Report and Accounts to 31-12-2011 (Replacement)

Gold Bullion Securities Limited

12 March 2012

Report and Accounts

Report and accounts of Gold Bullion Securities Limited for the year ended 31 December 2011.

Copies of the above document have been submitted to the National Storage Mechanism (NSM) and will shortly be available for inspection at

http://www.hemscott.com/nsm.do

The document is available on the Company's website at

http://www.etfsecurities.com/en/updates/document_pdfs/ETFS_GBS_Financial_Statements_31_Dec_11.pdf

To view the full document, please paste the following URL into the address bar of your browser.http://www.rns-pdf.londonstockexchange.com/rns/1754Z_-2012-3-12.pdf

For further information, please contact

Laura Gilmour,

R&H Fund Services (UK) Limited

Tel: +44 (0) 870 703 0062

E-mail address:

[email protected]