UBS AG - Notification of Adjustment Event

Notification of Adjustment Event

UBS AG, London Branch
(“UBS AG” or the “Company”)
(Incorporated and domiciled in Switzerland)
(Registration number: CHE-101.329.561)

Notification of Adjustment Event on UBS Long/Short Certificates on Naspers
Limited (Long) and Prosus NV (Long) vs. Tencent Holdings Limited (Short) –
Series 88.

Certificateholders of UBS Long/Short Certificates on Naspers Limited
(Long) and Prosus NV (Long) vs. Tencent Holdings Limited (Short) are
hereby advised of an Adjustment Event that supersedes the Final Terms
dated 19 March 2020.

The purpose of this Amended and Restated Final Terms relating to Alpha
Code UBNPNR (series 88) is to amend the Cash Component from 3,465.62 to
5,417.70; and the Issue Price from 1,901.04 to 3,853.12.

This listing is issued under the JSE Information Memorandum for the
Issuance of South African Securities up to an authorised amount of ZAR 14
000 000 000.

Effective date of the adjustment: Wednesday, 15 July 2020.


INSTRUMENT NUMBER:                 90613
ALPHA CODE:                        UBNPNR
ISIN:                              ZAE000285599
ISSUE SIZE (UNITS):                1,000,000
AMENDED ISSUE PRICE (RAND/UNIT):   3,853.12
UNDERLYING EQUITIES:               Naspers Limited
                                   Prosus NV
                                   Tencent Holdings Limited
LISTING DATE:                      19 March 2020
AMENDED & RESTATED DATE:           15 July 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
14 July 2020

Sponsor: UBS South Africa (Pty) Limited

Date: 14-07-2020 11:15:00
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