Redemption of ETFS Commodity Securities

Dated 23 May 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 redemption of ETFS Commodity Securities

Multiple redemption 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 redemption 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 May 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 Agriculture DJ-UBSCISM

GB00B15KYH63

9.2671107

350000

ETFS All Commodities DJ-UBSCISM

GB00B15KY989

16.9181314

350000

ETFS Copper

GB00B15KXQ89

44.7066354

15000

ETFS Corn

GB00B15KXS04

2.2550100

200000

ETFS Gasoline

GB00B15KXW40

42.0821608

20000

ETFS Natural Gas

GB00B15KY104

0.2844739

5000000

ETFS Sugar

GB00B15KY658

20.5021911

30000

ETFS Wheat

GB00B15KY765

2.4434429

1250000

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 Agriculture DJ-UBSCISM

110,650,177

ETFS All Commodities DJ-UBSCISM

52,372,549

ETFS Aluminium

9,247,119

ETFS Cocoa

1,531,234

ETFS Coffee

5,577,124

ETFS Copper

3,854,878

ETFS Corn

30,318,260

ETFS Cotton

9,607,719

ETFS Crude Oil

13,100,858

ETFS Energy DJ-UBSCISM

18,669,947

ETFS Ex-Energy DJ-UBSCISM

1,783,726

ETFS Forward Agriculture DJ-UBSCI-F3SM

2,576,580

ETFS Forward All Commodities DJ-UBSCI-F3SM

1,232,904

ETFS Forward Crude Oil

161,628

ETFS Forward Energy DJ-UBSCI-F3SM

519,071

ETFS Forward Ex-Energy DJ-UBSCI-F3SM

104,966

ETFS Forward Grains DJ-UBSCI-F3SM

1,562,514

ETFS Forward Heating Oil

15,032

ETFS Forward Industrial Metals DJ-UBSCI-F3SM

1,416,733

ETFS Forward Lean Hogs

22,968

ETFS Forward Live Cattle

35,360

ETFS Forward Livestock DJ-UBSCI-F3SM

-3,530

ETFS Forward Natural Gas

1,765,994

ETFS Forward Petroleum DJ-UBSCI-F3SM

331,959

ETFS Forward Softs DJ-UBSCI-F3SM

394,026

ETFS Gasoline

501,040

ETFS Gold

7,611,801

ETFS Grains DJ-UBSCISM

8,315,310

ETFS Heating Oil

621,825

ETFS Industrial Metals DJ-UBSCISM

17,141,183

ETFS Lead

41,893

ETFS Lean Hogs

21,925,925

ETFS Live Cattle

1,617,417

ETFS Livestock DJ-UBSCISM

11,553,054

ETFS Natural Gas

1,862,624,228

ETFS Nickel

1,943,653

ETFS Petroleum DJ-UBSCISM

856,840

ETFS Platinum

43,198

ETFS Precious Metals DJ-UBSCISM

6,881,731

ETFS Silver

2,035,713

ETFS Softs DJ-UBSCISM

2,704,452

ETFS Soybean Oil

324,116

ETFS Soybeans

1,341,214

ETFS Sugar

1,756,611

ETFS Tin

30,006

ETFS Wheat

59,958,652

ETFS Zinc

4,775,725

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

Class Micro Securities

Number

Cocoa

1,000,000

Coffee

1,000,000

Copper

1,000,000

Corn

1,000,000

Cotton

1,000,000

Gold

1,000,000

Lead

1,000,000

Lean Hogs

1,000,000

Live Cattle

1,000,000

Natural Gas

1,000,000

Nickel

1,000,000

Oil

1,000,000

Platinum

1,000,000

Refined Products

1,000,000

Silver

1,000,000

Soybean Oil

1,000,000

Soybeans

1,000,000

Sugar

1,000,000

Tin

1,000,000

Wheat

1,000,000

Zinc

1,000,000

Forward Agriculture

1,000,000

Forward All commodities

1,000,000

Forward Diversified

1,000,000

Forward Ex-Energy

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 Oil

1,000,000

Forward Refined Products

1,000,000

Forward Softs

1,000,000