No. The securities are not being delisted in connection with any closure of any of the classes or of ETFS Commodity Securities Limited.

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1 Security Holder 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 Borsa Italiana, Deutsche Boerse and NYSE Euronext Paris. 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 Borsa Italiana, Deutsche Boerse and NYSE Euronext Paris 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 and at least one other European exchange. Details are provided in the tables at the end 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 7 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.

2 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: 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 (7 th May th July 2013), 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 info@etfsecurities.com

3 SECURITIES TO BE DELISTED & REMAINING LISTINGS Securities to be delisted from Deutsche Boerse Name of Security GERMAN ISIN Remaining listings codes remaining listings for ISIN remaining exchanges on ETFS DAILY SHORT EX-ENERGY DJ- DE000A0V9XL9 SNEY JE00B24DKX12 Borsa Italiana SNEY JE00B24DKX12 ETFS DAILY SHORT DE000A0V9XS4 SOFTS DJ- SSFT JE00B24DL163 Borsa Italiana SSFT JE00B24DL163 ETFS DAILY SHORT ALUMINIUM DE000A0V9XT2 SALU JE00B24DK421 Borsa Italiana SALU JE00B24DK421 ETFS DAILY SHORT HEATING OIL DE000A0V9X17 SHEA JE00B24DKD16 Borsa Italiana SHEA JE00B24DKD16 ETFS DAILY SHORT ZINC DE000A0V9YB8 SZIC JE00B24DKS68 Borsa Italiana SZIC JE00B24DKS68 ETFS ENERGY DAILY DJ- DE000A0V9YJ1 LNRG JE00B2NFT534 Borsa Italiana LNRG JE00B2NFT534 ETFS DAILY SOYBEAN OIL DE000A0V9Y65 LSYO JE00B2NFTT71 Borsa Italiana LSYO JE00B2NFTT71 ETFS LIVESTOCK DAILY DJ- DE000A0V9YN3 LLST JE00B2NFT864 Borsa Italiana LLST JE00B2NFT864 ETFS ENERGY DAILY EX- DJ- DE000A0V9YK9 LNEY JE00B2NFT641 Borsa Italiana LNEY JE00B2NFT641

4 ETFS PETROLEUM DAILY DJ- DE000A0V9YP8 LPET JE00B2NFT971 Borsa Italiana LPET JE00B2NFT971 Securities to be delisted from Borsa Italiana Name of Security JERSEY ISIN Remaining listings codes for remaining listings ISIN on remaining exchanges DATED AGRICULTURE DATED ALL COMMODITIES JE00B24DMK23 JE00B24DMC49 FAGR JE00B24DMK23 Deutsche Boerse 9GAL DE000A0SVX83 FAIG JE00B24DMC49 Deutsche Boerse 9GAF DE000A0SVX34 DATED ENERGY JE00B24DMD55 ENEF JE00B24DMD55 DATED EX-ENERGY JE00B24DMG86 Deutsche Boerse 9GAG DE000A0SVX42 EXEF JE00B24DMG86 Deutsche Boerse 9GAJ DE000A0SVX67 DATED GRAINS JE00B24DMN53 GRAF JE00B24DMN53 DATED INDUSTRIAL METALS JE00B24DMJ18 Deutsche Boerse 9GAP DE000A0SVYB4 FIND JE00B24DMJ18 Deutsche Boerse 9GAK DE000A0SVX75 DATED LIVESTOCK JE00B24DMM47 FLIV JE00B24DMM47 Deutsche Boerse 9GAN DE000A0SVYA6 ETFS DATED GAS LONGER NATURAL JE00B24DM351 NGAF JE00B24DM351 Deutsche Boerse 9GAQ DE000A0SVYC2 DATED PETROLEUM JE00B24DMF79 FPET JE00B24DMF79 Deutsche Boerse 9GAH DE000A0SVX59

5 DATED SOFTS JE00B24DML30 ETFS HEATING OIL GB00B15KXY63 SOFF JE00B24DML30 Deutsche Boerse 9GAM DE000A0SVX91 HEAT GB00B15KXY63 Deutsche Boerse OD7I DE000A0KRJ02 Securities to be delisted from NYSE Euronext Paris Name of Security JERSEY ISIN Remaining listings LSE Code ISIN on remaining exchanges ETFS ALUMINIUM GB00B15KXN58 ALUM GB00B15KXN58 Deutsche Boerse OD7A DE000A0KRJS4 Borsa Italiana ALUM GB00B15KXN58 ETFS COFFEE GB00B15KXP72 COFF GB00B15KXP72 Deutsche Boerse OD7B DE000A0KRJT2 Borsa Italiana COFF GB00B15KXP72 ETFS CORN GB00B15KXS04 CORN GB00B15KXS04 Borsa Italiana CORN GB00B15KXS04 ETFS COTTON GB00B15KXT11 COTN GB00B15KXT11 Borsa Italiana COTN GB00B15KXT11 ETFS ENERGY DJ- AIGE GB00B15KYB02 GB00B15KYB02 Deutsche Boerse OD7W DE000A0KRKD4 Borsa Italiana AIGE GB00B15KYB02 ETFS EX-ENERGY AIGX GB00B15KYD26 DJ- GB00B15KYD26 Borsa Italiana AIGX GB00B15KYD26 DATED AGRICULTURE JE00B24DMK23 FAGR JE00B24DMK23 Deutsche Boerse 9GAL DE000A0SVX83 DATED ALL COMMODITIES DATED ENERGY DATED GRAINS JE00B24DMC49 JE00B24DMD55 JE00B24DMN53 FAIG JE00B24DMC49 Deutsche Boerse 9GAF DE000A0SVX34 ENEF JE00B24DMD55 Deutsche Boerse 9GAG DE000A0SVX42 GRAF JE00B24DMN53 Deutsche Boerse 9GAP DE000A0SVYB4

6 ETFS DATED GAS LONGER NATURAL JE00B24DM351 NGAF JE00B24DM351 Deutsche Boerse 9GAQ DE000A0SVYC2 ETFS GASOLINE GB00B15KXW40 UGAS GB00B15KXW40 Borsa Italiana UGAS GB00B15KXW40 ETFS GRAINS DJ- AIGG GB00B15KYL00 GB00B15KYL00 Deutsche Boerse OD7Y DE000A0KRKF9 Borsa Italiana AIGG GB00B15KYL00 ETFS HEATING OIL GB00B15KXY63 HEAT GB00B15KXY63 Deutsche Boerse OD7I DE000A0KRJ02 ETFS INDUSTRIAL GB00B15KYG56 AIGI GB00B15KYG56 METALS DJ-, Deutsche Boerse OD7Z DE000A0KRKG7 Borsa Italiana AIGI GB00B15KYG56 ETFS LEAN HOGS GB00B15KXZ70 HOGS GB00B15KXZ70 Borsa Italiana HOGS DE000A0KRJ10 ETFS LIVE CATTLE GB00B15KY096 CATL GB00B15KY096 Deutsche Boerse OD7K DE000A0KRJ28 ETFS LIVESTOCK DJ-UBSCISM GB00B15KYK92 AIGL GB00B15KYK92 Borsa Italiana AIGL GB00B15KYK92 ETFS NICKEL GB00B15KY211 NICK GB00B15KY211 Deutsche Boerse OD7M DE000A0KRJ44 Borsa Italiana NICK GB00B15KY211 ETFS PETROLEUM GB00B15KYC19 AIGO GB00B15KYC19 DJ-UBSCISM Borsa Italiana AIGO GB00B15KYC19 ETFS SOFTS DJ- UBSCISM GB00B15KYJ87 AIGS GB00B15KYJ87 Borsa Italiana AIGS GB00B15KYJ87 ETFS SOYBEANS GB00B15KY542 SOYB GB00B15KY542 Deutsche Boerse OD7Q DE000A0KRJ77 Borsa Italiana SOYB GB00B15KY542 ETFS SOYBEAN OIL GB00B15KY435 SOYO GB00B15KY435 Borsa Italiana SOYO GB00B15KY435 ETFS SUGAR GB00B15KY658 SUGA GB00B15KY658 Borsa Italiana SUGA GB00B15KY658

7 ETFS ZINC GB00B15KY872 ZINC GB00B15KY872 Deutsche Boerse OD7T DE000A0KRKA0 Borsa Italiana ZINC GB00B15KY872 Important Information General This communication has been provided by ETF Securities (UK) Limited ("ETFS UK") which is authorised and regulated by the United Kingdom Financial Services Authority ( FSA ). The products discussed in this document are issued by ETFS Commodity Securities Limited (the "Issuer"). The Issuer is regulated by the Jersey Financial Services Commission. When being made within Italy, this communication is for the exclusive use of the "qualified investors" and its circulation among the public is prohibited. This document is not, and under no circumstances is to be construed as, an advertisement or any other step in furtherance of a public offering of shares in the United States or any province or territory thereof, where none of the Issuer or any securities issued by it are authorised or registered for distribution and where no prospectus of the Issuer has been filed with any securities commission or regulatory authority. Neither this document nor any copy hereof should be taken, transmitted or distributed (directly or indirectly) into the United States. Neither the Issuer nor any securities issued by it have been or will be registered under the United States Securities Act of 1933 or the Investment Company Act of 1940 or qualified under any applicable state securities statutes. This document may contain independent market commentary prepared by ETFS UK based on publicly available information. ETFS UK does not warrant or guarantee the accuracy or correctness of any information contained herein and any opinions related to product or market activity may change. Any third party data providers used to source the information in this communication make no warranties or representation of any kind relating to such data. Any historical performance included in this document may be based on back testing. Back tested performance is purely hypothetical and is provided in this document solely for informational purposes. Back tested data does not represent actual performance and should not be interpreted as an indication of actual or future performance. Historical performance is not an indication of or a guide to future performance. The information contained in this communication is neither an offer for sale nor a solicitation of an offer to buy securities. This communication should not be used as the basis for any investment decision. ETFS UK is required by the FSA to clarify that it is not acting for you in any way in relation to the investment or investment activity to which this communication relates. In particular, ETFS UK will not provide any investment services to you and or advise you on the merits of, or make any recommendation to you in relation to, the terms of any transaction. No representative of ETFS UK is authorised to behave in any way which would lead you to believe otherwise. ETFS UK is not, therefore, responsible for providing you with the protections afforded to its clients and you should seek your own independent legal, investment and tax or other advice as you see fit. Risk Warnings Securities issued by the Issuer are complex, structured products involving a significant degree of risk and are not suitable for all types of investor. Securities offered by the Issuer are aimed at sophisticated, professional and institutional investors. You must seek appropriate financial, tax and other advice from independent financial advisors with appropriate regulatory authorisation and qualifications. Any decision to invest should be based on the information contained in the prospectuses of the Issuer (or any supplements thereto) which includes, inter alia, information on certain risks associated with an investment. The price of any securities may go up or down and an investor may not get back the amount invested. Securities are priced in US Dollars and the value of the investment in other currencies will be affected by exchange rate movements. Investments in the securities of the Issuer which provide a short and/or leveraged exposure are only suitable for sophisticated, professional and institutional investors who understand leveraged and compounded daily returns and are willing to magnify potential losses by comparison to investments which do not incorporate these strategies. Over periods of greater than one day, investments with a short and/or leveraged exposure do not necessarily provide investors with a return equivalent to a return from the unleveraged long or unleveraged short investments multiplied by the relevant leverage factor. Investors should refer to the section entitled "Risk Factors" in the relevant prospectus for further details of these and other risks associated with an investment in the securities offered by the Issuer. The prospectuses of the Issuer may be obtained from Please contact ETFS UK at or info@etfsecurities.com for more information. Passporting and Restricted Investors The FSA has delivered to the regulators listed below certificates of approval attesting that the prospectuses of the Issuer have been drawn up in accordance with Directive 2003/71/EC:

8 The prospectuses of the Issuer have been passported from the United Kingdom into Austria, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Portugal, Spain and Sweden and have been filed with Österreichische Finanzmarktaufsicht (Austrian Financial Market Authority) in Austria, Finanstilsynet (Financial Supervisory Authority) in Denmark, Finanssivalvonta (Finnish Financial Supervisory Authority) in Finland, l'autorité des Marchés Financiers (AMF) in France the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) in Germany, the Central Bank of Ireland in Ireland, CONSOB and the Bank of Italy in Italy, the Authority Financial Markets (Autoriteit Financiële Markten) in the Netherlands, Comissão do Mercado de Valores Mobiliários (Portuguese Securities Market Commission) in Portugal, Comisión Nacional del Mercado de Valores (Securities Market Commission) in Spain and the Finansinspektionen (Financial Supervisory Authority) in Sweden. Copies of prospectuses and related regulatory documentation, including annual reports, can be obtained in France from HSBC France, 103, Avenue des Champs Elysées, Paris, in Germany from HSBC Trinkhaus & Burkhardt, AG, Konsortialgeschäft, Königsalle 21/23, Dusseldorf and in the Netherlands from AMN Amro Bank (Nederland) N.V. (t) or faxed request to Investors in other countries can obtain the prospectuses from Please contact ETFS UK at or for more information. This document is not a financial analysis pursuant to Section 34b of the German Securities Trading Act (Wertpapierhandelsgesetz WpHG) and consequently does not meet all legal requirements to warrant the objectivity of a financial analysis and is also not subject to the ban on trading prior to the publication of a financial analysis. This document is not addressed to or intended directly or indirectly, to (a) any persons who do not qualify as qualified investors (gekwalificeerde beleggers) within the meaning of section 1:1 of the Dutch Financial Supervision Act as amended from time to time; and/or (b) in circumstances where other exemptions or dispensations from the prohibition the Dutch Financial Supervision Act or the Exemption Regulation of the Act on Financial Supervision apply. The Issuer is not required to have a license pursuant to the Dutch Financial Supervision Act as it is exempt from any licensing requirements and is not regulated by the Netherlands Authority for the Financial Markets and consequently no prudential and conduct of business supervision will be exercised. Other than as set out above investors may contact ETFS UK at +44 (0) or at info@etfsecurities.com to obtain copies of prospectuses and related regulatory documentation, including annual reports. Other than as separately indicated, this communication is being made on a "private placement" basis and is intended solely for the professional / institutional recipient to which it is delivered. Third Parties Securities issued by the Issuer are direct, limited recourse obligations of the relevant Issuer alone and are not obligations of or guaranteed by UBS AG ("UBS"), Merrill Lynch Commodities Inc. ("MLCI"), Bank of America Corporation ("BAC") or any of their affiliates. Each of UBS, MLCI and BAC disclaim all and any liability whether arising in tort, contract or otherwise which they might have in respect of this document or its contents otherwise arising in connection herewith. The Dow Jones-UBS Commodity IndexesSM are a joint product of Dow Jones Opco, LLC ( Dow Jones Opco ), a subsidiary of S&P Dow Jones Indices LLC, and UBS Securities LLC ( UBS ), and have been licensed for use. Dow Jones and DJ are trademarks of Dow Jones Trademark Holdings LLC. UBS is a registered trademark of UBS AG. S&P is a registered trademark of Standard & Poor s Financial Services LLC. Securities issued by the Issuer based on the Dow Jones-UBS Commodity IndicesSM, are not sponsored, endorsed, sold or promoted by Dow Jones, UBS, Dow Jones Opco or any of their respective subsidiaries or affiliates, and none of Dow Jones, UBS, Dow Jones Opco or any of their respective affiliates, makes any representation regarding the advisability of investing in such product(s).