Listing of 15,000,000 UBS Long/Short Certificates - UBOUTA UBS AG, London Branch (“UBS” or the “Company”) (Incorporated and domiciled in Switzerland) (Registration number: CH-270.3.004.646-4) Listing of 15,000,000 UBS Long/Short Certificates on RMI Holdings (Long) vs. MMI Holdings Ltd (Short) and Discovery Ltd (Short) – Series 9 The JSE Limited has granted UBS approval for the listing of 15,000,000 UBS Long/Short Certificates due 26 February 2015 referencing RMI Holdings (Long) vs. MMI Holdings Ltd (Short) and Discovery Ltd (Short). The listing is issued under the JSE Placement Document for the Issuance of South African Securities up to an authorised amount of ZAR 3 000 000 000. Trading will commence on 14 November 2014. INSTRUMENT NUMBER: 48371 APLHA CODE: UBOUTA ISIN: ZAE000198503 ISSUE SIZE (UNITS): 15,000,000 ISSUE PRICE(CENTS / UNIT): 2198 UNDERLYING EQUITIES: RMI Holdings Short Limited MMI Holdings Limited Discovery Limited LISTING DATE: 2014/11/14 EXPIRY DATE: 2015/02/26 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 13 November 2014 Debt Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 13/11/2014 08:30:00 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.