Issue Of ETFS S&L Securities

Dated 15 Dec 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:

16 Dec 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 Cocoa

JE00B2NFV803

14.3621720

20000

ETFS Leveraged Copper

JE00B2NFTF36

15.7311450

25000

ETFS Leveraged Crude Oil

JE00B2NFTJ73

4.1313130

25000

ETFS Leveraged Gasoline

JE00B2NFTK88

15.8356023

12500

ETFS Leveraged Gold

JE00B2NFTL95

91.2811011

45000

ETFS Leveraged Silver

JE00B2NFTS64

40.5772391

100000

ETFS Leveraged Silver

JE00B2NFTS64

47.6786640

20000

ETFS Leveraged Wheat

JE00B2NFTX18

1.7752250

65000

ETFS Short All Commodities DJ-UBSCISM

JE00B24DKT75

57.8964637

25000

ETFS Short Silver

JE00B24DKK82

14.9682910

325000

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

772,327

ETFS Leveraged All Commodities DJ-UBSCISM

235,466

ETFS Leveraged Aluminium

384,570

ETFS Leveraged Cocoa

241,918

ETFS Leveraged Coffee

39,801

ETFS Leveraged Copper

1,179,946

ETFS Leveraged Corn

184,121

ETFS Leveraged Cotton

68,126

ETFS Leveraged Crude Oil

16,808,442

ETFS Leveraged Energy DJ-UBSCISM

363,593

ETFS Leveraged Ex-Energy DJ-UBSCISM

15,669

ETFS Leveraged Gasoline

58,872

ETFS Leveraged Gold

1,162,484

ETFS Leveraged Grains DJ-UBSCISM

168,139

ETFS Leveraged Heating Oil

68,889

ETFS Leveraged Industrial Metal DJ-UBSCISM

126,765

ETFS Leveraged Lead

301,574

ETFS Leveraged Lean Hogs

114,113

ETFS Leveraged Live Cattle

30,014

ETFS Leveraged Livestock DJ-UBSCISM

36,272

ETFS Leveraged Natural Gas

1,341,275,323

ETFS Leveraged Nickel

623,365

ETFS Leveraged Petroleum DJ-UBSCISM

103,928

ETFS Leveraged Platinum

530,123

ETFS Leveraged Precious Metals DJ-UBSCISM

111,029

ETFS Leveraged Silver

2,337,998

ETFS Leveraged Softs DJ-UBSCISM

18,228

ETFS Leveraged Soybean Oil

81,757

ETFS Leveraged Soybeans

74,843

ETFS Leveraged Sugar

92,575

ETFS Leveraged Tin

24,129

ETFS Leveraged Wheat

27,109,745

ETFS Leveraged Zinc

248,098

ETFS Short Agriculture DJ-UBSCISM

25,633

ETFS Short All Commodities DJ-UBSCISM

423,763

ETFS Short Aluminium

63,301

ETFS Short Cocoa

42,674

ETFS Short Coffee

137,453

ETFS Short Copper

3,867,240

ETFS Short Corn

91,916

ETFS Short Cotton

263,494

ETFS Short Crude Oil

1,088,628

ETFS Short Energy DJ-UBSCISM

21,706

ETFS Short Ex-Energy DJ-UBSCISM

5,540

ETFS Short Gasoline

41,779

ETFS Short Gold

1,979,658

ETFS Short Grains DJ-UBSCISM

12,106

ETFS Short Heating Oil

2,001

ETFS Short Industrial Metals DJ-UBSCISM

1,065,422

ETFS Short Lead

21,392

ETFS Short Lean Hogs

3,157

ETFS Short Live Cattle

16,981

ETFS Short Livestock DJ-UBSCISM

12,608

ETFS Short Natural Gas

16,953

ETFS Short Nickel

26,379

ETFS Short Petroleum DJ-UBSCISM

6,794

ETFS Short Platinum

39,915

ETFS Short Precious Metals DJ-UBSCISM

27,329

ETFS Short Silver

2,525,620

ETFS Short Softs DJ-UBSCISM

29,296

ETFS Short Soybean Oil

16,051

ETFS Short Soybeans

37,490

ETFS Short Sugar

604,794

ETFS Short Tin

32,025

ETFS Short Wheat

39,665

ETFS Short Zinc

142,621

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