Source - PRN

UBS ETFs plc

78 Sir John Rogerson's Quay

Dublin 2


27th September, 2016

UBS ETFs plc (the “Company”)


CMCI Composite SF UCITS ETF A-acc (USD) IE00B53H0131
CMCI Composite SF UCITS ETF A-acc (CHF) IE00B58FQX63
CMCI Composite SF UCITS ETF A-acc (EUR) IE00B58HMN42
CMCI Composite SF UCITS ETF A-acc (GBP) IE00B50XJX92

Dear Shareholder,

The Board of Directors of the Company (the "Board") wishes to inform the Shareholders of the Fund that a number of updates are being made to the supplement for the Fund. The principal changes which the Board wish to bring to your attention are set out below.

  1. The UBS Bloomberg Constant Maturity Commodity Index Excess Return (the "Old Reference Index") is replaced by the new reference index, the UBS Bloomberg Constant Maturity Commodity Index Total Return (the "Reference Index");
  2. The Investment Objective and the General Description of the Reference Index sections of the supplement are amended to refer to the Reference Index and to remove details of the Old Reference Index;

The aforementioned changes will take effect subject to the prior approval of the Central Bank of Ireland and the Shareholders.

It is expected that the changes will be effective from 11th October, 2016 or such earlier or later date as the Company may determine which shall be at least two weeks after the date of this letter, or such later time as may be determined by the Directors, following receipt of all necessary approvals to the changes (the "Effective Date") and publication on the website

The changes will be reflected in new Supplement for the Fund and which will be available free of charge to Shareholders following approval of the Supplement by the relevant regulatory authorities. Shareholders may obtain the prospectus, the supplements of the Fund, the key investor information document, the latest annual and semi-annual reports and copies of the Memorandum and Articles of Association free of charge from the registered office of the Company and the local representatives in the countries where the Company is registered including in Switzerland from the Swiss representative UBS Fund Management (Switzerland) AG, Aeschenplatz 6, 4052 Basel, the Swiss paying agent UBS Switzerland AG, Bahnhofstrasse 45, 8001 Zurich and its branches in Switzerland, as well as from the German Paying and Information agent, UBS Deutschland AG, Bockenheimer Landstrasse 2-4, D-60306 Frankfurt and for Italy on the website

The Board accept responsibility for the information contained in this notice as being accurate at the date hereof.

If you have any queries arising from this notice, please contact your professional adviser.

Yours faithfully,

Board of Directors,

UBS ETFs plc