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 Date: 13/12/2018 10:00:00 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.