VANECK ETF TRUST

Ticker: GDX CUSIP: 92189F106 Class: GOLD MINERS ETF

PLATINUM INVESTMENT MANAGEMENT LTD's Holding History (CIK: 0001256071)

Note: Option positions (PUT/CALL) are excluded.

Q1 2017

Shares 3,308,500 Value ($000) $75,466 Avg Close — Range —

Q4 2016

Shares 3,157,900 Value ($000) $66,063 Avg Close — Range —

Q3 2016

Shares 2,305,400 Value ($000) $60,931 Avg Close — Range —

Q2 2016

Shares 3,673,200 Value ($000) $101,784 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	3,308,500	$75,466	—	—
Q4 2016	3,157,900	$66,063	—	—
Q3 2016	2,305,400	$60,931	—	—
Q2 2016	3,673,200	$101,784	—	—