UBS AG LONDON BRANCH - Listing of UBS Actively Managed Exchange Traded Notes

Listing of UBS Actively Managed Exchange Traded Notes

UBS AG, London Branch
(“UBS AG” or the “Company”)
(Incorporated and domiciled in Switzerland)
(Registration number: CHE-101.329.561)

Listing of UBS Actively Managed Exchange Traded      Notes   linked   to   the
Excelsia Global Equity Portfolio – Series 14.

The JSE Limited has granted UBS approval for the listing of UBS Portfolio
Notes linked to the Excelsia Global Equity Portfolio (the "Reference
Portfolio") due 18 March 2025.

The Reference Portfolio is a notional South African Rand denominated
reference portfolio, created, actively managed and maintained by Excelsia
Capital (Pty) Ltd (the "Reference Portfolio Advisor").

The Reference Portfolio, whose composition may vary from time to time, is
actively managed by the Reference Portfolio Advisor and represents a
notional investment in the Reference Portfolio Components as described in
detail below. More information about Excelsia Capital (Pty) Ltd can be
found at www.excelsia.co.za. Excelsia Capital (Pty) Ltd is regulated by the
Financial Sector Conduct Authority (Licence No. 46756).

Please note that the Reference Portfolio Advisor may not only act as
Reference Portfolio Advisor with regard to the Reference Portfolio, but may
at the same time act as asset manager or financial consultant with regard
to investors in the Notes, which may induce potential conflicts between
investors' interests and Reference Portfolio Advisor's interests. The
Reference Portfolio Advisor has implemented any measures required to fully
mitigate such potential conflict of interest.

This listing is 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 Friday, 20 March 2020.

INSTRUMENT NUMBER:               90498
ALPHA CODE:                      UEXGEP
ISIN:                            ZAE000285425
ISSUE SIZE (UNITS):              1,000,000
ISSUE PRICE (RAND/ UNIT):        100.00

UNDERLYING STOCK UNIVERSE:       MSCI ACWI Index
                                 (Bloomberg ticker: MXWD Index)

UNDERLYING INDEX UNIVERSE:       MSCI ACWI Index
                                 (Bloomberg ticker: MXWD Index)

LISTING DATE:                    20 March 2020
EXPIRY DATE:                     18 March 2025

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/products

Johannesburg
19 March 2020

Sponsor: UBS South Africa (Pty) Limited

Date: 19-03-2020 05:00:00
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