WisdomTree WTI Crude Oil 1x Daily Short is designed to enable investors to gain a 'short' exposure to a total return investment in WTI crude oil futures contracts by tracking the Bloomberg Crude Oil Subindex (the "Index") and providing a collateral yield. A daily short exposure means that the product is designed to reflect minus one times the daily percentage change in the Index level. For example, if the Index was to rise in value by 5% on a particular day, the product is designed to decrease in value by 5% on that day (minus fees and expenses). WisdomTree WTI Crude Oil 1x Daily Short is an exchange traded commodity ("ETC"). It is not a UCITS product. Securities in this ETC are structured as debt securities and not as shares (equity) and can be created and redeemed on demand by authorised participants and are traded on exchange just like shares in a company. The ETC is backed by swaps. The payment obligations of the swap counterparties to the Issuer are protected by collateral held which is marked to market daily. The collateral is held in segregated accounts at The Bank of New York Mellon. Details of the collateral held can be found in the Collateral section of the WisdomTree website (www.wisdomtree.com). Index Description The Index is designed to reflect the movement in the price of the WTI crude oil futures contracts used in the Bloomberg Commodity IndexSM that are continuously rolled on a pre-determined rolling schedule. Each trading day returns, excluding fees and expenses, will be positive when the Index falls relative to the previous day's close, and negative when the index rises relative to the previous day's close. Short ETCs are only intended for investors who understand the risks involved in investing in an ETC with short exposure and who intend to invest on a short-term basis. Any investment in a short ETC should be monitored on a daily basis to ensure consistency with your investment strategy. Please refer to the section entitled "Risk Factors" in the relevant prospectus for further details of these and other risks associated with an investment in short ETCs. You should consult an independent investment adviser prior to making an investment in a short ETC in order to determine its suitability to your circumstances.