ETF Securities, a world leader in commodity ETFs

ETF Securities Ltd is a leading promoter and issuer of ETF Securities exchange traded products (ETPs), specializing in commodities, with global assets under management of over $19.5 billion as of 05/18/10.

About Us

ETF Securities is a provider of Exchange Traded Products (ETFs, Commodity ETCs and Currency ETCs). The management of ETF Securities pioneered the development of ETCs, with the world's first listing of an ETC, Gold Bullion Securities in Australia and London in 2003 and then the world's first entire ETC platform which was listed on the London Stock Exchange in September 2006.

ETF Securities now offers more than 200 Exchange Traded Products (ETPs). The ETPs provide investors with a wide variety of investment strategies, with ETPs offering access to asset classes such as equities, currencies and commodities with physical, long, forward, leveraged and short exposure.

ETPs are simple to access as they are traded in five currencies (EUR, USD, GBP, JPY and AUD) and listed on nine major exchanges globally including the London Stock Exchange, the New York Stock Exchange, the Tokyo Stock Exchange, NYSE-Euronext Paris, NYSE-Euronext Amsterdam, Deutsche Börse, Borsa Italiana, the Australian Securities Exchange and the Irish Stock Exchange.

Global Partners

ETF Securities has worked with the following organisations to develop a market leading franchise:

HSBC N.A. - HSBC is one of the world's leading custodians for precious metals and precious metal products.

JP Morgan – JP Morgan is one of the world's leading custodians for precious metals and precious metal products.

Bank of New York Mellon – BNYM is one of the leading Trust administrators for precious metal products in the United States.

World Gold Council - The World Gold Council is an organization formed and funded by the world's leading gold mining companies with the aim of stimulating and maximizing the demand for, and holding of, gold by consumers, investors, industry, and the official sector.

Royal Dutch Shell - The Royal Dutch/Shell Group is a global group of energy and petrochemicals companies, operating in more than 140 countries and territories.

History

Awards

• Awarded Most Innovative ETP Award for Europe – Exchange Traded Currencies 2009 as voted by the readers of www.exchangetradedfunds.com
• Awarded Most Assets ETP, Award for Europe – ETFS Physical Gold 2009 as voted by the readers of www.exchangetradedfunds.com
• Awarded Most Assets ETP, Award for Asia Pacific – ETFS Physical Gold 2009 as voted by the readers of www.exchangetradedfunds.com
• Awarded ‘Best Currency ETF Management Company 2009’ as voted by the readers of ETF Express.
• Awarded ‘Most Innovative ETF Provider 2009’ as voted by the readers of ETF Express.
• Awarded ‘Most Innovative ETP Provider 2009’ as voted by the readers of ETF Express.
• Awarded ‘Best Commodity ETF Management Company - highly commended 2009’ as voted by the readers of ETF Express.
• Awarded 'Most Innovative ETF 2005 - OILB' as voted by the readers of www.exchangetradedfunds.com
• Awarded 'Most Innovative Product 2006 & 2007' as voted by the editors of Investors Chronicle (UK)
• Awarded 'Most Innovative ETF Hybrid Product Award for Europe 2006',2007' and 2008’ as voted by the readers of www.exchangetradedfunds.com
• Awarded 'Best ETF Provider – Commodities 2009’ as voted by the readers of Portfolio Institutionell/International magazine in Germany.

Management

Graham Tuckwell - Chairman

Graham Tuckwell is the founder and chairman of the ETF Securities group of companies. He is also the founder and chairman of Gold Bullion Securities Limited in the Channel Island of Jersey and Australia, which companies obtained the world's first listings of a commodity on a stock exchange. Previously, Graham was the founder and managing director of Investor Resources Limited, a boutique corporate advisory firm, which specialized in providing financial, technical and strategic advice to the resources industry. Prior to establishing Gold Bullion Securities Limited and Investor Resources Limited, he was Head of Mining Asia/Pacific at Salomon Brothers, Group Executive Director at Normandy Mining responsible for Strategy and Acquisitions and Head of Mergers and Acquisitions at Credit Suisse First Boston in Australia. Graham holds a Bachelor of Economics (Honours) and a Bachelor of Laws degree from the Australian National University. He is also a registered Representative of ALPS Distributors Inc.

*Third Generation ETFs

Third generation ETFs attempt to meet investor demands for increased levels of transparency, liquidity and counterparty risk management. Third Generation ETFs provide diversified index replication across a consortium of some the strongest financial players and concentrate liquidity within a single platform.

Associate Member

ETF Securities is an associate member of the following organisations:

• London Bullion Market Association (LBMA)
• London Platinum and Palladium Market (LPPM)

London Bullion Market Association (LBMA) The London Bullion Market Association (LBMA) is the London-based trade association that represents the wholesale over-the-counter market for gold and silver in London. The ongoing work of the Association encompasses many areas, among them refining standards, good trading practices and standard documentation. To find out more on LBMA, please click here: http://www.lbma.org.uk/

London Platinum and Palladium Market (LPPM) The London Platinum and Palladium Market (LPPM) was established in May 1987. It is a trade association, the purpose of which is to promote professional trading in London of both platinum and palladium. To find out more on LPPM, please click here: http://www.lppm.org.uk/

ETFS Physical Silver Shares are issued by the ETFS Silver Trust. ETFS Physical Swiss Gold Shares are issued by the ETFS Gold Trust. ETFS Physical Platinum Shares are issued by the ETFS Platinum Trust. ETFS Physical Palladium Shares are issued by the ETFS Palladium Trust.
ETFs = Exchange Traded Funds


Important Risks

The value of the Shares relates directly to the value of the precious metal held by the Trusts and fluctuations in the price could materially adversely affect an investment in the Shares. Several factors may affect the price of precious metals, including:

A change in economic conditions, such as a recession, can adversely affect the price of the precious metal held by the Trusts. Some metals are used in a wide range of industrial applications, and an economic downturn could have a negative impact on its demand and, consequently, its price and the price of the Shares;

Investors' expectations with respect to the rate of inflation;

Currency exchange rates;

Interest rates;

Investment and trading activities of hedge funds and commodity funds; and

Global or regional political, economic or financial events and situations. Should there be an increase in the level of hedge activity of the precious metal held by the Trusts or producing companies, it could cause a decline in world precious metal prices, adversely affecting the price of the Shares.

Also, should the speculative community take a negative view towards the precious metal held by the Trusts, it could cause a decline in prices, negatively impacting the price of the Shares.

There is a risk that part or all of the Trusts' physical precious metal could be lost, damaged or stolen. Failure by the Custodian or Sub-Custodian to exercise due care in the safekeeping of the precious metal held by the Trusts could result in a loss to the Trusts. Since there is no limit on the amount of platinum and palladium that the Trust may acquire, the Trust, as it grows, may have an impact on the supply and demand of platinum and palladium.

The Trusts have limited operating history.

Commodities generally are volatile and are not suitable for all investors. Trusts focusing on a single commodity generally experience greater volatility.

Please refer to the prospectus for complete information regarding all risks associated with the Trusts.

Shares in the Trusts are not FDIC insured and may lose value and have no bank guarantee.

Investors buy and sell shares on a secondary market (i.e., not directly from Trusts). Only market makers or "authorized participants" may trade directly with the Trusts, typically in blocks of 50k to 100k shares.

Carefully consider each Trusts' investment objectives, risk factors, and fees and expenses before investing.

An investment in the trust does not constitute a direct investment in the underlying metal.

ALPS Distributors, Inc. is the marketing agent for ETFS Silver Trust, ETFS Gold Trust, ETFS Platinum Trust and ETFS Palladium Trust.

For further discussion of the risks associated with an investment in the Trusts please read the prospectus.