Notification of Adjustment Event on UBS Long/Short Certificate 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 Certificate on Naspers Limited (Long) vs. Prosus NV (Short) – Series 89 and 91. Certificateholders of UBS Long/Short Certificates are hereby advised of an Amendment Event that supersedes the Final Terms dated 19 March 2020. The purpose of this Amended and Restated Final Terms relating to Alpha Code UBNPNS (series 89) is to amend the Issue Price from 1413.01 to 1,949.10, the Cash Component from 2,977.60 to 1,598.70 and the short shares ratio from 6.704997 to 2.762432. The purpose of this Amended and Restated Final Terms relating to Alpha Code UBNPNU (series 91) is to amend the Issue Price from 2,041.55 to 2,601.31, the Cash Component from 2,319.10 to 2,220.70 and the short shares ratio from 5.028748 to 4.174201. 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: Monday, 2 November 2020. INSTRUMENT NUMBER: 90611 ALPHA CODE: UBNPNS ISIN: ZAE000285573 ISSUE SIZE (UNITS): 1,000,000 AMENDED ISSUE PRICE (RAND/UNIT): 1,949.10 UNDERLYING EQUITIES: Naspers Limited Tencent Holdings Limited LISTING DATE: 19 March 2020 AMENDED & RESTATED DATE: 2 November 2020 EXPIRY DATE: 08 April 2021 INSTRUMENT NUMBER: 90607 ALPHA CODE: UBNPNU ISIN: ZAE000285557 ISSUE SIZE (UNITS): 250,000 AMENDED ISSUE PRICE (RAND/UNIT): 2,601.31 UNDERLYING EQUITIES: Naspers Limited Prosus NV Tencent Holdings Limited LISTING DATE: 19 March 2020 AMENDED & RESTATED DATE: 2 November 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 30 October 2020 Sponsor: UBS South Africa (Pty) Limited Date: 30-10-2020 01:05:00 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.