UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

Date: March 29, 2021

UBS Group AG

Commission File Number: 1-36764

UBS AG

Commission File Number: 1-15060

(Registrants' Names)

Bahnhofstrasse 45, Zurich, Switzerland and
Aeschenvorstadt 1, Basel, Switzerland

(Address of principal executive offices)

Indicate by check mark whether the registrants file or will file annual reports under cover of Form 20‑F or Form 40-F.

Form 20-F  x                      Form 40-F  o 

This Form 6-K consists of the Annual Review 2020 of UBS Group AG and UBS AG, which appears immediately following this page.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned, thereunto duly authorized.

UBS Group AG

By: _/s/ David Kelly______________

Name:  David Kelly 

Title:    Managing Director

By: _/s/ Kelsang Tsün ______________

Name:  Kelsang Tsün

Title:    Executive Director

UBS AG

By: _/s/ David Kelly______________

Name:  David Kelly 

Title:    Managing Director

By: _/s/ Kelsang Tsün ______________

Name:  Kelsang Tsün

Title:    Executive Director

Date: March 29, 2021