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UBS AG - Coronavirus disclosure and update of risk factors

Release Date: 23/03/2020 14:00
Wrap Text
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)

Share   code:   UEFPCA   ISIN:   ZAE000255477
Share   code:   UMMIEA   ISIN:   ZAE000261392
Share   code:   UMMIEB   ISIN:   ZAE000261400
Share   code:   UABSPA   ISIN:   ZAE000261590
Share   code:   UPCHPA   ISIN:   ZAE000263943
Share   code:   UOMWPA   ISIN:   ZAE000263919
Share   code:   UBSOLA   ISIN:   ZAE000263935
Share   code:   USQCPA   ISIN:   ZAE000266409
Share   code:   UABCPA   ISIN:   ZAE000266417
Share   code:   USNLMA   ISIN:   ZAE000266656
Share   code:   UBNPNC   ISIN:   ZAE000270807
Share   code:   UBNPND   ISIN:   ZAE000270815
Share   code:   UBNPNE   ISIN:   ZAE000270823
Share   code:   UBNPNF   ISIN:   ZAE000270831
Share   code:   UBNPNG   ISIN:   ZAE000270849
Share   code:   ABSGEA   ISIN:   ZAE000272753
Share   code:   UBNPNH   ISIN:   ZAE000277513
Share   code:   UBNPNI   ISIN:   ZAE000277406
Share   code:   UBNPNJ   ISIN:   ZAE000277414
Share   code:   UBNPNK   ISIN:   ZAE000277422
Share   code:   UBNPNL   ISIN:   ZAE000277430
Share   code:   UBNPNM   ISIN:   ZAE000277448
Share   code:   UBNPNN   ISIN:   ZAE000277455
Share   code:   UBNPNO   ISIN:   ZAE000277463
Share   code:   UBNPNP   ISIN:   ZAE000277471
Share   code:   UBNPNQ   ISIN:   ZAE000277521
Share   code:   UBEXXA   ISIN:   ZAE000277497
Share   code:   UBRMIA   ISIN:   ZAE000277612
Share   code:   UEFPCB   ISIN:   ZAE000277679
Share   code:   UMMIES   ISIN:   ZAE000278446
Share   code:   UBGPAA   ISIN:   ZAE000281168
Share   code:   UBNPNR   ISIN:   ZAE000285599
Share   code:   UBNPNS   ISIN:   ZAE000285573
Share   code:   UBNPNT   ISIN:   ZAE000285565
Share   code:   UBNPNU   ISIN:   ZAE000285557
Share   code:   UBRMIB   ISIN:   ZAE000285524
Share   code:   FNBGSE   ISIN:   ZAE000285433
Share   code:   FNBGSA   ISIN:   ZAE000285441
Share   code:   UEXGEP   ISIN:   ZAE000285425
Share   code:   URETGP   ISIN:   ZAE000285458

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

23 March 2020

Sponsor: UBS South Africa (Pty) Limited

Date: 23-03-2020 02:00:00
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