Invesco PowerShares Lowers Fees on Six ETF Portfolios

CHICAGO, IL -- (Marketwire) -- 11/28/12 -- Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), today announced lower total expense ratios (TER) for six PowerShares ETF portfolios effective November 21, 2012.

The names and ticker symbols for the PowerShares ETFs lowering fees are listed below:

Fundamentals Weighted

Ticker Fund Name                                           Old TER New TER
PXF    FTSE RAFI Developed Markets ex-U.S. Portfolio       0.75%   0.45% (1)
PXH    FTSE RAFI Emerging Markets Portfolio                0.85%   0.49% (2)
PAF    FTSE RAFI Asia Pacific ex-Japan Portfolio           0.80%   0.49% (2)
       FTSE RAFI Developed Markets ex-U.S. Small-Mid
PDN    Portfolio                                           0.75%   0.49% (2)

Factor Driven

Ticker Fund Name                                           Old TER New TER
IDHQ   S&P International Developed High Quality Portfolio  0.75%   0.45% (1)
SPHQ   S&P 500 High Quality Portfolio                      0.50%   0.29% (3)

"We continuously analyze ways to improve our overall ETF product lineup for investors," said Ben Fulton, Invesco PowerShares managing director of global ETFs. "We believe the lower fees announced today better align the six funds with our existing offerings, and help position the PowerShares family of ETFs for continued growth."

"To broaden their exposure, investors will often use multiple ETFs within a specific fund category -- such as our Fundamentals Weighted and Factor-Driven categories," added John Feyerer, head of product strategy & research at Invesco PowerShares. "Consistent with this finding, we are lowering fees on our international Fundamentals Weighted and High Quality Factor-Driven ETFs."

Fundamentals Weighted
Invesco PowerShares offers 17 Fundamentals Weighted ETFs based on the FTSE RAFI® Index series. Unlike traditional benchmark indexes, FTSE RAFI® Indexes use a weighting structure that embodies four fundamental measures of size: sales, cash flow, book value and dividends. By breaking the link between price and portfolio weight, the strategy does not allow the market to dictate the weight a stock receives in an index.

Factor Driven
Invesco PowerShares offers 12 Factor Driven ETFs. Factor-Driven Indexing is a strategy that looks at time-tested indexes, such as the S&P 500 Index, and uses a specific factor in order to determine stock selection and weighting. By using a factor such as volatility or beta, rather than market capitalization, when constructing an index, an entirely new set of objectives and returns may be achieved.

The PowerShares High Quality Portfolios are based on S&P indexes. Quality is determined by S&P Capital IQ's International Quality Rankings, which reflect the long-term growth and stability of a company's earnings and dividends. Common stocks do not assure dividend payments. Dividends are paid only when declared by an issuer's board of directors and the amount of any dividend may vary over time.

Invesco PowerShares Capital Management LLC is Leading the Intelligent ETF Revolution® through its family of more than 140 domestic and international exchange-traded funds, which seek to outperform traditional benchmark indexes while providing advisors and investors access to an innovative array of focused investment opportunities. With franchise assets over $74 billion as of Sept 30, 2012, PowerShares ETFs trade on both U.S. stock exchanges. For more information, please visit us at invescopowershares.com or follow us on Twitter @PowerShares.

Invesco, Ltd. is a leading independent global investment management firm, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our retail, institutional and high net worth clients around the world. Operating in more than 20 countries, the firm is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.

(1) Effective November 21, 2012, the Adviser has agreed voluntarily to waive permanently a portion of the Fund's unitary management fee. After giving effect to such waiver, the net unitary management fee for the Fund will be 0.45%.

(2) Effective November 21, 2012, the Adviser has agreed voluntarily to waive permanently a portion of the Fund's unitary management fee. After giving effect to such waiver, the net unitary management fee for the Fund will be 0.49%.

(3) Effective November 21, 2012, the Adviser has agreed voluntarily to waive permanently a portion of the Fund's management fee. After giving effect to such waiver, the net management fee for the Fund will be 0.29%. The Adviser has also contractually agreed to waive fees and/or pay certain Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding interest expenses, offering costs, brokerage commissions and other trading expenses, taxes, Acquired Fund Fees and Expenses, if applicable, and extraordinary expenses) from exceeding 0.29% of the Fund's average daily net assets through at least August 31, 2013.

Beta is a measure of relative risk and the slope of regression.

The S&P 500® Index is an unmanaged index considered representative of the U.S. stock market.

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply.

Foreign securities have additional risks, including exchange-rate changes, decreased market liquidity, political instability and taxation by foreign governments.

Investing in securities of small or medium capitalization companies may involve greater risk than is customarily associated with investing in large companies.

Returns on investments in securities of large U.S. companies could trail the returns on investments in stocks of smaller companies.

Investment in securities in emerging market countries involves risks not associated with investments in securities in developed countries.

The Funds are considered non-diversified and may be subject to greater risks than a diversified fund.

A natural or other disaster could occur in a geographic region in which a Fund invests, which could adversely impact Fund's investments in the affected region.

Each Fund is subject to certain specific risks. Please see each Fund's prospectus for more information regarding the risks associated with an investment in the Funds.

Note: Not all products are available through all firms.

Not FDIC Insured | May Lose Value | No Bank Guarantee

Shares are not individually redeemable and owners of the shares may acquire those shares from the Fund and tender those shares for redemption to the Fund in Creation Unit aggregations only, typically consisting of 50,000 shares.

Invesco Distributors, Inc. is the distributor of the PowerShares Exchange-Traded Fund Trust and PowerShares Exchange-Traded Fund Trust II.

PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC. Invesco PowerShares Capital Management LLC and Invesco Distributors, Inc. are indirect, wholly owned subsidiaries of Invesco Ltd.

An investor should consider the Funds' investment objectives, risks, charges and expenses carefully before investing. For this and more complete information about the Funds call 800 983 0903 or visit invescopowershares.com for a prospectus. Please read the prospectus carefully before investing.

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