Leverage Shares plc

18 June 2025

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 document 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 Series of ETP Securities listed in the Schedule hereto (each a "Series" and together, the "Relevant Series")

The Issuer hereby gives notice of certain upcoming modifications to the Investment Strategies of the Relevant Series, as further detailed below.

The current objective of each of the Relevant Series is to provide the Leveraged Exposure or Short Exposure, as determined by the applicable Leverage Factor, to the applicable index (the "Relevant Index"), as set out in the relevant Investment Strategy. The Reference Assets of the Relevant Investment Strategy is the components of the Relevant Index (the "Original Reference Assets").

For the Series which provide for a Leveraged Exposure, leverage is achieved by borrowing from the Margin Loan Provider. For the Series which provide for a Short Exposure, the Issuer will take a short position by borrowing the components of the Relevant Index of the Series from the Margin Loan Provider.

Each Relevant Investment Strategy be amended to provide that Leveraged or Short Exposure to the Relevant Index may be achieved, by investing, at the discretion of the Portfolio Administrator, in any one or combination of the following:

·    the Original Reference Assets (including American Depositary Receipts/ American Depositary Shares/Global Depositary Shares that represent equity security component assets of the Relevant Indices);

·    futures contracts on the Relevant Indices of futures contracts on the components of the Relevant Indices listed on the following exchanges or any subsidiary of such exchange: Chicago Mercantile Exchange Inc. (CME), Intercontinental Exchange Inc. (ICE), Euronext Milan or Korea Exchange (the "Futures Exchanges");

·    options contracts on the Relevant Indices or options contracts on the components of the Relevant Indies listed on the Futures Exchanges; and

·    any of the exchange traded funds listed in the table below

The way in which the Issuer will achieve leverage will be amended. For Series which provide for a Leveraged Exposure, it is proposed that leverage will be achieved by borrowing from the Margin Loan Provider and and/or entering into futures contracts or options contracts highly correlated with the Relevant Index or futures or options contracts highly correlated with the components of the Relevant Index listed on the Futures Exchanges.

For Series which provide for a Short Exposure, the Issuer will take a short position by borrowing the components of the Relevant Indices or ETFs listed in the table above and/or entering into short positions in futures or options contracts highly correlated with the Relevant Index and/or futures or options contracts highly correlated with the components of the Relevant Index listed on the Futures Exchanges.

The changes set out above are collectively referred to herein as the "Modifications".

The Modifications fall within the definition of an "Investment Strategy Modification" as defined in the Conditions. The Issuer is permitted to make the Modifications without the consent of the Trustee or the ETP Securityholders  of the Relevant Series pursuant to Condition 14.2(B).

The Modifications shall be effective as at 23 June 2025.

Capitalised terms used, but not defined, in this notice shall have the meaning given thereto in the Master Definitions Schedule in relation to the Programme dated 17 July 2024.

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

Yours sincerely

The Directors

Leverage Shares plc

Schedule