May 01, 2009 at 14:23 PM EDT
Invesco PowerShares Announces Changes to ETF Family

CHICAGO, IL -- (Marketwire) -- 05/01/09 -- Invesco PowerShares Capital Management LLC is a leading global provider of exchange-traded funds (ETFs). The PowerShares product line includes 135 unique portfolios with assets of $25.8 billion as of March 31, 2009. The family of ETFs is one of the broadest in the marketplace today and spans numerous market segments, sizes, styles, themes and security types, both domestic and international.

In an effort to position its business for future growth opportunities and to align its family of ETFs with the changing investment landscape, Invesco PowerShares announced today that it plans to close 19 of its ETFs. The affected funds represent less than 1% of Invesco PowerShares' total assets.

"After carefully evaluating numerous factors including shareholder considerations, length of time on the market, asset levels and the potential for future growth, we proposed closing certain portfolios that have not gained sufficient acceptance with investors," said Bruce Bond, president and CEO of Invesco PowerShares. "We remain fully committed to the ETF industry and expect to offer new, exciting products in the months ahead."

At a May 1, 2009 meeting, the PowerShares Funds Board of Trustees approved the closings. May 18, 2009 will be the final day of trading on The NASDAQ Stock Market LLC ("NASDAQ") and NYSE Arca, Inc. ("NYSE Arca") for the affected ETFs (collectively, the "Funds") listed below:

                                                                     Ticker
Name                                                                 Symbol
PowerShares Dynamic Aggressive Growth Portfolio                      PGZ
PowerShares Dynamic Asia Pacific Portfolio                           PUA
PowerShares Dynamic Deep Value Portfolio                             PVM
PowerShares Dynamic Europe Portfolio                                 PEH
PowerShares Dynamic Hardware & Consumer Electronics Portfolio        PHW
PowerShares FTSE RAFI Asia Pacific ex-Japan Small-Mid Portfolio      PDQ
PowerShares FTSE RAFI Basic Materials Sector Portfolio               PRFM
PowerShares FTSE RAFI Consumer Goods Sector Portfolio                PRFG
PowerShares FTSE RAFI Consumer Services Sector Portfolio             PRFS
PowerShares FTSE RAFI Energy Sector Portfolio                        PRFE
PowerShares FTSE RAFI Europe Small-Mid Portfolio                     PWD
PowerShares FTSE RAFI Financials Sector Portfolio                    PRFF
PowerShares FTSE RAFI Health Care Sector Portfolio                   PRFH
PowerShares FTSE RAFI Industrials Sector Portfolio                   PRFN
PowerShares FTSE RAFI International Real Estate Portfolio            PRY
PowerShares FTSE RAFI Telecommunications & Technology Sector
 Portfolio                                                           PRFQ
PowerShares FTSE RAFI Utilities Sector Portfolio                     PRFU
PowerShares High Growth Rate Dividend Achievers Portfolio            PHJ
PowerShares International Listed Private Equity Portfolio            PFP

In early May 2009, the Funds will begin the process of closing down and liquidating their respective portfolios. This process will cause each Fund's holdings to deviate from the securities included in its underlying index and each Fund to increase its cash holdings, which may lead to increased tracking error. Effective May 19, 2009, the Funds will be closed to new investors.

Shareholders may sell their holdings prior to May 19, 2009, and may incur typical transaction fees from their broker-dealer. Shareholders of record on the close of business on May 18, 2009 will receive cash equal to the amount of the net asset value of their shares as of May 22, 2009, which will include any capital gains and dividends, in the cash portion of their brokerage accounts. Shareholders will generally recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares.

For additional information, shareholders of the ETFs which are scheduled for liquidation may call Invesco PowerShares at 800-983-0903.

Invesco PowerShares is a wholly owned subsidiary of Invesco Ltd., a leading independent global investment management firm dedicated to helping people worldwide build their financial security. Invesco provides a comprehensive array of enduring investment solutions for retail, institutional and high-net-worth clients around the world. Operating in 20 countries, the firm is listed on the New York Stock Exchange under the symbol "IVZ." Additional information is available at www.invesco.com.

There are risks involved with investing in ETFs, including possible loss of money. Shares of the affected Funds are not actively managed. Ordinary brokerage commissions apply.

Invesco PowerShares does not offer tax advice. Please consult a tax advisor for advice regarding your specific situation.

Shares are not FDIC insured, may lose value and have no bank guarantee.

© 2009 Invesco PowerShares Capital Management LLC

PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC (Invesco PowerShares). Invesco PowerShares Capital Management LLC and Invesco Aim Distributors, Inc. are indirect, wholly owned subsidiaries of Invesco Ltd.

Invesco Aim Distributors, Inc. is the distributor of the PowerShares Exchange-Traded Fund Trust and the PowerShares Exchange-Traded Fund Trust II.

An investor should consider the Funds' investment objectives, risks, charges and expenses carefully before investing. For a copy of the prospectus which contains this and other information about the Funds, call 800.983.0903 or visit www.invescopowershares.com. Please read the prospectus carefully before investing.

Shares are not individually redeemable and owners of the Shares may acquire those shares from the Funds and tender those shares for redemption to the Funds in Creation Unit aggregations only, typically consisting of 50,000 shares.

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Porter Novelli
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