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 Unicorn
USD Portfolio 1 Portfolio – Series 8.

The JSE Limited has granted UBS approval for the listing of UBS Portfolio
Notes linked to the Unicorn USD Portfolio 1 Portfolio (the "Reference
Portfolio") due 05 December 2023.

The Reference Portfolio is a notional South African Rand denominated
reference portfolio, created, actively managed and maintained by ABSA Bank
(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.

The Reference Portfolio Advisor will delegate the management of the
Reference Portfolio to AnBro Capital Investments (Pty) Ltd (the "Delegated
Reference Portfolio Advisor"). More information about AnBro Capital
Investments (Pty) Ltd can be found at www.anbro.co.za. AnBro Capital
Investments (Pty) Ltd is regulated by the Financial Sector Conduct
Authority (Licence No. 48371).

These listings are 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, 14 December 2018.

INSTRUMENT NUMBER:               81349
ALPHA CODE:                      UABCPA
ISIN:                            ZAE000266417
ISSUE SIZE (UNITS):              1,000,000
ISSUE PRICE (RAND/ UNIT):        100.00

UNDERLYING STOCK UNIVERSE:       MSCI World Index
                                 Bloomberg ticker: MXWO Index
                                 Russell 3000 Index
                                 Bloomberg ticker: RAY Index
                                 NASDAQ Composite Index
                                 Bloomberg ticker: CCMP Index
                                 New York Stock Exchange Composite Index
                                 Bloomberg ticker: NYA Index
                                 MSCI EM DR Capped
                                 Bloomberg ticker: MXCXMTBA Index
                                 MSCI Asia APEX 50 Index
                                 Bloomberg ticker: MXAPEXA Index

UNDERLYING INDEX UNIVERSE:       MSCI World Net Total Return USD Index
                                 (Bloomberg Ticker: NDDUWI Index)

LISTING DATE:                    14 December 2018
EXPIRY DATE:                     05 December 2023


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
13 December 2018

Sponsor: UBS South Africa (Pty) Limited

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