Listing of UBS Long/Short Certificates on Rand Merchant Investment (Long) vs. Discovery (Short) and Momentum (Short) UBS AG, London Branch (“UBS AG” or the “Company”) (Incorporated and domiciled in Switzerland) (Registration number: CHE-101.329.561) Listing of UBS Long/Short Certificates on Rand Merchant Investment Holdings Limited (Long) vs. Discovery Limited (Short) and Momentum Metropolitan Holdings (Short) – Series 92. The JSE Limited has granted UBS AG approval for the listing of UBS Long/Short Certificates due 08 April 2021 referencing Rand Merchant Investment Holdings Limited (Long) vs. Discovery Limited (Short) and Momentum Metropolitan Holdings (Short). This listing is 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 Thursday, 19 March 2020. INSTRUMENT NUMBER: 90571 ALPHA CODE: UBRMIB ISIN: ZAE000285524 ISSUE SIZE (UNITS): 10,000,000 ISSUE PRICE (RAND/UNIT): 10.01 UNDERLYING EQUITIES: Rand Merchant Investment Holdings Limited Discovery Limited Momentum Metropolitan Holdings LISTING DATE: 19 March 2020 EXPIRY DATE: 08 April 2021 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 18 March 2020 Sponsor: UBS South Africa (Pty) Limited Date: 18-03-2020 03:30:00 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.