Market Vectors® Family of ETFs Announces Distributions

The Market Vectors ETF Trust announced today the following 2011 annual distributions per share for the Market Vectors family of equity exchange-traded funds.

The following dates apply to today’s distribution declarations:

Ex-Date

Record Date

Payable Date

December 23, 2011 December 28, 2011 December 30, 2011
Short-Term Long-Term
Equity ETFs Ticker Dividend Capital Gain Capital Gain
Market Vectors Africa Index ETF AFK $0.971 None None
Market Vectors Agribusiness ETF MOO $0.304 None None
Market Vectors Brazil Small-Cap ETF BRF $1.118 $0.197 $3.817
Market Vectors China ETF PEK None None None
Market Vectors Coal ETF KOL $0.483 None None
Market Vectors Colombia ETF COLX $0.140 None None
Market Vectors Egypt Index ETF EGPT $0.291 None None
Market Vectors Environmental Services ETF EVX $0.620 None None
Market Vectors Gaming ETF BJK $0.629 None $0.033
Market Vectors Germany Small-Cap ETF GERJ $0.143 None None
Market Vectors Global Alternative Energy ETF GEX $0.348 None None
Market Vectors Gold Miners ETF GDX $0.150 None None
Market Vectors Gulf States Index ETF MES $0.800 None None
Market Vectors India Small-Cap Index ETF SCIF $0.160 $0.005 None
Market Vectors Indonesia Index ETF IDX $0.453 None None
Market Vectors Junior Gold Miners ETF GDXJ $1.212 $0.025 $0.349
Market Vectors Latin America Small-Cap ETF LATM $0.493 $0.306 None
Market Vectors Poland ETF PLND $0.754 None None
Market Vectors Rare Earth/Strategic Metals ETF REMX $0.953 None None
Market Vectors RVE Hard Assets Producers ETF HAP $0.660 None None
Market Vectors Russia ETF RSX $0.584 None None
Market Vectors Russia Small-Cap ETF RSXJ $0.070 None None
Market Vectors Solar Energy ETF KWT $0.233 None None
Market Vectors Steel ETF SLX $1.142 None None
Market Vectors Uranium+Nuclear Energy ETF NLR $1.932 None None
Market Vectors Vietnam ETF VNM $0.163 None None

Passive Foreign Investment Company (PFIC) Income

Several Market Vectors ETFs may make investments in non-U.S. corporations classified as “passive foreign investment companies.” Generally speaking, PFICs are non-U.S. corporations having 50% or more of their assets invested in cash or securities, or having 75% or more of their gross income originating from passive sources, including but not limited to interest, dividends and rents. In other words, these foreign companies primarily derive their revenue streams from investments (rather than operations). Please refer to your Market Vectors ETF’s Statement of Additional Information (SAI) for further information on PFICs. The table above contains information regarding the PFIC tax adjustment for each year-end dividend per share.

IRS Circular 230 disclosure: Van Eck does not provide legal, tax or accounting advice. Any statement contained in this communication concerning U.S. tax matters is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties imposed on the relevant taxpayer. Shareholders or potential shareholders of the Market Vectors ETFs should obtain their own independent tax advice based on their particular circumstances.

The amount of dividends paid by each fund may vary from time to time. Past amounts of dividends are no guarantee of future dividend payment amounts.

Van Eck does not provide legal, tax or accounting advice. Any statement contained in this communication concerning U.S. tax matters is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties imposed on the relevant taxpayer. Shareholders or potential shareholders of the Market Vectors ETFs should obtain their own independent tax advice based on their particular circumstances.

If you have any questions concerning this information or the Market Vectors ETFs in general, please call 1.888.MKT.VCTR between 9:00 a.m. and 5:30 p.m. EST, Monday through Friday.

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 the 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. Today, Market Vectors ETFs and ETNs span several asset classes, including equities, fixed income and currency markets.

Van Eck Global also offers mutual funds, variable 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 low correlations to those of more traditional U.S. equity and fixed income investments.

Please call 888.MKT.VCTR or visit our website for the most recent month-end performance of Market Vectors ETFs. This information will be available no later than seven business days after the most recent month end.

The principal risks of investing in Market Vectors ETFs include sector, market, economic, political, foreign currency, world event, index tracking and non-diversification risks, as well as fluctuations in net asset value and the risks associated with investing in less developed capital markets. The Funds may loan their securities, which may subject them to additional credit and counterparty risk. Please see the Prospectus of each Fund for more complete information regarding its specific risks.

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 are issued and redeemed principally in kind. Shares may trade at a premium or discount to their NAV in the secondary market.

Investors may call 888.MKT.VCTR or visit vaneck.com/etf for a free prospectus and summary prospectus. Investing involves risk, including possible loss of principal. They should consider the investment objective, risks, and charges and expenses of Market Vectors ETFs carefully before investing. The prospectus and summary prospectus contains this and other information. Please read the prospectus and summary prospectus carefully before investing.

Contacts:

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