Expiry of UBS Long/Short Certificates on Naspers Limited (Long) vs. Tencent Holdings Limited (Short) UBS AG London Branch (“UBS AG” or the “Company”) (Incorporated and domiciled in Switzerland) (Registration number: CH-101.329.561) Share code: UBNPNM ISIN: ZAE000248936 Series: 52 Share code: UBNPNN ISIN: ZAE000248910 Series: 53 Share code: UBNPNO ISIN: ZAE000248902 Series: 54 Share code: UBNPNP ISIN: ZAE000248894 Series: 55 Share code: UBNPNQ ISIN: ZAE000248886 Series: 56 Share code: UBTENA ISIN: ZAE000251666 Series: 59 Share code: UBTENB ISIN: ZAE000251658 Series: 60 Expiry 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 52, 53, 54, 55, 56 and 59, 60. 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 expiry of the below instruments effective Friday, 23 March 2018. INSTRUMENT NUMBER: 72205 ALPHA CODE: UBNPNM ISIN: ZAE000248936 INSTRUMENT NUMBER: 72203 ALPHA CODE: UBNPNN ISIN: ZAE000248910 INSTRUMENT NUMBER: 72200 ALPHA CODE: UBNPNO ISIN: ZAE000248902 INSTRUMENT NUMBER: 72199 ALPHA CODE: UBNPNP ISIN: ZAE000248894 INSTRUMENT NUMBER: 72195 ALPHA CODE: UBNPNQ ISIN: ZAE000248886 INSTRUMENT NUMBER: 73549 ALPHA CODE: UBTENA ISIN: ZAE000251666 INSTRUMENT NUMBER: 73548 ALPHA CODE: UBTENB ISIN: ZAE000251658 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 22 March 2018 Sponsor: UBS South Africa (Pty) Limited Date: 22/03/2018 05:00:00 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.