PQBW Powershares (MM)

Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs) with more than $50 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 investors in ETFs and to position its business for future growth opportunities, Invesco PowerShares announced that it plans to close 10 of its ETFs. The affected funds represent less than 1% of Invesco PowerShares' total assets.

"We regularly review portfolios 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 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. We have actively introduced several innovative ETFs to the market in the past year and we anticipate introducing new products in the months ahead."

At an Oct. 5, 2010 meeting, the PowerShares Funds Board of Trustees approved the closings. The final day of trading on The NASDAQ Stock Market LLC ("NASDAQ") and NYSE Arca, Inc. ("NYSE Arca") will be Dec. 14, 2010.

Shareholders may sell their holdings on or before Dec. 14, 2010, and may incur typical transaction fees from their broker-dealer. Shareholders who do not sell their holdings on or before Dec. 14, 2010, 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 liquidation date (currently scheduled for Dec. 21, 2010). Shareholders will generally recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares.

The affected ETFs are listed below:

Name                                                           Ticker Symbol
PowerShares Dynamic Healthcare Services Portfolio              PTJ
PowerShares Dynamic Telecommunications & Wireless Portfolio    PTE
PowerShares FTSE NASDAQ Small Cap Portfolio                    PQSC
PowerShares FTSE RAFI Europe Portfolio                         PEF
PowerShares FTSE RAFI Japan Portfolio                          PJO
PowerShares Global Biotech Portfolio                           PBTQ
PowerShares Global Progressive Transportation Portfolio        PTRP
PowerShares NASDAQ-100 BuyWrite Portfolio                      PQBW
PowerShares NXQ Portfolio                                      PNXQ
PowerShares Zacks Small Cap Portfolio                          PZJ

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 148 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 $50 billion as of Sept. 30, 2010, PowerShares ETFs trade on both U.S. stock exchanges. For more information, please visit us at www.invescopowershares.com.

Invesco PowerShares is part of Invesco Ltd., 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 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. Shares are not actively managed and are subject to risks similar to those of stocks. For a description of the risks of investing in the Funds, please see the Funds' prospectuses. Ordinary brokerage commissions apply.

The Funds are considered non-diversified and may be subject to greater risks than a diversified fund.

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

Not FDIC Insured | May Lose Value | No Bank Guarantee

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

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.

Invesco 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. For this and more complete information about the Funds, call 800 983 0903 or visit invescopowershares.com for a prospectus. Please read the prospectus carefully before investing.

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Media Contacts: Kristin Sadlon Porter Novelli 212-601-8192 Email Contact Bill Conboy 303-415-2290 Email Contact