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 E-mail: keyinvestza@ubs.com Web: http://keyinvest-za.ubs.com/products Johannesburg 23 March 2020 Sponsor: UBS South Africa (Pty) Limited Date: 23-03-2020 02:00:00 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.