Notification of Potential Adjustment Event UBS AG, London Branch (“UBS AG” or the “Company”) (Incorporated and domiciled in Switzerland) (Registration number: CHE-101.329.561) Notification of Potential Adjustment Event on UBS Long/Short Certificates on Naspers Limited (Long) vs Tencent Holdings Limited (Short) and on Prosus NV(Long) vs Tencent Holdings Limited (Short). Certificateholders of UBS Long/Short Certificates are hereby advised of a Potential Adjustment Event that may have a diluting or concentrative effect on the theoretical value of the relevant Shares. On 23 December 2021, Tencent Holdings Limited (“Tencent”) announced the declaration of a special interim dividend by way of distribution in specie of Class A ordinary shares of JD.com, Inc. Qualifying shareholders in Tencent will receive 1 ordinary share of JD.com for every 21 shares held, being rounded down to the nearest whole number of JD.com shares. Further information is available here: https://static.www.tencent.com/uploads/2021/12/23/0a56695c42cb7f085ad7e3d64 0125e7a.pdf Key dates in the timeline: Last day for dealing in the Shares Wednesday, 19 January 2022 on a cum-entitlement basis Commencement of dealing in the Thursday, 20 January 2022 Shares on an ex-entitlement basis Dispatch of share certificates and Friday, 25 March 2022 CCASS settlement In accordance with declaration of this interim dividend, the Short Reference Share, the Redemption Amount in respect of a Valuation Date, and/or the initial cash component (C0) is expected to change. Details on the adjustments to the Certificates including effective dates of the adjustments will be communicated in due course. The Potential Adjustment Event may affect the following certificates: INSTRUMENT NUMBER: 98264 ALPHA CODE: UBNPNA ISIN: ZAE000301958 INSTRUMENT NUMBER: 98265 ALPHA CODE: UBNPNB ISIN: ZAE000301966 The Calculation Agent will determine the effect of the Potential Adjustment Event and make the corresponding adjustments as determined appropriate to account for this event. This will be communicated directly to Certificateholders. The adjustment may have an effect on the value of the certificate. 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 January 2022 Sponsor: UBS South Africa (Pty) Limited Date: 14-01-2022 03:00:00 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.