CHICAGO, IL -- (MARKET WIRE) -- 06/19/07 -- PowerShares Capital Management LLC continues Leading the Intelligent ETF Revolution® announcing today the anticipated launch of four new international exchange-traded funds (ETFs) based on FTSE RAFI(TM) indexes.

PEF  - PowerShares FTSE RAFI Europe Portfolio
PJO  - PowerShares FTSE RAFI Japan Portfolio
PAF  - PowerShares FTSE RAFI Asia Pacific ex-Japan Portfolio
PXF  - PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio

"We are pleased to partner with Research Affiliates, LLC and FTSE to offer intelligent exposure to global markets utilizing the benefit-rich ETF structure and Research Affiliates Fundamental Index(TM) (RAFI(TM)) strategies," said Bruce Bond, President of PowerShares Capital Management. "We believe that these portfolios offer material enhancements to the cap-weighted ETFs currently available in the space. We are proud to offer investors opportunities to participate in the four new international portfolios that seek to provide better exposure and the potential for outperformance of traditional cap-weighted indexes."

The four PowerShares FTSE RAFI Portfolios are based on FTSE RAFI indexes. These indexes are designed to track the performance of the largest equities in each country or region selected based on the following four fundamental measures of firm size: book value, income, sales and dividends. The 1,000 equities in each country or region with the highest fundamental strength are weighted according to their fundamental scores.

--  The PowerShares FTSE RAFI Europe Portfolio (PEF) is based on the FTSE
    RAFI Europe Index(TM). The index is designed to track the performance of
    the largest European equities.

--  The PowerShares FTSE RAFI Japan Portfolio (PJO) is based on the FTSE
    RAFI Japan Index(TM). The index is designed to track the performance of the
    largest Japanese equities.

--  The PowerShares FTSE RAFI Asia Pacific Ex-Japan Portfolio (PAF) is
    based on the FTSE RAFI Asia Pacific ex-Japan Index(TM). The index is
    designed to track the performance of the largest equities of companies
    domiciled in the Asia Pacific region (excluding Japan).

--  The PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio (PXF) is
    based on the FTSE RAFI Developed Markets ex-U.S. Index(TM). The index is
    designed to track the performance of the largest developed market equities
    (excluding the U.S.).
    

Rob Arnott, Chairman of Research Affiliates, LLC, added, "Research Affiliates, FTSE and PowerShares Capital Management are partners in innovation introducing investment alternatives to traditional cap-weighted indexes. Fundamental Index(TM) strategies have produced consistently higher returns with lower risk compared to cap-weighted indexes. Our research has found that Fundamental Index(TM) strategies have outperformed cap-weighted strategies in international markets, on average, by more than 250 basis points."

"We are pleased that PowerShares has chosen to base these new ETFs on the FTSE RAFI Europe, Japan, Asia Pacific ex-Japan and Developed Markets ex-US indexes," said FTSE Americas President Jerry Moskowitz. "These indexes open up the fundamental approach to investors looking for exposure to global markets and we are excited to provide them with this opportunity."

PowerShares Capital Management LLC is passionate about its goal of efficiently delivering 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. 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.

A I M Distributors, Inc. is the distributor of the PowerShares family of funds.

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.

Use of the FTSE RAFI(TM) indexes is under license. Indexes are calculated by FTSE International Limited ("FTSE") in conjunction with Research Affiliates LLC ("RA"). All rights and interests in the FTSE RAFI(TM) indexes vest in FTSE. All rights in and to the patent pending RA Fundamental Index(TM) method of creating and weighting of an index of securities used in the calculation of the FTSE RAFI(TM) indexes vest in RA. "FTSE®" is a registered trademark jointly owned by the London Stock Exchange Plc and The Financial Times Limited and is used under license. "Research Affiliates," RAFI(TM) and "Fundamental Index(TM)" are trademarks of RA and are used under license. Except to the extent disallowed by applicable law, neither FTSE nor RA nor their licensors shall be liable (including in negligence) for any loss arising out of use of the FTSE RAFI(TM) indexes by any person or entity. Fundamental Index(TM), the non-capitalization method for creating and weighting of an index of securities, is the patent-pending proprietary intellectual property of RA (Patent Pending. Publ. Nos. US-2005-0171884-A1, US-2006-0015433-A1, US-2006-0149645-A1, US-2007-0055598-A1, WO 2005/076812, and EPN 1733352).

PowerShares® and Leading the Intelligent ETF Revolution® are registered marks of PowerShares Capital Management LLC.

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