PSTL Powershares Global Steel Portfolio (MM)

Invesco PowerShares Capital Management LLC, a leading provider of exchange-traded funds (ETFs) with more than $50 billion in franchise assets, announced today that it expects to deliver zero long-term capital gains distributions across 109 of 112 equity and fixed-income ETFs for 2010.

The three PowerShares ETFs expected to make long-term capital gains distributions this year represent less than 0.2% of franchise assets. Two of the three listed below will see long-term capital gains distributions well under 1% of NAV per share. The remaining fund, the PowerShares Global Gold and Precious Metals Portfolio (PSAU), is expected to pay less than 2% of its NAV. "When you combine strong performance with the in-kind redemption restrictions that exist in hard-to-reach foreign markets, as is the case with PSAU, avoiding a capital gain distribution becomes very difficult," noted Ben Fulton, Invesco PowerShares managing director of ETFs.

Fund name and Ticker Symbol                        Long-Term Capital Gains
                                                   ($/share)
PowerShares Global Coal Portfolio (PKOL)           $0.21
PowerShares Global Gold and Precious Metals
 Portfolio (PSAU)                                  $0.66
PowerShares Active Low Duration Fund (PLK)         $0.04

Two additional funds, the PowerShares S&P 500 BuyWrite Portfolio (PBP) and the PowerShares CEF Income Composite Portfolio (PCEF), may pay capital gains this year.

PBP is unique in that it accounts for its gains or losses on its investments for federal income tax purposes on a daily mark-to-market basis.

Due to the unique characteristics of its underlying holdings, PCEF may make a capital gains distribution, but the data necessary to estimate the amount of any distribution will not be available until later this month.

The ex-date for the 2010 capital gains distributions is anticipated to be Tuesday, December 28, 2010. The record date is anticipated to be Thursday, December 30, 2010, and the pay date is anticipated to be Friday, December 31, 2010.

Invesco PowerShares Capital Management LLC is leading the Intelligent ETF Revolution® through its family of more than 148 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 $50 billion as of Sept. 30, 2010, PowerShares ETFs trade on both U.S. stock exchanges. For more information, please visit us at www.invescopowershares.com.

Invesco PowerShares is part of Invesco Ltd., a leading independent global investment manager, 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 20 countries, the company is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.

There are risks involved with investing in ETFs, including possible loss of money. Index-based ETFs are not actively managed. Actively managed ETFs do not necessarily seek to replicate the performance of a specified index. Both index-based and actively managed ETFs are subject to risks similar to stocks, including those related to short selling and margin maintenance. Ordinary brokerage commissions apply.

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

Invesco PowerShares does not offer tax advice. Please consult a tax advisor for advice regarding your specific situation.

Not FDIC Insured | May Lose Value | No Bank Guarantee

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

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

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

An investor should consider the Funds' investment objectives, risks, charges and expenses. 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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Media Contacts: Kristin Sadlon Porter Novelli 212-601-8192 Email Contact Bill Conboy 303-415-2290 Email Contact