Annual Financial Report

July 19, 2023

CoinShares Digital Securities Limited

LEI: 549300DR7967WVLR3P83 

CoinShares Digital Securities Limited Publishes Updated 2022 Audited Annual Financial Report for the Year Ended December 31, 2022

Jersey - July 19, 2023 - The board of CoinShares Digital Securities Limited (the "Issuer") announces the publication of its updated audited financial report for the financial year ending December 31, 2022. This version cancels and replaces the previous publication from April 28, 2023.

The updated audited financial report includes an amendment to the Directors' Reports (pages 2-7) to bring the Directors' Report in line with the AMF General Regulation and the Commercial Code. The following sections have been revised/added and reviewed by the Company's auditor:

●    Activities & Review of Operations: This section has been enhanced to provide more detailed information about the Issuer's activities and a comprehensive review of its operations.

●    Group Structure: A new section has been included to provide an overview of the organisational structure of the Issuer.

●    Key Performance Indicators: A new section has been added to highlight the specific metrics or indicators used to assess the Issuer's performance.

●    Future Developments: A new section has been included to discuss the Issuer's plans, strategies, and expected developments in the future.

●    Risk & Uncertainties, including climate risk: A new section has been added to address the potential risks (including Climate Risk) and uncertainties faced by the Issuer.

●    Company and Group Corporate Governance: A new section on the Issuer and its Group Corporate Governance has been included to provide information about the company's governance structure and practices.

The former and updated 2022 annual financial reports can be found here: https://etp.coinshares.com/documents

For further information, please contact:

CoinShares Digital Securities Limited

2 Hill Street

St. Helier, Jersey,

JE2 4UA

Channel Islands

ir@coinshares.com

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