PSTL Powershares Global Steel Portfolio (MM)

Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), announced today it has expanded its partnership with Keefe, Bruyette & Woods, Inc. (KBW) to become the exclusive licensee of four KBW indexes providing targeted access to the bank, capital markets and insurance sectors, effective November 1, 2011.

"We are looking forward to providing investors a way to gain continued access to these key financial sub-sector indexes," said Ben Fulton, Invesco PowerShares managing director of global ETFs, "we expect these ETFs to start trading November 1st."

Investors who wish to maintain their exposure to the KBW indexes listed below ("KBW Financial Indexes") should take note of the table below when making an investment decision.

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 Index Name           New ETF Name            "Old" Ticker*  "New" Ticker**
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 KBW Bank Index       PowerShares KBW Bank
                      Portfolio                    KBE            KBWB
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 KBW Capital Markets  PowerShares KBW Capital
 Index                Markets Portfolio            KCE            KBWC
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 KBW Insurance Index  PowerShares KBW
                      Insurance Portfolio          KIE            KBWI
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 KBW Regional         PowerShares KBW
 Banking Index        Regional Banking             KRE            KBWR
                      Portfolio
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*Old Ticker - These are the tickers for certain State Street ETFs that will remain in existence but will no longer track the KBW Indexes as of today's date. State Street and PowerShares are not affiliated entities. The PowerShares ETFs are not a continuation of the State Street ETFs.

**New Ticker - These are tickers for the PowerShares KBW ETFs which are expected to begin trading on November 1, 2011. Investors wishing to maintain or gain exposure to the KBW Financial Indexes should use these tickers.

The PowerShares KBW Bank Portfolio (KBWB) is based on the KBW Bank Index. The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a float adjusted modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as banks or thrifts that are publicly-traded in the U.S. The Index is compiled, maintained and calculated by Keefe, Bruyette & Woods, Inc. and is composed of approximately 24 companies representing leading national money centers and regional banks or thrifts.

The PowerShares KBW Regional Banking Portfolio (KBWR) is based on the KBW Regional Banking Index. The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is an equal weighted float-adjusted market capitalization index that seeks to reflect the performance of publicly traded companies that do business as regional banks or thrifts listed on U.S. stock markets. The Index is compiled, maintained and calculated by KBW and is composed of approximately 50 companies.

The PowerShares KBW Capital Markets Portfolio (KBWC) is based on the KBW Capital Markets Index. The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a float adjusted modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as broker-dealers, asset managers, trust and custody banks or exchanges that are publicly traded. The Index is compiled, maintained and calculated by KBW.

The PowerShares KBW Insurance Portfolio (KBWI) is based on the KBW Insurance Index. The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a float adjusted modified-market capitalization-weighted index that seeks to reflect the performance of companies in the insurance industry that are publicly traded in the U.S. The Underlying Index is compiled, maintained and calculated by KBW and is composed of 24 companies representing approximately three-quarters of the market capitalization of the entire U.S. public insurance company universe.

KBW, Inc. operates in the U.S., Europe and Asia through its broker dealer subsidiaries, Keefe, Bruyette & Woods, Inc., Keefe, Bruyette & Woods Limited and Keefe, Bruyette & Woods Asia Limited. It also offers asset management services through KBW Asset Management, Inc. Founded in 1962, the firm is widely recognized as a leading authority in the banking, insurance, brokerage, asset management, mortgage banking, real estate and specialty finance sectors. The firm has established industry-leading positions in the areas of research, corporate finance, mergers and acquisitions as well as sales and trading in equities and debt securities of financial services companies.

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 $57 billion as of June 30, 2011, 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 is 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 more than 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. Shares are not actively managed and are subject to risks including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions may apply.

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

The Funds may contain securities in the financial, insurance, banking, and capital market sectors. Companies engaged in these sectors are subject to greater risks, and are more greatly impacted by market volatility, than more diversified investments.

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 Units only, typically consisting of aggregations of 50,000 shares. Invesco Distributors, Inc. is the distributor of the PowerShares Exchange-Traded Fund Trust II. Note: Not all products available through all firms.

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 Fund's investment objective, risks, charges and expenses carefully before investing. For this and more complete information about the Fund 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 Cohn & Wolfe 212.798.9864 Email Contact Bill Conboy 303-415-2290 Email Contact