Publication of Exchange Control Circular No. 15/2020 UBS AG, London Branch (“UBS AG” or the “Company”) (Incorporated and domiciled in Switzerland) (Registration number: CHE-101.329.561) Share code: UEFPCA ISIN: ZAE000255477 Share code: UMMIEA ISIN: ZAE000261392 Share code: UMMIEB ISIN: ZAE000261400 Share code: UABSPA ISIN: ZAE000261590 Share code: UPCHPA ISIN: ZAE000263943 Share code: UOMWPA ISIN: ZAE000263919 Share code: USQCPA ISIN: ZAE000266409 Share code: UABCPA ISIN: ZAE000266417 Share code: ABSGEA ISIN: ZAE000272753 Share code: UEFPCB ISIN: ZAE000277679 Share code: UMMIES ISIN: ZAE000278446 Share code: UBGPAA ISIN: ZAE000281168 Share code: UBNPNR ISIN: ZAE000285599 Share code: UBNPNS ISIN: ZAE000285573 Share code: UBNPNT ISIN: ZAE000285565 Share code: UBNPNU ISIN: ZAE000285557 Share code: UBRMIB ISIN: ZAE000285524 Share code: FNBGSE ISIN: ZAE000285433 Share code: FNBGSA ISIN: ZAE000285441 Share code: UEXGEP ISIN: ZAE000285425 Share code: URETGP ISIN: ZAE000285458 Share code: UBNPNV ISIN: ZAE000290169 Share code: UBNPNW ISIN: ZAE000290177 Share code: UBRMIC ISIN: ZAE000290151 PUBLICATION OF EXCHANGE CONTROL CIRCULAR NO. 15/2020 DATED 2020-10-29 With reference to all the above mentioned listed products on the Johannesburg Stock Exchange, and following the Minister of Finance's announcement in the 2020 Medium Term Budget Policy Statement, investors are advised that all the remaining foreign classified debt and derivative instruments and exchange traded instruments that reference foreign assets, that are inward listed on the Johannesburg Stock Exchange, traded and settled in Rand will be reclassified as domestic with immediate effect. The exchange control ruling change can be found on the SARB website. www.resbank.co.za, under Regulation and Supervision tab, Financial Surveillance and Exchange Control, Exchange Control Circulars. In addition, holders are advised that there have been no material changes to the terms and conditions of the South African Securities as described in the Information Memorandum dated 16 September 2019. The Information Memorandum is available from the following KeyInvest website: https://keyinvest-za.ubs.com/legaldocuments. 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 03 November 2020 Sponsor: UBS South Africa (Pty) Limited Date: 03-11-2020 02:51:00 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.