Methodology Change | UBS Climate Aware Equity Index | Effective Date 05/01/2022

Today, on the 09/12/2021, Solactive announces the following changes to the methodology of the following Indices (the ‘Affected Indices’):

Rationale for Methodology Change

Due to a significant change in the calculation methodology in Scope 3 emissions provided by the Data Provider, Solactive will change the Base Day for the Affected Indices.

The Data Provider will update their Scope 3 emission methodology starting with 2020 data that will be released in January 2022. The improvements in methodology encompass usage of reported Scope 3 data and enhanced Scope 3 data modelling. Previously, all Scope 3 emission data were modelled.

The changes of the Scope 3 data are assessed to be significant due to the significant adjustment of the methodology to define Scope 3 emissions and due to the extent of changes in Scope 3 emissions values. As the Affected Indices follow the Commission Delegated Regulation (EU) 2020/1818, the proposed changes follow the methodology as described in Article 8 (2) of this regulation. Hence, a new Base Day shall be set in order to account for the change in underlying data during the first regular selection of the respective indices in 2022.

Changes to the Index Guideline

The following Methodology changes will be implemented in the following points of the Index Guideline (ordered in accordance with the numbering of the affected sections):

Section 1.3. Initial Level of the Index

From:

The initial level of the INDEX on the 03/02/2011, the START DATE, is 1000. Historical values from the 07/10/2021, the LIVE DATE, will be recorded in accordance with Article 8 of the BMR. Levels of the INDEX published for a period prior to the LIVE DATE have been back-tested. The INDEX follows a decarbonization trajectory that is based on the 08/01/2020, the BASE DAY.

To:

The initial level of the INDEX on the 03/02/2011, the START DATE, is 1000. Historical values from the 07/10/2021, the LIVE DATE, will be recorded in accordance with Article 8 of the BMR. Levels of the INDEX published for a period prior to the LIVE DATE have been back-tested. The INDEX follows a decarbonization trajectory that was initially, as of the LIVE DATE, based on the 08/01/2020. Due to substantial changes in the methodology of the input data provided by the DATA PROVIDER, the decarbonization was is re-based to 05/01/2022, the BASE DAY.

Defined terms used in this announcement, but not defined herein, have the meaning assigned to them in the respective index guideline of the Affected Indices. The amended version of the index guideline will be available on the effective date.