American Stock Exchange News Release

ETF Release
Media Contact: Bari Trontz
American Stock Exchange
212-306-8964/bari.trontz@amex.com

AMERICAN STOCK EXCHANGE LAUNCHES ELEVEN NEW ETFS FROM POWERSHARES

New York, October 12, 2006 -  The American Stock Exchange (Amex) today announced that it has launched trading in 11 new exchange traded funds (ETFs) from PowerShares Capital Management LLC (PowerShares). The ETFs are based on Dynamic Intellidex indexes and include one broad-based, two industry and eight sector portfolios.

"We are very excited to welcome PowerShares back to the Amex for their 11 new ETF listings," said Cliff Weber, Senior Vice President of the Amex ETF Marketplace. "The Amex takes great pride in supporting PowerShares' 47 ETF listings on the Exchange as we continue to bring innovative products to the marketplace."

ETF Names and Ticker Symbols:

Broad Market

  • PIQ - PowerShares Dynamic MagniQuant Portfolio

    Industry

  • PJB - PowerShares Dynamic Banking Portfolio
  • PTJ - PowerShares Dynamic Healthcare Services Portfolio

    Sector

  • PYZ - PowerShares Dynamic Basic Materials Sector Portfolio
  • PEZ - PowerShares Dynamic Consumer Discretionary Sector Portfolio
  • PSL - PowerShares Dynamic Consumer Staples Sector Portfolio
  • PXI - PowerShares Dynamic Energy Sector Portfolio
  • PFI - PowerShares Dynamic Financial Sector Portfolio
  • PRN - PowerShares Dynamic Industrials Sector Portfolio
  • PTH - PowerShares Dynamic Healthcare Sector Portfolio
  • PTF - PowerShares Dynamic Technology Sector Portfolio

    "We are very pleased to be working with the Amex to expand the PowerShares family of ETFs," said Bruce Bond, President of PowerShares. "The Intellidex stock selection methodology, which uses a sophisticated quantitative methodology to determine the investment merit of a company and whether it should be included in the index, is a cornerstone in our Intelligent ETF business."

    Goldman Sachs Execution & Clearing, LP is the specialist for PYZ, PXI, PFI and PIQ. Kellogg Capital Group is the specialist for PEZ, PRN, PTF and PJB. LaBranche Structured Products, LLC is the specialist for PSL, PTH and PTJ.

    Options will also be traded on the 11 ETFs. The specialist for PYZ, PXI and PTH Options is Group One Trading LP. The specialist for PEZ, PRN, PTF and PJB Options is Kellogg Capital Group. LaBranche Structured Products, LLC is the specialist for PSL, and PIQ Options. Susquehanna Investment Group will trade Options on PFI and PTJ.

    • About American Stock Exchange

    The American Stock Exchange® (Amex®) is the only primary exchange that 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 206 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.

    Risks of Owning PowerShares

    PowerShares Funds are made up of publicly traded securities that can and will move higher and lower with market movements. You should anticipate that the value of the shares of each fund will advance or decline more or less in correlation with the advance or decline in value of the applicable index. The Funds are not actively managed, and shares of the Funds may trade at or below the Funds' NAV. Exchange-traded funds are subject to risks similar to those of stocks, including risks associated with short-selling and margin account maintenance.

    A I M Distributors, Inc. is the distributor of the PowerShares Exchange-Traded Fund Trust.

    An investor should consider the Fund's investment objectives, risks, charges and expenses carefully before investing. For this and more complete information about the Fund, call 800.983.0903 or visit the website www.powershares.com for a prospectus. Please read the prospectus carefully before investing.