Business Description

2 Trust Objective 2 Overview of the Platinum Industry 3 Operation of the Platinum Markets 5 Secondary Market Trading 8 Valuation of Platinum and Computation of Net Asset Value 8 Trust Expense 9 Creation and Redemption of Shares 9 Creation and Redemption Transaction Fee 13 The Sponsor 13 The Trustee 13 The Custodian 14 Inspection of Platinum 14 Description of the Shares 15 Custody of the Trust’s Platinum 16 United States Federal Income Tax Consequences 16 ERISA and Related Considerations 18