American Stock Exchange Launches Trading in Powershares' First Global ETFs

NEW YORK, June 13 2007 The American Stock Exchange® (Amex®) today announced that it has launched trading in five new exchange traded funds (ETFs) from PowerShares Capital Management LLC (PowerShares).

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"The Amex and PowerShares share a long and collaborative commitment to introducing new and innovative products to the investment community," said Scott Ebner, Senior Vice President of the Amex ETF Marketplace. "These new ETFs provide investors with a broad and diverse spectrum of international exposure."

PowerShares Global Clean Energy Portfolio (Symbol: PBD)

PBD seeks to track the WilderHill New Energy Global Innovation Index(TM), which consists of companies whose technologies focus on the generation and use of cleaner energy, conservation and efficiency, and the advancement of renewable energy in general as determined by WilderHill New Energy Finance, LLC.

PowerShares Dynamic Europe Portfolio (Symbol: PEH)

PEH seeks to track the QSG Active Europe Index, which is comprised of 250 stocks of European companies selected on the basis of their capital appreciation potential as identified by Quantitative Services Group, LLC pursuant to a proprietary quantitative methodology.

PowerShares Dynamic Asia Pacific Portfolio (Symbol: PUA)

PUA seeks to track the QSG Asia-Pacific Opportunities Index, which is comprised of 125 stocks of Asia Pacific companies selected on the basis of their capital appreciation potential as identified by the Quantitative Services Group, LLC pursuant to a proprietary quantitative methodology.

PowerShares Global Water Portfolio (Symbol: PIO)

PIO seeks to track the Palisades Global Water Index(TM), a modified equal- dollar weighted index comprised of publicly traded global water companies listed on a major international stock exchange whose business stands to benefit substantially from the quantity and/or quality issues associated with the global management of water resources.

PowerShares Dynamic Developed International Opportunities Portfolio (Symbol: PFA)

PFA seeks to track the QSG Developed International Opportunities Index, which consists of 250 global equities selected on the basis of their capital appreciation potential as identified by Quantitative Services Group, LLC pursuant to a proprietary quantitative methodology.

Goldman Sachs Execution & Clearing, LP is the specialist for PBD and PIO. Kellogg Capital Group, LLC is the specialist for PUA. LaBranche Structured Products, LLC is the specialist for PEH and PFA. Options will not be traded on these funds.

About the American Stock Exchange

The American Stock Exchange (Amex) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS. In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 320 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit www.amex.com.

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