UFC: The Ultimate Ultimate 2 (also known as Ultimate Ultimate 1996 or UFC 11.5) was a mixed martial arts event held by the Ultimate Fighting Championship on December 7, 1996. The event took place at the Fair Park Arena in Birmingham, Alabama, and was broadcast live on pay-per-view in the United States, and released on home video.

The card featured an eight man tournament with two alternate bouts, and was the UFC's second "Ultimate Ultimate" tournament, held to find the best of the winners and runners up from past UFC events. This event was the first to introduce the "no grabbing of the fence" rule.

Ken Shamrock appeared as a guest on Late Night with Conan O'Brien on the mainstream network NBC to promote the event, a groundbreaking moment for the young sport of mixed martial arts.

UFC 10 and UFC 11 champion Mark Coleman was originally scheduled to compete in the tournament but was forced to withdraw from the event due to a virus.

The Ultimate Ultimate 1996 also marked the final appearance of UFC Hall of Famer Ken Shamrock before leaving the UFC to go to the World Wrestling Federation. Shamrock would not return to the UFC until 2002 at UFC 40.

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