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American Stock Exchange News Release

ETF Release

Media Contact: Mary Chung
American Stock Exchange
212-306-1641 /mary.chung@amex.com

 

AMERICAN STOCK EXCHANGE LAUNCHES
NEW MARKET VECTORS MUNICIPAL BOND ETF
FROM VAN ECK GLOBAL

New York, January 7, 2008 -The American Stock Exchange® (Amex®) announced today that it has launched trading in Market Vectors–Lehman Brothers AMT-Free Long Municipal Index ETF (Amex: MLN) by Van Eck Global.

The investment objective of MLN is to replicate as closely as possible, before fees and expenses, the price and yield performance of the Lehman Brothers AMT-Free Long Continuous Municipal Index. The Index is a market size weighted index comprised of publicly traded municipal bonds that cover the U.S. dollar denominated long term tax exempt bond market.

MLN joins Market Vectors–Lehman Brothers AMT-Free Intermediate Municipal Index ETF (ITM) as the second Market Vectors municipal ETF trading on the Amex.  Van Eck expects to launch additional municipal ETFs later this year.

“The American Stock Exchange is delighted to partner with Van Eck Global to bring this important new ETF to the marketplace,” said Scott Ebner, Senior Vice President of the Amex’s ETF marketplace. “Van Eck Global is expanding its family of Market Vectors ETFs, and the Amex is pleased to have been selected to list this new product.”

The specialist for MLN is Kellogg Capital Group, LLC.

About 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 HOLDRSSM. 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 381 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.