Market Vectors® Egypt Index ETF Resumes Accepting Creation Orders

New York-based asset manager Van Eck Global announced today that creation orders for Market Vectors Egypt Index ETF (Ticker: EGPT) will once again be accepted as of March 23, 2011.

Events in Egypt had forced the closing of Egyptian Exchange (EGX) for an extended period. As a result, Van Eck followed the firm’s normal policy of suspending creation orders when the underlying market is closed for an extended period as a result of extraordinary circumstances. Creation orders were suspended on January 31, 2011.

The EGX has since resumed operations. Market Vectors Egypt Index ETF will begin accepting new creation orders in accordance with the policies and procedures detailed in the Fund’s prospectus and Statement of Additional Information that include the right to suspend creation orders again if necessary. In an effort to facilitate an orderly resumption of trading, the Egyptian Exchange will follow procedures and measures, including circuit breakers on individual stock price changes, which may limit the Fund’s ability to track the Market Vectors Egypt Index.

Redemption orders for Market Vectors Egypt Index ETF have been and will continue to be accepted as described in the prospectus.

EGPT is one of three Market Vectors ETFs with exposure to Egypt. Market Vectors Africa Index ETF (Ticker: AFK) is an equity ETF with approximately 20% exposure to Egypt. AFK seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Dow Jones Africa Titans 50 IndexSM. Market Vectors Emerging Markets Local Currency Bond ETF (Ticker: EMLC) is a fixed-income ETF with approximately 3% exposure to local currency Egypt government bonds. EMLC seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the J.P. Morgan GBI-EMG Core Index. Both ETFs have continued to accept creation orders throughout the events in Egypt.

More About Van Eck Global

Founded in 1955, Van Eck Associates Corporation was among the first U.S. money managers helping investors achieve greater diversification through global investing. Today the firm continues this 50+ year tradition by offering global investment choices in hard assets, emerging markets, precious metals including gold, and other specialized asset classes.

Market Vectors exchange-traded products have been offered by Van Eck Global since 2006 when the firm launched the nation’s first gold mining ETF. It also offers mutual funds, insurance trust funds, separate accounts and alternative investments. Designed for investors seeking innovative choices for portfolio diversification, Van Eck Global’s investment products are often categorized in asset classes having returns with lower correlations than to those of more traditional U.S. equity and fixed income investments.

Important Disclosure

The Market Vectors Africa Index ETF, Market Vectors Egypt Index ETF, and Market Vectors Emerging Markets Local Currency Bond ETF are subject to a high degree of risk, including those associated with less reliable financial information, higher costs, taxation, decreased liquidity, less stringent reporting, and foreign currency risks. Special risks particular to emerging market investments include expropriation, political instability, economic impacts of armed conflict, civil war and severe social instability, less developed capital markets, lower market capitalization, lower trading volume, illiquidity, inflation, greater price fluctuations, uncertainty regarding the existence of trading markets, politically controlled access to trading markets, unsettled securities laws, and trade barriers. As the Funds may invest in securities denominated in foreign currencies and some of the income received by the Fund will be in foreign currency, changes in currency exchange rates may negatively impact the Funds’ return. The Market Vectors Emerging Markets Local Currency Bond ETF may also be subject to credit risk, interest rate risk, sovereign debt risk, tax risk, and risks associated with non-investment grade securities. Bonds and bond funds will decrease in value as interest rates rise. Investors should be willing to accept a high degree of volatility and the potential of significant loss. The Funds may loan their securities, which may subject them to additional credit and counterparty risk.

The Dow Jones Africa Titans 50 IndexSM is calculated and maintained by Dow Jones Indexes. “Dow Jones®”, “Titans” and “Dow Jones Africa Titans 50 Index” are service marks of Dow Jones & Company, Inc. Van Eck's Market Vectors Africa Index ETF is not sponsored, endorsed, sold or promoted by Dow Jones Indexes and Dow Jones Indexes makes no representation regarding the advisability of investing in such product(s).

The Market Vectors Egypt Index (the “Index”) is the exclusive property of 4asset-management GmbH, which has contracted with Structured Solutions AG to maintain and calculate the Index. Structured Solutions AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards 4asset-management GmbH, Structured Solutions AG has no obligation to point out errors in the Index to third parties. Market Vectors Egypt Index ETF is not sponsored, endorsed, sold or promoted by 4asset-management GmbH and 4asset-management GmbH makes no representation regarding the advisability of investing in the Fund.

Market Vectors Emerging Markets Local Currency Bond ETF (EMLC) is not sponsored, endorsed, sold or promoted by J.P. Morgan and J.P. Morgan makes no representation regarding the advisability of investing in EMLC. J.P. Morgan does not warrant the completeness or accuracy of the J.P. Morgan GBI-EMG Core Index. “J.P. Morgan” is a registered service mark of JPMorgan Chase & Co. © 2010. JPMorgan Chase & Co. All rights reserved.

Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called “creation units” and otherwise can be bought and sold only through exchange trading. Creation units of Market Vectors Africa Index ETF and Market Vectors Egypt Index ETF are issued and redeemed principally in cash. Creation units of Market Vectors Emerging Markets Local Currency Bond ETF are issued and redeemed principally in kind. Shares may trade at a premium or discount to their NAV in the secondary market.

Investing involves risk, including possible loss of principal. Investors may call 1.888.MKT.VCTR or visit vaneck.com for a free prospectus or summary prospectus. They should consider the investment objective, risks, and charges and expenses of the investment company carefully before investing. The prospectus and summary prospectus contains this and other information. Please read the prospectus carefully before investing.

Van Eck Securities Corporation, Distributor, 335 Madison Avenue, New York, NY 10017

Contacts:

MacMillan Communications
Chris Sullivan/Aaron Siegel, 212-473-4442
chris@macmillancom.com
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