UBS AG LONDON BRANCH - Listing of UBS Certificates linked to the Absa Global Equity Multi-Factor Risk-Controlled (13%) ETN

Listing of UBS Certificates linked to the Absa Global Equity Multi-Factor Risk-Controlled (13%) ETN

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

Listing of UBS Certificates linked to the Absa Global Equity Multi-Factor
Risk-Controlled (13%) ETN (the "Notes") – Series 3.

The JSE Limited has granted UBS AG approval for the listing of the Absa
Global Equity Multi-Factor Risk-Controlled (13%) ETN due 11 June 2024.

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 Monday, 10 June 2019.


INSTRUMENT NUMBER:            84424
ALPHA CODE:                   ABSGEA
ISIN:                         ZAE000272753
ISSUE SIZE (UNITS):           2,000,000
ISSUE PRICE (RAND/ UNIT):     100.00

REFERENCE INDEX:              MSCI World Diversified Multi-Factor USD Net
                              Total Return Index
                              (Bloomberg code: M1WODMF Index)

LISTING DATE:                 10 June 2019
EXPIRY DATE:                  11 June 2024

The ETN references the Absa Global Equity Multi-Factor Risk-Controlled
(13%) Strategy ("Strategy"). The Strategy utilises a methodology that
encompasses two modern approaches of investment and risk management,
namely risk-premia investing and volatility targeting. The ETN provides an
investor access to a pay-off that aims to:

   1) reduce downside risk through a volatility target mechanism and
   2) gain multi-factor (value, momentum, quality and size) global equity
      exposure via the reference index

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

Absa Index & Structured Solutions
Tel: +27 86 134 5223
Email: aiss@absa.co.za
Website: www.absa.co.za/ss

Johannesburg
07 June 2019

Sponsor: UBS South Africa (Pty) Limited

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