Date: December 28, 2022
Subject: VanEck Russia ETF – Anticipated Liquidation/Anticipated Adjustment
Option Symbol: RSX
Date: ???
Background: On September 20, 2022, the Board of VanEck ETF Trust (“Board”) approved the Plan of
Liquidation and Termination of Series (“Plan”) for the VanEck Russia ETF (RSX). On December 28, 2022
(“Effective Date”), the Plan became effective.

As stated in the Plan filed with the U.S. Securities and Exchange Commission as Exhibit C to the
Application for an Order Pursuant to 22(e)(3) of the Investment Company Act of 1940 and dated
December 28, 2022, VanEck ETF Trust intends to convert all of the portfolio securities of RSX not already
converted to cash or cash equivalents into cash or cash equivalents. RSX intends to distribute all of its
remaining assets (after discharge of its liabilities and expenses) in one or more liquidating distributions
(“Liquidating Distributions”) on a pro rata basis to RSX ETF holders between the Effective Date and the
Termination Date. As described in the Plan, the Termination Date is December 31, 2023, subject to
amendment.

It is expected that the CBOE BZX Exchange will delist RSX shares on or about January 12, 2023, when
RSX is expected to make its initial Liquidating Distribution.

The Liquidating Distributions will likely be in the form of cash but may be in the form of other property as
described in the Plan.

Contract Adjustment

The option symbol RSX will not change.

Date: Anticipated to be on or about January 12, 2023

New Deliverable

Per Contract: 100 x the value of the Liquidating Distribution amount(s), if any, received by
RSX ETF holders as described in the Plan.

The Liquidating Distribution(s) may be distributed in the form of cash or other property.
Delayed Settlement

RSX options will be subject to delayed settlement, effective December 28, 2022, until the value of the
Liquidating Distribution(s) is determined. Existing broker-to-broker obligations in RSX options will remain
subject to broker-to-broker settlement.