Company Press Release

Invesco PowerShares Announces Changes to ETF Family

CHICAGO – June 23, 2011 – Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs) with more than $60 billion in franchise assets, announced changes to its PowerShares family, one of the broadest in the marketplace today. In a continuing effort to proactively address the growing needs of ETF investors and to position for future growth opportunities, Invesco PowerShares announced that it plans to close two of its Active ETF portfolios.

The affected ETFs are listed below:

Name Ticker Symbol
PowerShares Active Alpha Multi-Cap Fund PQZ
PowerShares Active AlphaQ Fund PQY

"We regularly review our family of ETFs, carefully evaluating numerous factors such as investment results, length of time in the market, investor interest, and the potential for future growth," said Ben Fulton, Invesco PowerShares managing director of global ETFs. “Based on this assessment, we believe that it's in the best interest of our investors that we refocus our resources on areas that we believe are of greater client interest."

"As a pioneer in the Active ETF category and one of the leading innovators in the ETF industry, Invesco PowerShares continues to be fully committed to maintaining and developing a comprehensive product line. Accordingly, we continue to evaluate active management strategies under our exemptive relief with a view of potentially expanding our Active ETF offerings in the future."

At a June 21, 2011 meeting, the PowerShares Funds Board of Trustees approved the closings. The final day of trading on the NYSE Arca, Inc. ("NYSE Arca") will be September 30, 2011.

Shareholders may sell their holdings on or before September 30, 2011, and may incur typical transaction fees from their broker-dealer. Shareholders who do not sell their holdings on or before September 30, 2011, will receive cash equal to the amount of the net asset value of their shares, which will include any capital gains and dividends, in the cash portion of their brokerage accounts on the distribution date (currently scheduled for October 6, 2011). 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 Capital Management LLC is leading the Intelligent ETF Revolution® through its family of more than 140 domestic and international exchange-traded funds, which seek to outperform traditional benchmark indexes while providing advisors and investors access to an innovative array of focused investment opportunities. With franchise assets over $60 billion as of March 31, 2011, PowerShares ETFs trade on both U.S. stock exchanges. For more information, please visit us at invescopowershares.com or follow us on Twitter @PowerShares.

Invesco is a leading independent global investment manager, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our retail, institutional and high net worth clients around the world. Operating in more than 20 countries, the company 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. Index-based ETFs are not actively managed. Actively managed ETFs do not necessarily seek to replicate the performance of a specified index. Both index-based and actively managed ETFs are subject to risks similar to stocks, including those related to short selling and margin maintenance. Ordinary brokerage commissions apply.

While it is not Invesco PowerShares intention, there is no guarantee that the Funds will not distribute capital gains to its shareholders.