Issue Of ETFS S&L Securities

Dated 07 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:

08 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 Agriculture DJ-UBSCISM

JE00B2NFT427

21.8539300

1500

ETFS Leveraged Aluminium

JE00B2NFTC05

9.0855332

4300

ETFS Leveraged Cocoa

JE00B2NFV803

14.2916441

1250

ETFS Leveraged Natural Gas

JE00B2NFTQ41

0.1557341

26000000

ETFS Leveraged Nickel

JE00B2NFTR57

5.4245616

16250

ETFS Short Agriculture DJ-UBSCISM

JE00B24DL056

44.8602309

6030

ETFS Short Zinc

JE00B24DKS68

35.4923776

1780

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 Short Gold

1,987,158

ETFS Short Grains DJ-UBSCISM

12,106

ETFS Short Heating Oil

10,001

ETFS Short Industrial Metals DJ-UBSCISM

1,101,052

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

26,953

ETFS Short Nickel

31,381

ETFS Short Petroleum DJ-UBSCISM

6,794

ETFS Short Platinum

39,915

ETFS Short Precious Metals DJ-UBSCISM

12,329

ETFS Short Silver

2,138,505

ETFS Short Softs DJ-UBSCISM

29,296

ETFS Short Soybean Oil

16,051

ETFS Short Soybeans

37,490

ETFS Short Sugar

631,294

ETFS Short Tin

32,025

ETFS Short Wheat

42,010

ETFS Short Zinc

142,621

ETFS Leveraged Agriculture DJ-UBSCISM

772,327

ETFS Leveraged All Commodities DJ-UBSCISM

238,506

ETFS Leveraged Aluminium

384,570

ETFS Leveraged Cocoa

181,918

ETFS Leveraged Coffee

39,801

ETFS Leveraged Copper

1,109,496

ETFS Leveraged Corn

184,121

ETFS Leveraged Cotton

77,126

ETFS Leveraged Crude Oil

17,302,956

ETFS Leveraged Energy DJ-UBSCISM

298,593

ETFS Leveraged Ex-Energy DJ-UBSCISM

15,669

ETFS Leveraged Gasoline

46,372

ETFS Leveraged Gold

1,131,984

ETFS Leveraged Grains DJ-UBSCISM

192,139

ETFS Leveraged Heating Oil

68,889

ETFS Leveraged Industrial Metal DJ-UBSCISM

138,765

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

1,295,275,323

ETFS Leveraged Nickel

598,365

ETFS Leveraged Petroleum DJ-UBSCISM

103,928

ETFS Leveraged Platinum

545,123

ETFS Leveraged Precious Metals DJ-UBSCISM

107,029

ETFS Leveraged Silver

2,165,498

ETFS Leveraged Softs DJ-UBSCISM

18,228

ETFS Leveraged Soybean Oil

51,757

ETFS Leveraged Soybeans

74,843

ETFS Leveraged Sugar

92,575

ETFS Leveraged Tin

24,129

ETFS Leveraged Wheat

26,764,745

ETFS Leveraged Zinc

248,098

ETFS Short Agriculture DJ-UBSCISM

33,633

ETFS Short All Commodities DJ-UBSCISM

414,470

ETFS Short Aluminium

63,301

ETFS Short Cocoa

16,674

ETFS Short Coffee

137,453

ETFS Short Copper

3,749,240

ETFS Short Corn

86,916

ETFS Short Cotton

258,894

ETFS Short Crude Oil

1,142,054

ETFS Short Energy DJ-UBSCISM

21,706

ETFS Short Ex-Energy DJ-UBSCISM

5,540

ETFS Short Gasoline

41,779

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