Issue of ETFS S&L Commodity Securities Ltd

Dated 21 Oct 2011

ETFS COMMODITY SECURITIES LIMITED

(Incorporated and registered in Jersey under the Companies (Jersey) Law 1991(as amended) with registered number 90959)

(the "Issuer")

Programme for the issue of ETFS Short and Leveraged Commodity Securities

Multiple issue of

the number, class and type of Commodity Securities detailed below (the "ETFS Commodity Securities")

This Pricing Supplement (as referred to in the prospectus (the "Prospectus") dated 12 April 2011 in relation to the above Programme) relates to the issue of the ETFS Commodity Securities set out below. The ETFS Commodity Securities have the terms provided for in the trust instrument dated 21 September 2006 as amended by a supplemental trust instrument dated 17 September 2007 between the Issuer and The Law Debenture Trust Corporation p.l.c. as trustee constituting the ETFS Commodity Securities. Terms used in this Pricing Supplement bear the same meaning as in the Prospectus. The particulars in relation to this issue of ETFS Commodity Securities are as follows:

For all Securities being issued:

Issuer:

ETFS Commodity Securities Limited

Issue Date:

24 Oct 2011

Details of each Security being issued:

Class or Category of ETFS Commodity Securities to which this Pricing Supplement applies

ISIN

Price per ETFS Commodity Security US$

Aggregate Number of ETFS Commodity Securities to which this Pricing Supplement applies

ETFS Leveraged Aluminium

JE00B2NFTC05

8.9949153

20000

ETFS Leveraged Cocoa

JE00B2NFV803

21.5381922

10000

ETFS Leveraged Copper

JE00B2NFTF36

14.2372151

75000

ETFS Leveraged Crude Oil

JE00B2NFTJ73

3.4623328

25000

ETFS Leveraged Gold

JE00B2NFTL95

95.8021829

5000

ETFS Leveraged Industrial Metal DJ-UBSCISM

JE00B2NFV688

11.7131520

5000

ETFS Leveraged Lead

JE00B2NFTZ32

5.6521508

5000

ETFS Leveraged Natural Gas

JE00B2NFTQ41

0.2043916

8000000

ETFS Leveraged Platinum

JE00B2NFV134

16.2780807

20000

ETFS Leveraged Silver

JE00B2NFTS64

46.4888552

20000

ETFS Leveraged Wheat

JE00B2NFTX18

2.1483947

75000

ETFS Short All Commodities DJ-UBSCISM

JE00B24DKT75

55.5536943

165000

ETFS Short Copper

JE00B24DK645

34.4246400

20000

ETFS Short Crude Oil

JE00B24DK975

59.4093872

75000

ETFS Short Industrial Metals DJ-UBSCISM

JE00B24DKZ36

49.4791015

15000

ETFS Short Natural Gas

JE00B24DKH53

206.5332378

6500

Following the issue of ETFS Commodity Securities to which this Pricing Supplement applies, the following ETFS Commodity Securities will be in issue:

Class of Individual Securities or Category of Index Securities

Number

ETFS Leveraged Agriculture DJ-UBSCISM

776,327

ETFS Leveraged All Commodities DJ-UBSCISM

238,506

ETFS Leveraged Aluminium

354,769

ETFS Leveraged Cocoa

132,668

ETFS Leveraged Coffee

29,801

ETFS Leveraged Copper

1,139,496

ETFS Leveraged Corn

201,621

ETFS Leveraged Cotton

78,946

ETFS Leveraged Crude Oil

27,252,956

ETFS Leveraged Energy DJ-UBSCISM

318,593

ETFS Leveraged Ex-Energy DJ-UBSCISM

15,669

ETFS Leveraged Gasoline

63,077

ETFS Leveraged Gold

1,205,484

ETFS Leveraged Grains DJ-UBSCISM

182,139

ETFS Leveraged Heating Oil

53,889

ETFS Leveraged Industrial Metal DJ-UBSCISM

113,155

ETFS Leveraged Lead

286,574

ETFS Leveraged Lean Hogs

124,563

ETFS Leveraged Live Cattle

30,014

ETFS Leveraged Livestock DJ-UBSCISM

45,145

ETFS Leveraged Natural Gas

1,190,490,323

ETFS Leveraged Nickel

535,115

ETFS Leveraged Petroleum DJ-UBSCISM

138,928

ETFS Leveraged Platinum

508,623

ETFS Leveraged Precious Metals DJ-UBSCISM

109,029

ETFS Leveraged Silver

2,262,498

ETFS Leveraged Softs DJ-UBSCISM

18,228

ETFS Leveraged Soybean Oil

31,757

ETFS Leveraged Soybeans

92,843

ETFS Leveraged Sugar

98,564

ETFS Leveraged Tin

21,629

ETFS Leveraged Wheat

26,219,745

ETFS Leveraged Zinc

248,098

ETFS Short Agriculture DJ-UBSCISM

49,801

ETFS Short All Commodities DJ-UBSCISM

416,970

ETFS Short Aluminium

63,301

ETFS Short Cocoa

31,674

ETFS Short Coffee

146,453

ETFS Short Copper

3,323,890

ETFS Short Corn

70,835

ETFS Short Cotton

327,798

ETFS Short Crude Oil

972,054

ETFS Short Energy DJ-UBSCISM

24,113

ETFS Short Ex-Energy DJ-UBSCISM

5,540

ETFS Short Gasoline

29,779

ETFS Short Gold

1,949,658

ETFS Short Grains DJ-UBSCISM

20,106

ETFS Short Heating Oil

11,213

ETFS Short Industrial Metals DJ-UBSCISM

1,102,542

ETFS Short Lead

21,392

ETFS Short Lean Hogs

3,506

ETFS Short Live Cattle

15,711

ETFS Short Livestock DJ-UBSCISM

8,108

ETFS Short Natural Gas

18,160

ETFS Short Nickel

59,381

ETFS Short Petroleum DJ-UBSCISM

217,036

ETFS Short Platinum

44,915

ETFS Short Precious Metals DJ-UBSCISM

14,829

ETFS Short Silver

2,294,505

ETFS Short Softs DJ-UBSCISM

29,296

ETFS Short Soybean Oil

23,551

ETFS Short Soybeans

37,490

ETFS Short Sugar

749,458

ETFS Short Tin

52,945

ETFS Short Wheat

38,010

ETFS Short Zinc

98,441

In addition, the following Micro Securities will be in issue::

Class Micro Securities

Number

Forward Agriculture

1,000,000

Forward All commodities

1,000,000

Forward Aluminium

1,000,000

Forward Coffee

1,000,000

Forward Copper

1,000,000

Forward Corn

1,000,000

Forward Diversified

1,000,000

Forward Ex-Energy

1,000,000

Forward Gold

1,000,000

Forward Grains

1,000,000

Forward Industrial Metals

1,000,000

Forward Lean Hogs

1,000,000

Forward Live Cattle

1,000,000

Forward Livestock

1,000,000

Forward Natural Gas

1,000,000

Forward Nickel

1,000,000

Forward Oil

1,000,000

Forward Refined Products

1,000,000

Forward Silver

1,000,000

Forward Softs

1,000,000

Forward Soybean Oil

1,000,000

Forward Soybeans

1,000,000

Forward Sugar

1,000,000

Forward Wheat

1,000,000

Forward Zinc

1,000,000