Listing of UBS Long/Short Certificates on Naspers Limited (Long) vs. Tencent Holdings Limited (Short) – Series 48-51 UBS AG, London Branch (“UBS AG” or the “Company”) (Incorporated and domiciled in Switzerland) (Registration number: CH-270.3.004.646-4) Listing of UBS Long/Short Certificates on Naspers Limited (Long) vs. Tencent Holdings Limited (Short) – Series 48-51 The JSE Limited has granted UBS approval for the listing of UBS Long/Short Certificates due 22 September 2017 referencing Naspers Limited (Long) vs. Tencent Holdings Limited (Short). 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 Monday, 06 March 2017. INSTRUMENT NUMBER: 68248 ALPHA CODE: UBNPNI ISIN: ZAE000242012 ISSUE SIZE (UNITS): 1,500,000 ISSUE PRICE (RAND/ UNIT): 426.36 UNDERLYING EQUITIES: Naspers Limited Tencent Holdings Limited LISTING DATE: 06 March 2017 EXPIRY DATE: 22 September 2017 INSTRUMENT NUMBER: 68279 ALPHA CODE: UBNPNJ ISIN: ZAE000242129 ISSUE SIZE (UNITS): 1,500,000 ISSUE PRICE (RAND/ UNIT): 621.18 UNDERLYING EQUITIES: Naspers Limited Tencent Holdings Limited LISTING DATE: 06 March 2017 EXPIRY DATE: 22 September 2017 INSTRUMENT NUMBER: 68250 ALPHA CODE: UBNPNK ISIN: ZAE000242038 ISSUE SIZE (UNITS): 1,500,000 ISSUE PRICE (RAND/ UNIT): 790.20 UNDERLYING EQUITIES: Naspers Limited Tencent Holdings Limited LISTING DATE: 06 March 2017 EXPIRY DATE: 22 September 2017 INSTRUMENT NUMBER: 68251 ALPHA CODE: UBNNPNL ISIN: ZAE000242046 ISSUE SIZE (UNITS): 1,500,000 ISSUE PRICE (RAND/ UNIT): 1340.29 UNDERLYING EQUITIES: Naspers Limited Tencent Holdings Limited LISTING DATE: 06 March 2017 EXPIRY DATE: 22 September 2017 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 06 March 2017 Sponsor: UBS South Africa (Pty) Limited Date: 06/03/2017 10:37:00 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.