Company: SPPP
Filing Date: 2025-03-20
Form Type: 40-F
Source: 0001999371-25-002919
Chunk: 4

Company: SPROTT PHYSICAL PLATINUM & PALLADIUM TRUST
Filing Date: 2025-03-20
Form: 40-F
Chunk 4
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(1)      |     |            $ | 133,387 |     |            $ |  95,280 |
| Audit-related Fees |     |              |       — |     |              |       — |
| Tax Fees(2)        |     |              |   9,388 |     |              |   9,527 |
| All Other Fees     |     |              |       — |     |              |       — |
| Total(3)           |     |            $ | 142,775 |     |            $ | 104,807 |

NOTES:

| (1) | Consist of fees                                                                                                                  
 related to statutory audits, related audit work in connection with registration statements, prospectus filings and other filings 
 with various regulatory authorities, quarterly reviews of interim financial statements, and French translation.                  |

| (2) | Consist of fees for tax consultation and compliance 
 services, including indirect taxes.                 |

| (3) | Fees                                                                                                                  
 paid in Canadian dollars have been converted to U.S. dollars based on the average foreign exchange rate for the year. |

<div align='center'>OFF-BALANCE SHEET ARRANGEMENTS</div>

The Registrant has no off-balance sheet arrangements as defined by Form 40-F under the Securities Exchange Act of 1934, as amended.

<div align='center'>TABULAR DISCLOSURE OF CONTRACTUAL OBLIGATIONS</div>

The Registrant has no long-term contractual obligations to be disclosed pursuant to General Instruction B.12 of Form 40-F.

<div align='center'>IDENTIFICATION OF THE AUDIT COMMITTEE</div>

Pursuant to the provisions of Rule 10A-3 of the Securities Exchange Act of 1934, as amended, and Rule 5.3 of NYSE Arca, the Registrant is not required to have, and does not have, an audit committee.

<div align='center'>FORWARD-LOOKING STATEMENTS</div>

A number of statements in the documents incorporated by reference in this Form 40-F constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the Registrant’s or its management’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions