UBS AG - Change in ratio on UBS Long/Short Certificates on Naspers Limited vs. Tencent Holdings Limited - UBNPNA

Change in ratio on UBS Long/Short Certificates on Naspers Limited vs. Tencent Holdings Limited  - UBNPNA

UBS AG
London Branch
(“UBS” or the “Company”)
(Incorporated and domiciled in Switzerland)
(Registration number: CH-270.3.004.646-4)
Alpha code: UBNPNA
ISIN: ZAE000189569

UBS Long/Short Certificates on Naspers Limited (Long) vs. Tencent Holdings Limited (Short) – Series 2 (the
"Certificates") - Impact of the share split announcement by Tencent Holdings Limited on

Holders of UBNPNA certificates are informed that, as a result of the corporate action announcement by Tencent Holding
Limited of its 1 for 5 shares split and in order to continue determining the value of the Certificates based on the
original pre-split size of the Short Reference Shares (as such terms are defined in the terms and conditions of the
Certificates), the Issuer has decided to amend certain terms and conditions of the Certificates effective 16 May 2014.

The “Short Shares” (or “N”) has changed from 1.534438 to 7.672192. The "Short Initial Level" (in ZAR) (or "Y0") has
changed from 639.05 to 127.81. The Issue Price per certificate and Final Redemption Amount of the certificate formulae
remain unchanged.

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/

Johannesburg
16 May 2014

Debt Sponsor:
Rand Merchant Bank (A division of FirstRand Bank Limited)

Date: 16/05/2014 01:22:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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