UBS AG LONDON BRANCH - Listing of UBS Actively Managed Exchange Traded Notes linked to the EFPC Local Equity Portfolio Series 10

Listing of UBS Actively Managed Exchange Traded Notes linked to the EFPC Local Equity Portfolio – Series 10

UBS AG, London Branch
(“UBS AG” or the “Company”)
(Incorporated and domiciled in Switzerland)
(Registration number: CHE-101.329.561)

Listing of UBS Actively Managed Exchange Traded Notes linked to the EFPC
Local Equity Portfolio – Series 10.

The JSE Limited has granted UBS approval for the listing of UBS Portfolio
Notes linked to the EFPC Local Equity Portfolio (the "Reference Portfolio")
due 10 September 2024.

The Reference Portfolio is a notional South African Rand denominated
reference portfolio, created, actively managed and maintained by Absa Bank
Limited (the "Reference Portfolio Advisor").

The Reference Portfolio, whose composition may vary from time to time, is
actively managed by the Reference Portfolio Advisor and represents a
notional investment in the Reference Portfolio Components as described in
detail below.

The Reference Portfolio Advisor will delegate the management of the
Reference Portfolio to Efficient Private Clients (Pty) Ltd (the "Delegated
Reference Portfolio Advisor"). More information about Efficient Private
Clients (Pty) Ltd can be found at www.efpc.co.za. Efficient Private Clients
(Pty) Ltd is regulated by the Financial Sector Conduct Authority (Licence
No. 47481).

These listings are issued under the JSE Placement Document for the Issuance
of South African Securities up to an authorised amount of ZAR 14 000 000
000. Trading will commence on Friday, 06 September 2019.

INSTRUMENT NUMBER:               86885
ALPHA CODE:                      UEFPCB
ISIN:                            ZAE000277679
ISSUE SIZE (UNITS):              2,000,000
ISSUE PRICE (RAND/ UNIT):        100.00

UNDERLYING STOCK UNIVERSE:       FTSE/JSE Africa TOP40 Tradeable Index
                                 (Bloomberg ticker: TOP40 Index)
                                 FTSE/JSE Africa Mid Cap Index
                                 (Bloomberg ticker: MIDCAP Index)

UNDERLYING INDEX UNIVERSE:       FTSE/JSE Africa TOP40 Tradeable         Index
                                 (Bloomberg Ticker: TOP40 Index)

UNDERLYING EFT UNIVERSE:         JSE listed and approved ETFs

LISTING DATE:                    06 September 2019
EXPIRY DATE:                     10 September 2024

For further information kindly contact:
UBS KeyInvest South Africa
Tel.: +27 11 322 7129 / 7317
E-mail: keyinvestza@ubs.com
Web: http://keyinvest-za.ubs.com/products

Johannesburg
05 September 2019

Sponsor: UBS South Africa (Pty) Limited

Date: 05/09/2019 03:19:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.