Company: SPPP
Filing Date: 2025-06-12
Form Type: F-10EF
Source: 0001999371-25-007710
Chunk: 8

Company: SPROTT PHYSICAL PLATINUM & PALLADIUM TRUST
Filing Date: 2025-06-12
Form: F-10EF
Chunk 8
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es. The making of a modifying or superseding statement shall not be deemed an admission for
any purposes that the modified or superseded statement, when made, constituted a misrepresentation, an untrue statement of a material
fact or an omission to state a material fact that is required to be stated or that is necessary to make a statement not misleading
in light of the circumstances in which it was made. Any statement so modified or superseded shall not be deemed, except as so modified
or superseded, to constitute a part of this prospectus.

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ADDITIONAL
INFORMATION</div>

The Trust intends to file with the SEC
a registration statement on Form F-10 of which this prospectus will form a part. This prospectus does not contain all the information
set out in the registration statement. For further information about the Trust and the trust units, please refer to the registration
statement, including the exhibits to the registration statement.

The Trust is subject to the information
requirements of the Exchange Act and applicable Canadian securities legislation, and in accordance therewith, the Trust files or
furnishes reports and other information with or to the SEC and with the securities regulatory authorities of each of the provinces
and territories of Canada. Under the MJDS, the Trust may generally prepare these reports and other information in accordance with
the disclosure requirements of Canada. These requirements are different from those of the United States. As a foreign private issuer,
the Trust is exempt from the rules under the Exchange Act prescribing the furnishing and content of proxy statements, and officers,
directors and principal unitholders of the Trust are exempt from the reporting and short-swing profit recovery provisions contained
in Section 16 of the Exchange Act. In addition, the Trust is not required to publish financial statements as promptly as United
States companies.

The reports and other information that
the Trust files with, or furnishes to, the SEC may be accessed electronically through the SEC’s Electronic Document Gathering
and Retrieval System at www.sec.gov. Copies of reports, statements and other information that the Trust files with the Canadian
provincial and territorial securities regulatory authorities are electronically available from the Canadian System for Electronic
Document Analysis and Retrieval at www.sedarplus.ca.

<div align='center'>ENFORCEABILITY
OF CIVIL LIABILITIES</div>

Each of the Trust, the Manager and the
GP is organized under the laws of the Province of Ontario, Canada, and the Trustee is organized under