<SEC-DOCUMENT>0001483386-14-000034.txt : 20141118
<SEC-HEADER>0001483386-14-000034.hdr.sgml : 20141118
<ACCEPTANCE-DATETIME>20141118094950
ACCESSION NUMBER:		0001483386-14-000034
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20141118
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20141118
DATE AS OF CHANGE:		20141118

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ETFS Precious Metals Basket Trust
		CENTRAL INDEX KEY:			0001483386
		STANDARD INDUSTRIAL CLASSIFICATION:	 [6221]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34917
		FILM NUMBER:		141230637

	BUSINESS ADDRESS:	
		STREET 1:		ETF SECURITIES USA LLC
		STREET 2:		48 WALL STREET, 11TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005
		BUSINESS PHONE:		212-918-4954

	MAIL ADDRESS:	
		STREET 1:		ETF SECURITIES USA LLC
		STREET 2:		48 WALL STREET, 11TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>gltr-20141118x8k.htm
<DESCRIPTION>8-K
<TEXT>
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			GLTR 8-K
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			<a name="_GoBack"></a><font style="display: inline;font-weight:bold;font-size:18pt;">UNITED STATES</font><br /><font style="display: inline;font-weight:bold;font-size:18pt;">SECURITIES AND EXCHANGE COMMISSION </font><br /><font style="display: inline;font-weight:bold;font-size:18pt;"></font><font style="display: inline;font-weight:bold;">WASHINGTON, D.C. 20549 </font>
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			<font style="display: inline;font-size:9pt;">__________________________</font><br /><font style="display: inline;font-size:9pt;"></font><br /><font style="display: inline;font-size:9pt;"></font><font style="display: inline;font-weight:bold;font-size:18pt;">FORM 8-K </font><br /><font style="display: inline;font-weight:bold;font-size:18pt;"></font><font style="display: inline;font-size:9pt;">__________________________</font><br /><font style="display: inline;font-size:9pt;"></font><br /><font style="display: inline;font-size:9pt;"></font><font style="display: inline;font-weight:bold;">CURRENT REPORT </font><br /><font style="display: inline;font-weight:bold;"></font><br /><font style="display: inline;font-weight:bold;">Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934 </font><br /><font style="display: inline;font-weight:bold;"></font><br /><font style="display: inline;font-weight:bold;"></font><font style="display: inline;font-weight:bold;font-size:10pt;">Date of Report (Date of Earliest Event </font><font style="display: inline;font-weight:bold;font-size:10pt;">Reported):</font><font style="display: inline;font-weight:bold;font-size:10pt;">&nbsp;</font><font style="display: inline;font-weight:bold;font-size:10pt;">November </font><font style="display: inline;font-weight:bold;font-size:10pt;">18</font><font style="display: inline;font-weight:bold;font-size:10pt;">, 2014</font><br /><font style="display: inline;font-weight:bold;font-size:10pt;"></font><br /><font style="display: inline;font-weight:bold;font-size:10pt;"></font><font style="display: inline;font-size:9pt;">__________________________</font><br /><font style="display: inline;font-size:9pt;"></font><br /><font style="display: inline;font-size:9pt;"></font><font style="display: inline;font-size:24pt;">ETFS </font><font style="display: inline;font-size:24pt;">Precious Metals Basket</font><font style="display: inline;font-size:24pt;"> Trust</font><br /><font style="display: inline;font-size:24pt;"></font><font style="display: inline;font-size:10pt;">(Exact name of registrant as specified in its charter) </font><br /><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:9pt;">__________________________</font><br /><font style="display: inline;font-size:9pt;"></font>
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						<font style="display: inline;font-weight:bold;font-size:10pt;">New York</font></p>
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						<font style="display: inline;font-size:10pt;">(State or other jurisdiction</font></p>
					<p style="margin:0pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">of incorporation)</font></p>
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						<font style="display: inline;font-weight:bold;font-size:10pt;">001-34917</font></p>
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						<font style="display: inline;font-size:10pt;">(Commission File Number)</font></p>
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						<font style="display: inline;font-weight:bold;font-size:10pt;">27-2780046</font></p>
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						<font style="display: inline;font-size:10pt;">(I.R.S. Employer</font></p>
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						<font style="display: inline;font-size:10pt;">Identification No.)</font></p>
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						<font style="display: inline;font-size:10pt;">&nbsp;</font></p>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">c/o </font><font style="display: inline;font-weight:bold;font-size:10pt;">ETFS Securities USA LLC</font><br /><font style="display: inline;font-weight:bold;font-size:10pt;"></font><font style="display: inline;font-weight:bold;font-size:10pt;">48 Wall Street, 11</font><font style="display: inline;font-weight:bold;font-size:10pt;font-size:5pt;top:-4pt;position:relative;line-height:100%">th</font><font style="display: inline;font-weight:bold;font-size:10pt;"> Floor</font><br /><font style="display: inline;font-weight:bold;font-size:10pt;"></font><font style="display: inline;font-weight:bold;font-size:10pt;">New York, New York 10005</font><br /><font style="display: inline;font-weight:bold;font-size:10pt;"></font><font style="display: inline;font-weight:bold;font-size:7.5pt;">(Address of Principal Executive Offices) </font><br /><font style="display: inline;font-weight:bold;font-size:7.5pt;"></font><br /><font style="display: inline;font-weight:bold;font-size:7.5pt;"></font><font style="display: inline;font-weight:bold;font-size:10pt;">Registrant&#x2019;s telephone number, including area code: (</font><font style="display: inline;font-weight:bold;font-size:10pt;">212</font><font style="display: inline;font-weight:bold;font-size:10pt;">)&nbsp;</font><font style="display: inline;font-weight:bold;font-size:10pt;">918-4954</font><br /><font style="display: inline;font-weight:bold;font-size:10pt;"></font><br /><font style="display: inline;font-weight:bold;font-size:10pt;"></font><font style="display: inline;font-weight:bold;font-size:10pt;">Not Applicable </font><br /><font style="display: inline;font-weight:bold;font-size:10pt;"></font><font style="display: inline;font-weight:bold;font-size:7.5pt;">Former name or former address, if changed since last report</font>
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			<font style="display: inline;font-size:10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </font>
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		<p style="margin:0pt 0pt 12pt 12pt;text-indent: -12pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:-12pt; padding-right:22pt;"><font style="display: inline;"></font><font style="display: inline;"></font><font style="display: inline;"></font><font style="display: inline;"></font><font style="display: inline;"></font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;"></font></font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 12pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;font-size:10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </font>
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		<p style="margin:0pt 0pt 12pt 12pt;text-indent: -12pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:-12pt; padding-right:22pt;"><font style="display: inline;"></font><font style="display: inline;"></font><font style="display: inline;"></font><font style="display: inline;"></font><font style="display: inline;"></font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;"></font></font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 12pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;font-size:10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </font>
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		<p style="margin:0pt 0pt 12pt 24pt;text-indent: -24pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;"></font><font style="display: inline;"></font><font style="display: inline;"></font><font style="display: inline;"></font><font style="display: inline;"></font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 24pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;font-size:10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </font>
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		<p style="margin:0pt 0pt 12pt 24pt;text-indent: -24pt;text-align:left;border-bottom:1pt none #D9D9D9 ;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;"></font><font style="display: inline;"></font><font style="display: inline;"></font><font style="display: inline;"></font><font style="display: inline;"></font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 24pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;font-size:10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </font>
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			<font style="display: inline;">&nbsp;</font>
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			&nbsp;

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</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-weight:bold;font-size:10pt;">Item 8.01. Other Events</font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">&nbsp;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">On </font><font style="display: inline;font-size:10pt;">November </font><font style="display: inline;font-size:10pt;">18</font><font style="display: inline;font-size:10pt;">, &nbsp;</font><font style="display: inline;font-size:10pt;">2014, the registrant issued the press release attached </font><font style="display: inline;font-size:10pt;">hereto as Exhibit 99.1, </font><font style="display: inline;font-size:10pt;">which is incorporated herein by reference.&nbsp; </font><font style="display: inline;font-size:10pt;"></font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">Item 9.01. Financial Statements and Exhibits</font>
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			<font style="display: inline;font-size:10pt;">&nbsp;</font>
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						&nbsp;</p>
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						&nbsp;</p>
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						<font style="display: inline;font-size:10pt;">Exhibit No.</font></p>
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						&nbsp;</p>
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						<font style="display: inline;font-size:10pt;">Description</font></p>
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						<font style="display: inline;font-size:10pt;">99.1</font></p>
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					<p style="margin:0pt;line-height:10pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt 0pt 1pt;line-height:10pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Press Release, dated November 18, 2014</font></p>
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			<font style="display: inline;font-size:10pt;">&nbsp;</font>
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			&nbsp;

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</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 12pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> in the capacities</font><font style="font-family:Times New Roman;font-size:12pt;display: inline;font-weight:bold;font-size:10pt;"></font><font style="display: inline;font-size:10pt;"> indicated</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> hereunto duly authorized. </font>
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			<font style="display: inline;font-size:10pt;">Date: </font><font style="display: inline;font-size:10pt;">November </font><font style="display: inline;font-size:10pt;">18</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">, 201</font><font style="display: inline;font-size:10pt;">4</font>
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		<p style="margin:0pt 0pt 12pt 216pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">ETFS </font><font style="display: inline;font-weight:bold;">Precious Metals Basket</font><font style="display: inline;font-weight:bold;"> Trust</font><br /><font style="display: inline;font-weight:bold;"></font><br /><font style="display: inline;font-weight:bold;"></font><font style="display: inline;font-size:10pt;">By:</font><font style="display: inline;font-size:10pt;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;font-size:10pt;">ETF Securities USA LLC, Sponsor of the ETFS </font><font style="display: inline;font-size:10pt;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">Precious Metals Basket</font><font style="display: inline;font-size:10pt;"> Trust</font><font style="display: inline;font-size:10pt;">.</font><br /><font style="display: inline;font-size:10pt;"></font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:221.4pt;">
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					<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display: inline;font-size:1pt;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">By:</font></p>
				</td>
				<td valign="top" style="width:219.90pt;border-bottom:1pt solid #000000 ;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 0pt 0.1pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">/s/ Graham Tuckwell</font></p>
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					<p style="margin:0pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:219.90pt;border-top:1pt solid #000000 ;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Graham Tuckwell</font></p>
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				<td valign="top" style="width:37.50pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:219.90pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">President and Chief Executive Officer</font></p>
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					<p style="margin:0pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp;</font></p>
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				<td valign="top" style="width:219.90pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">(Principal Executive Officer)</font></p>
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					<p style="margin:0pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp;</font></p>
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				<td valign="top" style="width:219.90pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
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					<p style="margin:0pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">By:</font></p>
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				<td valign="top" style="width:219.90pt;border-bottom:1pt solid #000000 ;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 0pt 0.1pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">/s/ Joseph Roxburgh</font></p>
				</td>
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					<p style="margin:0pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:219.90pt;border-top:1pt solid #000000 ;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Joseph Roxburgh</font></p>
				</td>
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						<font style="display: inline;font-size:10pt;">&nbsp;</font></p>
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				<td valign="top" style="width:219.90pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Chief Financial Officer and Treasurer</font></p>
					<p style="margin:0pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">(Principal Financial Officer and Principal Accounting Officer)</font></p>
				</td>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>gltr-20141118ex9911f7302.htm
<DESCRIPTION>EX-99.1
<TEXT>
<!--HTML document created with Rivet Software Powered by Crossfire 5.10.188.0-->
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		<title>
			Exhibit 991
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	<body><div style="margin-left:72pt;margin-right:72pt;"><div style="width:100%">

		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">

			&nbsp;

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		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 11pt">
			<a name="_GoBack"></a><font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;background-color: #FFFFFF;">Press release jointly issued by ETFS Platinum Trust, ETFS Palladium Trust, </font>
		</p>
		<p style="margin:0pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;background-color: #FFFFFF;">ETFS Precious Metals Basket Trust &amp; ETFS White Metals Basket Trust.</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:right;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font>
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		<p style="margin:0pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">ETFS </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">Platinum</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;"> Trust</font>
		</p>
		<p style="margin:0pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">ETFS </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">Palladium</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;"> Trust</font>
		</p>
		<p style="margin:0pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">ETFS Precious Metals Basket Trust</font>
		</p>
		<p style="margin:0pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">&amp;</font>
		</p>
		<p style="margin:0pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">ETFS White Metals Basket Trust</font>
		</p>
		<p style="margin:0pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">to Use</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">London </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">M</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">etal </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">E</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">xchange </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">Pric</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">ing for Platinum and Palladium</font>
		</p>
		<p style="margin:0pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">as Their Benchmark Price Starting </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">December 1, 2014</font>
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		<p style="margin:0pt;line-height:normal;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-align:justify;text-justify:inter-ideograph;line-height:115%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">New York, NY &#x2013; </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">November</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">18</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">, 2014 &#x2013;</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">The London Platinum and Palladium</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">Fixing Company Limited (the </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;font-style:italic;font-size:12pt;background-color: #FFFFFF;">LPPFCL</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">)</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">has announced its intention</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">to </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">revise </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">the </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;font-style:italic;font-size:12pt;background-color: #FFFFFF;">London Fix</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&#x201D; pricing benchmark</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;"> processes</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;"> for </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">platinum and palladium</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;"> after </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">November 30</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">, 2014.&nbsp; </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">The </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">afternoon session of the </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">London Fix has been the &#x201C;</font><font style="display: inline;font-family:Times New Roman;font-style:italic;font-size:12pt;background-color: #FFFFFF;">Benchmark Price</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&#x201D; for valuation of </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">platinum and palladium </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">bullion held</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;"> respectively</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;"> by each of the </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">ETFS Platinum Trust</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">(NYSE Arca: PPLT) </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">(the &#x201C;</font><font style="display: inline;font-family:Times New Roman;font-style:italic;font-size:12pt;background-color: #FFFFFF;">Platinum Trust</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&#x201D;)</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">, &nbsp;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">the </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">ETFS Palladium Trust, </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">(NYSE Arca: </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">PALL</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">)</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;"> (the &#x201C;</font><font style="display: inline;font-family:Times New Roman;font-style:italic;font-size:12pt;background-color: #FFFFFF;">Palladium</font><font style="display: inline;font-family:Times New Roman;font-style:italic;font-size:12pt;background-color: #FFFFFF;"> Trust</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&#x201D;)</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">, &nbsp;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">the </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">ETFS Precious Metals Basket Trust</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">(NYSE Arca: GLTR)</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;"> (the &#x201C;</font><font style="display: inline;font-family:Times New Roman;font-style:italic;font-size:12pt;background-color: #FFFFFF;">Precious Metals Trust</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&#x201D;) and the </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">ETFS White Metals Basket Trust</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">(NYSE Arca: </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">WITE</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">)</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;"> (the &#x201C;</font><font style="display: inline;font-family:Times New Roman;font-style:italic;font-size:12pt;background-color: #FFFFFF;">White Metals Trust</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&#x201D; and together with the </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">Platinum Trust, </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">the </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">Palladium Trust, </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">and the Precious Metals Trust, the &#x201C;</font><font style="display: inline;font-family:Times New Roman;font-style:italic;font-size:12pt;background-color: #FFFFFF;">ETFS Trusts</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&#x201D;). </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">The </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">LPPFCL</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;"> has accepted a proposal by </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">the London Metal Exchange (&#x201C;</font><font style="display: inline;font-family:Times New Roman;font-style:italic;font-size:12pt;background-color: #FFFFFF;">LME</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&#x201D;) </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">to </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">administer</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">revised</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">platinum and palladium </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">price benchmark mechanism</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">s</font><font style="display: inline;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">on its behalf</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">. C</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">ommencing </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">December </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">1, 2014, </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">the L</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">ME will operate</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">platinum and palladium</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;"> bullion </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">price fixing systems that will replicate electronically the current manual </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">London Fix</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;"> processes employed by the LPPFCL as well as provide electronic </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">market </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">clearing process</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">es</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">for platinum and palladium bullion transactions at the fixed prices</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">established by the LME pricing mechanism</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">. The </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">new</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;"> ele</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">ctronic price fixing processes </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">to be used by the LME </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">will </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">continue </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">to </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">establish and publish fixed price</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">s</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;"> for </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">troy ounce</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">s</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;"> of </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">platinum and palladium twice</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">each </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">London</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">trading day </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">at </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">9:</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">45 am </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">London time </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">(the &#x201C;</font><font style="display: inline;font-family:Times New Roman;font-style:italic;font-size:12pt;background-color: #FFFFFF;">LME AM Fix</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&#x201D;)</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">and 2</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">:</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">00 pm London time </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">(the &#x201C;</font><font style="display: inline;font-family:Times New Roman;font-style:italic;font-size:12pt;background-color: #FFFFFF;">L</font><font style="display: inline;font-family:Times New Roman;font-style:italic;font-size:12pt;background-color: #FFFFFF;">ME PM Fix</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&#x201D;). </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">In addition to utilizing the same </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">London Fix</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;"> standards and methods, the LME will also </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">supervise the platinum and palladium </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">electronic </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">price fixing processes through its market operations, compliance, internal audit and third-party complaint handling capabilities</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;"> in order to </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">support</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;"> the integrity of the LME AM and PM Fixes</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">. &nbsp;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font>
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			<font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font>
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			<font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">ETF Securities USA LLC, the sponsor of the ETFS Trust</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">s (the &#x201C;</font><font style="display: inline;font-family:Times New Roman;font-style:italic;font-size:12pt;background-color: #FFFFFF;">Sponsor</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&#x201D;)</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">, &nbsp;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">anticipates that, commencing </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">December</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">1, 2014,</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;"> the Sponsor will determine that the</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">London Fix</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">, which will have </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">been revised based on a new LME method </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">and will now be known as the LME PM Fix, will be </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">an appropriate basis for valuing </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">platinum and palladium </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">bullion</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">, as applicable,</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;"> received upon purchase of an ETFS Trust&#x2019;s shares, delivered upon redemption of an ETFS Trust&#x2019;s shares and </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">for determining the value of the </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">ETFS </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">Trusts</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">platinum and palladium</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;"> bullion</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">, as applicable,</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">each trading day</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">.&nbsp; </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">The Sponsor also expects to determine that the </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">LME PM Fix</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;"> will fairly represent the commercial value of </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">platinum and palladium</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">bullion</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">, as applicable,</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">held by </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">each ETFS</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;"> Trust and, e</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">ffective 60 days after the delivery of notice </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">of such determination </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">to T</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">he Depository Trust Company, the registered owner of </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">the shares of each ETFS Trust</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">, the &#x201C;</font><font style="display: inline;font-family:Times New Roman;font-style:italic;font-size:12pt;background-color: #FFFFFF;">Benchmark Price</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">" (as </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">defined in </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">each ETFS</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;"> Trust&#x2019;s </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">Depositary </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">Trust Agreement</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">)</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">as of any day will be the </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">applicable </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;">LME PM Fix</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;background-color: #FFFFFF;"> for such day.&nbsp; </font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">CONTACT:</font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;background-color: #FFFFFF;">Benoit Autier +1 212-918-4955</font>
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