Leverage Shares plc

10 November 2023

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF THE HOLDERS OF THE ETP SECURITIES. IF ANY ETP SECURITYHOLDER IS IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD CONSULT THEIR OWN INDEPENDENT PROFESSIONAL ADVISERS IMMEDIATELY

If you have recently sold or otherwise transferred your entire holding(s) of ETP Securities referred to below, you should immediately forward this notice to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.

Notice to ETP Securityholders of the following series of ETP Securities issued by Leverage Shares plc (the "Issuer")

Leverage Shares 3x Plug Power ETP Securities (ISIN: XS2675718212 )
(the "Relevant Series")

NOTICE OF INTRADAY REBALANCE AND ISSUER CALL REDEMPTION

Capitalised terms used, but not defined, in this notice shall have the meaning given thereto in the Amended and Restated Master Definitions Schedule dated 18 October 2023 in relation to the Issuer's collateralised exchange traded securities programme.

The Issuer hereby gives notice of the following:

1. At 09:30:00 ET on 10 November 2023 (the "Trigger Time"), the price of Plug Power Inc., the Reference Asset for the Relevant Series reached a trading price of US$3.70 on exchange (the "Trigger Value"), representing a drop of -37.60% from its previous closing price of US$ 5.93, thereby crossing the 16.67% as set out in the index methodology for the iSTOXX Leveraged 3x PLUG Index.

The event triggered an intraday rebalance of the Index, which in turn triggered an intraday rebalance of the ETP Securities of the Relevant Series as provided for in the Base Prospectus of the Issuer.

The Issuer carried out an intraday rebalance following the Trigger Time, selling all the shares in the Reference Asset and achieving an average price of $3.866 and setting an ETP Security Value below $0.0.

2. In accordance with Condition 8.6 of the Terms and Conditions of the ETP Securities of the Relevant Series, the Issuer hereby gives notice of redemption (the "Issuer Call Redemption Notice") of all the outstanding ETP Securities of the Relevant Series effective on 16 November 2023 (the "Mandatory Redemption Date"). The Mandatory Redemption Amount payable per ETP Security will be $0.

If you have any queries arising from this notice, please contact us at info@leverageshares.com.

Yours sincerely

The Directors

Leverage Shares plc