<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xsi:schemaLocation="http://www.sec.gov/edgar/thirteenffiler eis_13F_Filer.xsd" xmlns:ns1="http://www.sec.gov/edgar/common" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns="http://www.sec.gov/edgar/thirteenffiler">
  <headerData>
    <submissionType>13F-NT</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <flags/>
      <filer>
        <credentials>
          <cik>0001114446</cik>
          <ccc>XXXXXXXX</ccc>
        </credentials>
      </filer>
      <periodOfReport>06-30-2022</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <reportCalendarOrQuarter>06-30-2022</reportCalendarOrQuarter>
      <isAmendment>false</isAmendment>
      <filingManager>
        <name>UBS AG</name>
        <address>
          <ns1:street1>600 WASHINGTON BLVD.</ns1:street1>
          <ns1:city>STAMFORD</ns1:city>
          <ns1:stateOrCountry>CT</ns1:stateOrCountry>
          <ns1:zipCode>06901</ns1:zipCode>
        </address>
      </filingManager>
      <reportType>13F NOTICE</reportType>
      <form13FFileNumber>028-10396</form13FFileNumber>
      <otherManagersInfo>
        <otherManager>
          <form13FFileNumber>028-16612</form13FFileNumber>
          <name>UBS Group AG</name>
        </otherManager>
      </otherManagersInfo>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>Nemanja Pantic</name>
      <title>Executive Director</title>
      <phone>41-44-239 62 08</phone>
      <signature>/s/ Nemanja Pantic</signature>
      <city>Zurich</city>
      <stateOrCountry>V8</stateOrCountry>
      <signatureDate>08-01-2022</signatureDate>
    </signatureBlock>
  </formData>
</edgarSubmission>
