Fund Description: GraniteShares Platinum Trust was formed in 2018 when an initial deposit of Platinum was made in exchange for the issuance of two Baskets. The purpose of the Trust is to own Platinum transferred to the Trust in exchange for Shares issued by the Trust. The Trust is not registered as an investment company and is not a commodity pool. <p> INVESTMENT OBJECTIVE: GraniteShares Platinum Trust (the Trust) will issue GraniteShares Platinum Shares (Shares) which represent units of fractional undivided beneficial interest in the net assets of the Trust. The Trust will seek to reflect generally the performance of the price of Platinum. The Trust will seek to reflect such performance before payment of the Trust’s expenses and liabilities. The Trust creates and redeems Shares on a continuous basis but only in Baskets of 15,000 Shares. The Basket Amount necessary for the creation of a Basket changes from day to day. The initial Basket Amount at the time of creation of the Trust was 1,500 Ounces of Platinum. On each day that the Exchange is open for regular trading, the Trustee adjusts the quantity of Platinum constituting the Basket Amount as appropriate to reflect sales of Platinum, any loss of Platinum that may occur, and accrued expenses. The computation is made by the Trustee as promptly as practicable after 4:00 p.m. EST. The Shares are backed primarily by allocated physical Platinum bullion identified as the Trust’s property in the Custodian’s books. The Trust arrangements contemplate that no Shares can be issued unless the corresponding amount of Platinum has been deposited into the Trust. Once deposited into the Trust, Platinum is only removed from the Trust if sold to pay Trust expenses or surrendered for redemption. <p> TRUST MANAGEMENT: GraniteShares LLC is the sponsor of the Trust. The Bank of New York Mellon is the Trustee of the Trust and is responsible for the day-to-day administration of the Trust. ICBC Standard Bank Plc is the custodian of the Trust and is responsible for holding the Trust’s allocated Platinum at its London vault premises.