Redemption of ETFS S&L Commodity Security

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 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 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 Leveraged Crude Oil

JE00B2NFTJ73

5.1209871

100000

ETFS Leveraged Wheat

JE00B2NFTX18

4.7496269

1500000

ETFS Short Wheat

JE00B24DKR51

58.7762547

23000

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

592,777

ETFS Leveraged All Commodities DJ-UBSCISM

282,406

ETFS Leveraged Aluminium

287,769

ETFS Leveraged Cocoa

173,668

ETFS Leveraged Coffee

41,801

ETFS Leveraged Copper

1,161,345

ETFS Leveraged Corn

350,261

ETFS Leveraged Cotton

50,217

ETFS Leveraged Crude Oil

17,044,956

ETFS Leveraged Energy DJ-UBSCISM

288,593

ETFS Leveraged Ex-Energy DJ-UBSCISM

28,169

ETFS Leveraged Gasoline

92,077

ETFS Leveraged Gold

1,023,027

ETFS Leveraged Grains DJ-UBSCISM

260,639

ETFS Leveraged Heating Oil

93,889

ETFS Leveraged Industrial Metal DJ-UBSCISM

127,605

ETFS Leveraged Lead

304,574

ETFS Leveraged Lean Hogs

130,563

ETFS Leveraged Live Cattle

43314

ETFS Leveraged Livestock DJ-UBSCISM

32,495

ETFS Leveraged Natural Gas

1,073,775,323

ETFS Leveraged Nickel

320,867

ETFS Leveraged Petroleum DJ-UBSCISM

179,928

ETFS Leveraged Platinum

547,623

ETFS Leveraged Precious Metals DJ-UBSCISM

117,908

ETFS Leveraged Silver

1,730.598

ETFS Leveraged Softs DJ-UBSCISM

28,728

ETFS Leveraged Soybean Oil

48,457

ETFS Leveraged Soybeans

117,343

ETFS Leveraged Sugar

215,864

ETFS Leveraged Tin

21,129

ETFS Leveraged Wheat

10,678,745

ETFS Leveraged Zinc

261,338

ETFS Physical Copper

0

ETFS Physical Nickel

0

ETFS Physical Tin

0

ETFS Short Agriculture DJ-UBSCISM

79,601

ETFS Short All Commodities DJ-UBSCISM

63,500

ETFS Short Aluminium

69,801

ETFS Short Cocoa

56,674

ETFS Short Coffee

250,483

ETFS Short Copper

3,927,379

ETFS Short Corn

130,087

ETFS Short Cotton

1,824,163

ETFS Short Crude Oil

904,205

ETFS Short Energy DJ-UBSCISM

41,355

ETFS Short Ex-Energy DJ-UBSCISM

20,540

ETFS Short Gasoline

20,279

ETFS Short Gold

1,719,624

ETFS Short Grains DJ-UBSCISM

20,606

ETFS Short Heating Oil

17,213

ETFS Short Industrial Metals DJ-UBSCISM

809,842

ETFS Short Lead

10,892

ETFS Short Lean Hogs

8,006

ETFS Short Live Cattle

18,211

ETFS Short Livestock DJ-UBSCISM

19,106

ETFS Short Natural Gas

52,219

ETFS Short Nickel

815,394

ETFS Short Petroleum DJ-UBSCISM

17,536

ETFS Short Platinum

35,415

ETFS Short Precious Metals DJ-UBSCISM

39,329

ETFS Short Silver

3,450,743

ETFS Short Softs DJ-UBSCISM

32,495

ETFS Short Soybean Oil

355,051

ETFS Short Soybeans

60,940

ETFS Short Sugar

760,500

ETFS Short Tin

23,945

ETFS Short Wheat

169,910

ETFS Short Zinc

135,441

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 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