ETFS Commodity Securities Limited

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1 ETFS Commodity Securities Limited (Incorporated and registered in Jersey under the Companies (Jersey) Law 1991 (as amended) with registered number Regulated by the Jersey Financial Services Commission) Registered office: Ordnance House, 31 Pier Road, St. Helier, Jersey JE4 8PW 26 February 2015 Notice of the proposed delisting of various classes of ETFS Commodity Securities issued by ETFS Commodity Securities Limited Introduction Notice is hereby given to security holders that application has been made to Deutsche Boerse for certain classes of securities issued by ETFS Commodity Securities Limited to be delisted from that exchange (the Delisting ). The Delistings will become effective on 26 May For each security that will be delisted, the listing on the London Stock Exchange and at least one other European exchange will be maintained. Annex 1 to this letter, entitled Securities to be Delisted & Remaining Listings sets out the securities that will be delisted from Deutsche Boerse and the exchanges where the securities will continue to be listed after the effective date of the Delisting Reasons for the Delisting ETF Securities aims to list securities on exchanges where there is sufficient demand, concentrated liquidity and where they can trade with tight bid/offer spreads. In order to achieve this, ETF Securities regularly reviews the securities available to investors and the exchanges where these are listed. Following a recent review, the Directors have decided to apply to delist certain securities issued by ETFS Commodity Securities Limited from Deutsche Boerse to concentrate liquidity on a smaller number of exchanges and to reduce spreads rather than having listings on a larger number of exchanges with lower volumes. Maintaining listings which only have small volumes of trading can be problematic for security holders as it means that the liquidity on securities they do want to trade is reduced and comes at a higher price. For each security that will be delisted, the listing on the London Stock Exchange and at least one other European exchange will be maintained. Details of the exchanges where listings will be maintained are set out in Annex 1 under the heading Remaining Listings. No classes of security issued by ETFS Commodity Securities Limited will be closed as a result of the Delisting. Timescale The Delisting will become effective 3 months from the date of this letter and the last day of trading on Deutsche Boerse will be 26 May 2015 (the Effective Date ).

2 Effect of the Delisting From the date of this letter up to the Effective Date, you can continue to sell your securities on Deutsche Boerse. Following the Effective Date of the Delisting, you can continue to hold securities that are subject to the Delisting but you will no longer be able to sell those securities on Deutsche Boerse. You will be able to sell those securities on any of the other exchanges on which they remain listed but there may be additional costs associated with using another exchange. Additional details for holders of securities to be delisted from the Deutsche Boerse Following the Effective Date of the Delisting, in order to sell your securities on another exchange, you will need to switch your German ISIN Certificates back to the original Jersey ISIN securities. As part of this process, Clearstream will exchange the German ISIN Certificates for the Jersey ISIN securities that they hold on your behalf. Whilst there are costs associated with switching the German ISIN Certificate of a security back to the original Jersey ISIN security, please note that for two months following the Effective Date, ETFS Commodity Securities Limited will pay the standard switching cost for security holders that switch back to the Jersey ISIN. Following this two month period the security holder will be responsible for their own switching costs and any other expense incurred as a result of using a different exchange. You should consult your own financial advisor in connection with the consequences of holding the securities in the form of the JE ISIN securities rather than the German ISIN Certificates. Action to be taken You do not need to take any action in response to this announcement. You should consult your broker/advisor to discuss gaining access to alternative exchanges following the Delisting or whether it would be more appropriate for you to sell your holding prior to the Effective Date of the Delisting. Further information Annex 2 of this letter contains answers to some of the key questions we believe investors will have in connection with the Delisting. Further information is also available on ETF Securities website at Yours sincerely Joseph Roxburgh Director for and on behalf of ETFS Commodity Securities Limited - 2 -

3 Securities to be delisted from Deutsche Boerse Annex 1 SECURITIES TO BE DELISTED & REMAINING LISTINGS Name of Security GERMAN ISIN Remaining listings Exchange codes for remaining listings ISIN on remaining exchanges ETFS Sugar DE000A0KRJ85 London Stock Exchange SUGA GB00B15KY658 ETFS Nickel DE000A0KRJ44 London Stock Exchange NICK GB00B15KY211 ETFS Petroleum DE000A0KRKJ1 London Stock Exchange AIGO GB00B15KYC19 ETFS Precious Metals DE000A0KRKK9 London Stock Exchange AIGP GB00B15KYF40 Euronext AIGPP ETFS Zinc DE000A0KRKA0 London Stock Exchange ZINC GB00B15KY872 ETFS Livestock DE000A0KRKH5 London Stock Exchange AIGL GB00B15KYK92

4 ETFS Daily Short Industrial Metals DE000A0V9XN5 London Stock Exchange SIME JE00B24DKZ36 SIMT ETFS Daily Short Grains DE000A0V9XM7 London Stock Exchange SGRA JE00B24DL387 ETFS Daily Short Lead DE000A0V9YC6 London Stock Exchange SLEA JE00B2NFT088 ETFS Daily Short Energy DE000A0V9XK1 London Stock Exchange SNRG JE00B24DKV97 Tin DE000A0V9ZD1 London Stock Exchange LTIM JE00B2NFV241 ETFS Daily Short Precious Metals DE000A0V9XR6 London Stock Exchange SPMT JE00B24DKY29 Softs DE000A0V9YR4 London Stock Exchange LSFT JE00B2NFTB97 Heating Oil DE000A0V9Y08 London Stock Exchange LHEA JE00B2NFTM03 LHEO ETFS Daily Short Petroleum DE000A0V9XQ8 London Stock Exchange SPET JE00B24DKW05-4 -

5 ETFS Daily Short Platinum DE000A0V9YD4 London Stock Exchange SPLA JE00B2NFT195 Gasoline DE000A0V9YY0 London Stock Exchange LGAS JE00B2NFTK88 ETFS Daily Short Tin DE000A0V9YE2 London Stock Exchange STIM JE00B2NFT203 Lead DE000A0V9ZB5 London Stock Exchange LLEA JE00B2NFTZ32 ETFS Daily Short Livestock DE000A0V9XP0 London Stock Exchange SLST JE00B24DL270 ETFS Daily Short Corn DE000A0V9XW6 London Stock Exchange SCOR JE00B24DK751 ETFS Daily Short Gasoline DE000A0V9XZ9 London Stock Exchange SGAS JE00B24DKB91 ETFS Daily Short Agriculture DE000A0V9XH7 London Stock Exchange SAGR JE00B24DL056 SAGRI - 5 -

6 Grains DE000A0V9YL7 London Stock Exchange LGRA JE00B2NFT757 ETFS Daily Short All Commodities Industrial Metal DE000A0V9XJ3 London Stock Exchange SALL JE00B24DKT75 DE000A0V9YM5 London Stock Exchange LIME JE00B2NFV688 ETFS Daily Short Cotton DE000A0V9XX4 London Stock Exchange SCTO JE00B24DK868 Copper DE000A0V9YU8 London Stock Exchange LCOP JE00B2NFTF36 Precious Metals DE000A0V9YQ6 London Stock Exchange LPMT JE00B2NFV795 Zinc DE000A0V9ZA7 London Stock Exchange LZIC JE00B2NFTY25 Coffee DE000A0V9YT0 London Stock Exchange LCFE JE00B2NFTD12 Sugar DE000A0V9Y81 London Stock Exchange LSUG JE00B2NFTW01-6 -

7 Cocoa DE000A0V9ZE9 London Stock Exchange LCOC JE00B2NFV803 ETFS Daily Short Soybeans DE000A0V9X82 London Stock Exchange SSOB JE00B24DKP38 Soybeans DE000A0V9Y73 London Stock Exchange LSOB JE00B2NFTV93 ETFS Daily Short Cocoa DE000A0V9YF9 London Stock Exchange SCOC JE00B2NFT310 All Commodities DE000A0V9YH5 London Stock Exchange LALL JE00B2NFV571 ETFS Daily Short Copper DE000A0V9XV8 London Stock Exchange SCOP JE00B24DK645 ETFS Daily Short Sugar DE000A0V9X90 London Stock Exchange SSUG JE00B24DKQ45 ETFS Daily Short Coffee DE000A0V9XU0 London Stock Exchange SCFE JE00B24DK

8 Agriculture Platinum DE000A0V9YG7 London Stock Exchange LAGR JE00B2NFT427 DE000A0V9ZC3 London Stock Exchange LPLA JE00B2NFV134 Cotton DE000A0V9YW4 London Stock Exchange LCTO JE00B2NFTH59 Aluminium DE000A0V9YS2 London Stock Exchange LALU JE00B2NFTC05 Corn DE000A0V9YV6 London Stock Exchange LCOR JE00B2NFTG43-8 -

9 Annex 2 KEY QUESTIONS A. GENERAL - Why are securities being delisted? ETF Securities regularly reviews the products available to investors and as part of this has conducted a review of all ETFS Commodity Securities Limited listings on Deutsche Boerse. ETF Securities aims to list products where there is sufficient scale, concentrated liquidity and tight bid/offer spreads. As a result, we have decided to delist certain securities issued by ETFS Commodity Securities Limited from Deutsche Boerse to make sure that we concentrate liquidity on a smaller number of listings and to reduce spreads rather than having a large number of listings with lower volumes. Maintaining these listings which only have small volumes of trading is problematic for our clients as it means that the liquidity on products they do want to trade is reduced and comes at a higher price. - Where will the securities continue to be listed? All securities will continue to be listed on the London Stock Exchange and at least one other European exchange. Details are provided in the table at Annex 1 of this document of the exchanges where listings will remain and the relevant ISINs and exchange codes. - Are the securities being delisted because the issuer or class is being closed? No. The securities are not being delisted in connection with any closure of any of the classes or of ETFS Commodity Securities Limited. - When will the delisting become effective? 3 months notice of the intention to delist is being given via the relevant exchanges. The delisting will become effective on 26 May Does this mean you are no longer committed to these specific markets? ETF Securities is committed to support all listings where the market has demonstrated clear support for the products, illustrated by the volume of trading. The products being delisted have very low trading volumes so we aim to ensure that the liquidity can grow through another trading venue where the securities will remain listed. - Have you delisted the products because of the low AUM? No. The primary decision criteria is creating better liquidity for clients - Does this mean you will consider delisting more products in the future? Our aim is to create liquidity hubs in order to ensure that, where they trade, our products have superior liquidity. This exercise is a rationalisation of listings for the benefit of investors and is unrelated to any future decision to delist more products. B. IMPACT ON INVESTORS - How will this affect investors? We have carefully investigated the impact on investors in order to ensure that we mitigate any potential concerns and believe that the delisting will have a limited impact on investors for the following reasons:

10 An announcement of the intended delisting and the date on which it would take effect was issued to the market, giving investors a 3 month notice period during which they could trade out of their positions with the usual liquidity provided by the market makers; and Most investors are able to trade these products through their broker on another exchange - What do I need to do before the delisting becomes effective? During the 3 month notice period security holders can continue to hold and trade their securities as usual. Security holders should consult their broker/advisor to discuss whether following the delisting they can gain access to the exchanges where the securities remain and the likely costs associated with this. Alternatively, security holders may wish to sell their securities on their home exchange during the 3 month notice period to avoid incurring any additional costs of holding and trading securities on a different exchange at a later date. - How do I sell my securities once the delisting becomes effective? Holders will still be able to hold their securities but will need to sell them on one of the exchanges where the securities remain listed. They will no longer be able to sell their securities on their home exchange. As a result, their costs of holding and sale may increase but they are not required to sell by a certain date. Holders who currently trade their securities on Deutsche Boerse through trading of German ISIN Certificates will need to convert these back to the original Jersey ISIN securities in order to be able to move and sell securities on an alternative exchange once the securities are delisted and there are additional costs associated with this. For 2 months following the effective date of the delisting (26 th May th July 2015), ETFS Commodity Securities Limited will pay the standard switching cost for security holders that wish to switch their German ISIN Certificates back to the original Jersey ISIN securities. Following this 2 month period, the security holders can still trade their securities but will become responsible for any costs involved with switching back to the original ISIN security. - How will investors be able to get hold of these products / will there be an extra cost involved? Investors can trade products outside of their own domestic market by asking their broker to execute the order on their behalf. ETF Securities cannot comment on the price structure of each individual brokerage but, at a general level, we do not believe there should be a significant increase in cost, if any. Further information is available on the website of ETFS Commodity Securities Limited at or by to

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