SOURCE: PowerShares Capital Management

September 18, 2006 17:31 ET

PowerShares Capital Management Completes Merger With AMVESCAP

CHICAGO, IL -- (MARKET WIRE) -- September 18, 2006 -- PowerShares Capital Management LLC announced that effective Monday, September 18, 2006, it has completed its merger with AMVESCAP, one of the largest independent global investment managers.

"AMVESCAP's global distribution network, long-standing relationships with advisors, and brand equity will greatly accelerate the availability of PowerShares ETFs to investors," said Bruce Bond, President and CEO of PowerShares Capital Management. "On behalf of PowerShares management and staff, we are excited about joining the AMVESCAP team headed by Marty Flanagan, and look forward to the many synergies and growth opportunities that can be achieved by the merger."

Considered one of the fastest-growing companies in today's financial marketplace, PowerShares Capital Management provides investors with a unique lineup of investment solutions to use in intelligent portfolio construction. In conjunction with the acquisition, PowerShares has launched an updated version of its website to provide additional information and tools for investors. A special advisor section has been added for access to product literature on portfolio allocation and risk tolerance assessment, as well as tools for efficiently constructing client ETF portfolios.

PowerShares Capital Management LLC

PowerShares Capital Management LLC is passionate about its goal of efficiently delivering the highest quality institutional investment management available. PowerShares is "Leading the Intelligent ETF Revolution," providing investment advisors with institutional caliber asset management through the replication of enhanced indexes in one of the more benefit rich investment vehicles available in the marketplace today, the exchange-traded fund. PowerShares Capital Management LLC is an asset management company committed to theoretically sound portfolio construction and empirically verifiable investment management approaches. Their asset management philosophy and investment discipline are deeply rooted in the application of intuitive factor analysis and model implementation to enhance investment decisions.

AMVESCAP

AMVESCAP PLC is a leading independent global investment manager, dedicated to helping people worldwide build their financial security. Operating under the AIM, INVESCO, INVESCO PERPETUAL, and Atlantic Trust brands, AMVESCAP strives to deliver outstanding products and services through a comprehensive array of retail and institutional products for clients around the world. The Company, which had approximately $429 billion in assets under management as of August 31, 2006, is listed on the London, New York and Toronto stock exchanges with the symbol (LSE: AVZ) (NYSE: AVZ) (TSX: AVZ). Additional information is available at www.amvescap.com.

Risks of Owning PowerShares

PowerShares 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.

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.

Contact Information

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