CSDS UK RNS Name Changes (19 December 2025)

19 December 2025

CoinShares Digital Securities Limited

LEI: 549300DR7967WVLR3P83

Exchange Traded Products Programme for the issue of

CoinShares Physical Bitcoin Digital Securities andCoinShares Physical Staked Ethereum Digital Securities

Change of Names of the Relevant Securities and amendment to certain Conditions

CoinShares Digital Securities Limited (the "Issuer") announces that it has entered into an eleventh supplemental trust instrument (the "Eleventh Supplemental Trust Instrument") with the Trustee dated 19 December 2025 pursuant to which certain additional classes (the "New Classes") of Individual Securities have been created and certain amendments have been made to the Trust Instrument and the Conditions including changes to the names of the Relevant Securities and changes to the Conditions.

Under the Eleventh Supplemental Trust Instrument the short names of the Relevant Securities are amended as follows:

The CoinShares Physical Bitcoin Digital Securities are now named:

CoinShares Bitcoin ETP

The CoinShares Physical Staked Ethereum Digital Securities are now named:

CoinShares Ethereum Staking ETP

The amendments to the Conditions include:

· the definition of Redemption Notice Date in Condition 1.1 has been amended so as to provide as follows:

"Redemption Notice Date" means an Issuer Business Day on which a valid Redemption Notice is received provided that a Redemption Notice received after 5.00 p.m. (London time) on an Issuer Business Day will be treated as having been received on the immediately following Issuer Business Day unless the Issuer agrees to treat the Redemption Notice as having been received prior to 5:00 p.m. in which case the Redemption Notice shall be deemed to have been received on that Issuer Business Day;

· Condition 7.9 has been amended by the deletion of the words "2.00 p.m. (London time) on an Issuer Business Day shall be treated as lodged on the immediately following Issuer Business Day" and the substitution of:

"5.00 p.m. (London time) on an Issuer Business Day shall be treated as lodged on the immediately following Issuer Business Day unless the Issuer agrees to treat the Redemption Notice as having been received prior to 5:00 p.m. in which case the Redemption Notice shall be deemed to have been received on that Business Day".

The New Classes will not be admitted to trading on the London Stock Exchange or admitted to the Official List and are not the subject of the Base Prospectus. They are described in a supplemental prospectus dated 19 December 2025 to the EU Prospectus approved by the SFSA. Only the CoinShares Bitcoin ETP Digital Securities and the CoinShares Ethereum Staking ETP Digital Securities are the subject of the Base Prospectus, and are available in the United Kingdom.

Terms used in this announcement and not otherwise defined bear the same meanings as where used in the base prospectus (the "Base Prospectus") of the Issuer dated 27 October 2025.

For further information, please contact:

CoinShares Digital Securities Limited

2 Hill Street

St. Helier, Jersey,

JE24UA

Channel Islands

[email protected]