Redemption of ETFS S&L Commodity Securities Ltd

Dated 19 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 redemption of ETFS Short and Leveraged 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 22 December 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:

20 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 Gold

JE00B2NFTL95

98.0289124

5000

ETFS Leveraged Petroleum DJ-UBSCISM

JE00B2NFT971

8.7545506

50000

ETFS Leveraged Silver

JE00B2NFTS64

49.7413880

5000

ETFS Leveraged WTI Crude Oil

JE00B2NFTJ73

4.8902400

100000

ETFS Short All Commodities DJ-UBSCISM

JE00B24DKT75

53.8619034

17000

ETFS Short Energy DJ-UBSCISM

JE00B24DKV97

90.4345729

12500

ETFS Short Natural Gas

JE00B24DKH53

352.5718742

1500

ETFS Short Silver

JE00B24DKK82

12.7720952

65000

ETFS Short WTI Crude Oil

JE00B24DK975

47.5623020

5000

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

530,327

ETFS Leveraged All Commodities DJ-UBSCISM

222,466

ETFS Leveraged Aluminium

361,570

ETFS Leveraged Cocoa

401,918

ETFS Leveraged Coffee

94,801

ETFS Leveraged Copper

888,721

ETFS Leveraged Corn

173,927

ETFS Leveraged Cotton

113,126

ETFS Leveraged WTI Crude Oil

15,364,942

ETFS Leveraged Energy DJ-UBSCISM

323,593

ETFS Leveraged Ex-Energy DJ-UBSCISM

15,669

ETFS Leveraged Gasoline

69,372

ETFS Leveraged Gold

1,202,828

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

128,113

ETFS Leveraged Live Cattle

35,014

ETFS Leveraged Livestock DJ-UBSCISM

36,272

ETFS Leveraged Natural Gas

2,526,725,494

ETFS Leveraged Nickel

510,224

ETFS Leveraged Petroleum DJ-UBSCISM

109,428

ETFS Leveraged Platinum

634,623

ETFS Leveraged Precious Metals DJ-UBSCISM

90,029

ETFS Leveraged Silver

2,465,498

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

46,329

ETFS Leveraged Wheat

24,036,745

ETFS Leveraged Zinc

223,098

ETFS Short Agriculture DJ-UBSCISM

36,283

ETFS Short All Commodities DJ-UBSCISM

255,463

ETFS Short Aluminium

63,301

ETFS Short Cocoa

30,174

ETFS Short Coffee

100,453

ETFS Short Copper

6,955,484

ETFS Short Corn

74,986

ETFS Short Cotton

214,494

ETFS Short WTI Crude Oil

982,778

ETFS Short Energy DJ-UBSCISM

12,501

ETFS Short Ex-Energy DJ-UBSCISM

5,540

ETFS Short Gasoline

50,779

ETFS Short Gold

2,271,680

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

60,415

ETFS Short Precious Metals DJ-UBSCISM

12,329

ETFS Short Silver

2,905,620

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

57,208

ETFS Short Zinc

83,071

ETFS Short Brent Crude Oil

2,000

ETFS Leveraged Brent Crude Oil

2,000

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