PowerShares Capital Management will launch five new ETFs on the American Stock Exchange tomorrow. The offerings are centered on international and clean energy investments.

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PowerShares Capital Management LLC continues to "Lead the Intelligent ETF Revolution," announcing today the anticipated launch of five new exchange-traded funds (ETFs) on the American Stock Exchange (AMEX) Wednesday, June 13, 2007.

PIO - PowerShares Global Water Portfolio

PBD - PowerShares Global Clean Energy Portfolio

PFA - PowerShares Dynamic Developed International Opportunities Portfolio

PUA - PowerShares Dynamic Asia Pacific Portfolio

PEH - PowerShares Dynamic Europe Portfolio

"Long before there was heightened interest in water and clean energy investments, PowerShares has been providing intelligent access to the segments through the Water Resources Portfolio (PHO) and WilderHill Clean Energy Portfolio (PBW). Both were firsts in the ETF industry and continue to lead the industry with approximately $1.7 billion and $950 million in AUM, respectively, in spite of numerous imitation products. As the leader in providing intelligent access to these investment categories, PowerShares is pleased to make available portolios that provide access to global water and clean energy markets," said Bruce Bond, President of PowerShares Capital Management. "We are additionally very excited to provide the first ETFs based on intelligent indexes that seek to provide outperformance of core international markets."

The PowerShares Global Water Portfolio (PIO) is based on the Palisades Global Water Index™. The index seeks to identify a group of companies worldwide that focus on the provision of potable water, the treatment of water and the technology and services that are directly related to global water consumption.

The PowerShares Global Clean Energy Portfolio (PBD) is based on the WilderHill New Energy Global Innovation Index. The index seeks to deliver capital appreciation and is composed of companies that focus on greener and generally renewable sources of energy and technologies facilitating cleaner energy.

The PowerShares Dynamic Developed International Opportunities Portfolio (PFA) is based on the QSG Developed International Opportunities Index, which seeks to identify global equities with strong potential for capital appreciation. The index is constructed pursuant to QSG proprietary methodology, which evaluates, ranks and sorts more than 10,000 global securities using a proprietary multifactor model that is based on numerous measures of expected outperformance.

The PowerShares Dynamic Asia Pacific Portfolio (PUA) is based on the QSG Asia Pacific Opportunities Index, which seeks to identify stocks of companies domiciled in Australia, Hong Kong, New Zealand and Singapore that possess the greatest potential for capital appreciation. The index is constructed pursuant to QSG proprietary methodology, which evaluates, ranks and sorts more than 10,000 global securities using a proprietary multifactor model that is based on numerous measures of expected outperformance.

The PowerShares Dynamic Europe Portfolio (PEH) is based on the QSG Active Europe Index, which seeks to identify stocks of European companies that possess the greatest potential for capital appreciation. The index is constructed pursuant to QSG proprietary methodology, which evaluates, ranks and sorts more than 10,000 global securities using a proprietary multifactor model that is based on numerous measures of expected outperformance.

PowerShares Capital Management LLC is passionate about its goal to efficiently deliver the highest quality institutional investment management services available. PowerShares is Leading the Intelligent ETF Revolution® by providing investment advisors a full suite of ETF and investment options, including institutional caliber asset management that seeks to replicate enhanced indexes in one of the more benefit rich investment vehicles available in the marketplace today, the exchange-traded fund. The firm is committed to theoretically sound portfolio construction and empirically verifiable investment management approaches. PowerShares' asset management philosophy and investment discipline are deeply rooted in the application of intuitive factor analysis and model implementation to enhance investment decisions.

PowerShares is a wholly owned subsidiary of INVESCO PLC, a leading independent global investment manager dedicated to helping people worldwide build their financial security. Operating under the AIM, AIM Trimark, Atlantic Trust, Perpetual, PowerShares and WL Ross & Co. brands, INVESCO PLC strives to deliver outstanding products and services through a comprehensive array of enduring investment solutions for its retail, institutional and private wealth management clients around the world. The company, which had approximately $491 billion in assets under management as of May 31, 2007, is listed on the London, New York and Toronto stock exchanges with the symbol "IVZ." Additional information is available at www.invesco.com.

Risks of Owning Exchange-Traded Funds

Exchange-traded funds are made up of publicly traded securities that can and will move higher and lower with market movements. You should anticipate that the value of the shares of each fund will advance or decline more or less in correlation with the advance or decline in value of the applicable index. The Funds are not actively managed, and shares of the Funds may trade at or below the Funds' NAV. Exchange-traded funds are subject to risks similar to those of stocks, including risks associated with short-selling and margin account maintenance. Ordinary brokerage commissions apply.

A I M Distributors, Inc. is the distributor of the PowerShares Exchange-Traded Fund Trust.

An investor should consider the Fund's investment objectives, risks, charges and expenses carefully before investing. For this and more complete information about the Fund, call 800.983.0903 or visit the website www.powershares.com for a prospectus. Please read the prospectus carefully before investing.

The information in this prospectus is not complete and may be changed. The portfolio may not sell its shares until the registration statement filed with the Securities and Exchange Commission is effective. The prospectus is not an offer to sell the portfolio shares, nor is the portfolio soliciting an offer to buy its shares in any jurisdiction where the offer or sale is not permitted.

The WilderHill New Energy Global Innovation Index ("NEX") is published by WilderHill New Energy Finance, LLC and is calculated by Dow Jones Indexes. PowerShares nor the PowerShares Global Clean Energy Portfolio, based on the NEX, is sponsored, endorsed, sold or promoted by WilderHill New Energy Finance, LLC or Dow Jones Indexes, and WilderHill New Energy Finance, LLC and Dow Jones Indexes make no representation regarding the advisability of investing in such product.  

Edited by: Erin Kello


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