ETFS Palladium Trust appointed Christopher Foulds as vice president, chief financial officer, treasurer and secretary of the sponsor, effective immediately and until such time as he resigns, his successor is appointed by the Manager or he otherwise is disqualified from serving as an officer of the Sponsor. In his capacity as chief financial officer and treasurer of the sponsor, Mr. Foulds will be the Sponsor's principal financial officer and principal accounting officer. Mr. Foulds replaces Thomas Quigley, who tendered a written resignation from his offices of vice president, chief financial officer, treasurer and secretary of the sponsor on September 12, 2012.