ETPMPD

ETFS Physical Palladium (ETPMPD) is designed to offer investors a simple, cost-efficient and secure way to access palladium by providing a return equivalent to the movements in the palladium spot price less the applicable management fee.

ETPMPD is backed by physically allocated palladium held by JPMorgan Chase Bank, N.A. (the custodian). Only metals that conform with the London Platinum and Palladium Association's (LPPM) rules for Good Delivery can be accepted by the custodian. Each physical bar is segregated, individually identified and allocated.

ETPMPD is an Exchange Traded Commodity ("ETC") that can be created and redeemed on demand (by market makers). It trades on the ASX just like an equity, is settled and held in ordinary brokerage accounts, and its pricing and tracking operates similarly to an Exchange Traded Fund. No new securities can be issued until the bullion is delivered to the Custodian's vault. There is no credit risk within this product.