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Coronavirus disclosure and update of risk factors
UBS AG, London Branch
(“UBS AG” or the “Company”)
(Incorporated and domiciled in Switzerland)
(Registration number: CHE-101.329.561)
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Share code: UPCHPA ISIN: ZAE000263943
Share code: UOMWPA ISIN: ZAE000263919
Share code: UBSOLA ISIN: ZAE000263935
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Share code: UBNPNE ISIN: ZAE000270823
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Coronavirus disclosure and update of risk factors
Update to disclosure and risk factors for all listings under the
Information Memorandum of UBS AG dated 16 September 2019 (as supplemented,
updated or replaced).
The outbreak of novel Coronavirus, or Covid-19, in China and its
subsequent spread worldwide has significantly increased risk within the
global economy and investor uncertainty. In addition, substantial
deterioration in oil prices may have additional effects on the global
economy and certain sectors. As a result equity markets have experienced
significant declines, market volatility has substantially increased and
some markets have experienced disruptions in orderly function.
In the short-term UBS may benefit from higher transaction volumes and
increased volatility, although continuation of these trends is uncertain.
Looking forward lower asset prices would adversely affect invested assets
with a consequent effect on recurring fee income, and lower interest rates
will reduce net interest income.
The outbreak of Covid-19 and the measures being taken globally to reduce
the peak of the resulting pandemic will likely have a significant adverse
effect on global economic activity, including in China, the United States
and Europe. In addition, these factors are likely to have an adverse
effect on the credit profile of some of UBS's clients and other market
participants, which may result in an increase in expected credit loss
expense and credit impairments.
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
23 March 2020
Sponsor: UBS South Africa (Pty) Limited
Date: 23-03-2020 02:00:00
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