Redemption Of S&L Securities

Dated 10 Nov 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:

14 Nov 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 Corn

JE00B2NFTG43

17.2808948

12500

ETFS Leveraged Crude Oil

JE00B2NFTJ73

4.2322325

820000

ETFS Leveraged Crude Oil

JE00B2NFTJ73

4.3270985

200000

ETFS Leveraged Gold

JE00B2NFTL95

117.7498551

10000

ETFS Leveraged Natural Gas

JE00B2NFTQ41

0.1817607

5000000

ETFS Leveraged Silver

JE00B2NFTS64

59.1059405

30000

ETFS Leveraged Wheat

JE00B2NFTX18

2.2035382

450000

ETFS Leveraged Wheat

JE00B2NFTX18

2.3096652

200000

ETFS Short Copper

JE00B24DK645

31.1513220

19150

ETFS Short Copper

JE00B24DK645

31.9588667

150000

ETFS Short Crude Oil

JE00B24DK975

53.1868936

70000

ETFS Short Energy DJ-UBSCISM

JE00B24DKV97

85.5255424

3000

ETFS Short Natural Gas

JE00B24DKH53

217.1857596

3000

ETFS Short Petroleum DJ-UBSCISM

JE00B24DKW05

45.1997258

100000

ETFS Short Petroleum DJ-UBSCISM

JE00B24DKW05

45.7383603

25000

ETFS Short Silver

JE00B24DKK82

12.9201999

20000

ETFS Short Soybean Oil

JE00B24DKL99

51.7381150

7500

ETFS Short Wheat

JE00B24DKR51

75.5633962

4000

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

780,827

ETFS Leveraged All Commodities DJ-UBSCISM

238,506

ETFS Leveraged Aluminium

394,769

ETFS Leveraged Cocoa

152,668

ETFS Leveraged Coffee

34,801

ETFS Leveraged Copper

1,054,496

ETFS Leveraged Corn

196,621

ETFS Leveraged Cotton

77,126

ETFS Leveraged Crude Oil

21,607,956

ETFS Leveraged Energy DJ-UBSCISM

298,593

ETFS Leveraged Ex-Energy DJ-UBSCISM

15,669

ETFS Leveraged Gasoline

73,077

ETFS Leveraged Gold

1,160,484

ETFS Leveraged Grains DJ-UBSCISM

192,139

ETFS Leveraged Heating Oil

46,389

ETFS Leveraged Industrial Metal DJ-UBSCISM

123,765

ETFS Leveraged Lead

301,574

ETFS Leveraged Lean Hogs

114,113

ETFS Leveraged Live Cattle

30,014

ETFS Leveraged Livestock DJ-UBSCISM

45,145

ETFS Leveraged Natural Gas

1,247,475,323

ETFS Leveraged Nickel

535,115

ETFS Leveraged Petroleum DJ-UBSCISM

168,928

ETFS Leveraged Platinum

507,623

ETFS Leveraged Precious Metals DJ-UBSCISM

100,029

ETFS Leveraged Silver

2,222,998

ETFS Leveraged Softs DJ-UBSCISM

18,228

ETFS Leveraged Soybean Oil

31,757

ETFS Leveraged Soybeans

92,843

ETFS Leveraged Sugar

98,564

ETFS Leveraged Tin

24,129

ETFS Leveraged Wheat

26,214,745

ETFS Leveraged Zinc

248,098

ETFS Short Agriculture DJ-UBSCISM

44,801

ETFS Short All Commodities DJ-UBSCISM

704,470

ETFS Short Aluminium

63,301

ETFS Short Cocoa

44,674

ETFS Short Coffee

146,453

ETFS Short Copper

3,686,390

ETFS Short Corn

86,555

ETFS Short Cotton

297,798

ETFS Short Crude Oil

1,177,054

ETFS Short Energy DJ-UBSCISM

36,706

ETFS Short Ex-Energy DJ-UBSCISM

5,540

ETFS Short Gasoline

36,779

ETFS Short Gold

1,969,658

ETFS Short Grains DJ-UBSCISM

20,106

ETFS Short Heating Oil

11,213

ETFS Short Industrial Metals DJ-UBSCISM

1,096,052

ETFS Short Lead

21,392

ETFS Short Lean Hogs

3,506

ETFS Short Live Cattle

15,711

ETFS Short Livestock DJ-UBSCISM

3,108

ETFS Short Natural Gas

29,653

ETFS Short Nickel

59,381

ETFS Short Petroleum DJ-UBSCISM

142,036

ETFS Short Platinum

24,915

ETFS Short Precious Metals DJ-UBSCISM

14,829

ETFS Short Silver

2,479,505

ETFS Short Softs DJ-UBSCISM

29,296

ETFS Short Soybean Oil

23,551

ETFS Short Soybeans

37,490

ETFS Short Sugar

1,271,589

ETFS Short Tin

52,945

ETFS Short Wheat

46,010

ETFS Short Zinc

80,441

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 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