OILB.L Regulatory News (OILB)

FORM OF PRICING SUPPLEMENT

PRICING SUPPLEMENT

Dated 05 January 2012

ETFS Oil Securities Limited

(Incorporated and registered in Jersey underthe Companies (Jersey) Law 1991 (as amended) with registered number 88371)

Programme for the Redemption of Oil Securities

Redemption of

85,000 Oil BRENT 1 Month Oil Securities

This Pricing Supplement (as referred to in the prospectus (the "Prospectus") dated 15th September 2011 in relation to the above Programme) relates to the redemption of the Oil Securities referred to above. The Oil Securities have the terms provided for in the Trust Instrument dated 13 July 2005 (as amended) between the Company and The Law Debenture Trust Corporation p.l.c. as Trustee constituting the Oil Securities. Terms used in this Pricing Supplement bear the same meaning as in the Prospectus. The particulars in relation to this issue of Oil Securities are as follows:

Issuer: ETFS Oil Securities Limited

ISIN GB00B0CTWC01

Issue Date: 06 January 2012

Class: ETFS BRENT OIL 1mth

Oil Major Company: Shell Trading Switzerland A.G

Near Entitlement: 0.4584343

Next Entitlement: 0.1152251

Near Contract Price: US$112.13

Next Contract Price: US$111.53

Multiplier: 0.9897625

Creation Price: US$63.5974799

Aggregate Number of Oil 85,000

Securities to which this PricingSupplement applies:

Following the issue of Oil Securities to which this Pricing Supplement applies, Oil Securities will be in issue corresponding to the following outstanding Oil Contracts with the following Oil Major Companies:

Carbon 103,505

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