SOURCE: PowerShares

February 29, 2008 08:00 ET

PowerShares to List India ETF Providing Investors Exposure to Indian Equity Markets

Access to India's Growing Economy; 78 Basis Point Unitary Fee

CHICAGO, IL--(Marketwire - February 29, 2008) - PowerShares Capital Management LLC, a leading provider of exchange-traded funds (ETFs), today announced the PowerShares India Portfolio is anticipated to begin trading on the NYSE Arca under the ticker symbol PIN, Friday, February 29, 2008.

"PowerShares India ETF is based on a specialized index designed to address real world regulatory constraints encountered when investing in Indian markets," said Bruce Bond, president and CEO of PowerShares. "Powered by one of the fastest-growing economies and the second-largest population in the world, we believe that the Indian equity markets present an attractive investment opportunity. We believe PIN provides a compelling choice for investors seeking relatively low-cost access to a portfolio of Indian securities."

"Because India imposes certain restrictions on foreign holdings, any investible India index must explicitly address these limits, as well as current foreign holdings," said Ranga Nathan, managing director of Indus Advisors LLC. "The Indus India Index does this through a propriety measure of capitalization for foreign investment that we believe is a more accurate representation of a company's capitalization available for foreign ownership, than market-capitalization and float-weighted methodologies."

The PowerShares India Portfolio will provide exposure to India's growing marketplace through investment in local equities. PowerShares India Portfolio is designed to trade at or near net asset value.

The PowerShares India Portfolio (PIN) is based on the Indus India Index, which is compiled by Indus Advisors LLC. The Index is designed to track the performance of the Indian equity markets as a whole with representation across the information technology, health sciences, financial services, heavy industry consumer products and other market segments. The rules-based index is reconstituted and rebalanced quarterly, and selects 50 components from a universe of companies listed on the National and Bombay Stock Exchanges.

Indus India Index's top 20 components and their weightings as of 01/31/2008:

Company Name               % weight     ISIN           Reuters    Bloomberg
Reliance Inds.              10.00%   INE002A01018      RELI.BO       RIL IN
Infosys Tech.                9.43%   INE009A01021      INFY.BO      INFO IN
O N G C                      7.39%   INE213A01011      ONGC.BO      ONGC IN
Reliance Communi.            6.23%   INE330H01018      RLCM.BO      RCOM IN
Reliance Petro               3.48%   INE475H01011      RPET.BO      RPET IN
Hind. Unilever               3.39%   INE030A01027       HLL.BO      HUVR IN
Bharti Airtel                3.16%   INE397D01016      BRTI.BO    BHARTI IN
Reliance Energy              2.88%   INE036A01016      BSES.BO      RELE IN
HDFC Bank                    2.73%   INE040A01018      HDBK.BO     HDFCB IN
ICICI Bank                   2.53%   INE090A01013      ICBK.BO   ICICIBC IN
Unitech                      2.47%   INE694A01020      UNTE.BO        UT IN
St Bk of India               2.29%   INE062A01012       SBI.BO      SBIN IN
Indian Oil                   2.21%   INE242A01010       IOC.BO      IOCL IN
TCS                          2.17%   INE467B01029       TCS.BO       TCS IN
Wipro                        1.96%   INE075A01022      WIPR.BO      WPRO IN
Sterlite Inds.               1.85%   INE268A01031      STRL.BO      STLT IN
Jaiprakash Assoc             1.74%   INE455F01025      JAIA.BO       JPA IN
Reliance Capital             1.74%   INE013A01015      RLCP.BO      RCFT IN
NTPC                         1.69%   INE733E01010      NTPC.BO      NATP IN
ITC                          1.62%   INE154A01025       ITC.BO       ITC IN

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 advisers and investors access to an innovative array of focused investment opportunities. With franchise assets of over $35 billion, PowerShares ETFs trade on major U.S. stock exchanges. For more information, please visit us at www.powershares.com.

PowerShares is a part of Invesco Ltd., 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 currently 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. The Fund is not actively managed and is subject to risk from its exposure to emerging market securities and tax risk. Shares are not FDIC insured, may lose value and have no bank guarantee. You may lose money on your investment.

Stocks of Indian companies carry additional risks, including, but not limited to, the value of the Fund's assets may be adversely affected by political, economic, social and other factors, changes in Indian law or regulations and the status of India's relations with other countries. In addition, the economy of India may differ favorably or unfavorably from the U.S. economy in such respects as the rate of growth of gross domestic product, the rate of inflation, capital reinvestment, resource self-sufficiency and balance of payments position. Agriculture occupies a more prominent position in the Indian economy than in the United States, and the Indian economy therefore is more susceptible to adverse changes in weather. The Indian government has exercised and continues to exercise significant influence over many aspects of the economy, and the number of public sector enterprises in India is substantial. Accordingly, Indian government actions in the future could have a significant effect on the Indian economy, which could affect private sector companies and the Fund, market conditions, and prices and yields of securities in the Fund's portfolio. The favorable tax treatment that the Fund expects to receive from the Indian government may be discontinued at any time. Please see the prospectus for more complete information.

Indus Advisors LLC is the Index Provider for the Fund. Indus is not affiliated with the Trust, the Adviser or the Distributor. Indus' only relationship to the Adviser, the Fund or the Distributor is Indus' licensing to the Adviser of certain Indus trademarks, Indexes and trade names, which are composed by Indus without regard to the Adviser, the Fund, the Distributor or any investor; and Indus makes no warranty or representation regarding the advisability of purchasing, holding or trading this product.

A I M Distributors, Inc. is the distributor of the PowerShares India Exchange-Traded Fund Trust.

An investor should consider the Fund's investment objective, risks, charges and expenses carefully before investing. The prospectus contains this and other information about the Fund. For this and more complete information about the Fund, or to obtain a prospectus, call 800.983.0903 or visit the website www.powershares.com. Please read the prospectus carefully before investing.

The Securities and Exchange Commission has not approved or disapproved these securities or passed upon the adequacy of this prospectus. Any representation to the contrary is a criminal offense.