block;width:6.36px">&#160;</div>&#8220;Consolidated<div style="display:inline-block;width:6.08px">&#160;</div>financial </div><div id="a21435" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:115.84px;">information&#8221;<div style="display:inline-block;width:5.31px">&#160;</div>section<div style="display:inline-block;width:5.43px">&#160;</div>of<div style="display:inline-block;width:5.56px">&#160;</div>this<div style="display:inline-block;width:5.59px">&#160;</div>report.<div style="display:inline-block;width:5.66px">&#160;</div>We<div style="display:inline-block;width:5.85px">&#160;</div>have<div style="display:inline-block;width:5.6px">&#160;</div>employed<div style="display:inline-block;width:5.32px">&#160;</div>for<div style="display:inline-block;width:5.51px">&#160;</div>this<div style="display:inline-block;width:5.59px">&#160;</div>purpose<div style="display:inline-block;width:5.55px">&#160;</div>the<div style="display:inline-block;width:5.56px">&#160;</div>advanced<div style="display:inline-block;width:5.45px">&#160;</div>measurement<div style="display:inline-block;width:5.48px">&#160;</div>approach </div><div id="a21437" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:133.12px;">(AMA)<div style="display:inline-block;width:5.35px">&#160;</div>methodology that<div style="display:inline-block;width:6.58px">&#160;</div>we<div style="display:inline-block;width:5.37px">&#160;</div>use<div style="display:inline-block;width:5.41px">&#160;</div>when<div style="display:inline-block;width:5.39px">&#160;</div>determining the<div style="display:inline-block;width:6.48px">&#160;</div>capital<div style="display:inline-block;width:5.53px">&#160;</div>requirements<div style="display:inline-block;width:5.49px">&#160;</div>associated with<div style="display:inline-block;width:6.72px">&#160;</div>operational risks, </div><div id="a21438" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:150.4px;">based on a 99.9% confidence level over a 12-month horizon. 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<div id="a21785" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a21787" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a21789" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Risk, capital, liquidity and funding, and balance<div style="display:inline-block;width:1.21px">&#160;</div>sheet | Capital management<div style="display:inline-block;width:157.85px">&#160;</div>44 </div><div id="a21795" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:46.37px;">Methodology and policy changes resulted in an RWA increase of USD 0.7bn, due to a<div style="display:inline-block;width:5.26px">&#160;</div>change in the treatment of </div><div id="a21798" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:63.81px;">a derivatives<div style="display:inline-block;width:2.01px">&#160;</div>portfolio from<div style="display:inline-block;width:1.68px">&#160;</div>the internal<div style="display:inline-block;width:2.1px">&#160;</div>model-based<div style="display:inline-block;width:2.46px">&#160;</div>approach to<div style="display:inline-block;width:2.04px">&#160;</div>the standardized<div style="display:inline-block;width:1.71px">&#160;</div>approach for<div style="display:inline-block;width:1.99px">&#160;</div>counterparty<div style="display:inline-block;width:2.54px">&#160;</div>credit </div><div id="a21801" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:81.09px;">risk. </div><div id="a21803" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:107.04px;">Model updates<div style="display:inline-block;width:1.52px">&#160;</div>resulted in<div style="display:inline-block;width:1.66px">&#160;</div>an RWA<div style="display:inline-block;width:1.63px">&#160;</div>decrease of<div style="display:inline-block;width:1.66px">&#160;</div>USD 0.7bn,<div style="display:inline-block;width:2.54px">&#160;</div>primarily related<div style="display:inline-block;width:1.54px">&#160;</div>to the<div style="display:inline-block;width:1.77px">&#160;</div>recalibration of<div style="display:inline-block;width:1.51px">&#160;</div>certain multipliers </div><div id="a21809" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:124.48px;">as a result of improvements to models, partly offset<div style="display:inline-block;width:2.39px">&#160;</div>by an update to a model for securities financing<div style="display:inline-block;width:2.3px">&#160;</div>transactions. </div><div id="a21813" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:16px;font-weight:bold;left:72px;top:139.63px;">&#8250;</div><div id="a21815" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:83.23px;top:143.37px;">Refer to &#8220;Credit risk models&#8221; 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<div id="a21981" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a21983" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a21985" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Risk, capital, liquidity and funding, and balance<div style="display:inline-block;width:1.21px">&#160;</div>sheet | Capital management<div style="display:inline-block;width:157.85px">&#160;</div>45 </div><div id="a21991" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:59.36px;top:47.82px;">Risk-weighted assets by business division and Group Items </div><div id="a21995" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:59.36px;top:88.18px;">USD bn </div><div id="a21998" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:309.99px;top:76.5px;">Global Wealth </div><div id="a22000" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:313.83px;top:88.18px;">Management </div><div id="a22002" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:384.87px;top:64.82px;">Personal &amp; </div><div id="a22004" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:387.75px;top:76.5px;">Corporate </div><div id="a22006" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:394.47px;top:88.18px;">Banking </div><div id="a22008" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:466.49px;top:64.82px;">Asset </div><div id="a22010" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:453.37px;top:76.5px;">Manage- </div><div id="a22013" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:467.61px;top:88.18px;">ment </div><div id="a22015" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:508.25px;top:76.5px;">Investment </div><div id="a22017" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:529.69px;top:88.18px;">Bank </div><div id="a22019" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:560.25px;top:76.5px;">Non-core and </div><div id="a22022" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:585.53px;top:88.18px;">Legacy </div><div id="a22024" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:649.41px;top:76.5px;">Group<div style="display:inline-block;width:2.18px">&#160;</div></div><div id="a22026" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:652.45px;top:88.18px;">Items </div><div id="a22028" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:715.97px;top:76.5px;">Total </div><div id="a22030" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:715.81px;top:88.18px;">RWA </div><div id="a22034" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:502.97px;top:102.26px;">31.12.23 </div><div id="a22036" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:117.97px;">Credit and counterparty credit risk</div><div id="a22037" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:183.23px;top:118.92px;">1</div><div id="a22040" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:342.95px;top:117.97px;"><div style="display:inline-block;width:2.4px">&#160;</div>90.4 </div><div id="a22043" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:400.07px;top:117.97px;"><div style="display:inline-block;width:2.4px">&#160;</div>137.8 </div><div id="a22046" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:471.77px;top:117.97px;"><div style="display:inline-block;width:2.4px">&#160;</div>7.6 </div><div id="a22049" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:528.89px;top:117.97px;"><div style="display:inline-block;width:2.4px">&#160;</div>65.0 </div><div id="a22052" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:590.97px;top:117.97px;"><div style="display:inline-block;width:2.4px">&#160;</div>34.3 </div><div id="a22055" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:652.93px;top:117.97px;"><div style="display:inline-block;width:2.4px">&#160;</div>10.2 </div><div id="a22058" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:710.21px;top:117.97px;"><div style="display:inline-block;width:2.4px">&#160;</div>345.3 </div><div id="a22061" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:133.64px;">Non-counterparty-related risk</div><div id="a22066" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:166.59px;top:134.6px;">2</div><div id="a22069" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:347.75px;top:133.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>6.8 </div><div id="a22072" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:409.67px;top:133.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>3.4 </div><div id="a22075" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:471.77px;top:133.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.8 </div><div id="a22078" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:533.69px;top:133.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>3.8 </div><div id="a22081" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:595.77px;top:133.64px;"><div style="display:inline-block;width:2.44px">&#160;</div>2.5 </div><div id="a22084" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:652.93px;top:133.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>17.1 </div><div id="a22087" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:715.01px;top:133.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>34.4 </div><div id="a22090" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:149.32px;">Market risk </div><div id="a22093" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:347.75px;top:149.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>1.7 </div><div id="a22096" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:409.67px;top:149.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.1 </div><div id="a22099" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:471.77px;top:149.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.1 </div><div id="a22102" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:528.89px;top:149.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>12.5 </div><div id="a22105" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:595.77px;top:149.32px;"><div style="display:inline-block;width:2.44px">&#160;</div>5.1 </div><div id="a22108" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:657.73px;top:149.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>1.9 </div><div id="a22111" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:715.01px;top:149.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>21.4 </div><div id="a22114" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:165px;">Operational risk </div><div id="a22117" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:342.95px;top:165px;"><div style="display:inline-block;width:2.4px">&#160;</div>57.5 </div><div id="a22120" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:404.87px;top:165px;"><div style="display:inline-block;width:2.4px">&#160;</div>19.5 </div><div id="a22123" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:471.77px;top:165px;"><div style="display:inline-block;width:2.4px">&#160;</div>7.2 </div><div id="a22126" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:528.89px;top:165px;"><div style="display:inline-block;width:2.4px">&#160;</div>25.0 </div><div id="a22129" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:590.97px;top:165px;"><div style="display:inline-block;width:2.4px">&#160;</div>30.0 </div><div id="a22132" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:657.73px;top:165px;"><div style="display:inline-block;width:2.4px">&#160;</div>6.2 </div><div id="a22135" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:710.21px;top:165px;"><div style="display:inline-block;width:2.4px">&#160;</div>145.4 </div><div id="a22138" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:180.68px;">Total </div><div id="a22141" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:338.15px;top:180.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>156.5 </div><div id="a22144" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:400.07px;top:180.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>160.8 </div><div id="a22147" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:466.97px;top:180.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>15.6 </div><div id="a22150" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:524.09px;top:180.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>106.3 </div><div id="a22153" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:590.97px;top:180.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>72.0 </div><div id="a22156" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:652.93px;top:180.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>35.3 </div><div id="a22159" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:710.21px;top:180.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>546.5 </div><div id="a22173" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:505.37px;top:207.08px;">30.9.23 </div><div id="a22175" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:222.76px;">Credit and counterparty credit risk</div><div id="a22176" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:183.23px;top:223.72px;">1</div><div id="a22179" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:342.95px;top:222.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>92.8 </div><div id="a22182" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:400.07px;top:222.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>132.0 </div><div id="a22185" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:471.77px;top:222.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>7.6 </div><div id="a22188" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:528.89px;top:222.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>64.4 </div><div id="a22191" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:590.97px;top:222.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>38.8 </div><div id="a22194" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:652.93px;top:222.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>10.7 </div><div id="a22197" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:222.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>346.3 </div><div id="a22200" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:238.44px;">Non-counterparty-related risk</div><div id="a22205" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:166.59px;top:239.4px;">2</div><div id="a22208" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:347.75px;top:238.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>6.8 </div><div id="a22211" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:409.67px;top:238.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>3.5 </div><div id="a22214" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:471.77px;top:238.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.8 </div><div id="a22217" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:533.69px;top:238.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>3.7 </div><div id="a22220" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:595.77px;top:238.44px;"><div style="display:inline-block;width:2.44px">&#160;</div>2.7 </div><div id="a22223" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:652.93px;top:238.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>13.2 </div><div id="a22226" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.01px;top:238.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>30.7 </div><div id="a22229" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:254.12px;">Market risk </div><div id="a22232" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:347.75px;top:254.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>1.6 </div><div id="a22235" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:409.67px;top:254.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.1 </div><div id="a22238" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:471.77px;top:254.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.0 </div><div id="a22241" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:528.89px;top:254.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>13.9 </div><div id="a22244" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:595.77px;top:254.12px;"><div style="display:inline-block;width:2.44px">&#160;</div>5.9 </div><div id="a22247" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:657.73px;top:254.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>2.4 </div><div id="a22250" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.01px;top:254.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>24.1 </div><div id="a22253" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:269.8px;">Operational risk </div><div id="a22256" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:342.95px;top:269.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>57.5 </div><div id="a22259" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:404.87px;top:269.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>19.5 </div><div id="a22262" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:471.77px;top:269.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>7.2 </div><div id="a22265" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:528.89px;top:269.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>25.0 </div><div id="a22268" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:590.97px;top:269.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>30.0 </div><div id="a22271" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:657.73px;top:269.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>6.2 </div><div id="a22274" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:269.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>145.4 </div><div id="a22277" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:285.48px;">Total </div><div id="a22280" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:338.15px;top:285.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>158.8 </div><div id="a22283" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:400.07px;top:285.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>155.1 </div><div id="a22286" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:466.97px;top:285.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>15.6 </div><div id="a22289" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:524.09px;top:285.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>107.0 </div><div id="a22292" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:590.97px;top:285.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>77.5 </div><div id="a22295" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:652.93px;top:285.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>32.5 </div><div id="a22298" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:285.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>546.5 </div><div id="a22312" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:482.49px;top:311.88px;">31.12.23 vs 30.9.23 </div><div id="a22314" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:327.56px;">Credit and counterparty credit risk</div><div id="a22315" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:183.23px;top:328.52px;">1</div><div id="a22318" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:342.63px;top:327.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2.4) </div><div id="a22321" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:409.67px;top:327.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>5.8 </div><div id="a22324" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:471.77px;top:327.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.0 </div><div id="a22327" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:533.69px;top:327.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.6 </div><div id="a22330" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:590.65px;top:327.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>(4.5) </div><div id="a22333" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:652.61px;top:327.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>(0.5) </div><div id="a22336" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:714.69px;top:327.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1.0) </div><div id="a22339" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:343.24px;">Non-counterparty-related risk</div><div id="a22344" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:166.59px;top:344.2px;">2</div><div id="a22347" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:347.75px;top:343.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.0 </div><div id="a22350" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:404.55px;top:343.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>(0.1) </div><div id="a22353" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:471.77px;top:343.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.0 </div><div id="a22356" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:533.69px;top:343.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.1 </div><div id="a22359" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:590.65px;top:343.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>(0.3) </div><div id="a22362" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:657.73px;top:343.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>3.9 </div><div id="a22365" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:719.81px;top:343.24px;"><div 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style="display:inline-block;width:3.84px">&#160;</div></div><div id="a22445" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:21.28px;left:56.8px;top:470.6px;">Leverage ratio denominator </div><div id="a22447" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:519.88px;">During the fourth quarter<div style="display:inline-block;width:2.16px">&#160;</div>of 2023, the LRD<div style="display:inline-block;width:2.44px">&#160;</div>increased by USD 79.6bn<div style="display:inline-block;width:2.57px">&#160;</div>to USD 1,695.4bn, driven<div style="display:inline-block;width:2.31px">&#160;</div>by currency effects </div><div id="a22452" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:537.16px;">of USD 68.4bn and asset size and other movements<div style="display:inline-block;width:2.2px">&#160;</div>of USD 11.1bn.<div style="display:inline-block;width:3.52px">&#160;</div></div><div 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:613.41px;top:590.32px;">Asset size and<div style="display:inline-block;width:2.05px">&#160;</div></div><div id="a22476" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:646.21px;top:602px;">other </div><div id="a22478" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:700.61px;top:590.32px;">LRD as of<div style="display:inline-block;width:2.28px">&#160;</div></div><div id="a22480" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:701.57px;top:602px;">31.12.23 </div><div id="a22482" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:616.11px;">On-balance sheet exposures (excluding derivatives and securities<div style="display:inline-block;width:0.95px">&#160;</div>financing transactions) </div><div id="a22488" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:494.01px;top:616.11px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,242.4 </div><div id="a22491" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:575.93px;top:616.11px;"><div style="display:inline-block;width:2.4px">&#160;</div>59.2 </div><div id="a22494" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:646.05px;top:616.11px;"><div style="display:inline-block;width:2.4px">&#160;</div>27.5 </div><div id="a22497" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:703.97px;top:616.11px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,329.2 </div><div id="a22500" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:632.11px;">Derivatives </div><div id="a22503" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:501.21px;top:632.11px;"><div style="display:inline-block;width:2.4px">&#160;</div>143.5 </div><div id="a22506" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:580.73px;top:632.11px;"><div style="display:inline-block;width:2.4px">&#160;</div>2.2 </div><div id="a22509" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:640.93px;top:632.11px;"><div style="display:inline-block;width:2.4px">&#160;</div>(17.6) </div><div id="a22512" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:711.17px;top:632.11px;"><div style="display:inline-block;width:2.4px">&#160;</div>128.1 </div><div id="a22515" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:648.11px;">Securities financing transactions </div><div id="a22518" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:501.21px;top:648.11px;"><div style="display:inline-block;width:2.4px">&#160;</div>157.1 </div><div id="a22521" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:580.73px;top:648.11px;"><div style="display:inline-block;width:2.4px">&#160;</div>3.3 </div><div id="a22524" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:650.85px;top:648.11px;"><div style="display:inline-block;width:2.4px">&#160;</div>5.0 </div><div id="a22527" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:711.17px;top:648.11px;"><div style="display:inline-block;width:2.4px">&#160;</div>165.4 </div><div id="a22530" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:664.11px;">Off-balance sheet items </div><div id="a22535" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:506.01px;top:664.11px;"><div style="display:inline-block;width:2.4px">&#160;</div>80.4 </div><div id="a22538" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:580.73px;top:664.11px;"><div style="display:inline-block;width:2.4px">&#160;</div>3.3 </div><div id="a22541" style="position:absolute;font-family:&apos;Frutiger 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:715.49px;top:680.11px;"><div style="display:inline-block;width:2.4px">&#160;</div>(7.2) </div><div id="a22562" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:695.15px;">Total </div><div id="a22565" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:494.01px;top:695.15px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,615.8 </div><div id="a22568" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:575.93px;top:695.15px;"><div style="display:inline-block;width:2.4px">&#160;</div>68.4 </div><div id="a22571" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:646.05px;top:695.15px;"><div style="display:inline-block;width:2.4px">&#160;</div>11.1 </div><div id="a22574" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:703.97px;top:695.15px;"><div 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style="display:inline-block;width:9.7px">&#160;</div>excess<div style="display:inline-block;width:9.5px">&#160;</div>cash </div><div id="a22622" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:884.58px;">reinvestment trades. </div><div id="a22624" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:910.5px;">Off-balance sheet items decreased by USD 3.8bn,<div style="display:inline-block;width:2.31px">&#160;</div>mainly due to a decrease in guarantees and<div style="display:inline-block;width:2.48px">&#160;</div>commitments. </div><div id="a22635" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:16px;font-weight:bold;left:72px;top:925.81px;">&#8250;</div><div id="a22637" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:83.23px;top:929.55px;">Refer to the &#8220;Balance sheet and off-balance sheet&#8221; section of this report for more information about balance sheet </div><div id="a22641" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:83.23px;top:946.99px;">movements </div></div>
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<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:278.2px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:293.3px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:308.3px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:322.7px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1.3px; left:56.8px; top:337.8px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:243.1px; height:1px; left:56.4px; top:363.8px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:434px; height:1px; left:302.5px; top:363.8px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:379.1px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:394.1px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:409.1px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:424px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1px; left:56.4px; top:438.5px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:680.1px; height:1.9px; left:56.8px; top:453.7px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:678.2px; height:1px; left:56.4px; top:929.8px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:510.2px; height:1px; left:56.4px; top:942.1px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:80px; height:1px; left:570.6px; top:942.1px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:80px; height:1px; left:654.6px; top:942.1px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:510.2px; height:1px; left:56.4px; top:958.3px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:80px; height:1px; left:570.6px; top:958.3px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:80px; height:1px; left:654.7px; top:958.3px; border-top: 1px dotted #74726F; ">&#160;</div>
<div style="position:absolute; width:678.2px; height:1px; left:56.4px; top:973.8px; background-color:#74726F; ">&#160;</div>
<div style="position:absolute; width:678.2px; height:1.9px; left:56.8px; top:989.9px; background-color:#74726F; ">&#160;</div>
<div id="a22645" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a22647" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a22649" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Risk, capital, liquidity and funding, and balance<div style="display:inline-block;width:1.21px">&#160;</div>sheet | Capital management<div style="display:inline-block;width:157.85px">&#160;</div>46 </div><div id="a22656" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:59.36px;top:64.14px;">Leverage ratio denominator by business division and Group Items </div><div id="a22658" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:59.36px;top:103.54px;">USD bn 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:710.21px;top:147.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>128.1 </div><div id="a22742" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:162.76px;">Securities financing transactions </div><div id="a22745" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:342.95px;top:162.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>36.4 </div><div id="a22748" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:404.87px;top:162.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>28.3 </div><div id="a22751" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:471.77px;top:162.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.1 </div><div id="a22754" style="position:absolute;font-family:&apos;Frutiger 47 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style="display:inline-block;width:2.4px">&#160;</div>20.3 </div><div id="a22774" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:404.87px;top:177.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>38.5 </div><div id="a22777" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:471.77px;top:177.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.2 </div><div id="a22780" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:528.89px;top:177.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>18.3 </div><div id="a22783" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:595.77px;top:177.8px;"><div style="display:inline-block;width:2.44px">&#160;</div>1.6 </div><div id="a22786" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:657.73px;top:177.8px;"><div 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:657.73px;top:265.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>2.1 </div><div id="a22900" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:265.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>143.5 </div><div id="a22903" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:280.2px;">Securities financing transactions </div><div id="a22906" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:342.95px;top:280.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>23.1 </div><div id="a22909" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:404.87px;top:280.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>12.5 </div><div id="a22912" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:471.77px;top:280.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.1 </div><div id="a22915" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:528.89px;top:280.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>41.3 </div><div id="a22918" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:595.77px;top:280.2px;"><div style="display:inline-block;width:2.44px">&#160;</div>5.0 </div><div id="a22921" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:652.93px;top:280.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>75.1 </div><div id="a22924" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:280.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>157.1 </div><div id="a22927" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:295.08px;">Off-balance sheet items </div><div id="a22932" style="position:absolute;font-family:&apos;Frutiger 47 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style="display:inline-block;width:2.4px">&#160;</div>(0.4) </div><div id="a22968" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:590.65px;top:310.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>(0.6) </div><div id="a22971" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:652.61px;top:310.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>(5.4) </div><div id="a22974" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:714.69px;top:310.12px;"><div style="display:inline-block;width:2.4px">&#160;</div>(7.6) </div><div id="a22977" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:324.84px;">Total </div><div id="a22980" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:338.15px;top:324.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>472.0 </div><div id="a22983" style="position:absolute;font-family:&apos;Frutiger 47 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style="display:inline-block;width:2.4px">&#160;</div>17.3 </div><div id="a23023" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:585.69px;top:366px;"><div style="display:inline-block;width:2.4px">&#160;</div>(20.9) </div><div id="a23026" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:652.93px;top:366px;"><div style="display:inline-block;width:2.4px">&#160;</div>71.1 </div><div id="a23029" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.01px;top:366px;"><div style="display:inline-block;width:2.4px">&#160;</div>86.7 </div><div id="a23032" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:381.04px;">Derivatives </div><div id="a23035" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:347.75px;top:381.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.1 </div><div id="a23038" style="position:absolute;font-family:&apos;Frutiger 47 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at </div><div id="a23233" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;font-style:italic;left:168.35px;top:879.15px;">ubs.com/investors</div><div id="a23234" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:270.95px;top:879.15px;">, for more information about the LCR </div><div id="a23239" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:59.36px;top:913.71px;">Liquidity coverage ratio </div><div id="a23245" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:59.36px;top:930.71px;">USD bn, except where indicated</div><div id="a23248" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:592.73px;top:930.71px;">Average 4Q23</div><div id="a23249" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;color:#9A3D37;left:645.57px;top:931.67px;">1</div><div id="a23252" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:676.77px;top:930.71px;">Average 3Q23</div><div id="a23253" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:729.41px;top:931.67px;">1</div><div id="a23255" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:944.63px;">High-quality liquid assets</div><div id="a23260" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:624.29px;top:944.63px;"><div style="display:inline-block;width:2.4px">&#160;</div>415.6</div><div id="a23264" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:708.29px;top:944.63px;"><div style="display:inline-block;width:2.4px">&#160;</div>367.5</div><div id="a23267" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:960.63px;">Net cash outflows</div><div id="a23268" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:124.99px;top:961.59px;">2</div><div id="a23271" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:624.29px;top:960.63px;"><div style="display:inline-block;width:2.4px">&#160;</div>192.8</div><div id="a23275" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:708.29px;top:960.63px;"><div style="display:inline-block;width:2.4px">&#160;</div>187.3</div><div id="a23278" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:976.31px;">Liquidity coverage ratio (%)</div><div id="a23279" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:159.87px;top:977.27px;">3</div><div id="a23282" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:624.29px;top:976.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>215.7</div><div id="a23286" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:708.29px;top:976.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>196.5</div><div id="a23289" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:991.87px;">1 Calculated based on an average of 63<div style="display:inline-block;width:3.44px">&#160;</div>data points in the fourth quarter of 2023 and 63<div style="display:inline-block;width:3.48px">&#160;</div>data points in the third quarter of 2023.<div style="display:inline-block;width:9.62px">&#160;</div>2 Represents the net cash outflows expected over a stress period<div style="display:inline-block;width:3.54px">&#160;</div>of 30 calendar </div><div id="a23292" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:1001.95px;">days.<div style="display:inline-block;width:8.65px">&#160;</div>3 Calculated after the application of haircuts and inflow and outflow rates, as well as,<div style="display:inline-block;width:3.55px">&#160;</div>where applicable, caps on Level 2 assets and cash inflows. </div></div>
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<div id="a23297" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a23299" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a23301" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Risk, capital, liquidity and funding, and balance<div style="display:inline-block;width:1.21px">&#160;</div>sheet | Liquidity and funding management<div style="display:inline-block;width:96.77px">&#160;</div>47 </div><div id="a23307" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;color:#E60000;left:56.8px;top:46.03px;">Net stable funding ratio<div style="display:inline-block;width:2.97px">&#160;</div></div><div id="a23309" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:72.45px;">As of<div style="display:inline-block;width:2.49px">&#160;</div>31 December 2023,<div style="display:inline-block;width:2.19px">&#160;</div>the net<div style="display:inline-block;width:2.41px">&#160;</div>stable funding<div style="display:inline-block;width:2.39px">&#160;</div>ratio (the<div style="display:inline-block;width:2.36px">&#160;</div>NSFR) of<div style="display:inline-block;width:2.43px">&#160;</div>the UBS<div style="display:inline-block;width:2.51px">&#160;</div>Group increased<div style="display:inline-block;width:2.3px">&#160;</div>3.4 percentage points </div><div id="a23318" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:89.73px;">to 124.1%, remaining above the prudential<div style="display:inline-block;width:2.46px">&#160;</div>requirement communicated by FINMA.<div style="display:inline-block;width:2.66px">&#160;</div></div><div id="a23323" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:115.68px;">Available<div style="display:inline-block;width:6.28px">&#160;</div>stable<div style="display:inline-block;width:6.23px">&#160;</div>funding<div style="display:inline-block;width:6.15px">&#160;</div>increased<div style="display:inline-block;width:6.17px">&#160;</div>by<div style="display:inline-block;width:6.24px">&#160;</div>USD 55.7bn<div style="display:inline-block;width:6.15px">&#160;</div>to<div style="display:inline-block;width:6.36px">&#160;</div>USD 928.4bn,<div style="display:inline-block;width:6.02px">&#160;</div>reflecting<div style="display:inline-block;width:6.02px">&#160;</div>higher<div style="display:inline-block;width:6.29px">&#160;</div>customer<div style="display:inline-block;width:6.22px">&#160;</div>deposits,<div style="display:inline-block;width:5.98px">&#160;</div>debt </div><div id="a23329" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:133.12px;">securities<div style="display:inline-block;width:7.33px">&#160;</div>issued<div style="display:inline-block;width:7.37px">&#160;</div>and<div style="display:inline-block;width:7.38px">&#160;</div>regulatory<div style="display:inline-block;width:7.24px">&#160;</div>capital.<div style="display:inline-block;width:7.22px">&#160;</div>Required<div style="display:inline-block;width:7.35px">&#160;</div>stable<div style="display:inline-block;width:7.35px">&#160;</div>funding<div style="display:inline-block;width:7.11px">&#160;</div>increased<div style="display:inline-block;width:7.29px">&#160;</div>by<div style="display:inline-block;width:7.45px">&#160;</div>USD 25.3bn<div style="display:inline-block;width:7.24px">&#160;</div>to<div style="display:inline-block;width:7.48px">&#160;</div>USD 748.2bn, </div><div id="a23344" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:150.4px;">predominantly reflecting higher trading and<div style="display:inline-block;width:2.49px">&#160;</div>lending assets. </div><div id="a23348" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:16px;font-weight:bold;left:72px;top:165.71px;">&#8250;</div><div id="a23350" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:83.23px;top:169.45px;">Refer to the 31 December 2023 Pillar 3 report, which will be available as of 28 March 2024 under &#8220;Pillar 3 </div><div id="a23365" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:83.23px;top:186.73px;">disclosures&#8221; 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<div id="a23762" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a23764" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a23766" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Risk, capital, liquidity and funding, and balance<div style="display:inline-block;width:1.21px">&#160;</div>sheet | Balance sheet and off-balance sheet<div style="display:inline-block;width:93.05px">&#160;</div>48 </div><div id="a23774" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;color:#E60000;left:56.8px;top:46.03px;">Balance sheet liabilities (31 December<div style="display:inline-block;width:2.55px">&#160;</div>2023 vs 30 September 2023) </div><div id="a23776" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:72.45px;">Total liabilities<div style="display:inline-block;width:2.19px">&#160;</div>were USD 1,629.8bn<div style="display:inline-block;width:1.95px">&#160;</div>as of<div style="display:inline-block;width:2.41px">&#160;</div>31 December 2023.<div style="display:inline-block;width:2.07px">&#160;</div>The increase<div style="display:inline-block;width:2.28px">&#160;</div>of USD 70.9bn<div style="display:inline-block;width:2.13px">&#160;</div>included currency<div style="display:inline-block;width:2.01px">&#160;</div>effects </div><div id="a23791" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:89.73px;">of approximately USD 56.1bn. </div><div id="a23799" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:115.68px;">Customer deposits<div style="display:inline-block;width:5.25px">&#160;</div>increased by<div style="display:inline-block;width:5.46px">&#160;</div>USD 58.9bn, including currency<div style="display:inline-block;width:5.83px">&#160;</div>effects of<div style="display:inline-block;width:5.39px">&#160;</div>approximately USD 32.4bn. 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id="a23879" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:579.29px;top:311.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>109.5 </div><div id="a23882" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:639.33px;top:311.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>106.5 </div><div id="a23886" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:727.01px;top:311.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>3 </div><div id="a23889" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:324.68px;">Securities financing transactions at amortized cost </div><div id="a23892" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:584.09px;top:324.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>14.4 </div><div id="a23895" style="position:absolute;font-family:&apos;Frutiger 47 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:584.09px;top:413.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>29.5 </div><div id="a23989" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:644.13px;top:413.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>33.3 </div><div id="a23993" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:717.09px;top:413.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>(11) </div><div id="a23996" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:426.16px;">Non-financial liabilities </div><div id="a24001" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:584.09px;top:426.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>25.4 </div><div id="a24004" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:644.13px;top:426.16px;"><div 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<div id="a24280" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a24282" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a24284" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Risk, capital, liquidity and funding, and balance<div style="display:inline-block;width:1.21px">&#160;</div>sheet | Balance sheet and off-balance sheet<div style="display:inline-block;width:93.05px">&#160;</div>49 </div><div id="a24292" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;color:#E60000;left:56.8px;top:46.03px;">Off-balance sheet (31 December 2023 vs<div style="display:inline-block;width:2.54px">&#160;</div>30 September 2023) </div><div id="a24296" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:72.45px;">Guarantees increased<div style="display:inline-block;width:6.05px">&#160;</div>by USD 8.9bn,<div style="display:inline-block;width:6.11px">&#160;</div>mainly in<div style="display:inline-block;width:6.02px">&#160;</div>Group Treasury,<div style="display:inline-block;width:9.1px">&#160;</div>relating to<div style="display:inline-block;width:6.35px">&#160;</div>sponsored repo<div style="display:inline-block;width:6.57px">&#160;</div>clearing. 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<div id="a24534" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a24536" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a24538" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Risk, capital, liquidity and funding, and balance<div style="display:inline-block;width:1.21px">&#160;</div>sheet | Share information and earnings per share<div style="display:inline-block;width:70.07px">&#160;</div>50 </div><div id="a24546" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:442.01px;top:45.14px;">As of or for the quarter ended</div><div id="a24549" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:620.13px;top:45.14px;">As of or for the year ended</div><div id="a24553" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:426.49px;top:57.62px;">31.12.23</div><div id="a24555" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:495.45px;top:57.62px;">30.9.23</div><div id="a24556" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:524.25px;top:58.57px;">1</div><div id="a24558" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:560.57px;top:57.62px;">31.12.22</div><div id="a24561" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:632.61px;top:57.62px;">31.12.23</div><div id="a24563" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:699.49px;top:57.62px;">31.12.22</div><div id="a24573" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:59.36px;top:80.02px;">Basic and diluted earnings (USD m)</div><div id="a24582" style="position:absolute;font-family:&apos;Frutiger 47 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:637.41px;top:117.49px;"><div style="display:inline-block;width:2.4px">&#160;</div>29,027</div><div id="a24637" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:709.09px;top:117.49px;"><div style="display:inline-block;width:2.4px">&#160;</div>7,630</div><div id="a24648" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:59.36px;top:135.56px;">Weighted average shares outstanding</div><div id="a24657" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:147.88px;">Weighted average shares outstanding for basic EPS</div><div id="a24658" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:245.79px;top:148.84px;">2</div><div id="a24661" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:402.31px;top:147.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,225,500,133</div><div id="a24664" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:469.53px;top:147.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,229,878,446</div><div id="a24667" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:536.57px;top:147.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,141,689,290</div><div id="a24671" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:608.61px;top:147.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,152,579,449</div><div id="a24674" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:675.49px;top:147.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,260,938,561</div><div id="a24677" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:160.52px;">Effect of dilutive potential shares resulting from notional<div style="display:inline-block;width:0.96px">&#160;</div>employee shares, in-the-money </div><div id="a24682" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:172.2px;">options and warrants outstanding</div><div id="a24683" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:182.59px;top:173.16px;">3</div><div id="a24686" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:423.59px;top:172.2px;"><div style="display:inline-block;width:2.43px">&#160;</div>123,601</div><div id="a24688" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;color:#9A3D37;left:457.21px;top:173.16px;">4 </div><div id="a24690" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:490.65px;top:172.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>380,852</div><div id="a24692" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:524.25px;top:173.16px;">4 </div><div id="a24694" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:543.77px;top:172.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>136,909,896</div><div id="a24698" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:615.81px;top:172.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>143,416,753</div><div id="a24701" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:682.69px;top:172.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>136,531,654</div><div id="a24704" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:184.52px;">Weighted average shares outstanding for diluted EPS</div><div id="a24708" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:402.31px;top:184.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,225,623,734</div><div id="a24711" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:469.53px;top:184.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,230,259,298</div><div id="a24714" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:536.57px;top:184.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,278,599,186</div><div id="a24718" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:608.61px;top:184.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,295,996,202</div><div id="a24721" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:675.49px;top:184.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,397,470,215</div><div id="a24732" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:59.36px;top:202.6px;">Earnings per share (USD)</div><div id="a24741" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:214.92px;">Basic</div><div id="a24744" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:435.61px;top:214.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(0.09)</div><div id="a24747" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:502.81px;top:214.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(0.22)</div><div id="a24750" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:574.97px;top:214.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.53</div><div id="a24754" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:647.01px;top:214.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>9.21</div><div id="a24757" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:713.89px;top:214.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>2.34</div><div id="a24760" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:227.72px;">Diluted</div><div id="a24763" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:435.61px;top:227.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>(0.09)</div><div id="a24766" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:502.81px;top:227.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>(0.22)</div><div id="a24769" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:574.97px;top:227.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>0.50</div><div id="a24773" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:647.01px;top:227.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>8.81</div><div id="a24776" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:713.89px;top:227.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>2.25</div><div id="a24787" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:59.36px;top:245.64px;">Shares outstanding and potentially dilutive instruments</div><div id="a24796" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:257.96px;">Shares issued</div><div id="a24799" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:402.31px;top:257.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,462,087,722</div><div id="a24802" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:469.53px;top:257.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,462,087,722</div><div id="a24805" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:536.57px;top:257.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,524,635,722</div><div id="a24809" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:608.61px;top:257.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,462,087,722</div><div id="a24812" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:675.49px;top:257.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,524,635,722</div><div id="a24815" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:270.76px;">Treasury shares</div><div id="a24816" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:115.39px;top:271.72px;">5</div><div id="a24819" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:409.67px;top:270.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>253,233,437</div><div id="a24822" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:476.73px;top:270.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>228,822,625</div><div id="a24825" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:543.77px;top:270.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>416,909,010</div><div id="a24829" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:615.81px;top:270.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>253,233,437</div><div id="a24832" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:682.69px;top:270.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>416,909,010</div><div id="a24835" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:283.4px;">of which: related to the 2021 share repurchase program</div><div id="a24841" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:548.57px;top:283.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>62,548,000</div><div id="a24846" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:687.49px;top:283.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>62,548,000</div><div id="a24849" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:296.04px;">of which: related to the 2022 share repurchase program</div><div id="a24852" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:409.67px;top:296.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>120,506,008</div><div id="a24855" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:476.73px;top:296.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>120,506,008</div><div id="a24858" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:543.77px;top:296.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>233,901,950</div><div id="a24862" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:615.81px;top:296.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>120,506,008</div><div id="a24865" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:682.69px;top:296.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>233,901,950</div><div id="a24868" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:308.84px;">Shares outstanding</div><div id="a24871" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:402.31px;top:308.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,208,854,285</div><div id="a24874" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:469.53px;top:308.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,233,265,097</div><div id="a24877" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:536.57px;top:308.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,107,726,712</div><div id="a24881" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:608.61px;top:308.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,208,854,285</div><div id="a24884" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:675.49px;top:308.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,107,726,712</div><div id="a24887" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:321.16px;">Potentially dilutive instruments</div><div id="a24888" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:171.07px;top:322.12px;">6</div><div id="a24891" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:406.79px;top:321.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>163,417,391</div><div id="a24893" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;color:#9A3D37;left:457.21px;top:322.12px;">4 </div><div id="a24895" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:473.85px;top:321.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>160,925,793</div><div id="a24897" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:524.25px;top:322.12px;">4 </div><div id="a24899" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:553.37px;top:321.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,873,046</div><div id="a24903" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:625.41px;top:321.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,638,817</div><div id="a24906" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:692.29px;top:321.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,873,046</div><div id="a24917" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:59.36px;top:339.08px;">Other key figures</div><div id="a24926" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:351.56px;">Total book value per share (USD)</div><div id="a24929" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:436.09px;top:351.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>27.20</div><div id="a24932" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:503.13px;top:351.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>26.27</div><div id="a24935" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:570.17px;top:351.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>18.30</div><div id="a24939" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:642.21px;top:351.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>27.20</div><div id="a24942" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:709.09px;top:351.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>18.30</div><div id="a24945" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:364.24px;">Tangible book value per share (USD)</div><div id="a24948" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:436.09px;top:364.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>24.86</div><div id="a24951" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:503.13px;top:364.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>23.96</div><div id="a24954" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:570.17px;top:364.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>16.28</div><div id="a24958" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:642.21px;top:364.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>24.86</div><div id="a24961" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:709.09px;top:364.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>16.28</div><div id="a24964" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:376.88px;">Share price (USD)</div><div id="a24965" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:122.91px;top:377.84px;">7</div><div id="a24968" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:436.09px;top:376.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>31.01</div><div id="a24971" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:503.13px;top:376.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>24.77</div><div id="a24974" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:570.17px;top:376.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>18.61</div><div id="a24978" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:642.21px;top:376.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>31.01</div><div id="a24981" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:709.09px;top:376.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>18.61</div><div id="a24984" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:389.68px;">Market capitalization (USD m)</div><div id="a24985" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:168.51px;top:390.64px;">8</div><div id="a24988" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:426.49px;top:389.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>107,355</div><div id="a24991" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:498.33px;top:389.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>85,768</div><div id="a24994" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:565.37px;top:389.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>65,608</div><div id="a24998" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:632.61px;top:389.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>107,355</div><div id="a25001" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:704.29px;top:389.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>65,608</div><div id="a25004" style="position:absolute;font-family:&apos;Frutiger 47 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Refer to &#8220;Accounting for the acquisition of the<div style="display:inline-block;width:0.47px">&#160;</div>Credit Suisse Group&#8221; in the &#8220;Consolidated<div style="display:inline-block;width:0.97px">&#160;</div>financial information&#8221; section of this report for more information.<div style="display:inline-block;width:6.21px">&#160;</div>2 The </div><div id="a25011" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:413.73px;">weighted average shares outstanding for basic earnings<div style="display:inline-block;width:3.57px">&#160;</div>per share (EPS) are calculated by taking the<div style="display:inline-block;width:3.44px">&#160;</div>number of shares at the beginning of the period,<div style="display:inline-block;width:3.55px">&#160;</div>adjusted by the number of shares acquired or<div style="display:inline-block;width:3.46px">&#160;</div>issued during the </div><div id="a25014" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:423.81px;">period, multiplied by a time-weighted factor<div style="display:inline-block;width:3.55px">&#160;</div>for the period outstanding. 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For<div style="display:inline-block;width:4px">&#160;</div>the quarter ended<div style="display:inline-block;width:3.54px">&#160;</div>31 December 2023,<div style="display:inline-block;width:4.03px">&#160;</div>it also </div><div id="a25039" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:484.61px;">includes 155,065,831 weighted average<div style="display:inline-block;width:3.66px">&#160;</div>potential shares from unvested<div style="display:inline-block;width:3.51px">&#160;</div>notional share awards that<div style="display:inline-block;width:3.76px">&#160;</div>were not included in<div style="display:inline-block;width:3.53px">&#160;</div>the calculation of diluted EPS<div style="display:inline-block;width:3.69px">&#160;</div>as they were not<div style="display:inline-block;width:3.54px">&#160;</div>dilutive (30 September 2023: 148,423,317 </div><div id="a25043" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:494.69px;">weighted average potential shares).<div style="display:inline-block;width:7.86px">&#160;</div>7 Represents the share price as listed on the SIX Swiss Exchange, translated to US dollars using the closing exchange rate as of the respective date.<div style="display:inline-block;width:7.39px">&#160;</div>8 The calculation of market </div><div id="a25046" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:504.77px;">capitalization has been amended in the<div style="display:inline-block;width:3.55px">&#160;</div>second quarter of 2023 to<div style="display:inline-block;width:3.42px">&#160;</div>reflect total shares issued multiplied<div style="display:inline-block;width:3.51px">&#160;</div>by the share price at the<div style="display:inline-block;width:3.65px">&#160;</div>end of the period. The<div style="display:inline-block;width:3.54px">&#160;</div>calculation was previously based on<div style="display:inline-block;width:3.71px">&#160;</div>total shares outstanding </div><div id="a25050" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:515.01px;">multiplied by the share price at the end of the period. Market capitalization has been increased by USD<div style="display:inline-block;width:3.44px">&#160;</div>7.8bn as of 31 December 2022 as a result. </div><div id="a25055" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:59.36px;top:544.85px;">Ticker symbols UBS Group AG </div><div id="a25058" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:407.43px;top:544.85px;">Security identification codes </div><div id="a25060" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:563.92px;">Trading exchange</div><div id="a25062" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:216.51px;top:563.92px;">SIX / NYSE</div><div id="a25064" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:279.43px;top:563.92px;">Bloomberg</div><div id="a25066" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:347.43px;top:563.92px;">Reuters</div><div id="a25069" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:407.43px;top:563.92px;">ISIN</div><div id="a25072" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:573.53px;top:563.92px;">CH0244767585</div><div id="a25074" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:580.72px;">SIX Swiss Exchange</div><div id="a25076" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:216.51px;top:580.72px;">UBSG</div><div id="a25078" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:279.43px;top:580.72px;">UBSG SW</div><div id="a25080" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:347.43px;top:580.72px;">UBSG.S</div><div id="a25083" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:407.43px;top:580.72px;">Valoren</div><div id="a25086" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:573.53px;top:580.72px;">24 476 758</div><div id="a25088" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:597.52px;">New York Stock Exchange</div><div id="a25090" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:216.51px;top:597.52px;">UBS</div><div id="a25092" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:279.43px;top:597.52px;">UBS UN</div><div id="a25094" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:347.43px;top:597.52px;">UBS.N</div><div id="a25097" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:407.43px;top:597.52px;">CUSIP</div><div id="a25100" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:573.53px;top:597.52px;">CINS H42097 10 7</div></div>
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<div id="a25103" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a25105" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a25107" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Consolidated financial information<div style="display:inline-block;width:334.38px">&#160;</div>51 </div><div id="a25111" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:48px;left:56.8px;top:42.19px;">Consolidated financial </div><div id="a25112" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:48px;left:56.8px;top:92.93px;">information </div><div id="a25114" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:16px;left:56.8px;top:176.49px;">Unaudited </div><div id="a25118" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:230.4px;">Information<div style="display:inline-block;width:6.87px">&#160;</div>in<div style="display:inline-block;width:7.28px">&#160;</div>this<div style="display:inline-block;width:7.19px">&#160;</div>section<div style="display:inline-block;width:6.87px">&#160;</div>is<div style="display:inline-block;width:7.23px">&#160;</div>presented<div style="display:inline-block;width:7.19px">&#160;</div>for<div style="display:inline-block;width:7.11px">&#160;</div>UBS<div style="display:inline-block;width:7.1px">&#160;</div>Group<div style="display:inline-block;width:7.35px">&#160;</div>AG<div style="display:inline-block;width:7.16px">&#160;</div>and<div style="display:inline-block;width:7.06px">&#160;</div>its<div style="display:inline-block;width:7.18px">&#160;</div>subsidiaries<div style="display:inline-block;width:6.8px">&#160;</div>(together,<div style="display:inline-block;width:8.23px">&#160;</div>the<div style="display:inline-block;width:7.16px">&#160;</div>Group)<div style="display:inline-block;width:7.11px">&#160;</div>on<div style="display:inline-block;width:7.22px">&#160;</div>a </div><div id="a25119" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:247.84px;">consolidated basis unless<div style="display:inline-block;width:2.52px">&#160;</div>otherwise specified and<div style="display:inline-block;width:2.54px">&#160;</div>is presented in US dollars.<div style="display:inline-block;width:2.26px">&#160;</div>In preparing this financial<div style="display:inline-block;width:2.54px">&#160;</div>information, </div><div id="a25120" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:265.12px;">the same<div style="display:inline-block;width:2.36px">&#160;</div>accounting policies<div style="display:inline-block;width:1.92px">&#160;</div>and methods<div style="display:inline-block;width:2.27px">&#160;</div>of computation<div style="display:inline-block;width:2.25px">&#160;</div>have been<div style="display:inline-block;width:2.19px">&#160;</div>applied as<div style="display:inline-block;width:2.3px">&#160;</div>in the<div style="display:inline-block;width:2.37px">&#160;</div>UBS Group<div style="display:inline-block;width:2.53px">&#160;</div>AG consolidated </div><div id="a25122" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:282.4px;">annual Financial Statements for the period<div style="display:inline-block;width:5.26px">&#160;</div>ended 31 December 2022, except for the<div style="display:inline-block;width:5.58px">&#160;</div>changes described in &#8220;Note </div><div id="a25125" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:299.84px;">1 Basis<div style="display:inline-block;width:6.02px">&#160;</div>of accounting&#8221;<div style="display:inline-block;width:5.87px">&#160;</div>in the<div style="display:inline-block;width:5.89px">&#160;</div>&#8220;Consolidated financial<div style="display:inline-block;width:5.55px">&#160;</div>statements&#8221; section<div style="display:inline-block;width:5.68px">&#160;</div>of the<div style="display:inline-block;width:6.09px">&#160;</div>first, second<div style="display:inline-block;width:5.96px">&#160;</div>and third<div style="display:inline-block;width:6.27px">&#160;</div>quarter </div><div id="a25127" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:317.12px;">2023 reports. The financial information presented is unaudited and does not constitute an interim financial report </div><div id="a25131" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:334.4px;">prepared in accordance<div style="display:inline-block;width:5.38px">&#160;</div>with IAS 34, </div><div id="a25132" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-style:italic;left:280.87px;top:334.13px;">Interim Financial Reporting</div><div id="a25133" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:441.37px;top:334.4px;">. 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<div id="a25140" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a25142" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a25144" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Consolidated financial information | UBS Group<div style="display:inline-block;width:1.27px">&#160;</div>AG interim consolidated financial information<div style="display:inline-block;width:1.25px">&#160;</div>(unaudited)<div style="display:inline-block;width:31.24px">&#160;</div>52 </div><div id="a25150" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:29.28px;left:56.8px;top:44.2px;">UBS Group AG interim consolidated financial </div><div id="a25151" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:29.28px;left:56.8px;top:76.2px;">information (unaudited) </div><div id="a25155" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:59.36px;top:141.13px;">Income statement </div><div id="a25166" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:496.89px;top:159.88px;">For the quarter ended </div><div id="a25169" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:643.81px;top:159.88px;">For the year ended </div><div id="a25171" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:59.36px;top:175.56px;">USD m </div><div id="a25174" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:472.57px;top:175.56px;">31.12.23 </div><div id="a25176" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:529.37px;top:175.56px;">30.9.23</div><div id="a25177" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:558.17px;top:176.52px;">1</div><div id="a25179" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:582.49px;top:175.56px;">31.12.22 </div><div id="a25182" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:641.57px;top:175.56px;">31.12.23 </div><div id="a25184" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:696.61px;top:175.56px;">31.12.22 </div><div id="a25186" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:189.48px;">Interest income from financial instruments measured at<div style="display:inline-block;width:1.06px">&#160;</div>amortized cost and fair value through </div><div id="a25188" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:201.16px;">other comprehensive income </div><div id="a25191" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:477.37px;top:201.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>10,036 </div><div id="a25194" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:537.05px;top:201.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>9,932 </div><div id="a25197" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:592.09px;top:201.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,180 </div><div id="a25201" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:646.37px;top:201.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>31,743 </div><div id="a25204" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:701.41px;top:201.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>11,782 </div><div id="a25207" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:215.56px;">Interest expense from financial instruments measured at<div style="display:inline-block;width:1.04px">&#160;</div>amortized cost </div><div id="a25210" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:476.89px;top:217.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>(9,440) </div><div id="a25213" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:531.93px;top:217.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>(9,082) </div><div id="a25216" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:586.97px;top:217.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2,954) </div><div id="a25220" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:641.25px;top:217.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>(28,216) </div><div id="a25223" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:701.09px;top:217.16px;"><div style="display:inline-block;width:2.4px">&#160;</div>(6,564) </div><div id="a25226" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:231.56px;">Net interest income from financial instruments measured<div style="display:inline-block;width:1.05px">&#160;</div>at fair value through profit or loss and other </div><div id="a25229" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:482.17px;top:231.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,498 </div><div id="a25232" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:537.05px;top:231.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,257 </div><div id="a25235" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:599.33px;top:231.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>363 </div><div id="a25239" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:651.17px;top:231.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,770 </div><div id="a25242" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:706.21px;top:231.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,403 </div><div id="a25245" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:247.24px;">Net interest income </div><div id="a25248" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:482.17px;top:248.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,095 </div><div id="a25251" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:537.05px;top:248.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,107 </div><div id="a25254" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:592.09px;top:248.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,589 </div><div id="a25258" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:651.17px;top:248.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>7,297 </div><div id="a25261" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:706.21px;top:248.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>6,621 </div><div id="a25264" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:263.24px;">Other net income from financial instruments measured<div style="display:inline-block;width:1.05px">&#160;</div>at fair value through profit or loss </div><div id="a25268" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:482.17px;top:264.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,158 </div><div id="a25271" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:537.05px;top:264.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,226 </div><div id="a25274" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:592.09px;top:264.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,876 </div><div id="a25278" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:646.37px;top:264.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>11,583 </div><div id="a25281" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:706.21px;top:264.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>7,517 </div><div id="a25284" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:279.24px;">Fee and commission income </div><div id="a25287" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:482.17px;top:280.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>6,409 </div><div id="a25290" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:537.05px;top:280.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>6,669 </div><div id="a25293" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:592.09px;top:280.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,771 </div><div id="a25297" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:646.37px;top:280.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>23,766 </div><div id="a25300" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:701.41px;top:280.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>20,789 </div><div id="a25303" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:295.24px;">Fee and commission expense </div><div id="a25306" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:484.09px;top:296.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(629) </div><div id="a25309" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:539.13px;top:296.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(613) </div><div id="a25312" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:594.17px;top:296.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(413) </div><div id="a25316" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:646.05px;top:296.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2,195) </div><div id="a25319" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:701.09px;top:296.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1,823) </div><div id="a25322" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:310.92px;">Net fee and commission income </div><div id="a25325" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:482.17px;top:312.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,780 </div><div id="a25328" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:537.05px;top:312.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>6,056 </div><div id="a25331" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:592.09px;top:312.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,359 </div><div id="a25335" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:646.37px;top:312.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>21,570 </div><div id="a25338" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:701.41px;top:312.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>18,966 </div><div id="a25341" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:326.92px;">Other income </div><div id="a25344" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:484.09px;top:328.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>(179) </div><div id="a25347" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:544.25px;top:328.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>305 </div><div id="a25350" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:599.33px;top:328.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>206 </div><div id="a25354" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:658.37px;top:328.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>384 </div><div id="a25357" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:706.21px;top:328.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,459 </div><div id="a25360" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:343.24px;">Total revenues </div><div id="a25363" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:477.37px;top:344.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>10,855 </div><div id="a25366" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:532.25px;top:344.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>11,695 </div><div id="a25369" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:592.09px;top:344.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>8,029 </div><div id="a25373" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:646.37px;top:344.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>40,834 </div><div id="a25376" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:701.41px;top:344.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>34,563 </div><div id="a25379" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:359.56px;">Negative goodwill </div><div id="a25386" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:646.37px;top:361.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>28,925 </div><div id="a25398" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:383.92px;">Credit loss expense / (release) </div><div id="a25402" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:489.37px;top:383.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>136 </div><div id="a25405" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:544.25px;top:383.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>239 </div><div id="a25408" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:608.93px;top:383.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>7 </div><div id="a25412" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:651.17px;top:383.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,037 </div><div id="a25415" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:718.21px;top:383.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>29 </div><div id="a25426" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:408.24px;">Personnel expenses </div><div id="a25429" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:482.17px;top:410px;"><div style="display:inline-block;width:2.4px">&#160;</div>7,061 </div><div id="a25432" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:537.05px;top:410px;"><div style="display:inline-block;width:2.4px">&#160;</div>7,567 </div><div id="a25435" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:592.09px;top:410px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,122 </div><div id="a25439" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:646.37px;top:410px;"><div style="display:inline-block;width:2.4px">&#160;</div>24,899 </div><div id="a25442" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:701.41px;top:410px;"><div style="display:inline-block;width:2.4px">&#160;</div>17,680 </div><div id="a25445" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:424.24px;">General and administrative expenses </div><div id="a25448" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:482.17px;top:426px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,999 </div><div id="a25451" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:537.05px;top:426px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,124 </div><div id="a25454" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:592.09px;top:426px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,420 </div><div id="a25458" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:646.37px;top:426px;"><div style="display:inline-block;width:2.4px">&#160;</div>10,156 </div><div id="a25461" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:706.21px;top:426px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,189 </div><div id="a25464" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:440.24px;">Depreciation, amortization and impairment of non-financial<div style="display:inline-block;width:0.9px">&#160;</div>assets </div><div id="a25469" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:482.17px;top:442px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,409 </div><div id="a25472" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:544.25px;top:442px;"><div style="display:inline-block;width:2.4px">&#160;</div>950 </div><div id="a25475" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:599.33px;top:442px;"><div style="display:inline-block;width:2.4px">&#160;</div>543 </div><div id="a25479" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:651.17px;top:442px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,750 </div><div id="a25482" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:706.21px;top:442px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,061 </div><div id="a25485" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:456.56px;">Operating expenses </div><div id="a25488" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:477.37px;top:458.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>11,470 </div><div id="a25491" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:532.25px;top:458.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>11,640 </div><div id="a25494" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:592.09px;top:458.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>6,085 </div><div id="a25498" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:646.37px;top:458.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>38,806 </div><div id="a25501" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:701.41px;top:458.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>24,930 </div><div id="a25504" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:473.68px;">Operating profit / (loss) before tax </div><div id="a25507" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:484.09px;top:475.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>(751) </div><div id="a25510" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:539.13px;top:475.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>(184) </div><div id="a25513" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:592.09px;top:475.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,937 </div><div id="a25517" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:646.37px;top:475.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>29,916 </div><div id="a25520" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:706.21px;top:475.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>9,604 </div><div id="a25523" style="position:absolute;font-family:&apos;Frutiger 47 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style="display:inline-block;width:2.4px">&#160;</div>7,661 </div><div id="a25561" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:522.96px;">Net profit / (loss) attributable to non-controlling interests </div><div id="a25566" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:498.97px;top:524.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>1 </div><div id="a25569" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:553.85px;top:524.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>4 </div><div id="a25572" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:608.93px;top:524.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>4 </div><div id="a25576" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:663.17px;top:524.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>16 </div><div id="a25579" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:718.21px;top:524.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>32 </div><div id="a25582" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:538.96px;">Net profit / (loss) attributable to shareholders </div><div id="a25585" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:484.09px;top:540.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>(279) </div><div id="a25588" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:539.13px;top:540.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>(715) </div><div id="a25591" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:592.09px;top:540.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,653 </div><div id="a25595" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:646.37px;top:540.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>29,027 </div><div id="a25598" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:706.21px;top:540.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>7,630 </div><div id="a25609" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;color:#9A3D37;left:59.36px;top:566px;">Earnings per share (USD) </div><div id="a25618" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:581.68px;">Basic </div><div id="a25621" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:481.69px;top:581.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(0.09) </div><div id="a25624" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:536.73px;top:581.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(0.22) </div><div id="a25627" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:596.89px;top:581.68px;"><div style="display:inline-block;width:2.44px">&#160;</div>0.53 </div><div id="a25631" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:655.97px;top:581.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>9.21 </div><div id="a25634" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:711.01px;top:581.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>2.34 </div><div id="a25637" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:597.68px;">Diluted </div><div id="a25640" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:481.69px;top:597.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(0.09) </div><div id="a25643" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:536.73px;top:597.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>(0.22) </div><div id="a25646" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:596.89px;top:597.68px;"><div style="display:inline-block;width:2.44px">&#160;</div>0.50 </div><div id="a25650" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:655.97px;top:597.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>8.81 </div><div id="a25653" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:711.01px;top:597.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>2.25 </div><div id="a25656" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:613.27px;">1 Comparative-period information has been revised. Refer to &#8220;Accounting<div style="display:inline-block;width:3.47px">&#160;</div>for the acquisition of the Credit Suisse Group&#8221; in this section for more information. </div></div>
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<div id="a25665" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a25667" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a25669" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Consolidated financial information | UBS Group<div style="display:inline-block;width:1.27px">&#160;</div>AG interim consolidated financial information<div style="display:inline-block;width:1.25px">&#160;</div>(unaudited)<div style="display:inline-block;width:31.24px">&#160;</div>53 </div><div id="a25675" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:34.69px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a25677" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:59.36px;top:51.5px;">Statement of comprehensive income </div><div id="a25688" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:535.29px;top:70.74px;">For the quarter ended </div><div id="a25691" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:652.93px;top:70.74px;">For the year ended </div><div id="a25693" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:59.36px;top:85.3px;">USD m </div><div id="a25696" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:516.57px;top:85.3px;">31.12.23 </div><div id="a25698" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:562.49px;top:85.3px;">30.9.23</div><div id="a25699" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:591.29px;top:86.25px;">1</div><div id="a25701" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:604.61px;top:85.3px;">31.12.22 </div><div id="a25704" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:650.69px;top:85.3px;">31.12.23 </div><div id="a25706" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:694.69px;top:85.3px;">31.12.22 </div><div id="a25716" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;color:#9A3D37;left:59.36px;top:111.73px;">Comprehensive income attributable to shareholders</div><div id="a25717" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;color:#9A3D37;left:304.07px;top:112.84px;">2</div><div id="a25726" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:126.44px;">Net profit / (loss) </div><div id="a25729" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:528.09px;top:126.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>(279) </div><div id="a25732" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:572.25px;top:126.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>(715) </div><div id="a25735" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:614.21px;top:126.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,653 </div><div id="a25739" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:655.49px;top:126.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>29,027 </div><div id="a25742" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:704.29px;top:126.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>7,630 </div><div id="a25745" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:141.8px;">Other comprehensive income that may be reclassified to the income<div 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:660.29px;top:171.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,762 </div><div id="a25780" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:706.37px;top:171.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(894) </div><div id="a25783" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:186.44px;">Effective portion of changes in fair value of hedging instruments<div style="display:inline-block;width:1.01px">&#160;</div>designated as net investment hedges, before tax </div><div id="a25787" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:520.89px;top:186.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2,620) </div><div id="a25790" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:577.37px;top:186.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>806 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style="display:inline-block;width:2.4px">&#160;</div>60 </div><div id="a25809" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:586.97px;top:201.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>2 </div><div id="a25812" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:631.01px;top:201.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a25816" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:672.29px;top:201.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>58 </div><div id="a25819" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:716.29px;top:201.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>32 </div><div id="a25822" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:215.24px;">Effective portion of changes in fair value of hedging instruments<div style="display:inline-block;width:1.01px">&#160;</div>designated as net investment hedges reclassified<div style="display:inline-block;width:1.04px">&#160;</div>to </div><div id="a25824" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:226.92px;">the income statement </div><div id="a25831" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:532.89px;top:226.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(25) </div><div id="a25834" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:586.97px;top:226.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a25837" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:631.01px;top:226.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>3 </div><div id="a25841" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:667.17px;top:226.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(28) </div><div id="a25844" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.97px;top:226.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>(4) </div><div id="a25847" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:240.84px;">Income tax relating to foreign currency translations, including the effect of<div style="display:inline-block;width:1.06px">&#160;</div>net investment hedges </div><div id="a25850" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:532.89px;top:240.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(15) </div><div id="a25853" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:586.97px;top:240.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>4 </div><div id="a25856" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:621.09px;top:240.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(10) </div><div id="a25860" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:667.17px;top:240.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(17) </div><div id="a25863" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:721.09px;top:240.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>4 </div><div id="a25866" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:255.4px;">Subtotal foreign currency translation, net of tax </div><div id="a25870" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:526.17px;top:255.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,597 </div><div id="a25873" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:572.25px;top:255.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(615) </div><div id="a25876" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:621.41px;top:255.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>948 </div><div id="a25880" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:660.29px;top:255.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,456 </div><div id="a25883" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:706.37px;top:255.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(525) </div><div id="a25886" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:270.76px;">Financial assets measured at fair value through other comprehensive income </div><div id="a25895" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:285.8px;">Net unrealized gains / (losses), before tax </div><div id="a25898" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:542.97px;top:285.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>8 </div><div id="a25901" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:581.85px;top:285.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2) </div><div id="a25904" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:631.01px;top:285.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>5 </div><div id="a25908" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:677.09px;top:285.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>7 </div><div id="a25911" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:706.37px;top:285.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>(440) </div><div id="a25914" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:300.84px;">Net realized (gains) / losses reclassified to the income statement<div style="display:inline-block;width:0.92px">&#160;</div>from equity </div><div id="a25918" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:537.85px;top:300.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(4) </div><div id="a25921" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:586.97px;top:300.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a25924" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:631.01px;top:300.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a25928" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:671.97px;top:300.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(3) </div><div id="a25931" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:721.09px;top:300.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>1 </div><div id="a25934" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:315.72px;">Reclassification of financial assets to Other financial assets measured<div style="display:inline-block;width:0.79px">&#160;</div>at amortized cost</div><div id="a25935" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;left:374.95px;top:316.68px;">3</div><div id="a25943" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:711.49px;top:315.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>449 </div><div id="a25946" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:330.76px;">Income tax relating to net unrealized gains / (losses) </div><div id="a25949" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:542.97px;top:330.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a25952" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:586.97px;top:330.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a25955" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:631.01px;top:330.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a25959" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:677.09px;top:330.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a25962" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.97px;top:330.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>(3) </div><div id="a25965" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:345.48px;">Subtotal financial assets measured at fair value through other comprehensive<div style="display:inline-block;width:0.64px">&#160;</div>income, net of tax </div><div id="a25968" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:542.97px;top:345.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>3 </div><div id="a25971" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:581.85px;top:345.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2) </div><div id="a25974" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:631.01px;top:345.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>6 </div><div id="a25978" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:677.09px;top:345.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>4 </div><div id="a25981" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:721.09px;top:345.48px;"><div style="display:inline-block;width:2.4px">&#160;</div>6 </div><div id="a25984" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:360.88px;">Cash flow hedges of interest rate risk </div><div id="a25993" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:375.76px;">Effective portion of changes in fair value of derivative instruments designated<div style="display:inline-block;width:0.87px">&#160;</div>as cash flow hedges, before tax </div><div id="a25997" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:526.17px;top:375.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,803 </div><div id="a26000" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:565.05px;top:375.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1,198) </div><div id="a26003" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:626.21px;top:375.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>59 </div><div id="a26007" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:662.37px;top:375.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>(323) </div><div id="a26010" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:699.17px;top:375.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>(5,758) </div><div id="a26013" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:390.8px;">Net (gains) / losses reclassified to the income statement from<div style="display:inline-block;width:0.93px">&#160;</div>equity </div><div id="a26016" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:533.37px;top:390.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>566 </div><div id="a26019" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:577.37px;top:390.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>580 </div><div id="a26022" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:621.41px;top:390.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>210 </div><div id="a26026" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:660.29px;top:390.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,905 </div><div id="a26029" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:706.37px;top:390.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>(159) </div><div id="a26032" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:405.84px;">Income tax relating to cash flow hedges </div><div id="a26035" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:528.09px;top:405.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(399) </div><div id="a26038" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:582.17px;top:405.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>92 </div><div id="a26041" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:621.09px;top:405.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(43) </div><div id="a26045" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:662.37px;top:405.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(308) </div><div id="a26048" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:704.29px;top:405.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,124 </div><div id="a26051" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:420.4px;">Subtotal cash flow hedges, net of tax </div><div id="a26054" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:526.17px;top:420.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,970 </div><div id="a26057" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:572.25px;top:420.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(526) </div><div id="a26060" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:621.41px;top:420.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>225 </div><div id="a26064" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:660.29px;top:420.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,275 </div><div id="a26067" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:699.17px;top:420.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(4,793) </div><div id="a26070" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:435.76px;">Cost of hedging </div><div id="a26079" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:450.8px;">Cost of hedging, before tax </div><div id="a26082" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:532.89px;top:450.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>(24) </div><div id="a26085" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:581.85px;top:450.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1) </div><div id="a26088" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:621.09px;top:450.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>(69) </div><div id="a26092" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:667.17px;top:450.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>(19) </div><div id="a26095" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:716.29px;top:450.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>45 </div><div id="a26098" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:465.84px;">Income tax relating to cost of hedging </div><div id="a26101" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:542.97px;top:465.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a26104" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:586.97px;top:465.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a26107" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:631.01px;top:465.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>3 </div><div id="a26111" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:677.09px;top:465.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a26114" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:721.09px;top:465.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a26117" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:480.4px;">Subtotal cost of hedging, net of tax </div><div id="a26121" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:532.89px;top:480.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(24) </div><div id="a26124" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:581.85px;top:480.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1) </div><div id="a26127" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:621.09px;top:480.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(66) </div><div id="a26131" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:667.17px;top:480.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>(19) </div><div id="a26134" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:716.29px;top:480.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>45 </div><div id="a26137" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:495.76px;">Total other comprehensive income that may be reclassified to the income statement, net<div style="display:inline-block;width:0.87px">&#160;</div>of tax </div><div id="a26140" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:526.17px;top:495.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,546 </div><div id="a26143" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:565.05px;top:495.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1,144) </div><div id="a26146" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:614.21px;top:495.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,113 </div><div id="a26150" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:660.29px;top:495.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,715 </div><div id="a26153" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:699.17px;top:495.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>(5,267) </div><div id="a26164" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:522.8px;">Other comprehensive income that will not be reclassified to the income<div style="display:inline-block;width:0.93px">&#160;</div>statement </div><div id="a26174" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:537.52px;">Defined benefit plans </div><div id="a26183" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:553.04px;">Gains / (losses) on defined benefit plans, before tax </div><div id="a26186" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:533.37px;top:553.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>164 </div><div id="a26189" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:577.05px;top:553.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>(62) </div><div id="a26192" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:616.29px;top:553.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>(372) </div><div id="a26196" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:667.49px;top:553.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>110 </div><div id="a26199" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:711.17px;top:553.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>(73) </div><div id="a26202" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:569.04px;">Income tax relating to defined benefit plans </div><div id="a26205" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:532.89px;top:569.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>(33) </div><div id="a26208" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:581.85px;top:569.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>(7) </div><div id="a26211" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:626.21px;top:569.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>29 </div><div id="a26215" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:667.17px;top:569.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>(70) </div><div id="a26218" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:716.29px;top:569.04px;"><div style="display:inline-block;width:2.4px">&#160;</div>63 </div><div id="a26221" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:584.72px;">Subtotal defined benefit plans, net of tax </div><div id="a26225" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:533.37px;top:584.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>131 </div><div id="a26228" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:577.05px;top:584.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>(69) </div><div id="a26231" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:616.29px;top:584.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>(343) </div><div id="a26235" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:672.29px;top:584.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>40 </div><div id="a26238" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:711.17px;top:584.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>(10) </div><div id="a26241" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:600.56px;">Own credit on financial liabilities designated at fair value </div><div id="a26250" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:615.95px;">Gains / (losses) from own credit on financial liabilities designated<div style="display:inline-block;width:0.82px">&#160;</div>at fair value, before tax </div><div id="a26253" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:528.09px;top:615.95px;"><div style="display:inline-block;width:2.4px">&#160;</div>(731) </div><div id="a26256" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:572.25px;top:615.95px;"><div style="display:inline-block;width:2.4px">&#160;</div>(715) </div><div id="a26259" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:616.29px;top:615.95px;"><div style="display:inline-block;width:2.4px">&#160;</div>(304) </div><div id="a26263" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:655.17px;top:615.95px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1,850) </div><div id="a26266" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:711.49px;top:615.95px;"><div style="display:inline-block;width:2.4px">&#160;</div>867 </div><div id="a26269" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:631.95px;">Income tax relating to own credit on financial liabilities designated<div style="display:inline-block;width:0.96px">&#160;</div>at fair value </div><div id="a26273" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:538.17px;top:631.95px;"><div style="display:inline-block;width:2.4px">&#160;</div>10 </div><div id="a26276" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:582.17px;top:631.95px;"><div style="display:inline-block;width:2.4px">&#160;</div>29 </div><div id="a26279" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:626.21px;top:631.95px;"><div style="display:inline-block;width:2.4px">&#160;</div>71 </div><div id="a26283" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:672.29px;top:631.95px;"><div style="display:inline-block;width:2.4px">&#160;</div>82 </div><div id="a26286" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:711.17px;top:631.95px;"><div style="display:inline-block;width:2.4px">&#160;</div>(71) </div><div id="a26289" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:647.63px;">Subtotal own credit on financial liabilities designated at<div style="display:inline-block;width:1.05px">&#160;</div>fair value, net of tax </div><div id="a26292" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:528.09px;top:647.63px;"><div style="display:inline-block;width:2.4px">&#160;</div>(721) </div><div id="a26295" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:572.25px;top:647.63px;"><div style="display:inline-block;width:2.4px">&#160;</div>(686) </div><div id="a26298" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:616.29px;top:647.63px;"><div style="display:inline-block;width:2.4px">&#160;</div>(233) </div><div id="a26302" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:655.17px;top:647.63px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1,769) </div><div id="a26305" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:711.49px;top:647.63px;"><div style="display:inline-block;width:2.4px">&#160;</div>796 </div><div id="a26308" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:663.95px;">Total other comprehensive income that will not be reclassified to the income statement,<div style="display:inline-block;width:0.94px">&#160;</div>net of tax </div><div id="a26312" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:528.09px;top:663.95px;"><div style="display:inline-block;width:2.4px">&#160;</div>(591) </div><div id="a26315" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:572.25px;top:663.95px;"><div style="display:inline-block;width:2.4px">&#160;</div>(755) </div><div id="a26318" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:616.29px;top:663.95px;"><div style="display:inline-block;width:2.4px">&#160;</div>(576) </div><div id="a26322" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:655.17px;top:663.95px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1,729) </div><div id="a26325" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:711.49px;top:663.95px;"><div style="display:inline-block;width:2.4px">&#160;</div>786 </div><div id="a26336" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:691.63px;">Total other comprehensive income </div><div id="a26339" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:526.17px;top:691.63px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,956 </div><div id="a26342" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:565.05px;top:691.63px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1,899) </div><div id="a26345" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:621.41px;top:691.63px;"><div style="display:inline-block;width:2.4px">&#160;</div>538 </div><div id="a26349" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:667.49px;top:691.63px;"><div style="display:inline-block;width:2.4px">&#160;</div>986 </div><div id="a26352" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:699.17px;top:691.63px;"><div style="display:inline-block;width:2.4px">&#160;</div>(4,481) </div><div id="a26355" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:706.83px;">Total comprehensive income attributable to shareholders </div><div id="a26358" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:526.17px;top:706.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,677 </div><div id="a26361" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:565.05px;top:706.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(2,614) </div><div id="a26364" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:614.21px;top:706.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,190 </div><div id="a26368" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:655.49px;top:706.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>30,013 </div><div id="a26371" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:704.29px;top:706.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,149 </div><div id="a26382" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;color:#9A3D37;left:59.36px;top:734.03px;">Comprehensive income attributable to non-controlling<div style="display:inline-block;width:1.22px">&#160;</div>interests </div><div id="a26393" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:748.59px;">Net profit / (loss) </div><div id="a26396" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:542.97px;top:748.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>1 </div><div id="a26399" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:586.97px;top:748.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>4 </div><div id="a26402" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:631.01px;top:748.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>4 </div><div id="a26406" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:672.29px;top:748.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>16 </div><div id="a26409" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:716.29px;top:748.59px;"><div style="display:inline-block;width:2.4px">&#160;</div>32 </div><div id="a26412" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:763.95px;">Total other comprehensive income that will not be reclassified to the income statement,<div style="display:inline-block;width:0.94px">&#160;</div>net of tax </div><div id="a26415" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:538.17px;top:763.95px;"><div style="display:inline-block;width:2.4px">&#160;</div>17 </div><div id="a26418" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:577.05px;top:763.95px;"><div style="display:inline-block;width:2.4px">&#160;</div>(12) </div><div id="a26421" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:626.21px;top:763.95px;"><div style="display:inline-block;width:2.4px">&#160;</div>13 </div><div id="a26425" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:677.09px;top:763.95px;"><div style="display:inline-block;width:2.4px">&#160;</div>5 </div><div id="a26428" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:711.17px;top:763.95px;"><div style="display:inline-block;width:2.4px">&#160;</div>(14) </div><div id="a26431" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:779.31px;">Total comprehensive income attributable to non-controlling interests </div><div id="a26436" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:538.17px;top:779.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>18 </div><div id="a26439" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:581.85px;top:779.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>(8) </div><div id="a26442" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:626.21px;top:779.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>17 </div><div id="a26446" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:672.29px;top:779.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>22 </div><div id="a26449" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:716.29px;top:779.31px;"><div style="display:inline-block;width:2.4px">&#160;</div>18 </div><div id="a26460" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;color:#9A3D37;left:59.36px;top:806.35px;">Total comprehensive income </div><div id="a26469" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:820.91px;">Net profit / (loss) </div><div id="a26472" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:528.09px;top:820.91px;"><div style="display:inline-block;width:2.4px">&#160;</div>(278) </div><div id="a26475" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:572.25px;top:820.91px;"><div style="display:inline-block;width:2.4px">&#160;</div>(711) </div><div id="a26478" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:614.21px;top:820.91px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,657 </div><div id="a26482" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:655.49px;top:820.91px;"><div style="display:inline-block;width:2.4px">&#160;</div>29,043 </div><div id="a26485" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:704.29px;top:820.91px;"><div style="display:inline-block;width:2.4px">&#160;</div>7,661 </div><div id="a26488" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:836.27px;">Other comprehensive income </div><div id="a26491" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:526.17px;top:836.27px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,973 </div><div id="a26494" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:565.05px;top:836.27px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1,911) </div><div id="a26497" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:621.41px;top:836.27px;"><div style="display:inline-block;width:2.4px">&#160;</div>551 </div><div id="a26501" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:667.49px;top:836.27px;"><div style="display:inline-block;width:2.4px">&#160;</div>991 </div><div id="a26504" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:699.17px;top:836.27px;"><div style="display:inline-block;width:2.4px">&#160;</div>(4,494) </div><div id="a26507" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:851.79px;">of which: other comprehensive income that may be reclassified<div style="display:inline-block;width:0.92px">&#160;</div>to the income statement </div><div id="a26510" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:526.17px;top:851.79px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,546 </div><div id="a26513" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:565.05px;top:851.79px;"><div style="display:inline-block;width:2.4px">&#160;</div>(1,144) </div><div id="a26516" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:614.21px;top:851.79px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,113 </div><div id="a26520" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:660.29px;top:851.79px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,715 </div><div id="a26523" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:699.17px;top:851.79px;"><div style="display:inline-block;width:2.4px">&#160;</div>(5,267) </div><div id="a26526" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:867.83px;">of which: other comprehensive income that will not be reclassified<div style="display:inline-block;width:0.78px">&#160;</div>to the income statement </div><div id="a26530" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:528.09px;top:867.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(573) </div><div id="a26533" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:572.25px;top:867.83px;"><div style="display:inline-block;width:2.4px">&#160;</div>(767) </div><div id="a26536" 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Credit Suisse Group&#8221; in<div style="display:inline-block;width:3.53px">&#160;</div>this section for more information.<div style="display:inline-block;width:9.95px">&#160;</div>2 Refer to the &#8220;Group performance&#8221; section of<div style="display:inline-block;width:3.57px">&#160;</div>this </div><div id="a26569" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:908.19px;">report for more information.<div style="display:inline-block;width:10.05px">&#160;</div>3 Effective 1 April 2022,<div style="display:inline-block;width:3.47px">&#160;</div>a portfolio of assets previously<div style="display:inline-block;width:3.49px">&#160;</div>classified as Financial assets measured<div style="display:inline-block;width:3.71px">&#160;</div>at fair value through other<div style="display:inline-block;width:3.84px">&#160;</div>comprehensive<div style="display:inline-block;width:2.39px">&#160;</div>income was reclassified to<div style="display:inline-block;width:3.51px">&#160;</div>Other financial </div><div id="a26575" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:918.27px;">assets measured at amortized cost. As a result, the related cumulative fair value losses<div style="display:inline-block;width:3.48px">&#160;</div>of USD 449m before tax and USD 333m after tax, previously recognized in Other<div style="display:inline-block;width:3.49px">&#160;</div>comprehensive income, have been removed </div><div id="a26577" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:928.35px;">from equity and adjusted against the value of the assets at the reclassification date. </div></div>
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<div id="a26583" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a26585" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a26587" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Consolidated financial information | UBS Group<div style="display:inline-block;width:1.27px">&#160;</div>AG interim consolidated financial information<div style="display:inline-block;width:1.25px">&#160;</div>(unaudited)<div style="display:inline-block;width:31.24px">&#160;</div>54 </div><div id="a26593" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:34.69px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a26595" 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:112.21px;">Cash and balances at central banks </div><div id="a26635" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:564.57px;top:112.21px;"><div style="display:inline-block;width:2.4px">&#160;</div>314,148 </div><div id="a26638" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:632.61px;top:112.21px;"><div style="display:inline-block;width:2.4px">&#160;</div>262,383 </div><div id="a26641" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:700.61px;top:112.21px;"><div style="display:inline-block;width:2.4px">&#160;</div>169,445 </div><div id="a26644" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:128.2px;">Amounts due from banks </div><div id="a26650" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:569.37px;top:128.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>21,161 </div><div id="a26653" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:637.41px;top:128.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>21,334 </div><div id="a26656" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:128.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>14,792 </div><div id="a26659" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:144.2px;">Receivables from securities financing transactions measured at amortized<div style="display:inline-block;width:0.89px">&#160;</div>cost </div><div id="a26664" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:569.37px;top:144.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>99,039 </div><div id="a26667" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:637.41px;top:144.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>84,872 </div><div id="a26670" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:144.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>67,814 </div><div id="a26673" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:160.2px;">Cash collateral receivables on derivative instruments </div><div id="a26678" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:569.37px;top:160.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>50,082 </div><div id="a26681" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:637.41px;top:160.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>55,606 </div><div id="a26684" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:160.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>35,032 </div><div id="a26687" 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style="display:inline-block;width:2.4px">&#160;</div>65,498 </div><div id="a26710" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:637.41px;top:192.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>64,159 </div><div id="a26713" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:192.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>53,264 </div><div id="a26716" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:207.88px;">Total financial assets measured at amortized cost </div><div id="a26721" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:557.37px;top:207.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,190,099 </div><div id="a26724" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:625.41px;top:207.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,106,039 </div><div id="a26727" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:700.61px;top:207.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>727,568 </div><div id="a26730" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:224.2px;">Financial assets at fair value held for trading </div><div id="a26736" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:564.57px;top:224.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>169,633 </div><div id="a26739" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:632.61px;top:224.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>157,535 </div><div id="a26742" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:700.61px;top:224.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>107,866 </div><div id="a26745" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:240.2px;">Derivative financial instruments </div><div id="a26750" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:564.57px;top:240.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>176,084 </div><div id="a26753" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:632.61px;top:240.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>194,661 </div><div id="a26756" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:700.61px;top:240.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>150,108 </div><div id="a26759" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:256.2px;">Brokerage receivables </div><div id="a26764" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:569.37px;top:256.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>21,037 </div><div id="a26767" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:637.41px;top:256.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>24,611 </div><div id="a26770" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:256.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>17,576 </div><div id="a26773" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:272.2px;">Financial assets at fair value not held for trading </div><div id="a26778" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:564.57px;top:272.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>103,983 </div><div id="a26781" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:632.61px;top:272.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>104,614 </div><div id="a26784" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:272.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>59,796 </div><div id="a26787" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:287.88px;">Total financial assets measured at fair value through profit or loss </div><div id="a26793" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:564.57px;top:287.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>470,738 </div><div id="a26796" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:632.61px;top:287.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>481,421 </div><div id="a26799" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:700.61px;top:287.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>335,347 </div><div id="a26802" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:304.2px;">Financial assets measured at fair value through other comprehensive income </div><div id="a26807" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:574.17px;top:304.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,233 </div><div id="a26810" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:642.21px;top:304.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,213 </div><div id="a26813" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:304.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,239 </div><div id="a26816" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:320.52px;">Investments in associates </div><div id="a26821" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:574.17px;top:320.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,461 </div><div id="a26824" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:642.21px;top:320.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,715 </div><div id="a26827" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:320.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,101 </div><div id="a26830" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:336.52px;">Property, equipment and software </div><div id="a26835" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:569.37px;top:336.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>17,849 </div><div id="a26838" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:637.41px;top:336.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>17,919 </div><div id="a26841" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:336.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>12,288 </div><div id="a26844" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:352.52px;">Goodwill and intangible assets </div><div id="a26849" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:574.17px;top:352.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>7,515 </div><div id="a26852" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:642.21px;top:352.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>7,462 </div><div id="a26855" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:352.52px;"><div style="display:inline-block;width:2.4px">&#160;</div>6,267 </div><div id="a26858" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:368.56px;">Deferred tax assets </div><div id="a26863" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:569.37px;top:368.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>10,626 </div><div id="a26866" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:637.41px;top:368.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>10,469 </div><div id="a26869" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:368.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>9,389 </div><div id="a26872" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:384.56px;">Other non-financial assets </div><div id="a26879" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:569.37px;top:384.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>16,049 </div><div id="a26882" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:637.41px;top:384.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>16,091 </div><div id="a26885" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:384.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>10,166 </div><div id="a26888" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:400.88px;">Total assets </div><div id="a26893" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:557.37px;top:400.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,717,569 </div><div id="a26896" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:625.41px;top:400.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,644,329 </div><div id="a26899" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:693.41px;top:400.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,104,364 </div><div id="a26902" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:416.88px;">of which: Credit Suisse </div><div id="a26907" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:564.57px;top:416.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>583,520 </div><div id="a26910" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:632.61px;top:416.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>559,231 </div><div id="a26921" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;color:#9A3D37;left:59.36px;top:445.68px;">Liabilities </div><div id="a26929" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:461.36px;">Amounts due to banks </div><div id="a26934" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:569.37px;top:461.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>70,962 </div><div id="a26937" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:638.37px;top:461.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>68,461 </div><div id="a26940" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:706.53px;top:461.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>11,596 </div><div id="a26943" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:477.36px;">Payables from securities financing transactions measured at amortized cost </div><div id="a26948" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:569.37px;top:477.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>14,394 </div><div id="a26951" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:638.37px;top:477.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>14,954 </div><div id="a26954" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:711.33px;top:477.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>4,202 </div><div id="a26957" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:493.36px;">Cash collateral payables on derivative instruments </div><div id="a26963" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:569.37px;top:493.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>41,582 </div><div id="a26966" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:638.37px;top:493.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>41,546 </div><div id="a26969" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:706.53px;top:493.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>36,436 </div><div id="a26972" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:509.36px;">Customer deposits </div><div id="a26977" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:564.57px;top:509.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>792,029 </div><div id="a26980" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:633.57px;top:509.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>733,071 </div><div id="a26983" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:701.73px;top:509.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>525,051 </div><div id="a26986" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:525.36px;">Debt issued measured at amortized cost </div><div id="a26991" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:564.57px;top:525.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>237,817 </div><div id="a26994" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:633.57px;top:525.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>224,025 </div><div id="a26997" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:701.73px;top:525.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>114,621 </div><div id="a27000" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:541.36px;">Other financial liabilities measured at amortized cost </div><div id="a27005" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:569.37px;top:541.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>20,851 </div><div id="a27008" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:638.37px;top:541.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>19,211 </div><div id="a27011" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:711.33px;top:541.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>9,575 </div><div id="a27014" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:556.88px;">Total financial liabilities measured at amortized cost </div><div id="a27019" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:557.37px;top:556.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,177,633 </div><div id="a27022" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:626.37px;top:556.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,101,268 </div><div id="a27025" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:701.73px;top:556.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>701,481 </div><div id="a27028" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:573.36px;">Financial liabilities at fair value held for trading </div><div id="a27033" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:569.37px;top:573.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>34,159 </div><div id="a27036" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:638.37px;top:573.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>34,989 </div><div id="a27039" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:706.53px;top:573.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>29,515 </div><div id="a27042" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:589.36px;">Derivative financial instruments </div><div id="a27047" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:564.57px;top:589.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>192,220 </div><div id="a27050" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:633.57px;top:589.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>197,721 </div><div id="a27053" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:701.73px;top:589.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>154,906 </div><div id="a27056" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:605.36px;">Brokerage payables designated at fair value </div><div id="a27061" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:569.37px;top:605.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>42,522 </div><div id="a27064" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:638.37px;top:605.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>41,313 </div><div id="a27067" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:706.53px;top:605.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>45,085 </div><div id="a27070" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:621.39px;">Debt issued designated at fair value </div><div id="a27075" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:564.57px;top:621.39px;"><div style="display:inline-block;width:2.4px">&#160;</div>128,289 </div><div id="a27078" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:633.57px;top:621.39px;"><div style="display:inline-block;width:2.4px">&#160;</div>126,135 </div><div id="a27081" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:706.53px;top:621.39px;"><div style="display:inline-block;width:2.4px">&#160;</div>73,638 </div><div id="a27084" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:637.39px;">Other financial liabilities designated at fair value </div><div id="a27089" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:569.37px;top:637.39px;"><div style="display:inline-block;width:2.4px">&#160;</div>29,484 </div><div id="a27092" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:638.37px;top:637.39px;"><div style="display:inline-block;width:2.4px">&#160;</div>33,284 </div><div id="a27095" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:706.53px;top:637.39px;"><div style="display:inline-block;width:2.4px">&#160;</div>30,237 </div><div id="a27098" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:652.91px;">Total financial liabilities measured at fair value through profit or loss </div><div id="a27104" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:564.57px;top:652.91px;"><div style="display:inline-block;width:2.4px">&#160;</div>426,674 </div><div id="a27107" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:633.57px;top:652.91px;"><div style="display:inline-block;width:2.4px">&#160;</div>433,441 </div><div id="a27110" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:701.73px;top:652.91px;"><div style="display:inline-block;width:2.4px">&#160;</div>333,381 </div><div id="a27113" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:669.39px;">Provisions and contingent liabilities </div><div id="a27118" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:569.37px;top:669.39px;"><div style="display:inline-block;width:2.4px">&#160;</div>11,357 </div><div id="a27121" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:638.37px;top:669.39px;"><div style="display:inline-block;width:2.4px">&#160;</div>11,493 </div><div id="a27124" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:711.33px;top:669.39px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,243 </div><div id="a27127" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:685.39px;">Other 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<div id="a27332" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a27334" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a27336" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Consolidated financial information | UBS Group<div style="display:inline-block;width:1.27px">&#160;</div>AG interim consolidated financial information<div style="display:inline-block;width:1.25px">&#160;</div>(unaudited)<div style="display:inline-block;width:31.24px">&#160;</div>55 </div><div id="a27343" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;left:56.8px;top:48.75px;">Accounting for the acquisition of the<div style="display:inline-block;width:2.53px">&#160;</div>Credit Suisse Group </div><div id="a27345" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;color:#E60000;left:56.8px;top:88.11px;">The transaction </div><div id="a27347" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:114.4px;">On 12 June<div style="display:inline-block;width:5.56px">&#160;</div>2023, UBS Group AG<div style="display:inline-block;width:5.51px">&#160;</div>acquired Credit<div style="display:inline-block;width:5.79px">&#160;</div>Suisse Group AG,<div style="display:inline-block;width:5.72px">&#160;</div>succeeding by<div style="display:inline-block;width:5.26px">&#160;</div>operation of<div style="display:inline-block;width:5.5px">&#160;</div>Swiss law<div style="display:inline-block;width:5.45px">&#160;</div>to all </div><div id="a27356" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:131.84px;">assets and liabilities of Credit Suisse Group AG, and became the direct<div style="display:inline-block;width:5.36px">&#160;</div>or indirect shareholder of all of the<div style="display:inline-block;width:5.37px">&#160;</div>former </div><div id="a27359" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:149.12px;">direct and indirect subsidiaries of Credit Suisse Group AG. The acquisition of the<div style="display:inline-block;width:2.45px">&#160;</div>Credit Suisse Group constitutes a </div><div id="a27364" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:166.4px;">business combination<div style="display:inline-block;width:5.27px">&#160;</div>under IFRS 3, </div><div id="a27367" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-style:italic;left:275.59px;top:166.13px;">Business Combinations</div><div id="a27368" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:412.87px;top:166.4px;">, and<div style="display:inline-block;width:5.8px">&#160;</div>is required<div style="display:inline-block;width:6.07px">&#160;</div>to be<div style="display:inline-block;width:5.5px">&#160;</div>accounted for<div style="display:inline-block;width:5.41px">&#160;</div>by applying<div style="display:inline-block;width:5.54px">&#160;</div>the </div><div id="a27369" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:183.84px;">acquisition method of accounting. 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<div id="a27576" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a27578" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a27580" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Consolidated financial information | UBS Group<div style="display:inline-block;width:1.27px">&#160;</div>AG interim consolidated financial information<div style="display:inline-block;width:1.25px">&#160;</div>(unaudited)<div style="display:inline-block;width:31.24px">&#160;</div>56 </div><div id="a27587" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;left:56.8px;top:48.75px;">Accounting for the acquisition of the<div style="display:inline-block;width:2.53px">&#160;</div>Credit Suisse Group (continued) </div><div id="a27591" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:59.36px;top:80.18px;">USD m </div><div id="a27597" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:95.86px;">Purchase price consideration, after consideration of share-based compensation awards </div><div id="a27604" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:710.21px;top:95.86px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,710 </div><div id="a27607" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:59.36px;top:111.57px;">Credit Suisse Group net identifiable assets on the acquisition<div style="display:inline-block;width:0.99px">&#160;</div>date </div><div id="a27613" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;color:#9A3D37;left:59.36px;top:149px;">Assets </div><div id="a27616" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:516.41px;top:125.48px;">As previously </div><div id="a27617" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:490.97px;top:137.16px;">reported in the third </div><div id="a27619" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:492.09px;top:149px;">quarter 2023 report </div><div id="a27621" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:573.85px;top:125.48px;">Measurement period </div><div id="a27622" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:585.21px;top:137.16px;">adjustment in the </div><div id="a27623" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:576.73px;top:149px;">fourth quarter 2023 </div><div id="a27625" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:706.53px;top:149px;">Revised </div><div id="a27627" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:162.92px;">Cash and balances at central banks </div><div id="a27630" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:535.45px;top:162.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>93,012 </div><div id="a27634" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:162.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>93,012 </div><div id="a27637" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:178.6px;">Amounts due from banks </div><div id="a27640" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:535.45px;top:178.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>13,590 </div><div id="a27644" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:178.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>13,590 </div><div id="a27647" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:194.28px;">Receivables from securities financing transactions measured at amortized<div style="display:inline-block;width:0.89px">&#160;</div>cost </div><div id="a27651" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:535.45px;top:194.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>26,194 </div><div id="a27655" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:194.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>26,194 </div><div id="a27658" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:209.96px;">Cash collateral receivables on derivative instruments </div><div id="a27661" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:535.45px;top:209.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>20,878 </div><div id="a27665" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:209.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>20,878 </div><div id="a27668" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:225.64px;">Loans and advances to customers </div><div id="a27671" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:530.65px;top:225.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>255,547 </div><div id="a27674" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:619.97px;top:225.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>(8,002) </div><div id="a27677" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:700.61px;top:225.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>247,545 </div><div id="a27680" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:241.32px;">Other financial assets measured at amortized cost </div><div id="a27683" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:535.45px;top:241.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>13,428 </div><div id="a27687" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:241.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>13,428 </div><div id="a27690" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:257px;">Total financial assets measured at amortized cost </div><div id="a27694" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:530.65px;top:257px;"><div style="display:inline-block;width:2.4px">&#160;</div>422,650 </div><div id="a27697" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:619.97px;top:257px;"><div style="display:inline-block;width:2.4px">&#160;</div>(8,002) </div><div id="a27700" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:700.61px;top:257px;"><div style="display:inline-block;width:2.4px">&#160;</div>414,648 </div><div id="a27703" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:273.32px;">Financial assets at fair value held for trading </div><div id="a27706" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:535.45px;top:273.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>41,350 </div><div id="a27709" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:620.45px;top:273.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>14,887 </div><div id="a27712" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:273.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>56,237 </div><div id="a27715" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:289px;">Derivative financial instruments </div><div id="a27718" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:535.45px;top:289px;"><div style="display:inline-block;width:2.4px">&#160;</div>62,162 </div><div id="a27722" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:289px;"><div style="display:inline-block;width:2.4px">&#160;</div>62,162 </div><div id="a27725" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:304.68px;">Brokerage receivables </div><div id="a27728" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:547.45px;top:304.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>366 </div><div id="a27732" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:717.41px;top:304.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>366 </div><div id="a27735" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:320.2px;">Financial assets at fair value not held for trading </div><div id="a27739" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:535.45px;top:320.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>61,305 </div><div id="a27742" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:619.97px;top:320.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>(7,141) </div><div id="a27745" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:320.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>54,164 </div><div id="a27748" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:335.88px;">Total financial assets measured at fair value through profit or loss </div><div id="a27751" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:530.65px;top:335.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>165,183 </div><div id="a27754" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:625.25px;top:335.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>7,746 </div><div id="a27757" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:700.61px;top:335.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>172,929 </div><div id="a27760" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:352.2px;">Financial assets measured at fair value through other comprehensive income </div><div id="a27763" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:557.05px;top:352.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a27767" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:727.01px;top:352.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a27770" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:368.72px;">Investments in associates </div><div id="a27773" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:540.25px;top:368.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,657 </div><div id="a27777" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:710.21px;top:368.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,657 </div><div id="a27780" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:384.24px;">Property, equipment and software </div><div id="a27783" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:540.25px;top:384.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>6,055 </div><div id="a27787" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:710.21px;top:384.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>6,055 </div><div id="a27790" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:399.92px;">Intangible assets </div><div id="a27793" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:540.25px;top:399.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,287 </div><div id="a27797" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:710.21px;top:399.92px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,287 </div><div id="a27800" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:415.6px;">Deferred tax assets </div><div id="a27803" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:547.45px;top:415.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>942 </div><div id="a27807" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:717.41px;top:415.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>942 </div><div id="a27810" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:431.28px;">Other non-financial assets </div><div id="a27815" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:540.25px;top:431.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>6,892 </div><div id="a27819" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:710.21px;top:431.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>6,892 </div><div id="a27822" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:446.96px;">Total assets </div><div id="a27825" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:530.65px;top:446.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>604,667 </div><div id="a27828" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:627.17px;top:446.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>(256) </div><div id="a27831" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:700.61px;top:446.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>604,411 </div><div id="a27839" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;color:#9A3D37;left:59.36px;top:475.76px;">Liabilities </div><div id="a27845" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:491.28px;">Amounts due to banks </div><div id="a27848" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:530.65px;top:491.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>107,617 </div><div id="a27852" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:700.61px;top:491.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>107,617 </div><div id="a27855" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:506.96px;">Payables from securities financing transactions measured at amortized cost </div><div id="a27858" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:535.45px;top:506.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>11,911 </div><div id="a27862" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:506.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>11,911 </div><div id="a27865" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:522.64px;">Cash collateral payables on derivative instruments </div><div id="a27868" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:535.45px;top:522.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>10,939 </div><div id="a27872" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:522.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>10,939 </div><div id="a27875" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:538.32px;">Customer deposits </div><div id="a27878" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:530.65px;top:538.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>183,119 </div><div id="a27882" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:700.61px;top:538.32px;"><div style="display:inline-block;width:2.4px">&#160;</div>183,119 </div><div id="a27885" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:554px;">Debt issued measured at amortized cost </div><div id="a27888" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:530.65px;top:554px;"><div style="display:inline-block;width:2.4px">&#160;</div>110,491 </div><div id="a27892" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:700.61px;top:554px;"><div style="display:inline-block;width:2.4px">&#160;</div>110,491 </div><div id="a27895" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:569.68px;">Other financial liabilities measured at amortized cost </div><div id="a27898" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:540.25px;top:569.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>7,992 </div><div id="a27902" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:710.21px;top:569.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>7,992 </div><div id="a27905" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:585.36px;">Total financial liabilities measured at amortized cost </div><div id="a27908" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:530.65px;top:585.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>432,070 </div><div id="a27911" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:642.05px;top:585.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a27914" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:700.61px;top:585.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>432,070 </div><div id="a27917" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:601.68px;">Financial liabilities at fair value held for trading </div><div id="a27921" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:540.25px;top:601.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,711 </div><div id="a27925" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:710.21px;top:601.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>5,711 </div><div id="a27928" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:617.39px;">Derivative financial instruments </div><div id="a27931" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:535.45px;top:617.39px;"><div style="display:inline-block;width:2.4px">&#160;</div>68,129 </div><div id="a27934" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:627.17px;top:617.39px;"><div style="display:inline-block;width:2.4px">&#160;</div>(308) </div><div id="a27937" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:617.39px;"><div style="display:inline-block;width:2.4px">&#160;</div>67,821 </div><div id="a27940" style="position:absolute;font-family:&apos;Frutiger 47 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style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:885.38px;">2023. </div></div>
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<div id="a28095" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a28097" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a28099" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Consolidated financial information | UBS Group<div style="display:inline-block;width:1.27px">&#160;</div>AG interim consolidated financial information<div style="display:inline-block;width:1.25px">&#160;</div>(unaudited)<div style="display:inline-block;width:31.24px">&#160;</div>57 </div><div id="a28106" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;left:56.8px;top:48.75px;">Accounting for the acquisition of the<div style="display:inline-block;width:2.53px">&#160;</div>Credit Suisse Group 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(release) </div><div id="a28239" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:587.77px;top:298.28px;">306 </div><div id="a28241" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:654.53px;top:298.28px;">(67) </div><div id="a28243" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:717.41px;top:298.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>239 </div><div id="a28254" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:318.6px;">Operating expenses </div><div id="a28261" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:575.77px;top:318.6px;">11,644 </div><div id="a28263" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:659.33px;top:318.6px;">(4) </div><div id="a28265" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:318.6px;"><div style="display:inline-block;width:2.4px">&#160;</div>11,640 </div><div id="a28268" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:332.2px;">Operating profit / (loss) before tax </div><div id="a28274" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:584.73px;top:332.2px;">(255) </div><div id="a28276" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:657.57px;top:332.2px;">71 </div><div id="a28278" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:712.13px;top:332.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>(184) </div><div id="a28281" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:346.28px;">Tax expense / (benefit) </div><div id="a28287" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:587.77px;top:346.28px;">526 </div><div id="a28290" style="position:absolute;font-family:&apos;Frutiger 47 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style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:59.36px;top:437.65px;">Effect of the measurement period adjustments on the balance sheet as of 30 September 2023 and 30 June 2023 </div><div id="a28340" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:59.36px;top:453.2px;">USD m </div><div id="a28342" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:389.83px;top:452.72px;">As of 30 September 2023 </div><div id="a28345" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:604.61px;top:452.72px;">As of 30 June 2023 </div><div id="a28347" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;color:#9A3D37;left:59.36px;top:512.56px;">Assets </div><div id="a28349" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:353.99px;top:477.36px;">As previously </div><div id="a28351" style="position:absolute;font-family:&apos;Frutiger 47 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:502.97px;top:512.4px;">Revised </div><div id="a28364" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:557.53px;top:477.36px;">As previously </div><div id="a28365" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:551.29px;top:489.04px;">reported in the </div><div id="a28366" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:559.61px;top:500.72px;">third quarter </div><div id="a28367" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:561.85px;top:512.4px;">2023 report </div><div id="a28369" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:619.81px;top:465.68px;">Measurement </div><div id="a28370" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:646.53px;top:477.36px;">period </div><div id="a28371" style="position:absolute;font-family:&apos;Frutiger 47 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:489.85px;top:525.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,106,039 </div><div id="a28390" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:564.57px;top:525.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,137,531 </div><div id="a28393" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:640.61px;top:525.2px;"><div style="display:inline-block;width:2.4px">&#160;</div>(8,716) </div><div id="a28396" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:693.41px;top:525.84px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,128,815 </div><div id="a28399" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:539.12px;">of which: Loans and advances to customers </div><div id="a28401" style="position:absolute;font-family:&apos;Frutiger 47 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style="display:inline-block;width:2.4px">&#160;</div>637,069 </div><div id="a28418" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:552.88px;">Total financial assets measured at fair value through profit or loss </div><div id="a28421" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:368.23px;top:552.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>474,415 </div><div id="a28424" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:442.17px;top:552.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>7,006 </div><div id="a28427" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:497.05px;top:553.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>481,421 </div><div id="a28431" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:571.77px;top:552.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>483,261 </div><div id="a28434" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:645.73px;top:552.88px;"><div style="display:inline-block;width:2.4px">&#160;</div>8,459 </div><div id="a28437" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:700.61px;top:553.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>491,719 </div><div id="a28440" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:566.64px;">of which: Financial assets at fair value held for trading </div><div id="a28442" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:368.23px;top:566.64px;"><div style="display:inline-block;width:2.4px">&#160;</div>142,888 </div><div id="a28445" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:437.85px;top:566.64px;">14,647 </div><div id="a28447" style="position:absolute;font-family:&apos;Frutiger 47 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CN&apos;;font-style:italic;left:368.23px;top:580.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>112,256 </div><div id="a28464" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:439.45px;top:580.4px;">(7,642) </div><div id="a28466" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:497.05px;top:580.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>104,614 </div><div id="a28470" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:571.77px;top:580.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>118,605 </div><div id="a28473" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:643.01px;top:580.4px;">(5,987) </div><div id="a28475" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:700.61px;top:580.4px;"><div style="display:inline-block;width:2.4px">&#160;</div>112,618 </div><div id="a28478" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:594px;">Financial assets measured at fair value through other comprehensive income </div><div id="a28480" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:377.83px;top:594px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,213 </div><div id="a28484" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:506.65px;top:594px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,213 </div><div id="a28488" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:581.37px;top:594px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,217 </div><div id="a28492" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:710.21px;top:594px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,217 </div><div id="a28495" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:607.44px;">Non-financial assets </div><div id="a28499" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:373.03px;top:607.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>54,656 </div><div id="a28503" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:501.85px;top:607.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>54,656 </div><div id="a28507" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:576.57px;top:607.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>55,846 </div><div id="a28511" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:607.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>55,846 </div><div id="a28514" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:620.91px;">Total assets </div><div id="a28516" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:361.03px;top:620.91px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,644,522 </div><div id="a28519" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:444.25px;top:620.91px;"><div style="display:inline-block;width:2.4px">&#160;</div>(193) </div><div id="a28522" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:489.85px;top:620.91px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,644,329 </div><div id="a28526" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:564.57px;top:620.91px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,678,856 </div><div id="a28529" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:647.81px;top:620.91px;"><div style="display:inline-block;width:2.4px">&#160;</div>(257) </div><div id="a28532" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:693.41px;top:620.91px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,678,598 </div><div id="a28543" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;color:#9A3D37;left:59.36px;top:649.23px;">Liabilities </div><div id="a28552" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:662.03px;">Total financial liabilities measured at amortized cost </div><div id="a28554" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:361.03px;top:662.03px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,101,268 </div><div id="a28558" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:489.85px;top:662.03px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,101,268 </div><div id="a28562" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:564.57px;top:662.03px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,125,687 </div><div id="a28566" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:693.41px;top:662.03px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,125,687 </div><div id="a28569" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:675.47px;">Total financial liabilities measured at fair value through profit or loss </div><div id="a28571" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:368.23px;top:675.47px;"><div style="display:inline-block;width:2.4px">&#160;</div>433,739 </div><div id="a28574" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:444.25px;top:675.47px;"><div style="display:inline-block;width:2.4px">&#160;</div>(298) </div><div id="a28577" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:497.05px;top:675.95px;"><div style="display:inline-block;width:2.4px">&#160;</div>433,441 </div><div id="a28581" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:571.77px;top:675.47px;"><div style="display:inline-block;width:2.4px">&#160;</div>440,569 </div><div id="a28584" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:647.81px;top:675.47px;"><div style="display:inline-block;width:2.4px">&#160;</div>(309) </div><div id="a28587" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:700.61px;top:675.95px;"><div style="display:inline-block;width:2.4px">&#160;</div>440,260 </div><div id="a28590" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:689.23px;">of which: Derivative financial instruments </div><div id="a28592" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:368.23px;top:689.23px;"><div style="display:inline-block;width:2.4px">&#160;</div>198,019 </div><div id="a28595" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:441.37px;top:689.23px;"><div style="display:inline-block;width:2.4px">&#160;</div>(298)</div><div id="a28597" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;font-style:italic;left:463.29px;top:690.19px;">1</div><div id="a28599" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:497.05px;top:689.23px;"><div style="display:inline-block;width:2.4px">&#160;</div>197,721 </div><div id="a28603" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:571.77px;top:689.23px;"><div style="display:inline-block;width:2.4px">&#160;</div>195,182 </div><div id="a28606" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:644.93px;top:689.23px;"><div style="display:inline-block;width:2.4px">&#160;</div>(309)</div><div id="a28608" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;font-style:italic;left:666.85px;top:690.19px;">1</div><div id="a28610" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:700.61px;top:689.23px;"><div style="display:inline-block;width:2.4px">&#160;</div>194,873 </div><div id="a28613" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:702.67px;">Provisions and contingent liabilities </div><div id="a28615" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:373.03px;top:702.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>11,515 </div><div id="a28618" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:451.45px;top:702.67px;">(23) </div><div id="a28620" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:501.85px;top:702.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>11,493 </div><div id="a28624" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:576.57px;top:702.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>12,951 </div><div id="a28627" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:655.01px;top:702.67px;">(18) </div><div id="a28629" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:702.67px;"><div style="display:inline-block;width:2.4px">&#160;</div>12,933 </div><div id="a28632" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:716.43px;">Other non-financial liabilities </div><div id="a28637" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:373.03px;top:716.43px;"><div style="display:inline-block;width:2.4px">&#160;</div>12,603 </div><div id="a28640" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:454.65px;top:716.43px;">57 </div><div id="a28642" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:501.85px;top:716.43px;"><div style="display:inline-block;width:2.4px">&#160;</div>12,660 </div><div id="a28646" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:576.57px;top:716.43px;"><div style="display:inline-block;width:2.4px">&#160;</div>11,896 </div><div id="a28649" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:658.21px;top:716.43px;">70 </div><div id="a28651" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:716.43px;"><div style="display:inline-block;width:2.4px">&#160;</div>11,966 </div><div id="a28654" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:730.03px;">Total liabilities </div><div id="a28656" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:361.03px;top:730.03px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,559,125 </div><div id="a28659" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:444.25px;top:730.03px;"><div style="display:inline-block;width:2.4px">&#160;</div>(264) </div><div id="a28662" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:489.85px;top:730.03px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,558,861 </div><div id="a28666" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:564.57px;top:730.03px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,591,104 </div><div id="a28669" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:647.81px;top:730.03px;"><div style="display:inline-block;width:2.4px">&#160;</div>(257) </div><div id="a28672" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:693.41px;top:730.03px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,590,847 </div><div id="a28683" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;color:#9A3D37;left:59.36px;top:758.19px;">Equity </div><div id="a28692" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:770.99px;">Equity attributable to shareholders </div><div id="a28694" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:373.03px;top:770.99px;"><div style="display:inline-block;width:2.4px">&#160;</div>84,856 </div><div id="a28697" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:454.17px;top:770.99px;"><div style="display:inline-block;width:2.4px">&#160;</div>71 </div><div id="a28700" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:501.85px;top:771.63px;"><div style="display:inline-block;width:2.4px">&#160;</div>84,926 </div><div id="a28704" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:576.57px;top:770.99px;"><div style="display:inline-block;width:2.4px">&#160;</div>87,116 </div><div id="a28707" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:662.53px;top:770.99px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a28710" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:771.63px;"><div style="display:inline-block;width:2.4px">&#160;</div>87,116 </div><div id="a28713" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:784.91px;">of which: Retained earnings </div><div id="a28716" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:373.03px;top:784.91px;"><div style="display:inline-block;width:2.4px">&#160;</div>76,726 </div><div id="a28719" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:454.65px;top:784.91px;">71 </div><div id="a28721" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:501.85px;top:784.91px;"><div style="display:inline-block;width:2.4px">&#160;</div>76,796 </div><div id="a28725" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:576.57px;top:784.91px;"><div style="display:inline-block;width:2.4px">&#160;</div>78,297 </div><div id="a28728" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:663.01px;top:784.91px;">0 </div><div id="a28730" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:705.41px;top:784.91px;"><div style="display:inline-block;width:2.4px">&#160;</div>78,297 </div><div id="a28733" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:798.35px;">Total equity </div><div id="a28735" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:373.03px;top:798.35px;"><div style="display:inline-block;width:2.4px">&#160;</div>85,398 </div><div id="a28738" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:454.17px;top:798.35px;"><div style="display:inline-block;width:2.4px">&#160;</div>71 </div><div id="a28741" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:501.85px;top:798.35px;"><div style="display:inline-block;width:2.4px">&#160;</div>85,468 </div><div id="a28745" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:576.57px;top:798.35px;"><div style="display:inline-block;width:2.4px">&#160;</div>87,752 </div><div id="a28748" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:662.53px;top:798.35px;"><div style="display:inline-block;width:2.4px">&#160;</div>0 </div><div id="a28751" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:705.41px;top:798.35px;"><div style="display:inline-block;width:2.4px">&#160;</div>87,752 </div><div id="a28754" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:811.79px;">Total liabilities and equity </div><div id="a28756" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:361.03px;top:811.79px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,644,522 </div><div id="a28759" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:444.25px;top:811.79px;"><div style="display:inline-block;width:2.4px">&#160;</div>(193) </div><div id="a28762" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:489.85px;top:811.79px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,644,329 </div><div id="a28766" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:564.57px;top:811.79px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,678,856 </div><div id="a28769" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:647.81px;top:811.79px;"><div style="display:inline-block;width:2.4px">&#160;</div>(257) </div><div id="a28772" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:693.41px;top:811.79px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,678,598 </div><div id="a28775" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:826.23px;">1 Includes the fair value of loan commitments reclassified from loan commitments not measured at fair value to derivative loan<div style="display:inline-block;width:3.56px">&#160;</div>commitments with a notional amount as of 30 September 2023 and 30 June 2023 of </div><div id="a28778" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:836.31px;">USD 0.7bn and USD 0.9bn respectively. </div></div>
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<div id="a28782" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a28784" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a28786" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Consolidated financial information | UBS Group<div style="display:inline-block;width:1.27px">&#160;</div>AG interim consolidated financial information<div style="display:inline-block;width:1.25px">&#160;</div>(unaudited)<div style="display:inline-block;width:31.24px">&#160;</div>58 </div><div id="a28793" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;left:56.8px;top:48.75px;">Accounting for the acquisition of the Credit<div style="display:inline-block;width:2.4px">&#160;</div>Suisse Group 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style="display:inline-block;width:2.4px">&#160;</div>2,123 </div><div id="a28988" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:642.21px;top:444.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,988 </div><div id="a28991" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:717.41px;top:444.24px;"><div style="display:inline-block;width:2.4px">&#160;</div>456 </div><div id="a28994" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:456.72px;">Total provisions and contingent liabilities </div><div id="a28997" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:569.37px;top:456.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>11,357 </div><div id="a29000" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:637.41px;top:456.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>11,493 </div><div id="a29003" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:456.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,243 </div><div id="a29006" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:68.48px;top:469.68px;">of which: Credit Suisse </div><div id="a29009" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;color:#9A3D37;left:574.17px;top:469.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>8,787 </div><div id="a29012" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:642.21px;top:469.68px;"><div style="display:inline-block;width:2.4px">&#160;</div>9,141 </div><div id="a29016" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:59.36px;top:483.65px;">1 Comparative-period information has been revised. 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style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:409.19px;top:561.84px;">regulatory and </div><div id="a29039" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:405.67px;top:573.52px;">similar matters</div><div id="a29040" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;color:#9A3D37;left:459.45px;top:574.48px;">1</div><div id="a29042" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:479.13px;top:573.52px;">Restructuring</div><div id="a29043" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.08px;color:#9A3D37;left:527.45px;top:574.48px;">2</div><div id="a29045" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:555.13px;top:573.52px;">Real estate</div><div id="a29046" style="position:absolute;font-family:&apos;Frutiger 47 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style="display:inline-block;width:2.4px">&#160;</div>4,017 </div><div id="a29077" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:513.37px;top:598.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>613 </div><div id="a29080" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:581.37px;top:598.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>243 </div><div id="a29083" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:642.21px;top:598.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,133 </div><div id="a29086" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:710.21px;top:598.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>6,006 </div><div id="a29089" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:611.95px;">Increase in provisions recognized in the income statement </div><div id="a29091" 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style="display:inline-block;width:1.97px">&#160;</div>part b).<div style="display:inline-block;width:1.79px">&#160;</div>There are<div style="display:inline-block;width:1.95px">&#160;</div>no material<div style="display:inline-block;width:1.86px">&#160;</div>contingent<div style="display:inline-block;width:2.57px">&#160;</div>liabilities associated<div style="display:inline-block;width:1.51px">&#160;</div>with the<div style="display:inline-block;width:2.16px">&#160;</div>other classes<div style="display:inline-block;width:1.71px">&#160;</div>of provisions. </div></div>
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<div id="a29223" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a29225" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a29227" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Consolidated financial information | UBS Group<div style="display:inline-block;width:1.27px">&#160;</div>AG interim consolidated financial information<div style="display:inline-block;width:1.25px">&#160;</div>(unaudited)<div style="display:inline-block;width:31.24px">&#160;</div>59 </div><div id="a29234" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;left:56.8px;top:48.75px;">Provisions and contingent liabilities<div style="display:inline-block;width:2.41px">&#160;</div>(continued) </div><div id="a29237" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;color:#9A3D37;left:56.8px;top:90.67px;">b) Litigation, regulatory and similar matters </div><div id="a29239" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:121.76px;">The Group operates in<div style="display:inline-block;width:5.34px">&#160;</div>a legal and regulatory<div style="display:inline-block;width:5.28px">&#160;</div>environment that exposes it to<div style="display:inline-block;width:5.35px">&#160;</div>significant litigation and similar risks </div><div id="a29240" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:139.2px;">arising from disputes<div style="display:inline-block;width:5.78px">&#160;</div>and regulatory proceedings. 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<div id="a29327" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a29329" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a29331" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Consolidated financial information | UBS Group<div style="display:inline-block;width:1.27px">&#160;</div>AG interim consolidated financial information<div style="display:inline-block;width:1.25px">&#160;</div>(unaudited)<div style="display:inline-block;width:31.24px">&#160;</div>60 </div><div id="a29338" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;left:56.8px;top:48.75px;">Provisions and contingent liabilities<div style="display:inline-block;width:2.41px">&#160;</div>(continued) </div><div id="a29340" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:79.81px;">Litigation, regulatory<div style="display:inline-block;width:2.11px">&#160;</div>and similar<div style="display:inline-block;width:2.27px">&#160;</div>matters may<div style="display:inline-block;width:2.2px">&#160;</div>also result<div style="display:inline-block;width:2.09px">&#160;</div>in non-monetary<div style="display:inline-block;width:2.35px">&#160;</div>penalties and<div style="display:inline-block;width:2.1px">&#160;</div>consequences. A<div style="display:inline-block;width:2.09px">&#160;</div>guilty plea </div><div id="a29343" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:97.09px;">to, or conviction of, a crime could have material consequences for UBS. 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In connection with this investigation, the investigating </div><div id="a29625" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:780.22px;">judges ordered UBS AG to provide bail (&#8220;</div><div id="a29628" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-style:italic;left:302.15px;top:779.95px;">caution</div><div id="a29629" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:346.47px;top:780.22px;">&#8221;) of EUR 1.1bn. </div><div id="a29634" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:806.14px;">In 2019,<div style="display:inline-block;width:5.26px">&#160;</div>the court of<div style="display:inline-block;width:5.93px">&#160;</div>first instance<div style="display:inline-block;width:5.41px">&#160;</div>returned a verdict<div style="display:inline-block;width:5.72px">&#160;</div>finding UBS AG<div style="display:inline-block;width:5.93px">&#160;</div>guilty of<div style="display:inline-block;width:5.27px">&#160;</div>unlawful solicitation of<div style="display:inline-block;width:5.64px">&#160;</div>clients on </div><div id="a29635" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:823.58px;">French territory and aggravated<div style="display:inline-block;width:2.16px">&#160;</div>laundering of the proceeds<div style="display:inline-block;width:2.27px">&#160;</div>of tax fraud, and UBS<div style="display:inline-block;width:2.26px">&#160;</div>(France) S.A. guilty of aiding<div style="display:inline-block;width:2.05px">&#160;</div>and </div><div id="a29636" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:840.86px;">abetting unlawful<div style="display:inline-block;width:5.42px">&#160;</div>solicitation and<div style="display:inline-block;width:5.26px">&#160;</div>of laundering<div style="display:inline-block;width:5.47px">&#160;</div>the proceeds<div style="display:inline-block;width:5.35px">&#160;</div>of tax<div style="display:inline-block;width:5.59px">&#160;</div>fraud. The<div style="display:inline-block;width:5.39px">&#160;</div>court imposed<div style="display:inline-block;width:5.61px">&#160;</div>fines aggregating </div><div id="a29638" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:858.14px;">EUR 3.7bn on UBS AG and UBS (France) S.A. and awarded EUR 800m of<div style="display:inline-block;width:5.32px">&#160;</div>civil damages to the French state. A trial </div><div id="a29639" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:875.62px;">in the<div style="display:inline-block;width:5.73px">&#160;</div>Paris Court<div style="display:inline-block;width:5.48px">&#160;</div>of Appeal<div style="display:inline-block;width:5.63px">&#160;</div>took place<div style="display:inline-block;width:5.57px">&#160;</div>in March<div style="display:inline-block;width:5.62px">&#160;</div>2021. In<div style="display:inline-block;width:5.64px">&#160;</div>December 2021,<div style="display:inline-block;width:5.29px">&#160;</div>the Court<div style="display:inline-block;width:5.62px">&#160;</div>of Appeal<div style="display:inline-block;width:5.63px">&#160;</div>found UBS<div style="display:inline-block;width:5.58px">&#160;</div>AG </div><div id="a29641" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:892.9px;">guilty of unlawful solicitation and aggravated laundering of the proceeds of tax fraud. The court ordered a fine of </div><div id="a29642" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:910.18px;">EUR<div style="display:inline-block;width:5.98px">&#160;</div>3.75m,<div style="display:inline-block;width:5.92px">&#160;</div>the<div style="display:inline-block;width:5.88px">&#160;</div>confiscation<div style="display:inline-block;width:5.63px">&#160;</div>of<div style="display:inline-block;width:6.04px">&#160;</div>EUR<div style="display:inline-block;width:5.82px">&#160;</div>1bn,<div style="display:inline-block;width:5.88px">&#160;</div>and<div style="display:inline-block;width:5.94px">&#160;</div>awarded<div style="display:inline-block;width:5.91px">&#160;</div>civil<div style="display:inline-block;width:5.8px">&#160;</div>damages<div style="display:inline-block;width:5.85px">&#160;</div>to<div style="display:inline-block;width:6.04px">&#160;</div>the<div style="display:inline-block;width:5.72px">&#160;</div>French<div style="display:inline-block;width:5.97px">&#160;</div>state<div style="display:inline-block;width:5.78px">&#160;</div>of<div style="display:inline-block;width:6.04px">&#160;</div>EUR<div style="display:inline-block;width:6.11px">&#160;</div>800m.<div style="display:inline-block;width:5.67px">&#160;</div>UBS </div><div id="a29645" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:927.62px;">appealed the decision to the<div style="display:inline-block;width:5.58px">&#160;</div>French Supreme Court. The Supreme<div style="display:inline-block;width:5.46px">&#160;</div>Court rendered its judgment on<div style="display:inline-block;width:5.42px">&#160;</div>15 November </div><div id="a29646" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:944.9px;">2023. It<div style="display:inline-block;width:5.52px">&#160;</div>upheld the<div style="display:inline-block;width:5.44px">&#160;</div>Court of<div style="display:inline-block;width:5.46px">&#160;</div>Appeal&#8217;s decision<div style="display:inline-block;width:5.27px">&#160;</div>regarding unlawful solicitation<div style="display:inline-block;width:5.56px">&#160;</div>and aggravated<div style="display:inline-block;width:5.31px">&#160;</div>laundering of the </div><div id="a29649" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:962.18px;">proceeds of tax fraud, but overturned the confiscation of EUR<div style="display:inline-block;width:5.32px">&#160;</div>1bn, the penalty of EUR 3.75m and the<div style="display:inline-block;width:5.27px">&#160;</div>EUR 800m </div><div id="a29651" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:979.62px;">of civil<div style="display:inline-block;width:6.01px">&#160;</div>damages awarded<div style="display:inline-block;width:5.45px">&#160;</div>to the<div style="display:inline-block;width:5.93px">&#160;</div>French state.<div style="display:inline-block;width:5.69px">&#160;</div>The case<div style="display:inline-block;width:5.81px">&#160;</div>has been<div style="display:inline-block;width:5.84px">&#160;</div>remanded to<div style="display:inline-block;width:5.67px">&#160;</div>the Court<div style="display:inline-block;width:5.94px">&#160;</div>of Appeal<div style="display:inline-block;width:5.79px">&#160;</div>for a<div style="display:inline-block;width:5.92px">&#160;</div>retrial </div><div id="a29652" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:996.9px;">regarding these overturned elements.<div style="display:inline-block;width:2.45px">&#160;</div>The French state has reimbursed the<div style="display:inline-block;width:2.37px">&#160;</div>EUR 800m of civil damages<div style="display:inline-block;width:2.56px">&#160;</div>to UBS AG. </div></div>
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<div id="a29658" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a29660" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a29662" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Consolidated financial information | UBS Group<div style="display:inline-block;width:1.27px">&#160;</div>AG interim consolidated financial information<div style="display:inline-block;width:1.25px">&#160;</div>(unaudited)<div style="display:inline-block;width:31.24px">&#160;</div>61 </div><div id="a29669" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;left:56.8px;top:48.75px;">Provisions and contingent liabilities<div style="display:inline-block;width:2.41px">&#160;</div>(continued) </div><div id="a29671" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:79.81px;">Our balance sheet<div style="display:inline-block;width:5.81px">&#160;</div>at 31<div style="display:inline-block;width:5.34px">&#160;</div>December 2023 reflected<div style="display:inline-block;width:5.79px">&#160;</div>a provision in<div style="display:inline-block;width:5.88px">&#160;</div>an amount that<div style="display:inline-block;width:5.63px">&#160;</div>UBS believes to<div style="display:inline-block;width:5.9px">&#160;</div>be appropriate </div><div id="a29672" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:97.09px;">under the<div style="display:inline-block;width:2.43px">&#160;</div>applicable accounting<div style="display:inline-block;width:1.97px">&#160;</div>standard. As<div style="display:inline-block;width:2.09px">&#160;</div>in the<div style="display:inline-block;width:2.53px">&#160;</div>case of<div style="display:inline-block;width:2.4px">&#160;</div>other matters<div style="display:inline-block;width:2.18px">&#160;</div>for which<div style="display:inline-block;width:2.57px">&#160;</div>we have<div style="display:inline-block;width:2.42px">&#160;</div>established provisions, </div><div id="a29673" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:114.4px;">the future outflow of resources in respect of such matters<div style="display:inline-block;width:2.32px">&#160;</div>cannot be determined with certainty based on currently </div><div id="a29676" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:131.84px;">available information<div style="display:inline-block;width:5.73px">&#160;</div>and accordingly<div style="display:inline-block;width:5.91px">&#160;</div>may ultimately<div style="display:inline-block;width:5.86px">&#160;</div>prove to<div style="display:inline-block;width:6.18px">&#160;</div>be substantially<div style="display:inline-block;width:5.76px">&#160;</div>greater (or<div style="display:inline-block;width:6.17px">&#160;</div>may be<div style="display:inline-block;width:6.12px">&#160;</div>less) than<div style="display:inline-block;width:6.06px">&#160;</div>the </div><div id="a29677" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:149.12px;">provision that we have recognized. </div><div id="a29680" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;color:#E60000;left:56.8px;top:175.04px;">2. 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style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:487.24px;">the Luxembourg Supreme Court has dismissed<div style="display:inline-block;width:2.36px">&#160;</div>a further appeal in one of the test<div style="display:inline-block;width:2.5px">&#160;</div>cases. </div><div id="a29713" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:513px;">In the<div style="display:inline-block;width:6.37px">&#160;</div>US, the<div style="display:inline-block;width:6.11px">&#160;</div>BMIS Trustee<div style="display:inline-block;width:5.94px">&#160;</div>filed claims<div style="display:inline-block;width:6.16px">&#160;</div>against UBS<div style="display:inline-block;width:5.91px">&#160;</div>entities, among<div style="display:inline-block;width:6.09px">&#160;</div>others, in<div style="display:inline-block;width:5.9px">&#160;</div>relation to<div style="display:inline-block;width:6.13px">&#160;</div>the two<div 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The case<div style="display:inline-block;width:2.11px">&#160;</div>has been </div><div id="a29723" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:634.46px;">remanded to the Bankruptcy Court for further<div style="display:inline-block;width:2.34px">&#160;</div>proceedings. </div><div id="a29725" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;color:#E60000;left:56.8px;top:660.38px;">3. 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UBS<div style="display:inline-block;width:5.3px">&#160;</div>and the<div style="display:inline-block;width:5.51px">&#160;</div>other banks<div style="display:inline-block;width:5.72px">&#160;</div>have resolved </div><div id="a29761" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:929.22px;">those individual matters. </div><div id="a29763" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:955.14px;">In<div style="display:inline-block;width:5.36px">&#160;</div>2015, a<div style="display:inline-block;width:6.45px">&#160;</div>putative<div style="display:inline-block;width:5.26px">&#160;</div>class action<div style="display:inline-block;width:6.34px">&#160;</div>was filed<div style="display:inline-block;width:6.48px">&#160;</div>in<div style="display:inline-block;width:5.36px">&#160;</div>federal court<div style="display:inline-block;width:6.22px">&#160;</div>against UBS<div style="display:inline-block;width:6.55px">&#160;</div>and numerous<div style="display:inline-block;width:6.34px">&#160;</div>other banks<div style="display:inline-block;width:6.39px">&#160;</div>on<div style="display:inline-block;width:5.3px">&#160;</div>behalf of </div><div id="a29764" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:972.58px;">persons and<div style="display:inline-block;width:5.93px">&#160;</div>businesses in<div style="display:inline-block;width:5.71px">&#160;</div>the US<div style="display:inline-block;width:6.02px">&#160;</div>who directly<div style="display:inline-block;width:5.93px">&#160;</div>purchased foreign<div style="display:inline-block;width:5.66px">&#160;</div>currency from<div style="display:inline-block;width:5.63px">&#160;</div>the defendants<div style="display:inline-block;width:5.87px">&#160;</div>and alleged<div style="display:inline-block;width:5.87px">&#160;</div>co-</div><div id="a29766" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:989.86px;">conspirators for<div style="display:inline-block;width:5.96px">&#160;</div>their own<div style="display:inline-block;width:6.26px">&#160;</div>end use.<div style="display:inline-block;width:6.25px">&#160;</div>In<div style="display:inline-block;width:5.27px">&#160;</div>2022, the<div style="display:inline-block;width:6.25px">&#160;</div>court denied<div style="display:inline-block;width:6.34px">&#160;</div>plaintiffs&#8217; motion<div style="display:inline-block;width:5.76px">&#160;</div>for class<div style="display:inline-block;width:6.22px">&#160;</div>certification. In<div style="display:inline-block;width:6.2px">&#160;</div>March </div><div id="a29769" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1007.3px;">2023, the court granted defendants&#8217; summary<div style="display:inline-block;width:2.25px">&#160;</div>judgment motion, dismissing the case. Plaintiffs<div style="display:inline-block;width:2.35px">&#160;</div>have appealed. </div></div>
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<div id="a29773" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a29775" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a29777" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Consolidated financial information | UBS Group<div style="display:inline-block;width:1.27px">&#160;</div>AG interim consolidated financial information<div style="display:inline-block;width:1.25px">&#160;</div>(unaudited)<div style="display:inline-block;width:31.24px">&#160;</div>62 </div><div id="a29784" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;left:56.8px;top:48.75px;">Provisions and contingent liabilities<div style="display:inline-block;width:2.41px">&#160;</div>(continued) </div><div id="a29786" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-style:italic;left:56.8px;top:79.54px;">LIBOR and other benchmark-related regulatory<div style="display:inline-block;width:2.55px">&#160;</div>matters:</div><div id="a29789" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:388.55px;top:79.81px;"><div style="display:inline-block;width:3.84px">&#160;</div>Numerous government agencies conducted investigations </div><div id="a29791" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:97.09px;">regarding potential improper attempts by UBS, among others, to manipulate LIBOR and other benchmark rates at </div><div id="a29792" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:114.4px;">certain times. 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UBS<div style="display:inline-block;width:5.31px">&#160;</div>was granted conditional leniency or<div style="display:inline-block;width:5.44px">&#160;</div>conditional immunity from authorities </div><div id="a29795" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:149.12px;">in certain jurisdictions,<div style="display:inline-block;width:2.54px">&#160;</div>including the Antitrust<div style="display:inline-block;width:2.38px">&#160;</div>Division of the DOJ<div style="display:inline-block;width:2.51px">&#160;</div>and the Swiss Competition<div style="display:inline-block;width:2.01px">&#160;</div>Commission (WEKO), </div><div id="a29797" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:166.4px;">in connection with potential antitrust or competition law violations related to certain rates. 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Plaintiffs have appealed.<div style="display:inline-block;width:2.71px">&#160;</div></div></div>
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<div id="a29916" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a29918" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a29920" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Consolidated financial information | UBS Group<div style="display:inline-block;width:1.27px">&#160;</div>AG interim consolidated financial information<div style="display:inline-block;width:1.25px">&#160;</div>(unaudited)<div style="display:inline-block;width:31.24px">&#160;</div>63 </div><div id="a29927" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;left:56.8px;top:48.75px;">Provisions and contingent liabilities<div style="display:inline-block;width:2.41px">&#160;</div>(continued) </div><div id="a29929" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-style:italic;left:56.8px;top:79.54px;">Government bonds:</div><div id="a29930" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:176.67px;top:79.81px;"><div style="display:inline-block;width:4.48px">&#160;</div>Putative class actions<div style="display:inline-block;width:5.41px">&#160;</div>have been filed<div style="display:inline-block;width:5.42px">&#160;</div>since 2015 in<div style="display:inline-block;width:5.61px">&#160;</div>US federal courts<div style="display:inline-block;width:5.36px">&#160;</div>against UBS and<div style="display:inline-block;width:5.38px">&#160;</div>other </div><div id="a29932" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:97.09px;">banks<div style="display:inline-block;width:5.74px">&#160;</div>on<div style="display:inline-block;width:5.62px">&#160;</div>behalf<div style="display:inline-block;width:5.64px">&#160;</div>of<div style="display:inline-block;width:5.72px">&#160;</div>persons<div style="display:inline-block;width:5.5px">&#160;</div>who<div style="display:inline-block;width:5.71px">&#160;</div>participated<div style="display:inline-block;width:5.46px">&#160;</div>in<div style="display:inline-block;width:5.68px">&#160;</div>markets<div style="display:inline-block;width:5.41px">&#160;</div>for<div style="display:inline-block;width:5.67px">&#160;</div>US<div style="display:inline-block;width:5.81px">&#160;</div>Treasury<div style="display:inline-block;width:5.57px">&#160;</div>securities<div style="display:inline-block;width:5.57px">&#160;</div>since<div style="display:inline-block;width:5.63px">&#160;</div>2007.<div style="display:inline-block;width:5.57px">&#160;</div>A<div style="display:inline-block;width:5.81px">&#160;</div>consolidated </div><div id="a29933" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:114.4px;">complaint was filed in 2017 in the US District Court<div style="display:inline-block;width:5.42px">&#160;</div>for the Southern District of New York alleging that the banks </div><div id="a29935" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:131.84px;">colluded with<div style="display:inline-block;width:5.66px">&#160;</div>respect to,<div style="display:inline-block;width:5.69px">&#160;</div>and manipulated<div style="display:inline-block;width:5.63px">&#160;</div>prices of,<div style="display:inline-block;width:5.72px">&#160;</div>US Treasury<div style="display:inline-block;width:5.87px">&#160;</div>securities sold<div style="display:inline-block;width:5.39px">&#160;</div>at auction<div style="display:inline-block;width:5.84px">&#160;</div>and in<div style="display:inline-block;width:5.95px">&#160;</div>the secondary </div><div id="a29936" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:149.12px;">market and<div style="display:inline-block;width:5.56px">&#160;</div>asserting claims under<div style="display:inline-block;width:5.88px">&#160;</div>the antitrust<div style="display:inline-block;width:5.35px">&#160;</div>laws and<div style="display:inline-block;width:5.51px">&#160;</div>for unjust<div style="display:inline-block;width:5.54px">&#160;</div>enrichment. 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Client requests are assessed on a case-by-case basis. 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Litigation regulatory and similar matters<div style="display:inline-block;width:2.5px">&#160;</div>involving Credit Suisse entities </div><div id="a30009" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;color:#E60000;left:56.8px;top:755.9px;">1. 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<div id="a30052" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a30054" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a30056" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Consolidated financial information | UBS Group<div style="display:inline-block;width:1.27px">&#160;</div>AG interim consolidated financial information<div style="display:inline-block;width:1.25px">&#160;</div>(unaudited)<div style="display:inline-block;width:31.24px">&#160;</div>64 </div><div id="a30063" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;left:56.8px;top:48.75px;">Provisions and contingent liabilities<div style="display:inline-block;width:2.41px">&#160;</div>(continued) </div><div id="a30065" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-style:italic;left:56.8px;top:79.54px;">Civil litigation: Repurchase litigations</div><div id="a30069" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:274.79px;top:79.81px;"><div style="display:inline-block;width:3.84px">&#160;</div>&#8211; CSS LLC and/or certain of its affiliates<div style="display:inline-block;width:2.57px">&#160;</div>have also been named as defendants </div><div id="a30073" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:97.09px;">in various<div style="display:inline-block;width:5.6px">&#160;</div>civil litigation<div style="display:inline-block;width:5.46px">&#160;</div>matters related to<div style="display:inline-block;width:6.06px">&#160;</div>their roles<div style="display:inline-block;width:5.44px">&#160;</div>as issuer,<div style="display:inline-block;width:5.64px">&#160;</div>sponsor, depositor, underwriter<div style="display:inline-block;width:5.85px">&#160;</div>and/or servicer<div style="display:inline-block;width:5.35px">&#160;</div>of </div><div id="a30075" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:114.4px;">RMBS<div style="display:inline-block;width:6.06px">&#160;</div>transactions.<div style="display:inline-block;width:5.55px">&#160;</div>These<div style="display:inline-block;width:5.89px">&#160;</div>cases<div style="display:inline-block;width:5.99px">&#160;</div>currently<div style="display:inline-block;width:5.78px">&#160;</div>include<div style="display:inline-block;width:5.92px">&#160;</div>repurchase<div style="display:inline-block;width:5.67px">&#160;</div>actions<div style="display:inline-block;width:5.91px">&#160;</div>by<div style="display:inline-block;width:5.92px">&#160;</div>RMBS<div style="display:inline-block;width:5.74px">&#160;</div>trusts<div style="display:inline-block;width:5.86px">&#160;</div>and/or<div style="display:inline-block;width:5.99px">&#160;</div>trustees,<div style="display:inline-block;width:5.79px">&#160;</div>in<div style="display:inline-block;width:6px">&#160;</div>which </div><div id="a30076" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:131.84px;">plaintiffs<div style="display:inline-block;width:5.58px">&#160;</div>generally<div style="display:inline-block;width:5.54px">&#160;</div>allege<div style="display:inline-block;width:5.59px">&#160;</div>breached<div style="display:inline-block;width:5.66px">&#160;</div>representations<div style="display:inline-block;width:5.3px">&#160;</div>and<div style="display:inline-block;width:5.78px">&#160;</div>warranties<div style="display:inline-block;width:5.58px">&#160;</div>in<div style="display:inline-block;width:5.68px">&#160;</div>respect<div style="display:inline-block;width:5.56px">&#160;</div>of<div style="display:inline-block;width:5.72px">&#160;</div>mortgage<div style="display:inline-block;width:5.64px">&#160;</div>loans<div style="display:inline-block;width:5.78px">&#160;</div>and<div style="display:inline-block;width:5.78px">&#160;</div>failure<div style="display:inline-block;width:5.59px">&#160;</div>to </div><div id="a30079" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:149.12px;">repurchase such<div style="display:inline-block;width:5.57px">&#160;</div>mortgage loans<div style="display:inline-block;width:5.46px">&#160;</div>as required<div style="display:inline-block;width:5.68px">&#160;</div>under the<div style="display:inline-block;width:5.63px">&#160;</div>applicable agreements. 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The report called on the DOJ to investigate<div style="display:inline-block;width:2.19px">&#160;</div>Credit Suisse AG&#8217;s compliance with the 2014 plea. </div><div id="a30160" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:755.74px;">In February 2021,<div style="display:inline-block;width:5.41px">&#160;</div>a qui tam<div style="display:inline-block;width:5.45px">&#160;</div>complaint was filed<div style="display:inline-block;width:5.35px">&#160;</div>in the Eastern<div style="display:inline-block;width:5.44px">&#160;</div>District of Virginia, alleging<div style="display:inline-block;width:5.66px">&#160;</div>that Credit Suisse AG </div><div id="a30161" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:773.18px;">had violated the<div style="display:inline-block;width:2.5px">&#160;</div>False Claims Act<div style="display:inline-block;width:2.21px">&#160;</div>by failing to<div style="display:inline-block;width:2.4px">&#160;</div>disclose all US<div style="display:inline-block;width:2.52px">&#160;</div>accounts at the<div style="display:inline-block;width:2.25px">&#160;</div>time of the<div style="display:inline-block;width:2.47px">&#160;</div>2014 plea, which<div style="display:inline-block;width:2.31px">&#160;</div>allegedly </div><div id="a30162" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:790.46px;">allowed Credit Suisse AG to pay a criminal fine in 2014 that was purportedly lower than it should have been. The </div><div id="a30165" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:807.9px;">DOJ moved to<div style="display:inline-block;width:5.45px">&#160;</div>dismiss the case, and<div style="display:inline-block;width:5.71px">&#160;</div>the Court summarily dismissed<div style="display:inline-block;width:5.43px">&#160;</div>the suit. The case<div style="display:inline-block;width:5.71px">&#160;</div>is now on<div style="display:inline-block;width:5.61px">&#160;</div>appeal with the </div><div id="a30166" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:825.18px;">US Federal Court of Appeals for the Fourth<div style="display:inline-block;width:2.43px">&#160;</div>Circuit. </div><div id="a30168" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;color:#E60000;left:56.8px;top:851.1px;">3. Rates-related matters </div><div id="a30174" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-style:italic;left:56.8px;top:868.31px;">Regulatory matters</div><div id="a30175" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:169.95px;top:868.58px;">: Regulatory authorities in a number of jurisdictions, including the US, UK, EU and Switzerland, </div><div id="a30177" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:885.86px;">have for an extended period of time been conducting investigations into the setting of LIBOR and other reference </div><div id="a30178" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:903.3px;">rates with<div style="display:inline-block;width:5.51px">&#160;</div>respect to<div style="display:inline-block;width:5.77px">&#160;</div>a number<div style="display:inline-block;width:5.3px">&#160;</div>of currencies,<div style="display:inline-block;width:5.61px">&#160;</div>as well<div style="display:inline-block;width:5.47px">&#160;</div>as the<div style="display:inline-block;width:5.61px">&#160;</div>pricing of<div style="display:inline-block;width:5.44px">&#160;</div>certain related<div style="display:inline-block;width:5.58px">&#160;</div>derivatives. These<div style="display:inline-block;width:5.26px">&#160;</div>ongoing </div><div id="a30181" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:920.58px;">investigations have included<div style="display:inline-block;width:2.02px">&#160;</div>information requests from regulators<div style="display:inline-block;width:2.39px">&#160;</div>regarding LIBOR-setting practices<div style="display:inline-block;width:2.53px">&#160;</div>and reviews of </div><div id="a30184" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:937.86px;">the activities<div style="display:inline-block;width:2.19px">&#160;</div>of various<div style="display:inline-block;width:2.12px">&#160;</div>financial institutions,<div style="display:inline-block;width:1.66px">&#160;</div>including Credit<div style="display:inline-block;width:2.29px">&#160;</div>Suisse Group<div style="display:inline-block;width:2.32px">&#160;</div>AG, which<div style="display:inline-block;width:2.07px">&#160;</div>was a<div style="display:inline-block;width:2.38px">&#160;</div>member of<div style="display:inline-block;width:1.99px">&#160;</div>three LIBOR </div><div id="a30186" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:955.3px;">rate-setting panels<div style="display:inline-block;width:6.22px">&#160;</div>(US Dollar<div style="display:inline-block;width:6.3px">&#160;</div>LIBOR, Swiss<div style="display:inline-block;width:6.33px">&#160;</div>Franc LIBOR<div style="display:inline-block;width:6.26px">&#160;</div>and Euro<div style="display:inline-block;width:6.57px">&#160;</div>LIBOR). Credit<div style="display:inline-block;width:6.3px">&#160;</div>Suisse is<div style="display:inline-block;width:6.52px">&#160;</div>cooperating fully<div style="display:inline-block;width:5.96px">&#160;</div>with </div><div id="a30189" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:972.58px;">these investigations. </div></div>
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<div id="a30193" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a30195" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a30197" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Consolidated financial information | UBS Group<div style="display:inline-block;width:1.27px">&#160;</div>AG interim consolidated financial information<div style="display:inline-block;width:1.25px">&#160;</div>(unaudited)<div style="display:inline-block;width:31.24px">&#160;</div>65 </div><div id="a30204" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;left:56.8px;top:48.75px;">Provisions and contingent liabilities<div style="display:inline-block;width:2.41px">&#160;</div>(continued) </div><div id="a30206" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:79.81px;">Regulatory authorities in a number of jurisdictions, including WEKO,<div style="display:inline-block;width:2.46px">&#160;</div>the European Commission (Commission), the </div><div id="a30207" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:97.09px;">South<div style="display:inline-block;width:9.58px">&#160;</div>African<div style="display:inline-block;width:9.62px">&#160;</div>Competition<div style="display:inline-block;width:9.36px">&#160;</div>Commission<div style="display:inline-block;width:9.48px">&#160;</div>and<div style="display:inline-block;width:9.62px">&#160;</div>the<div style="display:inline-block;width:9.56px">&#160;</div>Brazilian<div style="display:inline-block;width:9.62px">&#160;</div>Competition<div style="display:inline-block;width:9.36px">&#160;</div>Authority<div 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Plaintiffs have appealed. </div><div id="a30327" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-style:italic;left:56.8px;top:816.11px;">CHF LIBOR litigation</div><div id="a30328" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:175.55px;top:816.38px;"><div style="display:inline-block;width:3.68px">&#160;</div>&#8211; In February 2015,<div style="display:inline-block;width:2.29px">&#160;</div>various banks that<div style="display:inline-block;width:2.46px">&#160;</div>served on the Swiss<div style="display:inline-block;width:2.48px">&#160;</div>franc LIBOR panel,<div style="display:inline-block;width:2.49px">&#160;</div>including Credit </div><div id="a30332" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:833.82px;">Suisse Group<div style="display:inline-block;width:5.68px">&#160;</div>AG, were<div style="display:inline-block;width:5.71px">&#160;</div>named in<div style="display:inline-block;width:5.58px">&#160;</div>a civil<div style="display:inline-block;width:5.72px">&#160;</div>putative class<div style="display:inline-block;width:5.5px">&#160;</div>action lawsuit<div style="display:inline-block;width:5.71px">&#160;</div>filed in<div style="display:inline-block;width:5.71px">&#160;</div>the SDNY,<div style="display:inline-block;width:5.69px">&#160;</div>alleging manipulation of </div><div id="a30333" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:851.26px;">Swiss franc LIBOR to benefit defendants&#8217; trading positions. 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In<div style="display:inline-block;width:6.73px">&#160;</div>February and September 2023,<div style="display:inline-block;width:6.14px">&#160;</div>respectively, the<div style="display:inline-block;width:6.63px">&#160;</div>court<div style="display:inline-block;width:5.35px">&#160;</div>entered orders<div style="display:inline-block;width:6.48px">&#160;</div>granting </div><div id="a30346" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:903.3px;">preliminary and final approval to the agreement<div style="display:inline-block;width:2.29px">&#160;</div>to settle all claims. </div><div id="a30349" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-style:italic;left:56.8px;top:928.79px;">Foreign exchange litigation &#8211;</div><div id="a30352" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:228.67px;top:929.06px;"><div style="display:inline-block;width:3.84px">&#160;</div>Credit Suisse Group AG and affiliates<div style="display:inline-block;width:2.26px">&#160;</div>as well as other financial institutions<div style="display:inline-block;width:2.32px">&#160;</div>have been </div><div id="a30354" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:946.5px;">named in civil lawsuits relating to the alleged<div style="display:inline-block;width:2.5px">&#160;</div>manipulation of foreign exchange<div style="display:inline-block;width:2.58px">&#160;</div>rates. </div><div id="a30356" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:972.42px;">Credit Suisse AG,<div style="display:inline-block;width:5.79px">&#160;</div>together with other<div style="display:inline-block;width:5.7px">&#160;</div>financial institutions, was<div style="display:inline-block;width:5.48px">&#160;</div>named in<div style="display:inline-block;width:5.26px">&#160;</div>a consolidated putative<div style="display:inline-block;width:5.53px">&#160;</div>class action in </div><div id="a30357" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:989.86px;">Israel, which made allegations similar to the consolidated class action. In April 2022, Credit Suisse entered into an </div><div id="a30361" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1007.3px;">agreement to settle all claims. The settlement<div style="display:inline-block;width:2.45px">&#160;</div>remains subject to court approval. </div></div>
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<div id="a30365" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a30367" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a30369" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Consolidated financial information | UBS Group<div style="display:inline-block;width:1.27px">&#160;</div>AG interim consolidated financial information<div style="display:inline-block;width:1.25px">&#160;</div>(unaudited)<div style="display:inline-block;width:31.24px">&#160;</div>66 </div><div id="a30377" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;left:56.8px;top:50.03px;">Provisions and contingent liabilities<div style="display:inline-block;width:2.41px">&#160;</div>(continued) </div><div id="a30379" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-style:italic;left:56.8px;top:80.82px;">Treasury markets<div style="display:inline-block;width:1.92px">&#160;</div>litigation</div><div id="a30380" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:211.55px;top:81.09px;"><div style="display:inline-block;width:3.04px">&#160;</div>&#8211; CSS<div style="display:inline-block;width:2.22px">&#160;</div>LLC, along<div style="display:inline-block;width:2.23px">&#160;</div>with over<div style="display:inline-block;width:2.08px">&#160;</div>20 other<div style="display:inline-block;width:2.11px">&#160;</div>primary dealers<div style="display:inline-block;width:1.93px">&#160;</div>of US<div style="display:inline-block;width:2.34px">&#160;</div>treasury securities,<div style="display:inline-block;width:1.81px">&#160;</div>was named </div><div id="a30384" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:98.37px;">in a number of<div style="display:inline-block;width:2.16px">&#160;</div>putative civil class<div style="display:inline-block;width:2.42px">&#160;</div>action complaints<div style="display:inline-block;width:2.55px">&#160;</div>in the US relating<div style="display:inline-block;width:2.11px">&#160;</div>to the US<div style="display:inline-block;width:2.55px">&#160;</div>treasury markets. 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Plaintiffs have appealed. </div><div id="a30504" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-style:italic;left:56.8px;top:852.11px;">Stock loan litigation:</div><div id="a30506" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:178.59px;top:852.38px;"><div style="display:inline-block;width:3.52px">&#160;</div>Credit Suisse Group<div style="display:inline-block;width:2.53px">&#160;</div>AG and certain<div style="display:inline-block;width:2.53px">&#160;</div>of its affiliates,<div style="display:inline-block;width:2.57px">&#160;</div>as well as<div style="display:inline-block;width:2.57px">&#160;</div>other financial institutions,<div style="display:inline-block;width:2.15px">&#160;</div>were </div><div id="a30508" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:869.86px;">originally named in<div style="display:inline-block;width:5.61px">&#160;</div>a number of<div style="display:inline-block;width:5.83px">&#160;</div>civil lawsuits in<div style="display:inline-block;width:5.69px">&#160;</div>the SDNY, certain<div style="display:inline-block;width:5.59px">&#160;</div>of which are<div style="display:inline-block;width:5.63px">&#160;</div>brought by<div style="display:inline-block;width:5.25px">&#160;</div>class action plaintiffs </div><div id="a30509" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:887.3px;">alleging that the<div style="display:inline-block;width:5.89px">&#160;</div>defendants conspired to<div style="display:inline-block;width:5.81px">&#160;</div>keep stock-loan<div style="display:inline-block;width:5.33px">&#160;</div>trading in<div style="display:inline-block;width:5.29px">&#160;</div>an over-the-counter market<div style="display:inline-block;width:5.54px">&#160;</div>and collectively </div><div id="a30517" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:904.58px;">boycotted certain trading platforms that sought to enter the market, and certain of<div style="display:inline-block;width:5.36px">&#160;</div>which are brought by trading </div><div id="a30518" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:921.86px;">platforms<div style="display:inline-block;width:5.3px">&#160;</div>that sought<div style="display:inline-block;width:6.51px">&#160;</div>to<div style="display:inline-block;width:5.4px">&#160;</div>enter the<div style="display:inline-block;width:6.68px">&#160;</div>market alleging<div style="display:inline-block;width:6.42px">&#160;</div>that the<div style="display:inline-block;width:6.68px">&#160;</div>defendants collectively<div style="display:inline-block;width:6.12px">&#160;</div>boycotted the<div style="display:inline-block;width:6.53px">&#160;</div>platforms. In </div><div id="a30522" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:939.3px;">January 2022, Credit Suisse entered into an agreement<div style="display:inline-block;width:2.1px">&#160;</div>to settle all class action claims. In February 2022, the<div style="display:inline-block;width:2.41px">&#160;</div>court </div><div id="a30525" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:956.58px;">entered an<div style="display:inline-block;width:5.55px">&#160;</div>order granting preliminary<div style="display:inline-block;width:5.98px">&#160;</div>approval to<div style="display:inline-block;width:5.31px">&#160;</div>the agreement<div style="display:inline-block;width:5.46px">&#160;</div>to settle<div style="display:inline-block;width:5.58px">&#160;</div>all class<div style="display:inline-block;width:5.5px">&#160;</div>action claims.<div style="display:inline-block;width:5.54px">&#160;</div>The settlement </div><div id="a30526" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:973.86px;">remains subject to final court approval.<div style="display:inline-block;width:2.66px">&#160;</div></div></div>
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<div id="a30530" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a30532" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a30534" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Consolidated financial information | UBS Group<div style="display:inline-block;width:1.27px">&#160;</div>AG interim consolidated financial information<div style="display:inline-block;width:1.25px">&#160;</div>(unaudited)<div style="display:inline-block;width:31.24px">&#160;</div>67 </div><div id="a30542" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;left:56.8px;top:50.03px;">Provisions and contingent liabilities<div style="display:inline-block;width:2.41px">&#160;</div>(continued) </div><div id="a30544" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:81.09px;">In October 2021,<div style="display:inline-block;width:2.13px">&#160;</div>in a consolidated<div style="display:inline-block;width:2.27px">&#160;</div>civil litigation brought<div style="display:inline-block;width:1.76px">&#160;</div>in the SDNY<div style="display:inline-block;width:2.44px">&#160;</div>by entities that<div style="display:inline-block;width:2.02px">&#160;</div>developed a trading<div style="display:inline-block;width:2.2px">&#160;</div>platform </div><div id="a30546" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:98.37px;">for stock loans that<div style="display:inline-block;width:5.33px">&#160;</div>sought to enter the<div style="display:inline-block;width:5.49px">&#160;</div>market, alleging that the<div style="display:inline-block;width:5.28px">&#160;</div>defendants collectively boycotted the platform, </div><div id="a30547" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:115.84px;">the court<div style="display:inline-block;width:2.04px">&#160;</div>granted defendants&#8217;<div style="display:inline-block;width:1.63px">&#160;</div>motion to<div style="display:inline-block;width:2.13px">&#160;</div>dismiss. In<div style="display:inline-block;width:2.2px">&#160;</div>October 2021,<div style="display:inline-block;width:2.12px">&#160;</div>plaintiffs filed<div style="display:inline-block;width:1.94px">&#160;</div>a notice<div style="display:inline-block;width:2.2px">&#160;</div>of appeal.<div style="display:inline-block;width:2.05px">&#160;</div>In March<div style="display:inline-block;width:2.1px">&#160;</div>2023, </div><div id="a30553" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:133.12px;">the Second Circuit affirmed the decision granting<div style="display:inline-block;width:2.37px">&#160;</div>defendants&#8217; motion to dismiss. </div><div id="a30555" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-style:italic;left:56.8px;top:158.77px;">Odd-lot corporate bond litigation: </div><div id="a30560" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:262.63px;top:159.04px;">In April 2020, CSS LLC and<div style="display:inline-block;width:2.5px">&#160;</div>other financial institutions were<div style="display:inline-block;width:2.44px">&#160;</div>named in a putative </div><div id="a30562" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:176.48px;">class action complaint<div style="display:inline-block;width:2.34px">&#160;</div>filed in the SDNY,<div style="display:inline-block;width:2.21px">&#160;</div>alleging a conspiracy<div style="display:inline-block;width:2.32px">&#160;</div>among the financial<div style="display:inline-block;width:2.21px">&#160;</div>institutions to boycott<div style="display:inline-block;width:2.48px">&#160;</div>electronic </div><div id="a30563" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:193.76px;">trading platforms and fix prices in the secondary market for odd-lot corporate bonds. 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<div id="a30694" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a30696" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a30698" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Consolidated financial information | UBS Group<div style="display:inline-block;width:1.27px">&#160;</div>AG interim consolidated financial information<div style="display:inline-block;width:1.25px">&#160;</div>(unaudited)<div style="display:inline-block;width:31.24px">&#160;</div>68 </div><div id="a30706" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;left:56.8px;top:50.03px;">Provisions and contingent liabilities<div style="display:inline-block;width:2.41px">&#160;</div>(continued) </div><div id="a30708" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:81.09px;">In Bermuda, in the civil lawsuit brought against<div style="display:inline-block;width:5.32px">&#160;</div>Credit Suisse Life (Bermuda) Ltd., a Credit Suisse<div style="display:inline-block;width:5.28px">&#160;</div>AG affiliate, trial </div><div id="a30709" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:98.37px;">took place in the Supreme Court<div style="display:inline-block;width:5.47px">&#160;</div>of Bermuda in November and December 2021. 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<div id="a30817" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a30819" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a30821" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Consolidated financial information | UBS Group<div style="display:inline-block;width:1.27px">&#160;</div>AG interim consolidated financial information<div style="display:inline-block;width:1.25px">&#160;</div>(unaudited)<div style="display:inline-block;width:31.24px">&#160;</div>69 </div><div id="a30829" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;left:56.8px;top:50.03px;">Provisions and contingent liabilities<div style="display:inline-block;width:2.41px">&#160;</div>(continued) </div><div id="a30831" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:81.09px;">FINMA also entered a decree announcing the conclusion of its enforcement proceeding, finding that Credit Suisse </div><div id="a30832" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:98.37px;">AG and Credit Suisse<div style="display:inline-block;width:5.65px">&#160;</div>(Schweiz) AG violated the<div style="display:inline-block;width:5.42px">&#160;</div>duty to file a<div style="display:inline-block;width:5.72px">&#160;</div>suspicious activity report in<div style="display:inline-block;width:5.34px">&#160;</div>Switzerland, and Credit </div><div id="a30833" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:115.84px;">Suisse<div style="display:inline-block;width:5.28px">&#160;</div>Group<div style="display:inline-block;width:5.27px">&#160;</div>AG<div style="display:inline-block;width:5.4px">&#160;</div>did<div style="display:inline-block;width:5.37px">&#160;</div>not<div style="display:inline-block;width:5.25px">&#160;</div>adequately manage<div style="display:inline-block;width:6.53px">&#160;</div>and<div style="display:inline-block;width:5.3px">&#160;</div>address<div style="display:inline-block;width:5.27px">&#160;</div>the<div style="display:inline-block;width:5.4px">&#160;</div>risks arising<div style="display:inline-block;width:6.67px">&#160;</div>from specific<div style="display:inline-block;width:6.49px">&#160;</div>sovereign lending<div style="display:inline-block;width:6.45px">&#160;</div>and </div><div id="a30835" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:133.12px;">related<div style="display:inline-block;width:10px">&#160;</div>securities<div style="display:inline-block;width:9.73px">&#160;</div>transactions,<div style="display:inline-block;width:9.71px">&#160;</div>and<div style="display:inline-block;width:9.94px">&#160;</div>ordering<div style="display:inline-block;width:9.87px">&#160;</div>the<div style="display:inline-block;width:9.88px">&#160;</div>bank<div style="display:inline-block;width:10.1px">&#160;</div>to<div style="display:inline-block;width:9.88px">&#160;</div>remediate<div style="display:inline-block;width:9.95px">&#160;</div>certain<div style="display:inline-block;width:9.73px">&#160;</div>deficiencies.<div style="display:inline-block;width:9.66px">&#160;</div>Credit<div style="display:inline-block;width:9.89px">&#160;</div>Suisse&#8217;s </div><div id="a30836" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:150.4px;">implementation of<div style="display:inline-block;width:6.19px">&#160;</div>the measures<div style="display:inline-block;width:6.38px">&#160;</div>required under<div style="display:inline-block;width:6.18px">&#160;</div>the FINMA<div style="display:inline-block;width:6.41px">&#160;</div>decree has<div style="display:inline-block;width:6.34px">&#160;</div>been reviewed<div style="display:inline-block;width:6.33px">&#160;</div>by<div style="display:inline-block;width:5.28px">&#160;</div>an independent<div style="display:inline-block;width:6.1px">&#160;</div>third </div><div id="a30838" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:167.84px;">party appointed by FINMA,<div style="display:inline-block;width:2.37px">&#160;</div>which review recommends some<div style="display:inline-block;width:2.4px">&#160;</div>enhancements to the measures<div style="display:inline-block;width:2.56px">&#160;</div>that Credit Suisse has </div><div id="a30839" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:185.12px;">implemented. 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<div id="a30917" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a30919" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a30921" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Consolidated financial information | UBS Group<div style="display:inline-block;width:1.27px">&#160;</div>AG interim consolidated financial information<div style="display:inline-block;width:1.25px">&#160;</div>(unaudited)<div style="display:inline-block;width:31.24px">&#160;</div>70 </div><div id="a30929" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;left:56.8px;top:50.03px;">Provisions and contingent liabilities<div style="display:inline-block;width:2.41px">&#160;</div>(continued) </div><div id="a30931" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;color:#E60000;left:56.8px;top:81.09px;">9. 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In March 2023,<div style="display:inline-block;width:2.02px">&#160;</div>the court granted<div style="display:inline-block;width:2.54px">&#160;</div>Credit Suisse AG&#8217;s motion<div style="display:inline-block;width:2.04px">&#160;</div>to dismiss. In<div style="display:inline-block;width:2.56px">&#160;</div>May 2023, the court<div style="display:inline-block;width:2.13px">&#160;</div>entered an </div><div id="a31022" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:523.24px;">order dismissing the case with prejudice.<div style="display:inline-block;width:2.53px">&#160;</div>In June 2023, plaintiff filed a notice of appeal. </div><div id="a31027" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;color:#E60000;left:56.8px;top:549px;">10. Bulgarian former clients matter </div><div id="a31030" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:566.44px;">Credit<div style="display:inline-block;width:5.57px">&#160;</div>Suisse<div style="display:inline-block;width:5.28px">&#160;</div>AG<div style="display:inline-block;width:5.4px">&#160;</div>has<div style="display:inline-block;width:5.41px">&#160;</div>been responding<div style="display:inline-block;width:6.8px">&#160;</div>to an<div style="display:inline-block;width:6.78px">&#160;</div>investigation by<div style="display:inline-block;width:6.43px">&#160;</div>the<div style="display:inline-block;width:5.4px">&#160;</div>Swiss Office<div style="display:inline-block;width:6.7px">&#160;</div>of<div style="display:inline-block;width:5.4px">&#160;</div>the<div style="display:inline-block;width:5.4px">&#160;</div>Attorney General<div style="display:inline-block;width:6.25px">&#160;</div>(SOAG) </div><div id="a31031" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:583.88px;">concerning the<div style="display:inline-block;width:6.25px">&#160;</div>diligence and<div style="display:inline-block;width:6.58px">&#160;</div>controls<div style="display:inline-block;width:5.33px">&#160;</div>applied<div style="display:inline-block;width:5.29px">&#160;</div>to a<div style="display:inline-block;width:6.77px">&#160;</div>historical relationship<div style="display:inline-block;width:6.47px">&#160;</div>with Bulgarian<div style="display:inline-block;width:6.58px">&#160;</div>former clients<div style="display:inline-block;width:6.52px">&#160;</div>who are </div><div id="a31032" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:601.16px;">alleged to<div style="display:inline-block;width:1.97px">&#160;</div>have laundered<div style="display:inline-block;width:2.16px">&#160;</div>funds through<div style="display:inline-block;width:2.22px">&#160;</div>Credit Suisse<div style="display:inline-block;width:2.14px">&#160;</div>AG accounts.<div style="display:inline-block;width:2px">&#160;</div>In December<div style="display:inline-block;width:1.88px">&#160;</div>2020, the<div style="display:inline-block;width:2.09px">&#160;</div>SOAG brought<div style="display:inline-block;width:2.08px">&#160;</div>charges </div><div id="a31036" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:618.46px;">against<div style="display:inline-block;width:5.6px">&#160;</div>Credit<div style="display:inline-block;width:5.89px">&#160;</div>Suisse<div style="display:inline-block;width:5.44px">&#160;</div>AG<div style="display:inline-block;width:5.56px">&#160;</div>and<div style="display:inline-block;width:5.78px">&#160;</div>other<div style="display:inline-block;width:5.52px">&#160;</div>parties.<div style="display:inline-block;width:5.47px">&#160;</div>Credit<div style="display:inline-block;width:5.73px">&#160;</div>Suisse<div style="display:inline-block;width:5.6px">&#160;</div>AG<div style="display:inline-block;width:5.72px">&#160;</div>believes<div style="display:inline-block;width:5.38px">&#160;</div>its<div style="display:inline-block;width:5.74px">&#160;</div>diligence<div style="display:inline-block;width:5.51px">&#160;</div>and<div style="display:inline-block;width:5.62px">&#160;</div>controls<div style="display:inline-block;width:5.81px">&#160;</div>complied with </div><div id="a31037" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:635.9px;">applicable legal requirements and intends to defend<div style="display:inline-block;width:5.26px">&#160;</div>itself vigorously.<div style="display:inline-block;width:5.74px">&#160;</div>The trial in the Swiss Federal Criminal Court </div><div id="a31040" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:653.18px;">took place in the first quarter of 2022. 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The Luxembourg Commission<div style="display:inline-block;width:2.24px">&#160;</div>de Surveillance du Secteur Financier is </div><div id="a31061" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:817.82px;">reviewing the matter through a third party. 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FINMA will appoint </div><div id="a31080" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:999.94px;">an audit officer to assess compliance with these supervisory<div style="display:inline-block;width:2.1px">&#160;</div>measures. Separate from the enforcement<div style="display:inline-block;width:2.52px">&#160;</div>proceeding </div><div id="a31083" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1017.22px;">regarding<div style="display:inline-block;width:5.8px">&#160;</div>Credit<div style="display:inline-block;width:5.73px">&#160;</div>Suisse,<div style="display:inline-block;width:5.69px">&#160;</div>FINMA<div style="display:inline-block;width:6.04px">&#160;</div>has<div style="display:inline-block;width:5.89px">&#160;</div>opened<div style="display:inline-block;width:5.64px">&#160;</div>four<div style="display:inline-block;width:5.84px">&#160;</div>enforcement<div style="display:inline-block;width:5.52px">&#160;</div>proceedings<div style="display:inline-block;width:5.72px">&#160;</div>against<div style="display:inline-block;width:5.76px">&#160;</div>former<div style="display:inline-block;width:5.73px">&#160;</div>managers<div style="display:inline-block;width:5.64px">&#160;</div>of<div style="display:inline-block;width:5.88px">&#160;</div>Credit </div><div id="a31084" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1034.5px;">Suisse. </div></div>
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<div id="a31088" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a31090" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a31092" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Consolidated financial information | UBS Group<div style="display:inline-block;width:1.27px">&#160;</div>AG interim consolidated financial information<div style="display:inline-block;width:1.25px">&#160;</div>(unaudited)<div style="display:inline-block;width:31.24px">&#160;</div>71 </div><div id="a31100" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;left:56.8px;top:50.03px;">Provisions and contingent liabilities<div style="display:inline-block;width:2.41px">&#160;</div>(continued) </div><div id="a31102" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:81.09px;">In May 2023,<div style="display:inline-block;width:2.25px">&#160;</div>FINMA opened<div style="display:inline-block;width:2.49px">&#160;</div>an enforcement<div style="display:inline-block;width:2.58px">&#160;</div>proceeding against<div style="display:inline-block;width:2.49px">&#160;</div>Credit Suisse in<div style="display:inline-block;width:2.31px">&#160;</div>order to confirm<div style="display:inline-block;width:2.17px">&#160;</div>compliance with </div><div id="a31105" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:98.37px;">supervisory requirements in response to inquiries<div style="display:inline-block;width:2.35px">&#160;</div>from FINMA&#8217;s enforcement division in the SCFF<div style="display:inline-block;width:2.44px">&#160;</div>matter. </div><div id="a31107" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:124.32px;">The Attorney<div style="display:inline-block;width:2.15px">&#160;</div>General of<div style="display:inline-block;width:2.23px">&#160;</div>the Canton<div style="display:inline-block;width:2.16px">&#160;</div>of Z&#252;rich<div style="display:inline-block;width:2.16px">&#160;</div>has initiated<div style="display:inline-block;width:2.27px">&#160;</div>a criminal<div style="display:inline-block;width:2.29px">&#160;</div>procedure in<div style="display:inline-block;width:2.05px">&#160;</div>connection with<div style="display:inline-block;width:2.18px">&#160;</div>the SCFF<div style="display:inline-block;width:2px">&#160;</div>matter. </div><div id="a31108" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:141.76px;">In such<div style="display:inline-block;width:5.42px">&#160;</div>procedure, while certain<div style="display:inline-block;width:5.4px">&#160;</div>former and active<div style="display:inline-block;width:5.61px">&#160;</div>Credit Suisse employees,<div style="display:inline-block;width:5.51px">&#160;</div>among others, have<div style="display:inline-block;width:5.57px">&#160;</div>been named as </div><div id="a31109" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:159.2px;">accused persons, Credit Suisse itself is not a party<div style="display:inline-block;width:2.53px">&#160;</div>to the procedure. </div><div id="a31112" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:184.96px;">Certain civil actions have<div style="display:inline-block;width:2.57px">&#160;</div>been filed by fund investors<div style="display:inline-block;width:2.12px">&#160;</div>and other parties against<div style="display:inline-block;width:2.55px">&#160;</div>Credit Suisse and/or certain<div style="display:inline-block;width:2.36px">&#160;</div>officers </div><div id="a31113" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:202.4px;">and directors in various<div style="display:inline-block;width:5.31px">&#160;</div>jurisdictions, which make allegations including mis-selling<div style="display:inline-block;width:5.26px">&#160;</div>and breaches of duties<div style="display:inline-block;width:5.38px">&#160;</div>of care, </div><div id="a31117" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:219.84px;">diligence and other fiduciary duties. 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<div id="a31216" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a31218" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a31220" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Consolidated financial information | UBS Group<div style="display:inline-block;width:1.27px">&#160;</div>AG interim consolidated financial information<div style="display:inline-block;width:1.25px">&#160;</div>(unaudited)<div style="display:inline-block;width:31.24px">&#160;</div>72 </div><div id="a31228" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;left:56.8px;top:50.03px;">Provisions and contingent liabilities<div style="display:inline-block;width:2.41px">&#160;</div>(continued) </div><div id="a31230" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;color:#E60000;left:56.8px;top:81.09px;">14. 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<div id="a31437" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a31439" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a31441" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Appendix<div style="display:inline-block;width:441.93px">&#160;</div>73 </div><div id="a31445" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:48px;left:56.8px;top:42.19px;">Appendix </div><div id="a31447" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:29.28px;left:56.8px;top:124.23px;">Alternative performance measures </div><div id="a31449" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;left:56.8px;top:187.5px;">Alternative performance measures </div><div id="a31452" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:218.4px;">An alternative performance measure (an APM) is a financial measure of historical or<div style="display:inline-block;width:5.35px">&#160;</div>future financial performance, </div><div id="a31453" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:235.84px;">financial position<div style="display:inline-block;width:5.8px">&#160;</div>or cash<div style="display:inline-block;width:5.93px">&#160;</div>flows other<div style="display:inline-block;width:5.85px">&#160;</div>than a<div style="display:inline-block;width:5.98px">&#160;</div>financial measure<div style="display:inline-block;width:5.67px">&#160;</div>defined or<div style="display:inline-block;width:5.86px">&#160;</div>specified in<div style="display:inline-block;width:5.99px">&#160;</div>the applicable<div style="display:inline-block;width:5.72px">&#160;</div>recognized </div><div id="a31454" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:253.12px;">accounting standards or in<div style="display:inline-block;width:5.58px">&#160;</div>other applicable regulations. 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APMs<div style="display:inline-block;width:5.46px">&#160;</div>are used </div><div id="a31463" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:287.84px;">to provide<div style="display:inline-block;width:1.79px">&#160;</div>a more<div style="display:inline-block;width:1.69px">&#160;</div>complete<div style="display:inline-block;width:2.54px">&#160;</div>picture of<div style="display:inline-block;width:1.89px">&#160;</div>operating<div style="display:inline-block;width:2.57px">&#160;</div>performance and<div style="display:inline-block;width:1.44px">&#160;</div>to reflect<div style="display:inline-block;width:1.82px">&#160;</div>management&#8217;s<div style="display:inline-block;width:2.38px">&#160;</div>view of<div style="display:inline-block;width:1.8px">&#160;</div>the fundamental </div><div id="a31468" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:305.12px;">drivers<div style="display:inline-block;width:5.37px">&#160;</div>of<div style="display:inline-block;width:5.43px">&#160;</div>the<div style="display:inline-block;width:5.4px">&#160;</div>business<div style="display:inline-block;width:5.42px">&#160;</div>results. A<div style="display:inline-block;width:6.78px">&#160;</div>definition<div style="display:inline-block;width:5.44px">&#160;</div>of<div style="display:inline-block;width:5.4px">&#160;</div>each<div style="display:inline-block;width:5.44px">&#160;</div>APM,<div style="display:inline-block;width:5.38px">&#160;</div>the<div style="display:inline-block;width:5.4px">&#160;</div>method<div style="display:inline-block;width:5.37px">&#160;</div>used<div style="display:inline-block;width:5.42px">&#160;</div>to<div style="display:inline-block;width:5.4px">&#160;</div>calculate<div style="display:inline-block;width:5.37px">&#160;</div>it<div style="display:inline-block;width:5.46px">&#160;</div>and<div style="display:inline-block;width:5.46px">&#160;</div>the<div style="display:inline-block;width:5.4px">&#160;</div>information </div><div id="a31471" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:322.4px;">content are presented in alphabetical order<div style="display:inline-block;width:2.44px">&#160;</div>in the table below. These APMs may<div style="display:inline-block;width:2.56px">&#160;</div>qualify as non-GAAP measures as </div><div id="a31476" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:339.84px;">defined by US Securities and Exchange Commission<div style="display:inline-block;width:2.15px">&#160;</div>(SEC) regulations. </div><div id="a31480" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:12px;color:#FFFFFF;left:60.64px;top:373.68px;">APM label </div><div id="a31482" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:12px;color:#FFFFFF;left:260.07px;top:373.68px;">Calculation<div style="display:inline-block;width:2.94px">&#160;</div></div><div id="a31484" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:12px;color:#FFFFFF;left:501.05px;top:373.2px;">Information content </div><div id="a31487" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:392.4px;">Active Digital Banking clients in </div><div id="a31488" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:404.4px;">Corporate &amp; Institutional Clients (%) </div><div id="a31490" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:416.4px;">&#8211; Personal &amp; Corporate Banking </div><div id="a31494" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:392.64px;">Calculated as the average number of active<div style="display:inline-block;width:1.43px">&#160;</div>clients for </div><div id="a31495" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:404.64px;">each month in the relevant period divided by the </div><div id="a31496" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:416.64px;">average number of total clients. &#8220;Clients&#8221; refers<div style="display:inline-block;width:1.36px">&#160;</div>to </div><div id="a31498" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:428.64px;">the number of unique business relationships or legal </div><div id="a31499" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:440.64px;">entities operated by Corporate &amp; Institutional<div style="display:inline-block;width:1.32px">&#160;</div>Clients, </div><div id="a31500" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:452.64px;">excluding clients that do not have an account,<div style="display:inline-block;width:1.24px">&#160;</div>mono-</div><div id="a31502" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:464.64px;">product clients and clients that have defaulted on </div><div id="a31503" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:476.64px;">loans or credit facilities. At the end of each month, </div><div id="a31505" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:488.64px;">any client that has logged on at least once in<div style="display:inline-block;width:1.39px">&#160;</div>that </div><div id="a31506" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:500.64px;">month is determined to be &#8220;active&#8221; (a log-in<div style="display:inline-block;width:1.42px">&#160;</div>time </div><div id="a31511" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:512.64px;">stamp is allocated to all business relationship numbers </div><div id="a31512" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:524.64px;">or per legal entity in a digital banking contract). </div><div id="a31514" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:392.64px;">This measure provides information about the </div><div id="a31515" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:404.64px;">proportion of active Digital Banking clients in the total </div><div id="a31516" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:416.64px;">number of UBS clients (within the aforementioned </div><div id="a31517" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:428.64px;">meaning) which are serviced by Corporate &amp; </div><div id="a31518" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:440.64px;">Institutional Clients. </div><div id="a31520" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:543.28px;">Active Digital Banking clients in </div><div id="a31521" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:555.28px;">Personal Banking (%) </div><div id="a31523" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:567.28px;">&#8211; Personal &amp; Corporate Banking </div><div id="a31527" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:543.52px;">Calculated as the average number of active<div style="display:inline-block;width:1.43px">&#160;</div>clients for </div><div id="a31528" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:555.52px;">each month in the relevant period divided by the </div><div id="a31529" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:567.52px;">average number of total clients. &#8220;Clients&#8221; refers<div style="display:inline-block;width:1.36px">&#160;</div>to </div><div id="a31531" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:579.52px;">the number of unique business relationships operated </div><div id="a31532" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:591.52px;">by Personal Banking, excluding persons<div style="display:inline-block;width:1.45px">&#160;</div>under the age </div><div id="a31533" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:603.52px;">of 15, clients who do not have a private account, </div><div id="a31534" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:615.55px;">clients domiciled outside Switzerland and clients<div style="display:inline-block;width:1.33px">&#160;</div>who </div><div id="a31535" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:627.55px;">have defaulted on loans or credit facilities. At the<div style="display:inline-block;width:1.35px">&#160;</div>end </div><div id="a31538" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:639.55px;">of each month, any client that has logged on<div style="display:inline-block;width:1.22px">&#160;</div>at least </div><div id="a31539" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:651.55px;">once in that month is determined to be &#8220;active&#8221;<div style="display:inline-block;width:1.32px">&#160;</div>(a </div><div id="a31541" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:663.55px;">log-in time stamp is allocated to all business </div><div id="a31544" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:675.55px;">relationship numbers in a digital banking contract). </div><div id="a31546" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:543.52px;">This measure provides information about the </div><div id="a31547" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:555.52px;">proportion of active Digital Banking clients in the total </div><div id="a31548" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:567.52px;">number of UBS clients (within the aforementioned </div><div id="a31549" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:579.52px;">meaning) who are serviced by Personal Banking. </div><div id="a31555" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:694.67px;">Active Mobile Banking clients in </div><div id="a31556" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:706.67px;">Personal Banking (%) </div><div id="a31558" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:718.67px;">&#8211; Personal &amp; Corporate Banking </div><div id="a31563" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:694.91px;">Calculated as the average number of active<div style="display:inline-block;width:1.43px">&#160;</div>clients for </div><div id="a31564" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:706.91px;">each month in the relevant period divided by the </div><div id="a31565" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:718.91px;">average number of total clients. &#8220;Clients&#8221; refers<div style="display:inline-block;width:1.36px">&#160;</div>to </div><div id="a31567" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:730.91px;">the number of unique business relationships operated </div><div id="a31568" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:742.91px;">by Personal Banking, excluding persons<div style="display:inline-block;width:1.45px">&#160;</div>under the age </div><div id="a31569" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:754.91px;">of 15, clients who do not have a private account, </div><div id="a31570" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:766.91px;">clients domiciled outside Switzerland and clients<div style="display:inline-block;width:1.33px">&#160;</div>who </div><div id="a31571" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:778.91px;">have defaulted on loans or credit facilities. At the<div style="display:inline-block;width:1.35px">&#160;</div>end </div><div id="a31574" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:790.91px;">of each month, any client that has logged on<div style="display:inline-block;width:1.38px">&#160;</div>via the </div><div id="a31575" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:802.91px;">mobile app at least once in that month is determined </div><div id="a31577" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:814.91px;">to be &#8220;active&#8221; (a log-in time stamp is allocated<div style="display:inline-block;width:1.42px">&#160;</div>to all </div><div id="a31580" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:826.91px;">business relationship numbers in a digital banking </div><div id="a31581" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:838.91px;">contract). </div><div id="a31583" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:694.91px;">This measure provides information about the </div><div id="a31584" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:706.91px;">proportion of active Mobile Banking clients in the </div><div id="a31585" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:718.91px;">total number of UBS clients (within the </div><div id="a31586" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:730.91px;">aforementioned meaning) who are serviced by </div><div id="a31587" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:742.91px;">Personal Banking. </div><div id="a31589" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:855.47px;">Cost / income ratio (%) </div><div id="a31591" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:855.71px;">Calculated as operating expenses divided by<div style="display:inline-block;width:1.42px">&#160;</div>total </div><div id="a31593" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:867.75px;">revenues. </div><div id="a31595" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:855.71px;">This measure provides information about the </div><div id="a31596" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:867.75px;">efficiency of the business by comparing operating </div><div id="a31598" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:879.75px;">expenses with gross income. </div><div id="a31600" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:896.95px;">Fee and trading income for Corporate<div style="display:inline-block;width:1.33px">&#160;</div>&amp; </div><div id="a31601" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:908.95px;">Institutional Clients (USD and CHF) </div><div id="a31604" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:920.95px;">&#8211; Personal &amp; Corporate Banking </div><div id="a31608" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:897.19px;">Calculated as the total of recurring net fee and </div><div id="a31609" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:909.19px;">transaction-based income for Corporate &amp; </div><div id="a31612" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:921.19px;">Institutional Clients. </div><div id="a31614" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:897.19px;">This measure provides information about the amount </div><div id="a31615" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:909.19px;">of fee and trading income for Corporate<div style="display:inline-block;width:1.4px">&#160;</div>&amp; </div><div id="a31616" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:921.19px;">Institutional Clients. </div></div>
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<div id="a31620" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a31622" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a31624" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Appendix<div style="display:inline-block;width:441.93px">&#160;</div>74 </div><div id="a31628" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:12px;color:#FFFFFF;left:60.64px;top:49.61px;">APM label </div><div id="a31630" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:12px;color:#FFFFFF;left:260.07px;top:49.61px;">Calculation<div style="display:inline-block;width:2.94px">&#160;</div></div><div id="a31632" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:12px;color:#FFFFFF;left:501.05px;top:49.13px;">Information content </div><div id="a31635" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:68.33px;">Fee-generating assets (USD) </div><div id="a31640" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:80.33px;">&#8211; Global Wealth Management </div><div id="a31644" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:68.58px;">Calculated as the sum of discretionary and </div><div id="a31645" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:80.58px;">nondiscretionary wealth management portfolios </div><div id="a31646" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:92.58px;">(mandate volume) and assets where generated </div><div id="a31647" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:104.58px;">revenues are predominantly of a recurring nature, i.e., </div><div id="a31648" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:116.61px;">mainly investment, mutual, hedge and private-market </div><div id="a31651" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:128.6px;">funds where we have a distribution agreement, </div><div id="a31653" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:140.6px;">including client commitments into closed-ended </div><div id="a31656" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:152.6px;">private-market funds from the date that recurring </div><div id="a31659" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:164.6px;">fees are charged. Assets related to our Global </div><div id="a31660" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:176.6px;">Financial Intermediaries business are excluded, as<div style="display:inline-block;width:1.43px">&#160;</div>are </div><div id="a31661" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:188.6px;">assets of sanctioned clients. </div><div id="a31664" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:68.58px;">This measure provides information about the volume </div><div id="a31665" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:80.58px;">of invested assets that create a revenue stream, </div><div id="a31666" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:92.58px;">whether as a result of the nature of the contractual </div><div id="a31667" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:104.58px;">relationship with clients or through the fee structure </div><div id="a31668" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:116.61px;">of the asset. An increase in the level of fee-generating </div><div id="a31672" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:128.6px;">assets results in an increase in the associated revenue </div><div id="a31673" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:140.6px;">stream. Assets of sanctioned clients are excluded from </div><div id="a31674" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:152.6px;">fee-generating assets. </div><div id="a31678" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:205.16px;">Fee-pool-comparable revenues (USD) </div><div id="a31684" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:217.16px;">&#8211; the Investment Bank </div><div id="a31688" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:205.4px;">Calculated as the total of revenues from: merger-and-</div><div id="a31696" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:217.4px;">acquisition-related transactions; Equity Capital </div><div id="a31699" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:229.4px;">Markets,<div style="display:inline-block;width:2.4px">&#160;</div>excluding derivatives; Leveraged Capital </div><div id="a31702" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:241.4px;">Markets, excluding the impact of mark-to-market </div><div id="a31707" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:253.4px;">movements on loan portfolios; and Debt<div style="display:inline-block;width:1.46px">&#160;</div>Capital </div><div id="a31708" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:265.4px;">Markets, excluding revenues related to debt </div><div id="a31709" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:277.4px;">underwriting of UBS instruments. </div><div id="a31712" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:205.4px;">This measure provides information about the amount </div><div id="a31713" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:217.4px;">of revenues in the Investment Bank that are </div><div id="a31715" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:229.4px;">comparable with the relevant global fee pools. </div><div id="a31718" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:299.08px;">Gross margin on invested assets (bps) </div><div id="a31720" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:311.08px;">&#8211; Asset Management </div><div id="a31724" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:299.32px;">Calculated as total revenues (annualized as applicable) </div><div id="a31726" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:311.32px;">divided by average invested assets. </div><div id="a31728" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:299.32px;">This measure provides information about the total </div><div id="a31729" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:311.32px;">revenues of the business in relation to invested assets. </div><div id="a31731" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:331.72px;">Impaired loan portfolio as a percentage </div><div id="a31732" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:343.72px;">of total loan portfolio, gross (%) </div><div id="a31735" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:355.72px;">&#8211; Global Wealth Management, </div><div id="a31739" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:367.76px;">Personal &amp; Corporate Banking </div><div id="a31741" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:331.96px;">Calculated as impaired loan portfolio divided by<div style="display:inline-block;width:1.41px">&#160;</div>total </div><div id="a31742" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:343.96px;">gross loan portfolio. </div><div id="a31744" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:331.96px;">This measure provides information about the </div><div id="a31745" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:343.96px;">proportion of impaired loan portfolio in the total gross </div><div id="a31746" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:355.96px;">loan portfolio. </div><div id="a31748" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:388.88px;">Integration-related expenses (USD) </div><div id="a31752" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:389.12px;">Generally include costs of internal staff<div style="display:inline-block;width:1.43px">&#160;</div>and </div><div id="a31754" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:401.12px;">contractors substantially dedicated to integration </div><div id="a31755" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:413.12px;">activities, retention awards, redundancy costs, </div><div id="a31758" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:425.12px;">incremental expenses from the shortening of useful </div><div id="a31759" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:437.12px;">lives of property, equipment and software, and </div><div id="a31760" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:449.12px;">impairment charges relating to these assets. </div><div id="a31761" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:461.12px;">Classification as integration-related expenses does<div style="display:inline-block;width:1.42px">&#160;</div>not </div><div id="a31764" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:473.12px;">affect the timing of recognition and measurement of </div><div id="a31765" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:485.12px;">those expenses or the presentation thereof in the </div><div id="a31766" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:497.12px;">income statement. Integration-related expenses </div><div id="a31771" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:509.12px;">incurred by Credit Suisse also included expenses </div><div id="a31773" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:521.12px;">associated with restructuring programs that existed </div><div id="a31774" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:533.12px;">prior to the acquisition. </div><div id="a31776" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:389.12px;">This measure provides information about expenses </div><div id="a31777" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:401.12px;">that are temporary, incremental and directly related to </div><div id="a31778" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:413.12px;">the integration of Credit Suisse into UBS. </div><div id="a31780" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:551.44px;">Invested assets (USD and CHF) </div><div id="a31782" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:563.44px;">&#8211; Global Wealth Management, </div><div id="a31786" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:575.44px;">Personal &amp; Corporate Banking, </div><div id="a31788" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:587.44px;">Asset Management </div><div id="a31790" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:551.68px;">Calculated as the sum of managed fund<div style="display:inline-block;width:1.39px">&#160;</div>assets, </div><div id="a31791" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:563.68px;">managed institutional assets, discretionary and </div><div id="a31792" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:575.68px;">advisory wealth management portfolios, fiduciary </div><div id="a31794" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:587.68px;">deposits, time deposits, savings accounts,<div style="display:inline-block;width:1.39px">&#160;</div>and wealth </div><div id="a31795" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:599.68px;">management securities or brokerage accounts. </div><div id="a31797" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:551.68px;">This measure provides information about the volume </div><div id="a31798" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:563.68px;">of client assets managed by or deposited with<div style="display:inline-block;width:1.39px">&#160;</div>UBS for </div><div id="a31799" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:575.68px;">investment purposes. </div><div id="a31801" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:619.47px;">Investment products for Personal </div><div id="a31802" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:631.47px;">Banking (USD and CHF) </div><div id="a31804" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:643.47px;">&#8211; Personal &amp; Corporate Banking </div><div id="a31808" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:619.71px;">Calculated as the sum of investment funds<div style="display:inline-block;width:1.32px">&#160;</div>(including </div><div id="a31809" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:631.71px;">UBS Vitainvest third-pillar pension funds, as<div style="display:inline-block;width:1.43px">&#160;</div>well as </div><div id="a31814" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:643.71px;">money market funds), mandates and third-party life </div><div id="a31817" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:655.71px;">insurance operated in Personal Banking. </div><div id="a31819" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:619.71px;">This measure provides information about the volume </div><div id="a31820" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:631.71px;">of investment funds (including UBS Vitainvest<div style="display:inline-block;width:1.34px">&#160;</div>third-</div><div id="a31822" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:643.71px;">pillar pension funds, as well as money<div style="display:inline-block;width:1.38px">&#160;</div>market funds), </div><div id="a31823" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:655.71px;">mandates and third-party life insurance operated in </div><div id="a31826" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:667.71px;">Personal Banking. </div><div id="a31828" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:687.47px;">Net interest margin (bps) </div><div id="a31830" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:699.47px;">&#8211; Personal &amp; Corporate Banking </div><div id="a31834" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:687.71px;">Calculated as net interest income (annualized<div style="display:inline-block;width:1.43px">&#160;</div>as </div><div id="a31835" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:699.71px;">applicable) divided by average loans. </div><div id="a31837" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:687.71px;">This measure provides information about the </div><div id="a31838" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:699.71px;">profitability of the business by calculating the </div><div id="a31839" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:711.71px;">difference between the price charged for lending and </div><div id="a31840" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:723.71px;">the cost of funding, relative to loan value. </div><div id="a31842" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:744.27px;">Net new assets (USD) </div><div id="a31844" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:756.27px;">&#8211; Global Wealth Management </div><div id="a31848" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:744.51px;">Calculated as the net amount of inflows and<div style="display:inline-block;width:1.39px">&#160;</div>outflows </div><div id="a31851" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:756.51px;">of invested assets (as defined in UBS policy) recorded </div><div id="a31852" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:768.51px;">during a specific period, plus interest and dividends. </div><div id="a31853" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:780.51px;">Excluded from the calculation are movements due to </div><div id="a31855" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:792.51px;">market performance, foreign exchange translation, </div><div id="a31856" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:804.51px;">fees, and the effects on invested assets of strategic </div><div id="a31860" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:816.51px;">decisions by UBS to exit markets or services.<div style="display:inline-block;width:1.3px">&#160;</div></div><div id="a31862" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:744.51px;">This measure provides information about the </div><div id="a31864" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:756.51px;">development of invested assets during a<div style="display:inline-block;width:1.39px">&#160;</div>specific </div><div id="a31865" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:768.51px;">period as a result of net new asset flows, plus the </div><div id="a31872" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:780.51px;">effect of interest and dividends.<div style="display:inline-block;width:2.06px">&#160;</div></div><div id="a31874" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:841.39px;">Net new assets growth rate (%) </div><div id="a31877" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:853.39px;">&#8211; Global Wealth Management </div><div id="a31881" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:841.63px;">Calculated as the net amount of inflows and<div style="display:inline-block;width:1.39px">&#160;</div>outflows </div><div id="a31882" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:853.63px;">of invested assets (as defined in UBS policy) recorded </div><div id="a31883" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:865.67px;">during a specific period (annualized as applicable), </div><div id="a31884" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:877.67px;">plus interest and dividends, divided by total invested </div><div id="a31887" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:889.67px;">assets at the beginning of the period. </div><div id="a31889" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:841.63px;">This measure provides information about the growth </div><div id="a31890" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:853.63px;">of invested assets during a specific period<div style="display:inline-block;width:1.4px">&#160;</div>as a result </div><div id="a31891" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:865.67px;">of net new asset flows.<div style="display:inline-block;width:2.1px">&#160;</div></div><div id="a31896" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:913.43px;">Net new fee-generating assets (USD) </div><div id="a31900" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:925.43px;">&#8211; Global Wealth Management </div><div id="a31904" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:913.67px;">Calculated as the net amount of fee-generating<div style="display:inline-block;width:1.16px">&#160;</div>asset </div><div id="a31907" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:925.67px;">inflows and outflows, including dividend<div style="display:inline-block;width:1.44px">&#160;</div>and interest </div><div id="a31910" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:937.67px;">inflows into mandates and outflows from mandate </div><div id="a31913" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:949.67px;">fees paid by clients during a specific period.<div style="display:inline-block;width:1.24px">&#160;</div>Excluded </div><div id="a31916" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:961.67px;">from the calculation are the effects on fee-generating </div><div id="a31921" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:973.67px;">assets of strategic decisions by UBS to exit<div style="display:inline-block;width:1.26px">&#160;</div>markets or </div><div id="a31924" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:985.67px;">services.<div style="display:inline-block;width:2.49px">&#160;</div></div><div id="a31926" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:913.67px;">This measure provides information about the </div><div id="a31928" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:925.67px;">development of fee-generating assets during<div style="display:inline-block;width:1.23px">&#160;</div>a </div><div id="a31932" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:937.67px;">specific period as a result of net flows, excluding </div><div id="a31934" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:949.67px;">movements due to market performance and<div style="display:inline-block;width:1.42px">&#160;</div>foreign </div><div id="a31936" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:961.67px;">exchange translation, as well as the effects on fee-</div><div id="a31938" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:973.67px;">generating assets of strategic decisions by UBS<div style="display:inline-block;width:1.31px">&#160;</div>to exit </div><div id="a31940" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:985.67px;">markets or services.<div style="display:inline-block;width:2.09px">&#160;</div></div></div>
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<div id="a31944" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a31946" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a31948" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Appendix<div style="display:inline-block;width:441.93px">&#160;</div>75 </div><div id="a31952" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:12px;color:#FFFFFF;left:60.64px;top:49.61px;">APM label </div><div id="a31954" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:12px;color:#FFFFFF;left:260.07px;top:49.61px;">Calculation<div style="display:inline-block;width:2.94px">&#160;</div></div><div id="a31956" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:12px;color:#FFFFFF;left:501.05px;top:49.13px;">Information content </div><div id="a31959" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:68.33px;">Net new investment products for </div><div id="a31960" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:80.33px;">Personal Banking (USD and CHF) </div><div id="a31962" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:92.33px;">&#8211; Personal &amp; Corporate Banking </div><div id="a31966" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:68.58px;">Calculated as the net amount of inflows and<div style="display:inline-block;width:1.39px">&#160;</div>outflows </div><div id="a31968" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:80.58px;">of investment products during a specific period. </div><div id="a31970" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:68.58px;">This measure provides information about the </div><div id="a31971" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:80.58px;">development of investment products during a specific </div><div id="a31972" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:92.58px;">period as a result of net new investment product </div><div id="a31973" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:104.58px;">flows. </div><div id="a31975" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:120.21px;">Net new money (USD) </div><div id="a31978" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:132.2px;">&#8211; Global Wealth Management, </div><div id="a31983" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:144.2px;">Asset Management </div><div id="a31985" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:120.45px;">Calculated as the net amount of inflows and<div style="display:inline-block;width:1.39px">&#160;</div>outflows </div><div id="a31988" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:132.44px;">of invested assets (as defined in UBS policy) recorded </div><div id="a31989" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:144.44px;">during a specific period. Excluded from the calculation </div><div id="a31991" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:156.44px;">are movements due to market performance, foreign </div><div id="a31993" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:168.44px;">exchange translation, dividends, interest and fees,<div style="display:inline-block;width:1.36px">&#160;</div>as </div><div id="a31995" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:180.44px;">well as the effects on invested assets of strategic </div><div id="a31999" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:192.44px;">decisions by UBS to exit markets<div style="display:inline-block;width:1.82px">&#160;</div>or services. Net new </div><div id="a32006" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:204.44px;">money is not measured for Personal &amp; Corporate </div><div id="a32007" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:216.44px;">Banking. </div><div id="a32009" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:120.45px;">This measure provides information about the </div><div id="a32011" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:132.44px;">development of invested assets during a<div style="display:inline-block;width:1.39px">&#160;</div>specific </div><div id="a32012" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:144.44px;">period as a result of net new money flows. </div><div id="a32015" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:233px;">Net new money growth rate (%) </div><div id="a32017" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:245px;">&#8211; Global Wealth Management </div><div id="a32021" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:233.24px;">Calculated as the net amount of inflows and<div style="display:inline-block;width:1.39px">&#160;</div>outflows </div><div id="a32022" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:245.24px;">of invested assets (as defined in UBS policy) recorded </div><div id="a32023" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:257.24px;">during a specific period (annualized as applicable) </div><div id="a32024" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:269.24px;">divided by total invested assets at the beginning<div style="display:inline-block;width:1.38px">&#160;</div>of </div><div id="a32025" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:281.24px;">the period.<div style="display:inline-block;width:2.38px">&#160;</div></div><div id="a32027" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:233.24px;">This measure provides information about the growth </div><div id="a32028" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:245.24px;">of invested assets during a specific period<div style="display:inline-block;width:1.4px">&#160;</div>as a result </div><div id="a32029" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:257.24px;">of net new money flows. </div><div id="a32031" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:303.72px;">Net profit growth (%) </div><div id="a32033" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:303.96px;">Calculated as the change in net profit attributable<div style="display:inline-block;width:1.34px">&#160;</div>to </div><div id="a32034" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:315.96px;">shareholders from continuing operations between </div><div id="a32035" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:327.96px;">current and comparison periods divided by net profit </div><div id="a32037" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:339.96px;">attributable to shareholders from continuing </div><div id="a32038" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:351.96px;">operations of the comparison period. </div><div id="a32040" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:303.96px;">This measure provides information about profit </div><div id="a32041" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:315.96px;">growth since the comparison period. </div><div id="a32043" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:374.48px;">Operating expenses (underlying) </div><div id="a32045" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:386.48px;">(USD) </div><div id="a32047" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:374.72px;">Calculated by adjusting operating expenses<div style="display:inline-block;width:1.38px">&#160;</div>as </div><div id="a32048" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:386.72px;">reported in accordance with International Financial </div><div id="a32049" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:398.72px;">Reporting Standards (IFRS) for items that </div><div id="a32050" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:410.72px;">management believes are not representative of the </div><div id="a32051" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:422.72px;">underlying performance of the businesses.</div><div id="a32053" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:16px;font-weight:bold;left:271.43px;top:429.43px;">&#8250;</div><div id="a32055" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:8.64px;font-weight:bold;left:282.63px;top:436.31px;">Refer to the &#8220;Group performance&#8221; section of this </div><div id="a32056" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:8.64px;font-weight:bold;left:282.63px;top:448.95px;">report for more information </div><div id="a32058" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:374.72px;">This measure provides information about the amount </div><div id="a32059" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:386.72px;">of operating expenses, while excluding items<div style="display:inline-block;width:1.39px">&#160;</div>that </div><div id="a32060" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:398.72px;">management believes are not representative of the </div><div id="a32061" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:410.72px;">underlying performance of the businesses. </div><div id="a32063" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:469.04px;">Operating profit / (loss) before tax </div><div id="a32064" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:481.04px;">(underlying) (USD) </div><div id="a32066" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:469.28px;">Calculated by adjusting operating profit / (loss) before </div><div id="a32067" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:481.28px;">tax as reported in accordance with International </div><div id="a32068" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:493.28px;">Financial Reporting Standards (IFRS) for items that </div><div id="a32071" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:505.28px;">management believes are not representative of the </div><div id="a32072" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:517.28px;">underlying performance of the businesses.</div><div id="a32074" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:16px;font-weight:bold;left:271.43px;top:523.99px;">&#8250;</div><div id="a32076" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:8.64px;font-weight:bold;left:282.63px;top:530.87px;">Refer to the &#8220;Group performance&#8221; section of this </div><div id="a32079" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:8.64px;font-weight:bold;left:282.63px;top:543.51px;">report for more information </div><div id="a32082" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:469.28px;">This measure provides information about the amount </div><div id="a32083" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:481.28px;">of operating profit / (loss) before tax, while excluding </div><div id="a32084" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:493.28px;">items that management believes are not </div><div id="a32085" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:505.28px;">representative of the underlying performance of the </div><div id="a32086" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:517.28px;">businesses. </div><div id="a32088" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:563.44px;">Pre-tax profit growth (%) </div><div id="a32092" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:575.44px;">&#8211; Global Wealth Management, </div><div id="a32096" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:587.44px;">Personal &amp; Corporate Banking, </div><div id="a32098" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:599.44px;">Asset Management, </div><div id="a32100" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:611.47px;">the Investment Bank </div><div id="a32102" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:563.68px;">Calculated as the change in net profit before tax </div><div id="a32103" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:575.68px;">attributable to shareholders from continuing </div><div id="a32104" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:587.68px;">operations between current and comparison periods </div><div id="a32105" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:599.68px;">divided by net profit before tax attributable to </div><div id="a32106" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:611.71px;">shareholders from continuing operations of the </div><div id="a32107" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:623.71px;">comparison period. </div><div id="a32110" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:563.68px;">This measure provides information about pre-tax </div><div id="a32113" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:575.68px;">profit growth since the comparison period. </div><div id="a32115" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:644.75px;">Pre-tax profit growth (underlying) (%) </div><div id="a32121" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:656.75px;">&#8211; Global Wealth Management, </div><div id="a32125" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:668.75px;">Personal &amp; Corporate Banking, </div><div id="a32127" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:680.75px;">Asset Management, </div><div id="a32129" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:692.75px;">the Investment Bank </div><div id="a32131" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:644.99px;">Calculated as the change in net profit before tax </div><div id="a32132" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:656.99px;">attributable to shareholders from continuing </div><div id="a32133" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:668.99px;">operations between current and comparison periods </div><div id="a32134" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:680.99px;">divided by net profit before tax attributable to </div><div id="a32135" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:692.99px;">shareholders from continuing operations of the </div><div id="a32136" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:704.99px;">comparison period. Net profit before tax attributable </div><div id="a32138" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:716.99px;">to shareholders from continuing operations excludes </div><div id="a32139" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:728.99px;">items that management believes are not </div><div id="a32140" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:740.99px;">representative of the underlying performance of the </div><div id="a32141" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:752.99px;">businesses and also excludes related tax impact. </div><div id="a32143" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:644.99px;">This measure provides information about pre-tax </div><div id="a32146" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:656.99px;">profit growth since the comparison period, while </div><div id="a32147" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:668.99px;">excluding items that management believes<div style="display:inline-block;width:1.34px">&#160;</div>are not </div><div id="a32148" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:680.99px;">representative of the underlying performance of the </div><div id="a32149" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:692.99px;">businesses. </div><div id="a32151" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:775.47px;">Recurring net fee income </div><div id="a32153" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:787.47px;">(USD and CHF) </div><div id="a32155" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:799.47px;">&#8211; Global Wealth Management, </div><div id="a32160" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:811.47px;">Personal &amp; Corporate Banking </div><div id="a32162" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:775.71px;">Calculated as the total of fees for services provided<div style="display:inline-block;width:1.36px">&#160;</div>on </div><div id="a32163" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:787.71px;">an ongoing basis, such as portfolio management<div style="display:inline-block;width:1.19px">&#160;</div>fees, </div><div id="a32164" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:799.71px;">asset-based investment fund fees and custody<div style="display:inline-block;width:1.31px">&#160;</div>fees, </div><div id="a32167" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:811.71px;">which are generated on client assets, and </div><div id="a32168" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:823.71px;">administrative fees for accounts. </div><div id="a32170" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:775.71px;">This measure provides information about the amount </div><div id="a32171" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:787.71px;">of recurring net fee income. </div><div id="a32173" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:845.23px;letter-spacing:-0.18px;">Return on attributed equity</div><div id="a32174" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:6.08px;font-weight:bold;left:187.23px;top:846.25px;">1</div><div id="a32175" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:190.59px;top:845.23px;letter-spacing:-0.26px;"><div style="display:inline-block;width:2.72px">&#160;</div>(%) </div><div id="a32178" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:845.47px;">Calculated as annualized business division<div style="display:inline-block;width:1.45px">&#160;</div>operating </div><div id="a32179" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:857.47px;">profit before tax divided by average attributed equity. </div><div id="a32181" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:845.47px;">This measure provides information about the </div><div id="a32183" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:857.47px;">profitability of the business divisions in relation to </div><div id="a32184" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:869.51px;">attributed equity. </div><div id="a32186" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:890.55px;letter-spacing:-0.19px;">Return on common equity tier 1 </div><div id="a32190" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:902.55px;">capital</div><div id="a32191" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:6.08px;font-weight:bold;left:91.07px;top:903.57px;">1</div><div id="a32192" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:94.27px;top:902.55px;"><div style="display:inline-block;width:2.72px">&#160;</div>(%) </div><div id="a32195" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:890.79px;">Calculated as annualized net profit attributable to </div><div id="a32196" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:902.79px;">shareholders divided by average common equity tier<div style="display:inline-block;width:1.35px">&#160;</div>1 </div><div id="a32200" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:914.79px;">capital. </div><div id="a32202" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:890.79px;">This measure provides information about the </div><div id="a32203" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:902.79px;">profitability of the business in relation to common </div><div id="a32204" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:914.79px;">equity tier 1 capital. </div><div id="a32208" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:935.83px;">Return on equity</div><div id="a32209" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:6.08px;font-weight:bold;left:140.19px;top:936.85px;">1</div><div id="a32210" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:143.55px;top:935.83px;"><div style="display:inline-block;width:2.88px">&#160;</div>(%) </div><div id="a32213" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:936.07px;">Calculated as annualized net profit attributable to </div><div id="a32214" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:948.07px;">shareholders divided by average equity attributable<div style="display:inline-block;width:1.34px">&#160;</div>to </div><div id="a32215" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:960.07px;">shareholders. </div><div id="a32217" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:936.07px;">This measure provides information about the </div><div id="a32218" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:948.07px;">profitability of the business in relation to equity. </div><div id="a32220" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:981.27px;">Return on leverage ratio denominator, </div><div id="a32221" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:993.27px;">gross</div><div id="a32222" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:6.08px;font-weight:bold;left:85.79px;top:994.29px;">1</div><div id="a32223" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:88.99px;top:993.27px;"><div style="display:inline-block;width:2.88px">&#160;</div>(%) </div><div id="a32226" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:981.51px;">Calculated as annualized total revenues divided by </div><div id="a32227" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:993.51px;">average leverage ratio denominator. </div><div id="a32230" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:981.51px;">This measure provides information about the revenues </div><div id="a32231" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:993.51px;">of the business in relation to the leverage ratio </div><div id="a32232" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:1005.51px;">denominator. </div></div>
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<div style="position:absolute; width:197.5px; height:1.9px; left:56.8px; top:172.3px; background-color:#FFFFFF; ">&#160;</div>
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<div style="position:absolute; width:240.2px; height:1.9px; left:497.2px; top:172.3px; background-color:#FFFFFF; ">&#160;</div>
<div style="position:absolute; width:240.2px; height:1.9px; left:497.2px; top:174.3px; background-color:#EBEAE5; ">&#160;</div>
<div style="position:absolute; width:197.5px; height:92.5px; left:56.8px; top:212.5px; background-color:#CCCABC; ">&#160;</div>
<div style="position:absolute; width:239.1px; height:92.5px; left:256.2px; top:212.5px; background-color:#EBEAE5; ">&#160;</div>
<div style="position:absolute; width:240px; height:92.5px; left:497.2px; top:212.5px; background-color:#EBEAE5; ">&#160;</div>
<div style="position:absolute; width:240px; height:92.5px; left:497.2px; top:212.5px; background-color:#EBEAE5; ">&#160;</div>
<div style="position:absolute; width:197.5px; height:1.9px; left:56.8px; top:210.6px; background-color:#FFFFFF; ">&#160;</div>
<div style="position:absolute; width:197.5px; height:92.5px; left:56.8px; top:212.5px; background-color:#CCCABC; ">&#160;</div>
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<div style="position:absolute; width:239.1px; height:92px; left:256.2px; top:306.9px; background-color:#EBEAE5; ">&#160;</div>
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<div style="position:absolute; width:240px; height:92px; left:497.2px; top:306.9px; background-color:#EBEAE5; ">&#160;</div>
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<div style="position:absolute; width:197.5px; height:92px; left:56.8px; top:306.9px; background-color:#CCCABC; ">&#160;</div>
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<div style="position:absolute; width:239.1px; height:92px; left:256.2px; top:306.9px; background-color:#EBEAE5; ">&#160;</div>
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<div style="position:absolute; width:239.1px; height:130.6px; left:256.2px; top:466.8px; background-color:#EBEAE5; ">&#160;</div>
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<div id="a32236" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a32238" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a32240" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Appendix<div style="display:inline-block;width:441.93px">&#160;</div>76 </div><div id="a32244" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:12px;color:#FFFFFF;left:60.64px;top:49.61px;">APM label </div><div id="a32246" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:12px;color:#FFFFFF;left:260.07px;top:49.61px;">Calculation<div style="display:inline-block;width:2.94px">&#160;</div></div><div id="a32248" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:12px;color:#FFFFFF;left:501.05px;top:49.13px;">Information content </div><div id="a32251" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:68.33px;">Return on tangible equity</div><div id="a32252" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:6.08px;font-weight:bold;left:181.95px;top:69.35px;">1</div><div id="a32253" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:185.15px;top:68.33px;"><div style="display:inline-block;width:2.88px">&#160;</div>(%) </div><div id="a32256" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:68.58px;">Calculated as annualized net profit attributable to </div><div id="a32258" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:80.58px;">shareholders divided by average equity attributable<div style="display:inline-block;width:1.34px">&#160;</div>to </div><div id="a32259" 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style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:129.88px;">Calculated as equity attributable to shareholders less </div><div id="a32272" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:141.88px;">goodwill and intangible assets divided by the<div style="display:inline-block;width:1.36px">&#160;</div>number </div><div id="a32273" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:153.88px;">of shares outstanding. </div><div id="a32275" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:129.88px;">This measure provides information about tangible net </div><div id="a32276" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:141.88px;">assets on a per-share basis. </div><div id="a32280" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:176.52px;">Total book value per share </div><div id="a32283" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:188.52px;">(USD) </div><div id="a32285" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:176.76px;">Calculated as equity attributable to shareholders </div><div id="a32286" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:188.76px;">divided by the number of shares outstanding. </div><div id="a32288" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:176.76px;">This measure provides information about net assets </div><div id="a32289" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:188.76px;">on a per-share basis. </div><div id="a32293" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:214.6px;">Total revenues (underlying) </div><div id="a32295" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:226.6px;">(USD) 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style="display:inline-block;width:1.3px">&#160;</div>(as </div><div id="a32352" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:415.2px;">defined above) divided by underlying total<div style="display:inline-block;width:1.47px">&#160;</div>revenues </div><div id="a32353" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:427.2px;">(as defined above).<div style="display:inline-block;width:2.13px">&#160;</div></div><div id="a32355" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:403.2px;">This measure provides information about the </div><div id="a32356" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:415.2px;">efficiency of the business by comparing operating </div><div id="a32358" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:427.2px;">expenses with total revenues, while excluding items </div><div id="a32361" 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style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:565.12px;">of the businesses and also excludes related tax </div><div id="a32382" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:577.12px;">impact. </div><div id="a32384" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:469.12px;">This measure provides information about profit </div><div id="a32385" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:481.12px;">growth since the comparison period, while excluding </div><div id="a32386" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:493.12px;">items that management believes are not </div><div id="a32387" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:505.12px;">representative of the underlying performance of the </div><div id="a32390" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:517.12px;">businesses. </div><div id="a32392" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:601.36px;">Underlying return on common equity </div><div id="a32393" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:60.64px;top:613.39px;">tier 1 capital</div><div id="a32396" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:6.08px;font-weight:bold;left:119.23px;top:614.38px;">1</div><div id="a32397" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:122.43px;top:613.39px;"><div style="display:inline-block;width:2.88px">&#160;</div>(%) </div><div id="a32400" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:601.6px;">Calculated as annualized net profit attributable to </div><div id="a32401" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:613.63px;">shareholders divided by average common equity<div style="display:inline-block;width:1.42px">&#160;</div>tier 1 </div><div id="a32404" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:625.63px;">capital. 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Net profit attributable to shareholders excludes </div><div id="a32430" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:727.23px;">items that management believes are not </div><div id="a32431" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:739.23px;">representative of the underlying performance of the </div><div id="a32432" style="position:absolute;font-family:&apos;Frutiger&apos;;left:260.07px;top:751.23px;">businesses and also excludes related tax impact. </div><div id="a32439" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:679.23px;">This measure provides information about the </div><div id="a32440" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:691.23px;">profitability of the business in relation to tangible </div><div id="a32441" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:703.23px;">equity, while excluding items that management </div><div id="a32442" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:715.23px;">believes are not representative of the underlying </div><div id="a32443" style="position:absolute;font-family:&apos;Frutiger&apos;;left:501.05px;top:727.23px;">performance of the businesses. </div><div id="a32445" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:6.72px;color:#9A3D37;left:56.8px;top:779.36px;">1 </div><div id="a32446" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:61.76px;top:777.59px;">Profit or loss information for each of the fourth quarter of 2023 and the third quarter of 2023 is presented on a consolidated basis,<div style="display:inline-block;width:3.66px">&#160;</div>including for each quarter Credit Suisse data for three months, and for the<div style="display:inline-block;width:3.52px">&#160;</div>purpose </div><div id="a32448" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:56.8px;top:787.67px;">of the calculation of return measures, has<div style="display:inline-block;width:3.54px">&#160;</div>been annualized multiplying such by four.<div style="display:inline-block;width:4.01px">&#160;</div>Profit or loss information for 2023 includes<div style="display:inline-block;width:3.54px">&#160;</div>seven months (June to December 2023, inclusive)<div style="display:inline-block;width:3.49px">&#160;</div>of Credit Suisse data for the year-to-</div><div id="a32454" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-size:8.64px;left:56.8px;top:797.91px;">date return measure. </div><div id="a32459" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:849.34px;">This is a general list of the APMs used in our<div style="display:inline-block;width:2.58px">&#160;</div>financial reporting. Not all of the APMs<div style="display:inline-block;width:2.5px">&#160;</div>listed above may appear in </div><div id="a32463" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:865.22px;">this particular report.</div><div id="a32466" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:8.64px;left:56.8px;top:890.82px;"><div style="display:inline-block;width:2.4px">&#160;</div></div></div>
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<div id="a32468" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a32470" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a32472" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Appendix<div style="display:inline-block;width:441.93px">&#160;</div>77 </div><div id="a32476" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:59.36px;top:45.26px;">Information related to underlying return on common equity tier 1 (CET1) capital and underlying return on tangible </div><div id="a32477" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:59.36px;top:59.18px;">equity (%) </div><div id="a32481" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:468.57px;top:73.62px;">As of or for the quarter ended</div><div id="a32484" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:628.13px;top:73.62px;">As of or for the year ended</div><div id="a32486" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;font-style:italic;left:59.36px;top:86.26px;">USD m</div><div id="a32489" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:456.57px;top:86.26px;">31.12.23</div><div id="a32491" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:521.37px;top:86.26px;">30.9.23</div><div id="a32493" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:576.57px;top:86.26px;">31.12.22</div><div id="a32496" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:640.61px;top:86.26px;">31.12.23</div><div id="a32498" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:700.61px;top:86.26px;">31.12.22</div><div id="a32500" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:99.22px;">Underlying operating profit / (loss) before tax</div><div id="a32503" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:473.37px;top:99.22px;"><div style="display:inline-block;width:2.4px">&#160;</div>592</div><div id="a32506" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:533.37px;top:99.22px;"><div style="display:inline-block;width:2.4px">&#160;</div>914</div><div id="a32509" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:586.17px;top:99.22px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,869</div><div id="a32513" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:650.21px;top:99.22px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,963</div><div id="a32516" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:99.22px;"><div style="display:inline-block;width:2.4px">&#160;</div>8,500</div><div id="a32519" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:112.53px;">Underlying tax expense / (benefit)</div><div id="a32522" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:468.09px;top:112.53px;"><div style="display:inline-block;width:2.4px">&#160;</div>(329)</div><div id="a32525" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:533.37px;top:112.53px;"><div style="display:inline-block;width:2.4px">&#160;</div>623</div><div id="a32528" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:593.37px;top:112.53px;"><div style="display:inline-block;width:2.4px">&#160;</div>280</div><div id="a32532" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:650.21px;top:112.53px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,194</div><div id="a32535" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:112.53px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,909</div><div id="a32538" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:125.8px;">NCI</div><div id="a32541" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:482.97px;top:125.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>1</div><div id="a32544" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:542.97px;top:125.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>4</div><div id="a32547" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:603.01px;top:125.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>4</div><div id="a32551" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:662.21px;top:125.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>16</div><div id="a32554" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:722.21px;top:125.8px;"><div style="display:inline-block;width:2.4px">&#160;</div>32</div><div id="a32557" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:138.76px;">Underlying net profit / (loss)</div><div id="a32560" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:473.37px;top:138.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>920</div><div id="a32563" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:533.37px;top:138.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>287</div><div id="a32566" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:586.17px;top:138.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,585</div><div id="a32570" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:650.21px;top:138.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,753</div><div id="a32573" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:138.76px;"><div style="display:inline-block;width:2.4px">&#160;</div>6,559</div><div id="a32584" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:162.44px;">Underlying net profit / (loss), annualized</div><div id="a32587" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:466.17px;top:162.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>3,681</div><div id="a32590" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:526.17px;top:162.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>1,148</div><div id="a32593" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:586.17px;top:162.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>6,339</div><div id="a32597" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:650.21px;top:162.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>2,753</div><div id="a32600" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:710.21px;top:162.44px;"><div style="display:inline-block;width:2.4px">&#160;</div>6,559</div><div id="a32603" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:175.72px;">Tangible equity</div><div id="a32606" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:461.37px;top:175.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>79,770</div><div id="a32609" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:521.37px;top:175.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>77,465</div><div id="a32612" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:581.37px;top:175.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>50,609</div><div id="a32616" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:645.41px;top:175.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>79,770</div><div id="a32619" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:175.72px;"><div style="display:inline-block;width:2.4px">&#160;</div>50,609</div><div id="a32622" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:189px;">Average tangible equity</div><div id="a32625" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:461.37px;top:189px;"><div style="display:inline-block;width:2.4px">&#160;</div>78,617</div><div id="a32628" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:521.37px;top:189px;"><div style="display:inline-block;width:2.4px">&#160;</div>78,506</div><div id="a32631" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:581.37px;top:189px;"><div style="display:inline-block;width:2.4px">&#160;</div>50,078</div><div id="a32635" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:645.41px;top:189px;"><div style="display:inline-block;width:2.4px">&#160;</div>68,171</div><div id="a32638" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:189px;"><div style="display:inline-block;width:2.4px">&#160;</div>51,249</div><div id="a32641" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:202.28px;">CET1 capital</div><div id="a32644" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:461.37px;top:202.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>79,263</div><div id="a32647" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:521.37px;top:202.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>78,587</div><div id="a32650" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:581.37px;top:202.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>45,457</div><div id="a32654" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:645.41px;top:202.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>79,263</div><div id="a32657" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:202.28px;"><div style="display:inline-block;width:2.4px">&#160;</div>45,457</div><div id="a32660" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:215.56px;">Average CET1 capital</div><div id="a32663" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:461.37px;top:215.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>78,925</div><div id="a32666" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:521.37px;top:215.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>79,422</div><div id="a32669" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:581.37px;top:215.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>45,061</div><div id="a32673" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:645.41px;top:215.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>66,449</div><div id="a32676" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:705.41px;top:215.56px;"><div style="display:inline-block;width:2.4px">&#160;</div>44,856</div><div id="a32679" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:228.36px;">Underlying return on tangible equity (%)</div><div id="a32682" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:475.77px;top:228.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>4.7</div><div id="a32685" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:535.77px;top:228.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>1.5</div><div id="a32688" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:590.97px;top:228.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>12.7</div><div id="a32692" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:659.81px;top:228.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>4.0</div><div id="a32695" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.01px;top:228.36px;"><div style="display:inline-block;width:2.4px">&#160;</div>12.8</div><div id="a32698" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:59.36px;top:241.96px;">Underlying return on common equity tier 1 capital</div><div id="a32701" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;color:#9A3D37;left:475.77px;top:241.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>4.7</div><div id="a32704" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:535.77px;top:241.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>1.4</div><div id="a32707" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:590.97px;top:241.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>14.1</div><div id="a32711" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:659.81px;top:241.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>4.1</div><div id="a32714" style="position:absolute;font-family:&apos;Frutiger 47 CN&apos;;left:715.01px;top:241.96px;"><div style="display:inline-block;width:2.4px">&#160;</div>14.6</div><div id="a32717" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:8.64px;left:56.8px;top:256.15px;"><div style="display:inline-block;width:2.4px">&#160;</div></div></div>
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<div id="a32719" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a32721" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a32723" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Appendix<div style="display:inline-block;width:441.93px">&#160;</div>78 </div><div id="a32728" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:18.72px;left:56.8px;top:51.26px;">Abbreviations frequently used in our financial reports </div><div id="a32731" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:56.8px;top:91.02px;">A </div><div id="a32733" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:106.67px;">ABS<div style="display:inline-block;width:51.19px">&#160;</div>asset-backed securities </div><div id="a32739" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:122.06px;">AG<div style="display:inline-block;width:55.2px">&#160;</div>Aktiengesellschaft </div><div id="a32743" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:137.41px;">AGM<div style="display:inline-block;width:44.53px">&#160;</div>Annual General Meeting of </div><div id="a32746" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:128.67px;top:152.77px;">shareholders </div><div id="a32748" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:168.13px;">A-IRB<div style="display:inline-block;width:43.86px">&#160;</div>advanced internal ratings-</div><div id="a32754" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:128.67px;top:183.33px;">based </div><div id="a32756" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:198.69px;">AIV<div style="display:inline-block;width:53.87px">&#160;</div>alternative investment </div><div id="a32759" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:128.67px;top:214.05px;">vehicle </div><div id="a32761" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:229.41px;">ALCO<div style="display:inline-block;width:41.87px">&#160;</div>Asset and Liability </div><div id="a32764" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:128.67px;top:244.77px;">Committee </div><div id="a32766" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:260.13px;">AMA<div style="display:inline-block;width:45.19px">&#160;</div>advanced measurement </div><div id="a32769" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:128.67px;top:275.33px;">approach </div><div id="a32771" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:290.69px;">AML<div style="display:inline-block;width:47.87px">&#160;</div>anti-money laundering </div><div id="a32777" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:306.05px;">AoA<div style="display:inline-block;width:49.19px">&#160;</div>Articles of Association </div><div id="a32782" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:321.41px;">APM<div style="display:inline-block;width:47.2px">&#160;</div>alternative performance </div><div id="a32785" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:128.67px;top:336.77px;">measure </div><div id="a32787" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:352.13px;">ARR<div style="display:inline-block;width:50.52px">&#160;</div>alternative reference rate </div><div id="a32791" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:367.37px;">ARS<div style="display:inline-block;width:51.19px">&#160;</div>auction rate securities </div><div id="a32795" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:382.73px;">ASF<div style="display:inline-block;width:52.54px">&#160;</div>available stable funding </div><div id="a32799" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:398.09px;">AT1<div style="display:inline-block;width:52.01px">&#160;</div>additional tier 1 </div><div id="a32803" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:413.45px;">AuM<div style="display:inline-block;width:46.52px">&#160;</div>assets under management </div><div id="a32808" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:56.8px;top:443.89px;">B </div><div id="a32810" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:459.37px;">BCBS<div style="display:inline-block;width:44.52px">&#160;</div>Basel Committee on </div><div id="a32813" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:128.67px;top:474.73px;">Banking Supervision </div><div id="a32815" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:490.09px;">BIS<div style="display:inline-block;width:56.53px">&#160;</div>Bank for International </div><div id="a32819" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:128.67px;top:505.45px;">Settlements </div><div id="a32821" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:520.81px;">BoD<div style="display:inline-block;width:50.52px">&#160;</div>Board of Directors </div><div id="a32826" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:56.8px;top:551.09px;">C </div><div id="a32828" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:566.73px;">CAO<div style="display:inline-block;width:47.2px">&#160;</div>Capital Adequacy </div><div id="a32831" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:128.67px;top:582.09px;">Ordinance </div><div id="a32833" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:597.45px;">CCAR<div style="display:inline-block;width:41.19px">&#160;</div>Comprehensive Capital </div><div id="a32836" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:128.67px;top:612.84px;">Analysis and Review </div><div id="a32838" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:628.2px;">CCF<div style="display:inline-block;width:50.54px">&#160;</div>credit conversion factor </div><div id="a32842" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:643.4px;">CCP<div style="display:inline-block;width:49.86px">&#160;</div>central counterparty </div><div id="a32846" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:658.76px;">CCR<div style="display:inline-block;width:49.19px">&#160;</div>counterparty credit risk </div><div id="a32850" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:674.12px;">CCRC<div style="display:inline-block;width:41.19px">&#160;</div>Corporate Culture and </div><div id="a32853" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:128.67px;top:689.48px;">Responsibility Committee </div><div id="a32855" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:704.84px;">CDS<div style="display:inline-block;width:49.86px">&#160;</div>credit default swap </div><div id="a32859" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:720.2px;">CEA<div style="display:inline-block;width:49.86px">&#160;</div>Commodity Exchange Act </div><div id="a32863" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:735.4px;">CEO<div style="display:inline-block;width:49.2px">&#160;</div>Chief Executive Officer </div><div id="a32867" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:750.76px;">CET1<div style="display:inline-block;width:45.19px">&#160;</div>common equity tier 1 </div><div id="a32871" 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style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:360.39px;top:643.4px;">governance </div><div id="a33014" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:288.55px;top:658.76px;">ESR<div style="display:inline-block;width:53.17px">&#160;</div>environmental and social </div><div id="a33017" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:360.39px;top:674.12px;">risk </div><div id="a33019" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:288.55px;top:689.48px;">ETD<div style="display:inline-block;width:51.84px">&#160;</div>exchange-traded derivatives </div><div id="a33025" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:288.55px;top:704.84px;">ETF<div style="display:inline-block;width:54.51px">&#160;</div>exchange-traded fund </div><div id="a33031" 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style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:360.39px;top:888.88px;">Corporation </div><div id="a33068" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:288.55px;top:904.24px;">FINMA<div style="display:inline-block;width:37.17px">&#160;</div>Swiss Financial Market </div><div id="a33071" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:360.39px;top:919.44px;">Supervisory Authority </div><div id="a33073" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:288.55px;top:934.8px;">FMIA<div style="display:inline-block;width:45.17px">&#160;</div>Swiss Financial Market </div><div id="a33076" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:360.39px;top:950.16px;">Infrastructure Act </div><div id="a33078" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:520.41px;top:91.31px;">FSB<div style="display:inline-block;width:53.84px">&#160;</div>Financial Stability Board </div><div id="a33082" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:520.41px;top:106.67px;">FTA<div style="display:inline-block;width:53.32px">&#160;</div>Swiss Federal Tax </div><div id="a33085" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:592.25px;top:122.06px;">Administration </div><div id="a33087" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:520.41px;top:137.41px;">FVA<div style="display:inline-block;width:51.84px">&#160;</div>funding valuation </div><div id="a33090" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:592.25px;top:152.77px;">adjustment </div><div id="a33092" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:520.41px;top:168.13px;">FVOCI<div style="display:inline-block;width:39.85px">&#160;</div>fair value through other </div><div id="a33095" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:592.25px;top:183.33px;">comprehensive income </div><div id="a33097" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:520.41px;top:198.69px;">FVTPL<div style="display:inline-block;width:41.86px">&#160;</div>fair value through profit or </div><div id="a33100" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:592.25px;top:214.05px;">loss </div><div id="a33102" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:520.41px;top:229.41px;">FX<div style="display:inline-block;width:59.18px">&#160;</div>foreign exchange </div><div id="a33107" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:520.41px;top:259.85px;">G </div><div id="a33109" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:520.41px;top:275.33px;">GAAP<div 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style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:592.25px;top:628.2px;">Reporting Interpretations </div><div id="a33182" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:592.25px;top:643.4px;">Committee </div><div id="a33184" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:520.41px;top:658.76px;">IFRS<div style="display:inline-block;width:51.17px">&#160;</div>International Financial </div><div id="a33187" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:592.25px;top:674.12px;">Reporting Standards </div><div id="a33189" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:520.41px;top:689.48px;">IRB<div style="display:inline-block;width:55.83px">&#160;</div>internal ratings-based </div><div id="a33195" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:520.41px;top:704.84px;">IRRBB<div style="display:inline-block;width:42.48px">&#160;</div>interest rate risk in the </div><div id="a33198" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:592.25px;top:720.2px;">banking book </div><div id="a33200" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:520.41px;top:735.4px;">ISDA<div style="display:inline-block;width:47.17px">&#160;</div>International Swaps and </div><div id="a33203" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:592.25px;top:750.76px;">Derivatives Association </div><div id="a33205" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:520.41px;top:766.12px;">ISIN<div style="display:inline-block;width:52.5px">&#160;</div>International Securities </div><div id="a33208" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:592.25px;top:781.48px;">Identification Number </div></div>
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<div id="a33211" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a33213" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a33215" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Appendix<div style="display:inline-block;width:441.93px">&#160;</div>79 </div><div id="a33220" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:18.72px;left:56.8px;top:51.26px;">Abbreviations frequently used in our financial reports (continued) </div><div id="a33223" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:56.8px;top:91.02px;">K </div><div id="a33225" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:106.67px;">KRT<div style="display:inline-block;width:51.8px">&#160;</div>Key Risk Taker </div><div id="a33230" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:56.8px;top:137.13px;">L </div><div id="a33232" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:152.77px;">LAS<div style="display:inline-block;width:52.54px">&#160;</div>liquidity-adjusted stress </div><div id="a33238" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:168.13px;">LCR<div style="display:inline-block;width:51.87px">&#160;</div>liquidity coverage ratio </div><div id="a33242" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:183.33px;">LGD<div style="display:inline-block;width:49.88px">&#160;</div>loss given default </div><div id="a33246" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:198.69px;">LIBOR<div style="display:inline-block;width:41.87px">&#160;</div>London Interbank Offered </div><div id="a33249" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:128.67px;top:214.05px;">Rate </div><div id="a33251" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:229.41px;">LLC<div style="display:inline-block;width:53.22px">&#160;</div>limited liability company </div><div id="a33255" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:244.77px;">LoD<div style="display:inline-block;width:51.87px">&#160;</div>lines of defense </div><div id="a33259" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:260.13px;">LRD<div style="display:inline-block;width:51.87px">&#160;</div>leverage ratio denominator </div><div id="a33263" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:275.33px;">LTIP<div 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style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:56.8px;top:382.45px;">N </div><div id="a33291" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:398.09px;">NII<div style="display:inline-block;width:58.54px">&#160;</div>net interest income </div><div id="a33295" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:413.45px;">NSFR<div style="display:inline-block;width:45.87px">&#160;</div>net stable funding ratio </div><div id="a33299" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:428.81px;">NYSE<div style="display:inline-block;width:44.54px">&#160;</div>New York Stock Exchange </div><div id="a33304" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:56.8px;top:459.09px;">O </div><div id="a33306" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:474.73px;">OCA<div style="display:inline-block;width:47.2px">&#160;</div>own credit adjustment </div><div id="a33311" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:490.09px;">OCI<div style="display:inline-block;width:52.54px">&#160;</div>other comprehensive </div><div id="a33314" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:128.67px;top:505.45px;">income </div><div id="a33316" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:520.81px;">OECD<div style="display:inline-block;width:41.2px">&#160;</div>Organisation for Economic </div><div id="a33319" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:128.67px;top:536.17px;">Co-operation and </div><div id="a33322" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:128.67px;top:551.37px;">Development </div><div id="a33324" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:566.73px;">OTC<div style="display:inline-block;width:49.2px">&#160;</div>over-the-counter </div><div id="a33333" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:56.8px;top:597.17px;">P </div><div id="a33335" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:612.84px;">PCI<div style="display:inline-block;width:55.2px">&#160;</div>purchased credit impaired </div><div id="a33339" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:628.2px;">PD<div style="display:inline-block;width:57.87px">&#160;</div>probability of default </div><div id="a33343" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:643.4px;">PIT<div style="display:inline-block;width:57.21px">&#160;</div>point in time </div><div id="a33347" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:658.76px;">PPA<div style="display:inline-block;width:52.76px">&#160;</div>purchase price allocation </div><div id="a33351" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:674.12px;">P&amp;L<div style="display:inline-block;width:52.54px">&#160;</div>profit or loss </div><div id="a33356" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:56.8px;top:704.55px;">Q</div><div id="a33358" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:56.8px;top:720.2px;">QCCP<div style="display:inline-block;width:41.2px">&#160;</div>Qualifying central </div><div id="a33361" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:128.67px;top:735.4px;">counterparty </div><div id="a33364" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:288.55px;top:91.02px;">R </div><div id="a33366" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:288.55px;top:106.67px;">RBC<div style="display:inline-block;width:50.49px">&#160;</div>risk-based capital </div><div id="a33372" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:288.55px;top:122.06px;">RbM<div style="display:inline-block;width:47.82px">&#160;</div>risk-based monitoring </div><div id="a33378" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:288.55px;top:137.41px;">REIT<div style="display:inline-block;width:50.5px">&#160;</div>real estate investment trust </div><div id="a33382" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:288.55px;top:152.77px;">RMBS<div style="display:inline-block;width:41.82px">&#160;</div>residential mortgage-</div><div id="a33386" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:360.39px;top:168.13px;">backed securities </div><div id="a33388" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:288.55px;top:183.33px;">RniV<div style="display:inline-block;width:48.5px">&#160;</div>risks not in VaR </div><div id="a33392" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:288.55px;top:198.69px;">RoCET1<div style="display:inline-block;width:31.81px">&#160;</div>return on CET1 capital </div><div id="a33396" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:288.55px;top:214.05px;">RoU<div style="display:inline-block;width:50.49px">&#160;</div>right-of-use </div><div id="a33404" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:288.55px;top:229.41px;">rTSR<div style="display:inline-block;width:49.17px">&#160;</div>relative total shareholder </div><div id="a33407" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:360.39px;top:244.77px;">return </div><div id="a33409" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:288.55px;top:260.13px;">RWA<div style="display:inline-block;width:46.28px">&#160;</div>risk-weighted assets </div><div id="a33416" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:288.55px;top:290.41px;">S </div><div id="a33418" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:288.55px;top:306.05px;">SA<div style="display:inline-block;width:57.84px">&#160;</div>standardized approach or </div><div id="a33421" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:360.39px;top:321.41px;">soci&#233;t&#233; anonyme </div><div id="a33426" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:288.55px;top:336.77px;">SA-CCR<div style="display:inline-block;width:31.16px">&#160;</div>standardized approach for </div><div id="a33431" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:360.39px;top:352.13px;">counterparty credit risk </div><div id="a33433" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:288.55px;top:367.37px;">SAR<div style="display:inline-block;width:51.16px">&#160;</div>Special Administrative </div><div id="a33436" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:360.39px;top:382.73px;">Region of the People&#8217;s </div><div id="a33438" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:360.39px;top:398.09px;">Republic of 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style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:360.39px;top:490.09px;">transaction </div><div id="a33455" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:288.55px;top:505.45px;">SI<div style="display:inline-block;width:63.17px">&#160;</div>sustainable investing or </div><div id="a33458" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:360.39px;top:520.81px;">sustainable investment </div><div id="a33460" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:288.55px;top:536.17px;">SIBOR<div style="display:inline-block;width:41.16px">&#160;</div>Singapore Interbank </div><div id="a33463" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:360.39px;top:551.37px;">Offered Rate </div><div id="a33465" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:288.55px;top:566.73px;">SICR<div 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style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:360.39px;top:658.76px;">Function </div><div id="a33486" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:288.55px;top:674.12px;">SNB<div style="display:inline-block;width:51.16px">&#160;</div>Swiss National Bank </div><div id="a33490" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:288.55px;top:689.48px;">SOR<div style="display:inline-block;width:50.5px">&#160;</div>Singapore Swap Offer Rate </div><div id="a33494" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:288.55px;top:704.84px;">SPPI<div style="display:inline-block;width:51.17px">&#160;</div>solely payments of principal </div><div id="a33497" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:360.39px;top:720.2px;">and interest </div><div id="a33499" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:288.55px;top:735.4px;">SRB<div style="display:inline-block;width:52.49px">&#160;</div>systemically relevant bank </div><div id="a33503" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:288.55px;top:750.76px;">SRM<div style="display:inline-block;width:48.5px">&#160;</div>specific risk measure </div><div id="a33507" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:288.55px;top:766.12px;">SVaR<div style="display:inline-block;width:46.5px">&#160;</div>stressed value-at-risk </div><div id="a33515" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:520.41px;top:91.02px;">T </div><div id="a33517" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:520.41px;top:106.67px;">TBTF<div style="display:inline-block;width:47.84px">&#160;</div>too big to fail </div><div id="a33521" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:520.41px;top:122.06px;">TCFD<div style="display:inline-block;width:44.51px">&#160;</div>Task<div style="display:inline-block;width:4.9px">&#160;</div>Force on Climate-</div><div id="a33525" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:592.25px;top:137.41px;">related Financial Disclosures </div><div id="a33527" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:520.41px;top:152.77px;">TIBOR<div style="display:inline-block;width:41.16px">&#160;</div>Tokyo<div style="display:inline-block;width:4.74px">&#160;</div>Interbank Offered </div><div id="a33530" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:592.25px;top:168.13px;">Rate </div><div id="a33532" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:520.41px;top:183.33px;">TLAC<div style="display:inline-block;width:44.51px">&#160;</div>total loss-absorbing capacity </div><div id="a33538" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:520.41px;top:198.69px;">TTC<div style="display:inline-block;width:51.84px">&#160;</div>through the cycle </div><div id="a33543" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:520.41px;top:229.13px;">U </div><div id="a33545" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:520.41px;top:244.77px;">USD<div style="display:inline-block;width:49.83px">&#160;</div>US dollar </div><div id="a33550" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;font-weight:bold;left:520.41px;top:275.05px;">V </div><div id="a33552" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:520.41px;top:290.69px;">VaR<div style="display:inline-block;width:52.5px">&#160;</div>value-at-risk </div><div id="a33560" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:520.41px;top:306.05px;">VAT </div><div id="a33562" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:12px;left:592.25px;top:306.05px;">value added tax </div><div id="a33568" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:848.54px;">This is a<div style="display:inline-block;width:2.01px">&#160;</div>general list<div style="display:inline-block;width:2.43px">&#160;</div>of the<div style="display:inline-block;width:2.57px">&#160;</div>abbreviations frequently<div style="display:inline-block;width:2.5px">&#160;</div>used in<div style="display:inline-block;width:2.55px">&#160;</div>our financial<div style="display:inline-block;width:2.47px">&#160;</div>reporting. Not<div style="display:inline-block;width:2.48px">&#160;</div>all of the<div style="display:inline-block;width:1.84px">&#160;</div>listed abbreviations </div><div id="a33569" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:865.86px;">may appear in this particular report. </div><div id="a33573" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:8.64px;left:56.8px;top:895.94px;"><div style="display:inline-block;width:2.4px">&#160;</div></div></div>
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<div id="a33575" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a33577" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a33579" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Appendix<div style="display:inline-block;width:441.93px">&#160;</div>80 </div><div id="a33583" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:29.28px;left:56.8px;top:44.2px;">Information sources<div style="display:inline-block;width:8.62px">&#160;</div></div><div id="a33585" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;color:#E60000;left:56.8px;top:107.51px;">Reporting publications </div><div id="a33587" 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Messages are sent in English, German, French or Italian, with an option to </div><div id="a33747" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:792.54px;">select theme preferences for such alerts. </div><div id="a33749" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-weight:bold;left:56.8px;top:818.13px;">Form 20-F and other submissions to the US<div style="display:inline-block;width:2.46px">&#160;</div>Securities and Exchange Commission </div><div id="a33754" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:835.9px;">UBS files periodic<div style="display:inline-block;width:1.88px">&#160;</div>reports with<div style="display:inline-block;width:2.37px">&#160;</div>and submits<div style="display:inline-block;width:2.47px">&#160;</div>other information<div style="display:inline-block;width:2.4px">&#160;</div>to the<div style="display:inline-block;width:2.57px">&#160;</div>SEC. 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However, there is<div style="display:inline-block;width:5.63px">&#160;</div>a small amount<div style="display:inline-block;width:5.6px">&#160;</div>of additional information<div style="display:inline-block;width:5.29px">&#160;</div>in Form 20-F<div style="display:inline-block;width:5.67px">&#160;</div>that is not </div><div id="a33784" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:905.22px;">presented<div style="display:inline-block;width:5.59px">&#160;</div>elsewhere<div style="display:inline-block;width:5.46px">&#160;</div>and<div style="display:inline-block;width:5.78px">&#160;</div>is<div style="display:inline-block;width:5.63px">&#160;</div>particularly<div style="display:inline-block;width:5.67px">&#160;</div>targeted<div style="display:inline-block;width:5.63px">&#160;</div>at<div style="display:inline-block;width:5.71px">&#160;</div>readers<div style="display:inline-block;width:5.63px">&#160;</div>in<div style="display:inline-block;width:5.84px">&#160;</div>the<div style="display:inline-block;width:5.72px">&#160;</div>US.<div style="display:inline-block;width:5.74px">&#160;</div>Readers<div style="display:inline-block;width:5.53px">&#160;</div>are<div style="display:inline-block;width:5.81px">&#160;</div>encouraged<div style="display:inline-block;width:5.59px">&#160;</div>to<div style="display:inline-block;width:5.72px">&#160;</div>refer<div style="display:inline-block;width:5.71px">&#160;</div>to<div style="display:inline-block;width:5.72px">&#160;</div>this </div><div id="a33786" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:922.5px;">additional disclosure.<div style="display:inline-block;width:5.63px">&#160;</div>Any document<div style="display:inline-block;width:5.99px">&#160;</div>that filed<div style="display:inline-block;width:6.09px">&#160;</div>with the<div style="display:inline-block;width:6.09px">&#160;</div>SEC is<div style="display:inline-block;width:6.09px">&#160;</div>available on<div style="display:inline-block;width:6.08px">&#160;</div>the SEC&#8217;s<div style="display:inline-block;width:5.91px">&#160;</div>website: </div><div id="a33790" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-style:italic;left:635.33px;top:922.23px;">sec.gov</div><div id="a33791" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:679.65px;top:922.5px;">. Refer<div style="display:inline-block;width:6.01px">&#160;</div>to </div><div id="a33792" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;font-style:italic;left:56.8px;top:939.67px;">ubs.com/investors</div><div id="a33793" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:163.55px;top:939.94px;"><div style="display:inline-block;width:3.84px">&#160;</div>for more information. </div><div id="a33796" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:8.64px;left:56.8px;top:956.1px;"><div style="display:inline-block;width:2.4px">&#160;</div></div></div>
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<div id="a33798" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:1.09px;"><div style="display:inline-block;width:3.84px">&#160;</div></div><div id="a33800" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:1080.63px;">UBS Group fourth quarter 2023 report | </div><div id="a33802" style="position:absolute;font-family:&apos;Frutiger&apos;;left:243.23px;top:1080.87px;">Appendix<div style="display:inline-block;width:441.93px">&#160;</div>81 </div><div id="a33808" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:81.09px;"> </div><div id="a33809" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:99.21px;">Cautionary statement<div style="display:inline-block;width:1.27px">&#160;</div>regarding forward-looking statements<div style="display:inline-block;width:0.72px">&#160;</div>|</div><div id="a33821" style="position:absolute;font-family:&apos;Frutiger&apos;;left:345.99px;top:99.46px;"><div style="display:inline-block;width:2.4px">&#160;</div>This report contains<div style="display:inline-block;width:1.2px">&#160;</div>statements that<div style="display:inline-block;width:1.44px">&#160;</div>constitute &#8220;forward-looking<div style="display:inline-block;width:1.19px">&#160;</div>statements,&#8221; including<div style="display:inline-block;width:1.25px">&#160;</div>but </div><div id="a33825" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:111.01px;">not limited to management&#8217;s<div style="display:inline-block;width:4.22px">&#160;</div>outlook for UBS&#8217;s financial performance,<div style="display:inline-block;width:4.2px">&#160;</div>statements relating to the<div style="display:inline-block;width:4.17px">&#160;</div>anticipated effect of transactions<div style="display:inline-block;width:4.32px">&#160;</div>and strategic initiatives on </div><div id="a33827" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:122.37px;">UBS&#8217;s<div style="display:inline-block;width:4.23px">&#160;</div>business and<div style="display:inline-block;width:5.56px">&#160;</div>future<div style="display:inline-block;width:4.26px">&#160;</div>development and<div style="display:inline-block;width:5.42px">&#160;</div>goals<div style="display:inline-block;width:4.15px">&#160;</div>or<div style="display:inline-block;width:4.16px">&#160;</div>intentions to<div style="display:inline-block;width:5.5px">&#160;</div>achieve climate,<div style="display:inline-block;width:5.3px">&#160;</div>sustainability and<div style="display:inline-block;width:5.42px">&#160;</div>other social<div style="display:inline-block;width:5.43px">&#160;</div>objectives. While<div style="display:inline-block;width:5.5px">&#160;</div>these<div style="display:inline-block;width:4.23px">&#160;</div>forward-looking </div><div id="a33832" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:133.72px;">statements represent<div style="display:inline-block;width:4.76px">&#160;</div>UBS&#8217;s judgments,<div style="display:inline-block;width:4.29px">&#160;</div>expectations and<div style="display:inline-block;width:4.63px">&#160;</div>objectives concerning the<div style="display:inline-block;width:5px">&#160;</div>matters described,<div style="display:inline-block;width:4.4px">&#160;</div>a number<div style="display:inline-block;width:4.88px">&#160;</div>of risks,<div style="display:inline-block;width:4.71px">&#160;</div>uncertainties and<div style="display:inline-block;width:4.46px">&#160;</div>other important </div><div id="a33834" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:144.92px;">factors could cause actual developments and results to differ materially from UBS&#8217;s expectations. In particular,<div style="display:inline-block;width:4.65px">&#160;</div>terrorist activity and conflicts<div style="display:inline-block;width:3.08px">&#160;</div>in the Middle East, </div><div id="a33843" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:156.28px;">as well as the continuing Russia&#8211;Ukraine<div style="display:inline-block;width:1.3px">&#160;</div>war, may have significant impacts on global markets,<div style="display:inline-block;width:1.38px">&#160;</div>exacerbate global inflationary pressures, and slow<div style="display:inline-block;width:1.4px">&#160;</div>global growth. </div><div id="a33848" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:167.64px;">In addition,<div style="display:inline-block;width:4.85px">&#160;</div>the ongoing<div style="display:inline-block;width:4.76px">&#160;</div>conflicts may<div style="display:inline-block;width:4.65px">&#160;</div>continue to<div style="display:inline-block;width:4.78px">&#160;</div>cause significant<div style="display:inline-block;width:4.47px">&#160;</div>population displacement,<div style="display:inline-block;width:4.28px">&#160;</div>and lead<div style="display:inline-block;width:4.94px">&#160;</div>to shortages<div style="display:inline-block;width:4.7px">&#160;</div>of vital<div style="display:inline-block;width:4.94px">&#160;</div>commodities, including<div style="display:inline-block;width:4.29px">&#160;</div>energy </div><div id="a33850" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:179px;">shortages and food insecurity outside the areas immediately involved in armed conflict. 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The sequence in which the<div style="display:inline-block;width:4.2px">&#160;</div>factors above are presented is<div style="display:inline-block;width:4.43px">&#160;</div>not indicative of </div><div id="a34064" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:824.99px;">their likelihood<div style="display:inline-block;width:4.3px">&#160;</div>of occurrence<div style="display:inline-block;width:4.43px">&#160;</div>or the<div style="display:inline-block;width:4.31px">&#160;</div>potential magnitude of<div style="display:inline-block;width:5.01px">&#160;</div>their consequences. Our<div style="display:inline-block;width:4.77px">&#160;</div>business and<div style="display:inline-block;width:4.28px">&#160;</div>financial performance could<div style="display:inline-block;width:4.72px">&#160;</div>be affected<div style="display:inline-block;width:4.43px">&#160;</div>by other<div style="display:inline-block;width:4.47px">&#160;</div>factors </div><div id="a34066" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:836.35px;">identified in our past and future filings and reports, including<div style="display:inline-block;width:1.39px">&#160;</div>those filed with the US Securities and Exchange<div style="display:inline-block;width:1.4px">&#160;</div>Commission (the SEC). More detailed information </div><div id="a34068" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:847.71px;">about those factors is<div style="display:inline-block;width:1.34px">&#160;</div>set forth in documents<div style="display:inline-block;width:1.26px">&#160;</div>furnished by UBS<div style="display:inline-block;width:1.37px">&#160;</div>and filings made by<div style="display:inline-block;width:1.25px">&#160;</div>UBS with the SEC,<div style="display:inline-block;width:1.42px">&#160;</div>including the Risk Factors<div style="display:inline-block;width:1.12px">&#160;</div>filed on Form 6-K<div style="display:inline-block;width:1.31px">&#160;</div>with the 2Q23 </div><div id="a34074" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:859.07px;">UBS Group AG report on 31 August 2023 and the Annual Report on Form<div style="display:inline-block;width:1.31px">&#160;</div>20-F for the year ended 31 December 2022. 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Absolute changes between reporting periods disclosed in<div style="display:inline-block;width:4.35px">&#160;</div>the text, which can be </div><div id="a34091" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:915.43px;">derived from numbers presented in related tables, are calculated on<div style="display:inline-block;width:1.24px">&#160;</div>a rounded basis. </div><div id="a34093" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:937.11px;">Tables |</div><div id="a34094" style="position:absolute;font-family:&apos;Frutiger&apos;;left:92.19px;top:937.35px;"><div style="display:inline-block;width:2.88px">&#160;</div>Within tables, blank fields generally indicate non-applicability or that presentation of any content would not be meaningful, or that information is not </div><div id="a34098" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:948.87px;">available as of the relevant date or for the relevant period. Zero values generally indicate that the respective figure is zero on an actual or rounded basis.<div style="display:inline-block;width:1.36px">&#160;</div>Values </div><div id="a34100" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:960.23px;">that are zero on a rounded basis can be either negative<div style="display:inline-block;width:1.45px">&#160;</div>or positive on an actual basis. </div><div id="a34103" style="position:absolute;font-family:&apos;Frutiger&apos;;font-weight:bold;left:56.8px;top:982.71px;">Websites |</div><div id="a34106" style="position:absolute;font-family:&apos;Frutiger&apos;;left:104.51px;top:982.95px;"><div style="display:inline-block;width:2.56px">&#160;</div>In this report, any<div style="display:inline-block;width:1.21px">&#160;</div>website addresses are provided<div style="display:inline-block;width:1.23px">&#160;</div>solely for information<div style="display:inline-block;width:1.27px">&#160;</div>and are not intended<div style="display:inline-block;width:1.26px">&#160;</div>to be active links.<div style="display:inline-block;width:1.2px">&#160;</div>UBS is not incorporating<div style="display:inline-block;width:1.02px">&#160;</div>the contents </div><div id="a34110" style="position:absolute;font-family:&apos;Frutiger&apos;;left:56.8px;top:994.47px;">of any such websites into this report. </div></div>
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<img src="edgarq23ubsgroupagp85i0.gif" alt="edgarq23ubsgroupagp85i0" style="position:absolute;left:56.7px;top:893.3px;width:109.5px;height:40.4px;clip: rect(0px, 109.5px, 40.4px, 0px)">
<div id="a34117" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:738.3px;">UBS Group AG </div><div id="a34119" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:755.9px;">P.O. Box </div><div id="a34121" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:773.18px;">CH-8098 Zurich </div><div id="a34126" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.08px;left:56.8px;top:807.9px;">ubs.com </div></div>
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<div id="a34137" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:normal;left:56.8px;top:45.45px;">This<div style="display:inline-block;width:6.79px">&#160;</div>Form<div style="display:inline-block;width:6.5px">&#160;</div>6-K<div style="display:inline-block;width:6.57px">&#160;</div>is<div style="display:inline-block;width:6.82px">&#160;</div>hereby<div style="display:inline-block;width:6.51px">&#160;</div>incorporated<div style="display:inline-block;width:6.58px">&#160;</div>by<div style="display:inline-block;width:6.6px">&#160;</div>reference<div style="display:inline-block;width:6.55px">&#160;</div>into<div style="display:inline-block;width:6.7px">&#160;</div>(1)<div style="display:inline-block;width:6.68px">&#160;</div>each<div style="display:inline-block;width:6.64px">&#160;</div>of<div style="display:inline-block;width:6.62px">&#160;</div>the<div style="display:inline-block;width:6.66px">&#160;</div>registration<div style="display:inline-block;width:6.56px">&#160;</div>statements<div style="display:inline-block;width:6.5px">&#160;</div>on<div style="display:inline-block;width:6.72px">&#160;</div>Form<div style="display:inline-block;width:6.5px">&#160;</div>F-3 </div><div id="a34143" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:normal;left:56.8px;top:62.41px;">(Registration Numbers<div style="display:inline-block;width:5.82px">&#160;</div>333-263376, 333-272539<div style="display:inline-block;width:5.6px">&#160;</div>and 333-272452),<div style="display:inline-block;width:5.9px">&#160;</div>and on<div style="display:inline-block;width:5.95px">&#160;</div>Form S-8<div style="display:inline-block;width:5.92px">&#160;</div>(Registration Numbers<div style="display:inline-block;width:5.66px">&#160;</div>333-</div><div id="a34153" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:normal;left:56.8px;top:79.21px;">200634; 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<div id="a34202" style="position:absolute;font-family:&apos;Frutiger&apos;;font-size:14.72px;font-weight:bold;left:353.03px;top:45.28px;">SIGNATURES </div><div id="a34205" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:normal;left:104.83px;top:79.37px;">Pursuant to the requirements of the Securities Exchange Act of 1934, the<div style="display:inline-block;width:2.3px">&#160;</div>registrants have duly caused this </div><div id="a34206" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:normal;left:56.8px;top:96.33px;">report to be signed on their behalf by the undersigned, thereunto duly<div style="display:inline-block;width:2.28px">&#160;</div>authorized. </div><div id="a34210" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:normal;left:344.87px;top:146.92px;">UBS Group AG </div><div id="a34213" style="position:absolute;font-family:&apos;Times New 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Roman&apos;;font-size:14.72px;font-weight:normal;left:344.87px;top:534.8px;">Title:<div style="display:inline-block;width:15.19px">&#160;</div>President of the Executive Board </div><div id="a34281" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:normal;left:344.87px;top:585.52px;">By:<div style="display:inline-block;width:18.41px">&#160;</div>/s/ Todd Tuckner<div style="display:inline-block;width:85.63px">&#160;</div></div><div id="a34287" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:normal;color:#FFFFFF;left:573.53px;top:585.52px;">_</div><div id="a34289" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:normal;left:344.87px;top:602.32px;">Name:<div style="display:inline-block;width:7.32px">&#160;</div>Todd Tuckner </div><div id="a34292" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:normal;left:344.87px;top:619.3px;">Title:<div style="display:inline-block;width:15.19px">&#160;</div>Chief Financial Officer </div><div id="a34296" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:normal;left:344.87px;top:669.86px;">By:<div style="display:inline-block;width:18.41px">&#160;</div>/s/ Steffen Henrich<div style="display:inline-block;width:80.44px">&#160;</div></div><div id="a34299" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:normal;color:#FFFFFF;left:575.93px;top:669.86px;">_____________</div><div id="a34301" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:normal;left:344.87px;top:686.66px;">Name:<div style="display:inline-block;width:8.76px">&#160;</div>Steffen Henrich </div><div id="a34305" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:normal;left:344.87px;top:703.62px;">Title:<div style="display:inline-block;width:16.63px">&#160;</div>Controller<div style="display:inline-block;width:3.52px">&#160;</div></div><div id="a34312" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:normal;left:344.87px;top:770.98px;">Credit Suisse AG </div><div id="a34317" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:normal;left:344.87px;top:804.74px;">By:<div style="display:inline-block;width:7.37px">&#160;</div>/s/<div style="display:inline-block;width:11.05px">&#160;</div>Ulrich K&#246;rner<div style="display:inline-block;width:94.97px">&#160;</div></div><div id="a34324" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:normal;color:#FFFFFF;left:580.09px;top:804.74px;">______________</div><div id="a34326" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:normal;left:344.87px;top:821.54px;">Name:<div style="display:inline-block;width:7.32px">&#160;</div>Ulrich K&#246;rner </div><div id="a34329" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:normal;left:344.87px;top:838.5px;">Title:<div style="display:inline-block;width:15.19px">&#160;</div>Chief Executive Officer </div><div id="a34334" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:normal;left:344.87px;top:889.1px;">By:<div style="display:inline-block;width:7.37px">&#160;</div>/s/<div style="display:inline-block;width:11.05px">&#160;</div>Simon Grimwood<div style="display:inline-block;width:76.52px">&#160;</div></div><div id="a34341" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:normal;color:#FFFFFF;left:580.89px;top:889.1px;">_</div><div id="a34343" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:normal;left:344.87px;top:905.9px;">Name:<div style="display:inline-block;width:7.32px">&#160;</div>Simon Grimwood </div><div id="a34346" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:normal;left:344.87px;top:922.86px;">Title:<div style="display:inline-block;width:15.19px">&#160;</div>Chief Financial Officer </div><div id="a34350" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:normal;left:56.8px;top:956.62px;">Date:<div style="display:inline-block;width:7.32px">&#160;</div>February 6, 2024 </div></div>
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