Company: SPPP
Filing Date: 2025-06-12
Form Type: F-10EF
Source: 0001999371-25-007710
Chunk: 35

Company: SPROTT PHYSICAL PLATINUM & PALLADIUM TRUST
Filing Date: 2025-06-12
Form: F-10EF
Chunk 35
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 13.37 | 14,333 |
| March 2025      |      9.94 |    9.34 |  55,542 |    9.77 |    9.35 |  2,900 |  14.30 |   13.55 | 16,096 |
| April 2025      |      9.94 |    8.92 |  85,459 |    9.77 |    9.24 |    905 |  14.29 |   12.68 | 24,476 |
| May 2025        |     10.45 |    9.38 |  64,491 |   10.40 |    9.42 |  1,019 |  14.45 |   12.95 | 21,233 |
| June 1-10, 2025 |     11.45 |   10.23 |  248,56 |   11.36 |   10.12 |    217 |  15.66 |   14.00 | 76,873 |

<div align='center'>PLAN OF
DISTRIBUTION</div>

The Trust may sell the trust units to or
through underwriters or dealers purchasing as principals to one or more purchasers directly, or through agents designated from
time to time by the Manager on behalf of the Trust. Subject to the provisions of the Trust Agreement pursuant to which the Trust
is governed, the trust units may be sold at fixed prices or non-fixed prices, such as prices determined by reference to the prevailing
market price of the trust units at the time of sale or at prices to be negotiated with purchasers, which prices may vary between
purchasers and during the period of distribution of the trust units. The prospectus supplement for any of the trust units being
offered thereby will set forth the terms of the offering of such trust units, including the name or names of underwriters, dealers
or agents, any underwriting discounts and other items constituting underwriters’ compensation, any public offering price
(or the manner of determination thereof if offered on a non-fixed price basis, including sales in transactions that are deemed
to be “at-the-market” distributions as defined in NI 44-102) and any discounts or concessions allowed or paid to dealers
or agents. Only underwriters so named in the relevant prospect