This communication is made by ETF Securities Marketing LLP of 6th Floor, 2 London Wall Buildings, London EC2M 5UU. Any references in the following document to ETF Securities Limited making this communication should be construed as references to ETF Securities Marketing LLP.

With effect from 1 January 2011, ETFS Management Company (Jersey) Limited has replaced ETF Securities Limited as the Product Manager of each of ETFS Commodity Securities Limited, ETFS Foreign Exchange Limited, ETFS Industrial Metal Securities Limited, ETFS Metal Securities Limited, ETFS Oil Securities Limited and Gold Bullion Securities Limited. Any references in the following document to ETF Securities Limited shall be construed as references to ETF Securities Management Company (Jersey) Limited. ETFS Management Company (Jersey) Limited is regulated by the Jersey Financial Services Commission. ETF Securities Marketing LLP is not regulated by the Jersey Financial Services Commission.

This communication is provided for your general information only and does not constitute investment advice or an offer to sell or the solicitation of an offer to buy any investment. The terms and conditions applicable to investors will be set out in the relevant Prospectus.

Nothing in this communication is advice on the merits of any product or investment. Nothing in this communication constitutes investment, legal, tax or any other advice nor is it to be relied on in making an investment or other decision. You should take your own independent investment, tax and legal advice as you think fit.

This communication is directed only at persons who: (a) are outside the European Economic Area; or (b) are investment professionals falling within Article 19(5) of the United Kingdom Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FPO"), who have professional experience in matters relating to investments; or (c) are high net worth organisations falling within Article 49(2) of the FPO (broadly, companies or partnerships with net assets of £5m sterling or more and trustees of trusts with assets of £10m or more); or (d) are persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as "exempt persons"). This communication must not be acted upon or relied on by persons who are not exempt persons.

This communication is made by ETF Securities Marketing LLP of 6th Floor, 2 London Wall Buildings, London EC2M 5UU. Any references in the following document to ETF Securities Limited making this communication should be construed as references to ETF Securities Marketing LLP. With effect from 1 January 2011, ETFX Investment Management LLP has replaced ETF Securities Limited as the Promoter of the Company. Any references in the following document to ETF Securities Limited (other than references to ETF Securities Limited making this communication) shall be construed as references to ETFX Investment Management LLP. ETFX Investment Management LLP is not regulated by the Jersey Financial Services Commission but is authorised and regulated by the United Kingdom Financial Services Authority. ETF Securities Marketing LLP is not regulated by the Jersey Financial Services Commission.

This communication is provided for your general information only and does not constitute investment advice or an offer to sell or the solicitation of an offer to buy any investment. The terms and conditions applicable to investors will be set out in the relevant Prospectus.

Nothing in this communication is advice on the merits of any product or investment. Nothing in this communication constitutes investment, legal, tax or any other advice nor is it to be relied on in making an investment or other decision. You should take your own independent investment, tax and legal advice as you think fit.

This communication is directed only at persons who: (a) are outside the European Economic Area; or (b) are investment professionals falling within Article 19(5) of the United Kingdom Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FPO"), who have professional experience in matters relating to investments; or (c) are high net worth organisations falling within Article 49(2) of the FPO (broadly, companies or partnerships with net assets of £5m sterling or more and trustees of trusts with assets of £10m or more); or (d) are persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as "exempt persons"). This communication must not be acted upon or relied on by persons who are not exempt persons.

La presente comunicazione è rilasciata da ETF Securities Marketing LLP, 6th Floor, 2 London Wall Buildings, London EC2M 5UU, Regno Unito. Qualunque riferimento nel documento qui di seguito al rilascio della presente comunicazione da parte di ETF Securities Limited deve essere inteso come riferito a ETF Securities Marketing LLP. ETF Securities Marketing LLP non è disciplinata dalla Jersey Financial Services Commission.

A decorrere dal 1° gennaio 2011, ETFS Management Company (Jersey) Limited ha sostituito ETF Securities Limited quale Gestore del prodotto di ETFS Commodity Securities Limited, ETFS Foreign Exchange Limited, ETFS Industrial Metal Securities Limited, ETFS Metal Securities Limited, ETFS Oil Securities Limited e Gold Bullion Securities Limited. Qualunque riferimento nel documento qui di seguito a ETF Securities Limited (tranne i riferimenti al rilascio della presente comunicazione da parte di ETF Securities Limited) deve intendersi come riferito a ETFS Management Company (Jersey) Limited. ETFS Management Company (Jersey) Limited è disciplinata dalla Jersey Financial Services Commission.

La presente comunicazione è fornita a titolo puramente informativo e non costituisce una consulenza in materia di investimento né un’offerta o sollecitazione di offerta di acquisto di un investimento. I termini e le condizioni applicabili agli investitori saranno indicati nel Prospetto informativo pertinente.

Nessun elemento della presente comunicazione costituisce una consulenza in merito alle proprietà di un prodotto o investimento. La presente comunicazione non costituisce in alcun modo una consulenza finanziaria, legale, fiscale o di altra natura e non deve essere considerata una base su cui fondare decisioni in materia di investimento o altro. Gli investitori devono rivolgersi a consulenti finanziari, fiscali e legali indipendenti, secondo quanto ritenuto opportuno.

La presente comunicazione è rilasciata da ETF Securities Marketing LLP, 6th Floor, 2 London Wall Buildings, London EC2M 5UU, Regno Unito. Qualunque riferimento nel documento qui di seguito al rilascio della presente comunicazione da parte di ETF Securities Limited deve essere inteso come riferito a ETF Securities Marketing LLP.

A decorrere dal 1° gennaio 2011, ETFX Investment Management LLP ha sostituito ETF Securities Limited quale Promotore della Società. Qualunque riferimento nel documento qui di seguito a ETF Securities Limited (tranne i riferimenti al rilascio della presente comunicazione da parte di ETF Securities Limited) deve intendersi come riferito a ETFX Investment Management LLP. ETFX Investment Management LLP non è disciplinata dalla Jersey Financial Services Commission, ma è autorizzata e disciplinata dalla Financial Services Authority del Regno Unito. ETF Securities Marketing LLP non è disciplinata dalla Jersey Financial Services Commission.

La presente comunicazione è fornita a titolo puramente informativo e non costituisce una consulenza in materia di investimento né un’offerta o sollecitazione di offerta di acquisto di un investimento. I termini e le condizioni applicabili agli investitori saranno indicati nel Prospetto informativo pertinente.

Nessun elemento della presente comunicazione costituisce una consulenza in merito alle proprietà di un prodotto o investimento. La presente comunicazione non costituisce in alcun modo una consulenza finanziaria, legale, fiscale o di altra natura e non deve essere considerata una base su cui fondare decisioni in materia di investimento o altro. Gli investitori devono rivolgersi a consulenti finanziari, fiscali e legali indipendenti, secondo quanto ritenuto opportuno.