UBS AG - Change in rating - UBNPNW, UBNPNX

Change in rating - UBNPNW, UBNPNX

UBS AG, 
acting through its London Branch
(Incorporated and domiciled in Switzerland)
(Registration number: CHE-101.329.561)
Share code: UBNPNW   ISIN: ZAE000211926
Share code: UBNPNX   ISIN: ZAE000211918
(“UBS AG” or the “Company”)

CHANGE IN RATING

UBS AG wishes to advise investors that Moody's has upgraded the long-term
senior debt rating of UBS AG from A2 to A1, and changed its outlook from
under review for possible upgrade to stable.

This concludes the review for upgrade initiated by Moody's on 12 October
2015. The upgrade was driven by factors related to Moody's measure of
intrinsic strength (Baseline Credit Assessment or BCA), namely leverage
ratio and earnings.


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
14 January 2016

Sponsor: UBS South Africa (Pty) Limited

Date: 14/01/2016 03:48:00 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.