PowerShares Expands Global FTSE RAFI ETF Offerings With New International Real Estate Portfolio

PowerShares Capital Management LLC, a leading provider of exchange-traded funds (ETFs), today announced a new addition to its Global series of FTSE(TM) RAFI®-based ETFs, with the anticipated listing of a portfolio covering international real estate companies, excluding the United States. The new ETF is expected to begin trading on NYSE Arca on Dec. 28, 2007.

The anticipated ticker symbol and portfolio name is:

--  PRY - PowerShares FTSE RAFI® International Real Estate ex-U.S.
    Portfolio

"Our FTSE RAFI International Real Estate portfolio will give U.S.-based investors unique access to an exciting group of real estate companies domiciled in developed markets outside the United States," said Bruce Bond, president and CEO of PowerShares. "Global economies are booming, and these funds provide fundamentally weighted exposure to real estate activity in developed markets around the world. PowerShares is committed to helping investors achieve alpha through its broad and diversified family of intelligent ETFs."

PowerShares' Global series of FTSE(TM) RAFI® Portfolios are based on FTSE(TM) RAFI® global indexes, uniquely constructed using four fundamental measures of a firm's size: book value, cash flow, sales and dividends. The equities with the highest fundamental strength are then weighted according to their fundamental scores. PowerShares' Fundamentals Weighted(TM) portfolio is rebalanced and reconstituted annually.

Product information on PowerShares FTSE RAFI® International Real Estate ex-U.S. Portfolio follows:

The PowerShares FTSE RAFI® International Real Estate ex-U.S. Portfolio (PRY) is based on the FTSE(TM) RAFI® Underlying Index, designed to track the performance of those real estate companies with the largest fundamental value. The Underlying Index includes approximately 150 companies with market capitalizations between $198 million and $49.2 billion domiciled in Australia, Belgium, Canada, China, Finland, France, Germany, Hong Kong, Israel, Italy, Japan, the Netherlands, Austria, the Philippines, South Africa, Singapore, Spain, Sweden, Switzerland, Taiwan and the United Kingdom (excluding the United States). The Underlying Index is adjusted quarterly.

PowerShares Capital Management LLC is leading the intelligent ETF revolution through its family of more than 100 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 of over $35 billion, PowerShares ETFs trade on all three U.S. stock exchanges and the PowerShares QQQ(TM), which tracks 100 of the NASDAQ's fastest-growing companies, is the most actively traded equity security in the world. For more information, please visit us at www.powershares.com .

PowerShares is a part of Invesco, a leading independent global investment management company, dedicated to helping people worldwide build their financial security. By delivering the combined power of our distinctive worldwide investment management capabilities, including AIM, Atlantic Trust, Invesco, Perpetual, PowerShares, Trimark, and WL Ross, 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 company is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com .

Important Risk Information

There are risks involved with investing in ETFs including the possible loss of money. Shares are not actively managed and are subject to risks similar to stocks, including those related to short selling and margin maintenance. Shares are not FDIC insured, may lose value and have no bank guarantee. Ordinary brokerage commissions apply.

The Fund may invest in small and/or medium-sized companies. Investing in securities of small and medium-sized companies involves greater risk than is customarily associated with investing in more established, larger-sized companies.

An investment in the securities of non-U.S. issuers involves risks beyond those associated with investments in U.S. securities, including, but not limited to: greater market volatility, the availability of less reliable financial information, higher transactional and custody costs, taxation by foreign governments, decreased market liquidity, political instability, negative impact of changes in currency exchange rates or foreign governmental regulation.

Investments in real estate companies are generally subject to greater risks such as legal and other restrictions on resale and are otherwise less liquid than publicly traded securities. The PowerShares FTSE RAFI International ex U.S. Real Estate Fund is considered to be concentrated in a specific industry and carries additional risk beyond a more diversified investment. Please see the prospectus for more complete risk information.

The Index is compiled and calculated by FTSE in conjunction with RA. However, neither FTSE nor Exchange nor FT nor RA shall be liable (whether in negligence or otherwise) to any person for any error in the Index and neither FTSE nor the Exchange nor FT nor RA shall be under any obligation to advise any person of any error therein. "FTSE" is a trademark of the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE International Limited under license. "Research Affiliates," "Fundamental Index," "RAFI" and "Fundamentals Weighted" are trademarks of Research Affiliates.