UBNPNH UBNPNI & UBNPNJ-New Instrument Listing UBS AG London Branch (“UBS” or the “Company”) (Incorporated and domiciled in Switzerland) (Registration number: CH-270.3.004.646-4) Listing of UBS Long/Short Certificates on Naspers Limited (Long) vs. Tencent Holdings Limited (Short) – Series 10, 11 & 12 The JSE Limited has granted UBS approval for the listing of UBS Long/Short Certificates due 26 February 2015 referencing Naspers Limited (Long) vs. Tencent Holdings Limited (Short). The listing is issued under the JSE Placement Document for the Issuance of South African Securities up to an authorised amount of ZAR 3 000 000 000. Trading will commence on 25 November 2014. INSTRUMENT NUMBER: 48624 APLHA CODE: UBNPNH ISIN: ZAE000198800 ISSUE SIZE (UNITS): 1,000,000 ISSUE PRICE(CENTS / UNIT): 14222 UNDERLYING EQUITIES: Naspers Ltd Tencent Holdings Limited LISTING DATE: 2014/11/25 EXPIRY DATE: 2015/02/26 INSTRUMENT NUMBER: 48624 APLHA CODE: UBNPNI ISIN: ZAE000198792 ISSUE SIZE (UNITS): 2,000,000 ISSUE PRICE(CENTS / UNIT): 21404 UNDERLYING EQUITIES: Naspers Ltd Tencent Holdings Limited LISTING DATE: 2014/11/25 EXPIRY DATE: 2015/02/26 INSTRUMENT NUMBER: 48627 APLHA CODE: UBNPNJ ISIN: ZAE000198818 ISSUE SIZE (UNITS): 2,000,000 ISSUE PRICE(CENTS / UNIT): 30357 UNDERLYING EQUITIES: Naspers Ltd Tencent Holdings Limited LISTING DATE: 2014/11/25 EXPIRY DATE: 2015/02/26 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 24 November 2014 Debt Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 24/11/2014 11:30:00 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.