Issue of ETFS S&L Commodity Securities Ltd

Dated 26 Mar 2012

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 22 December 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:

27 Mar 2012

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 Coffee

JE00B2NFTD12

22.5303508

7000

ETFS Leveraged Crude Oil

JE00B2NFTJ73

4.8535842

125000

ETFS Leveraged Silver

JE00B2NFTS64

48.1959731

45000

ETFS Leveraged Wheat

JE00B2NFTX18

1.9988771

80000

ETFS Short Crude Oil

JE00B24DK975

46.9258120

15000

ETFS Short Gold

JE00B24DKC09

22.7679320

20000

ETFS Short Wheat

JE00B24DKR51

75.2350439

4000

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

518,327

ETFS Leveraged All Commodities DJ-UBSCISM

222,466

ETFS Leveraged Aluminium

361,570

ETFS Leveraged Cocoa

401,918

ETFS Leveraged Coffee

136,801

ETFS Leveraged Copper

858,721

ETFS Leveraged Corn

173,927

ETFS Leveraged Cotton

118,126

ETFS Leveraged Crude Oil

15,039,942

ETFS Leveraged Energy DJ-UBSCISM

323,593

ETFS Leveraged Ex-Energy DJ-UBSCISM

15,669

ETFS Leveraged Gasoline

94,372

ETFS Leveraged Gold

1,197,828

ETFS Leveraged Grains DJ-UBSCISM

119,419

ETFS Leveraged Heating Oil

68,889

ETFS Leveraged Industrial Metal DJ-UBSCISM

132,575

ETFS Leveraged Lead

281,574

ETFS Leveraged Lean Hogs

118,113

ETFS Leveraged Live Cattle

35,014

ETFS Leveraged Livestock DJ-UBSCISM

36,272

ETFS Leveraged Natural Gas

2,526,725,494

ETFS Leveraged Nickel

555,224

ETFS Leveraged Petroleum DJ-UBSCISM

119,428

ETFS Leveraged Platinum

634,623

ETFS Leveraged Precious Metals DJ-UBSCISM

90,029

ETFS Leveraged Silver

2,712,498

ETFS Leveraged Softs DJ-UBSCISM

18,228

ETFS Leveraged Soybean Oil

163,747

ETFS Leveraged Soybeans

61,843

ETFS Leveraged Sugar

102,075

ETFS Leveraged Tin

50,329

ETFS Leveraged Wheat

24,456,745

ETFS Leveraged Zinc

223,098

ETFS Short Agriculture DJ-UBSCISM

24,283

ETFS Short All Commodities DJ-UBSCISM

365,463

ETFS Short Aluminium

63,301

ETFS Short Cocoa

40,174

ETFS Short Coffee

82,453

ETFS Short Copper

7,230,484

ETFS Short Corn

74,986

ETFS Short Cotton

194,494

ETFS Short Crude Oil

1,047,778

ETFS Short Energy DJ-UBSCISM

45,001

ETFS Short Ex-Energy DJ-UBSCISM

5,540

ETFS Short Gasoline

20,779

ETFS Short Gold

2,256,680

ETFS Short Grains DJ-UBSCISM

12,106

ETFS Short Heating Oil

12,001

ETFS Short Industrial Metals DJ-UBSCISM

846,422

ETFS Short Lead

14,392

ETFS Short Lean Hogs

9,657

ETFS Short Live Cattle

19,481

ETFS Short Livestock DJ-UBSCISM

7,608

ETFS Short Natural Gas

17,761

ETFS Short Nickel

33,879

ETFS Short Petroleum DJ-UBSCISM

8,794

ETFS Short Platinum

70,415

ETFS Short Precious Metals DJ-UBSCISM

12,329

ETFS Short Silver

2,930,620

ETFS Short Softs DJ-UBSCISM

14,296

ETFS Short Soybean Oil

11,263

ETFS Short Soybeans

33,490

ETFS Short Sugar

1,022,894

ETFS Short Tin

33,625

ETFS Short Wheat

67,708

ETFS Short Zinc

83,071

ETFS Short Brent Crude

2,000

ETFS Leveraged Brent Crude

4,200

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

Class Micro Securities

Number

Brent Crude Micro

1,000,000

Forward Agriculture

1,000,000

Forward All commodities

1,000,000

Forward Aluminium

1,000,000

Forward Brent Crude Micro

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