Sprott Physical Platinum and Palladium Trust (the “Trust”) is launching a public offering of transferable, redeemable trust units with an aggregate offering price of up to US$250,000,000 (C$348,783,000). Each trust unit represents an equal, fractional, undivided ownership interest in the Trust’s net assets.

The offering is made under an amended and restated sales agreement dated December 6, 2024, as amended May 2, 2025, involving the Trust, its manager Sprott Asset Management LP, and a syndicate of agents. The U.S. Agents are Cantor Fitzgerald & Co., Virtu Americas LLC, Canaccord Genuity LLC, and BMO Capital Markets Corp. The Canadian Agents are Cantor Fitzgerald Canada Corporation, Virtu Canada Corp., Canaccord Genuity Corp., and BMO Nesbitt Burns Inc. These agents will distribute the trust units in their respective jurisdictions.

Legal matters for the Trust are handled by Stikeman Elliott LLP (Toronto) and Seward & Kissel LLP (New York). The Agents are represented by Borden Ladner Gervais LLP (Toronto) for Canadian legal matters and Cooley LLP (New York) for U.S. legal matters.