Company: SPPP
Filing Date: 2025-06-12
Form Type: F-10EF
Source: 0001999371-25-007710
Chunk: 33

Company: SPROTT PHYSICAL PLATINUM & PALLADIUM TRUST
Filing Date: 2025-06-12
Form: F-10EF
Chunk 33
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 per trust unit to be received by the Trust are not less than 100% of the most recently calculated NAV per
trust unit immediately prior to, or upon, the determination of the pricing of such issuance or (ii) by way of trust unit distribution
in connection with an income distribution.

<div align='center'>-16

PRIOR SALES</div>

The following table summarizes the trust
units that have been issued from treasury during the 12-month period before the date of this prospectus, all of which have been
issued pursuant to the sales agreement.

| Date               | Price Per Trust Unit (U.S.$) | Number of Trust Units Issued |
| June 12, 2024      |                       9.4783 |                       85,000 |
| June 12, 2024      |                       9.5108 |                       32,800 |
| June 14, 2024      |                       9.3644 |                       13,537 |
| June 14, 2024      |                      12.8917 |                       16,300 |
| June 17, 2024      |                       9.4279 |                       50,142 |
| June 20, 2024      |                       9.5889 |                       50,000 |
| June 20, 2024      |                       9.6199 |                       89,800 |
| June 21, 2024      |                       9.8263 |                       97,000 |
| June 21, 2024      |                       9.8389 |                      247,300 |
| June 24, 2024      |                       9.8915 |                       26,600 |
| June 28, 2024      |                       9.8624 |                        7,500 |
| June 28, 2024      |                       9.8324 |                       18,303 |
| July 2, 2024       |                       9.9821 |                       47,616 |
| July 3, 2024       |                      10.2081 |                       13,100 |
| July 23, 2024      |                       9.4305 |                       39,000 |
| July 24, 2024      |                       9.5439 |                       19,400 |
| July 29, 2024