Delisting of UBS Long/Short Certificates UBS AG London Branch (“UBS AG” or the “Company”) (Incorporated and domiciled in Switzerland) (Registration number: CH-270.3.004.646-4) Share code: UBNPNI ISIN: ZAE000242012 Series: 48 Share code: UBNPNK ISIN: ZAE000242038 Series: 50 Share code: UBTENG ISIN: ZAE000242053 Series: 45 Share code: UBTENH ISIN: ZAE000242061 Series: 46 Share code: UBTENI ISIN ZAE000242079 Series: 47 Delisting of UBS Long/Short Certificates on Naspers Limited (Long) vs. Tencent Holdings Limited (Short) and UBS Long/Short Certificates on Tencent Holdings Limited (Long) vs. Naspers Limited (Short) – Series 48,50,45,46 and 47 The UBS Certificates were issued under the Structured Note Programme of UBS AG (the "Programme") in conjunction with the Terms and Conditions of the Certificates set forth in the Information Memorandum dated 10 December 2013 relating to the Programme, and as supplemented by the JSE Placement Document dated 08 February 2016 for the Issuance of South African Securities up to an authorised amount of ZAR 14 000 000 000. Investors are herewith advised of the delisting of the below instruments effective Wednesday, 23 August 2017. INSTRUMENT NUMBER: 68248 ALPHA CODE: UBNPNI ISIN: ZAE000242012 INSTRUMENT NUMBER: 68250 ALPHA CODE: UBNPNK ISIN: ZAE000242038 INSTRUMENT NUMBER: 68252 ALPHA CODE: UBTENG ISIN: ZAE000242053 INSTRUMENT NUMBER: 68254 ALPHA CODE: UBTENH ISIN: ZAE000242061 INSTRUMENT NUMBER: 68255 ALPHA CODE: UBTENI ISIN: ZAE000242079 The above instruments will be suspended from the commencement of trading on Friday, 18 August 2017. UBS AG confirms that none of the above securities currently have any noteholders. 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 17 August 2017 Sponsor: UBS South Africa (Pty) Limited Date: 17/08/2017 03:54:00 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.