Appointment of Director

RNS No: [ ]

Gold Bullion Securities Limited

5 October 2010

Gold Bullion Securities Limited

Appointment of Director

Gold Bullion Securities Limited (the "Company") wishes to announce the appointment of Tom Quigley as a director of the Company with effect from 5 October 2010. Tom's biography is as follows:

Tom Quigley - Non-Executive Director

Tom Quigley is the Chief Financial Officer of ETF Securities Limited and is non-executive director of the Company, ETFS Commodity Securities Limited, ETFS Metal Securities Limited, ETFS Oil Securities Limited and ETFS Foreign Exchange Limited. Mr Quigley is also the Chief Financial Officer and Treasurer of ETF Securities USA LLC. Previously, Mr Quigley held senior management positions in investment banking where he was a Managing Director at ING Barings Investment Banking and, prior to that, at Close Brothers Corporate Finance in the City of London. More recently, he was a Director of Terra Firma Capital Partners, the private equity firm, and a Managing Director at W.P. Carey & Co LLC, the asset management firm. He is a Chartered Accountant and a member of the ICAEW having trained with Price Waterhouse in London. Mr Quigley holds an MA in Physics from Oxford University, England.

For further information, please contact:

Christopher Osgood

R&H Fund Services (Jersey) Limited

Tel: +44 (0) 1534 825200

Fax: +44 (0) 1534 825250

E-mail address: [email protected]