Notification of Tap Issuance for UBS Actively Managed Exchange Traded Notes UBS AG, London Branch (“UBS AG” or the “Company”) (Incorporated and domiciled in Switzerland) (Registration number: CH-270.3.004.646-4) Notification of Tap Issuance for UBS Actively Managed Exchange Traded Notes linked to the ABSA SPM Global Equity Portfolio 1 Portfolio – Series 4. Certificateholders of UBS Portfolio Notes linked to the ABSA SPM Global Equity Portfolio 1 Portfolio (the "Reference Portfolio") are hereby advised of the Tap Issuance that supersedes the Final Terms dated 22 August 2018. The JSE Limited has granted UBS AG approval for a Tap Issuance of an additional 1,000,000 Portfolio Notes linked to the Reference Portfolio ("Tranche 2") to be consolidated and form a single series with the existing issue of 1,000,000 Portfolio Notes linked to the Reference Portfolio ("Tranche 1") for series 4. 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. INSTRUMENT NUMBER: 79110 ALPHA CODE: UABSPA ISIN: ZAE000261590 TRANCHE 1 ISSUE SIZE (UNITS): 1,000,000 TRANCHE 2 ISSUE SIZE (UNITS): 1,000,000 ISSUE PRICE (RAND/ UNIT): 100.00 UNDERLYING STOCK UNIVERSE: MSCI World Index (Bloomberg ticker: MXWO Index) S&P 500 Index (Bloomberg ticker: SPX Index) Russell 2000 Index (Bloomberg ticker: RTY Index) Tokyo Stock Exchange Tokyo Price Index (Bloomberg ticker: TPX Index) STOXX Europe 600 Price Index (Bloomberg ticker: SXXP Index) MSCI EM DR Capped (Bloomberg ticker: MXCXMTBA Index) UNDERLYING INDEX UNIVERSE: S&P 500 Net Total Return Index (Bloomberg Ticker: SPTR500N Index) FTSE 100 Net Tax Index (Bloomberg Ticker: UKXNUK Index) EURO STOXX 50 Net Return EUR (Bloomberg Ticker: SX5T Index) TOPIX Net Total Return Index (Bloomberg Ticker: TPXNTR Index) UNDERLYING EFT UNIVERSE ISHARES COR FTSE 100-USD H-D (Bloomberg Ticker: ISFD LN Equity) ISHARES CORE S&P 500 ETF (Bloomberg Ticker: IVV UP Equity) ISHARES GLOBAL REIT ETF (Bloomberg Ticker: REET UP Equity) ISHARES IBOXX INVESTMENT GRA (Bloomberg Ticker: LQD UP Equity) ISHARES MSCI EMERGING MARKET (Bloomberg Ticker: EEM UP Equity) ISHARES MSCI EUROPE EX-UK (Bloomberg Ticker: IEUX SE Equity) VANGUARD FTSE EMERGING MARKET (Bloomberg Ticker: VWO UP Equity) VANGUARD REAL ESTATE ETF (Bloomberg Ticker: VNQ UP Equity) VANGUARD S&P 500 ETF (Bloomberg Ticker: VOO UP Equity) VANGUARD S&P 500 GROWTH ETF (Bloomberg Ticker: VOOG UP Equity) SPDR GOLD SHARES (Bloomberg Ticker: GLD UP Equity) TRANCHE 1 LISTING DATE: 22 August 2018 TRANCHE 2 EFFECTIVE DATE: 25 February 2020 EXPIRY DATE: 22 August 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 24 February 2020 Sponsor: UBS South Africa (Pty) Limited Date: 24-02-2020 04:01:00 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.