UBS announces expected effective date of UBS AG's asset transfer to UBS Switzerland AG UBS AG London Branch (Incorporated and domiciled in Switzerland) (Registration number: CH-270.3.004.646-4) Share code: UBOUTB ISIN number: ZAE000201810 Share code: UBNPNR ISIN number: ZAE000205167 Share code: UBNPNS ISIN number: ZAE000205175 Share code: UBNPNQ ISIN number: ZAE000205191 (“UBS AG” or the “Company”) UBS announces expected effective date of UBS AG's asset transfer to UBS Switzerland AG Zurich/Basel, 9 June 2015 – As previously announced, UBS AG will transfer its Retail & Corporate and Wealth Management business booked in Switzerland to UBS Switzerland AG. UBS expects this transfer to become effective on 14 June 2015 (the asset transfer date). UBS may decide to defer the asset transfer date and, if it does so, will announce such deferral. Under the terms of the asset transfer agreement, UBS Switzerland AG will be jointly liable for the contractual obligations of UBS AG existing on the asset transfer date. Under the Swiss Merger Act, UBS AG will be jointly liable for obligations existing on the asset transfer date that are transferred to UBS Switzerland AG. Neither UBS AG nor UBS Switzerland AG will have any liability for new obligations incurred by the other entity after the asset transfer date. Accordingly, any new contractual obligations of UBS AG, including in connection with debt instruments of any kind with a settlement date occurring only after the asset transfer date, are not covered by UBS Switzerland AG's contractual joint liability. Johannesburg 9 June 2015 Sponsor: UBS South Africa (Pty) Limited UBS Group AG and UBS AG Investor contact Switzerland: +41-44-234 41 00 Media contact Switzerland: +41-44-234 85 00 UK: +44-207-567 47 14 Americas: +1-212-882 58 57 APAC: +852-297-1 82 00 Date: 09/06/2015 02:55:00 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.