PSTL Powershares Global Steel Portfolio (MM)

Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), announced today that it will waive its unitary fee for the four new ETFs based on Keefe, Bruyette & Woods, Inc. (KBW) indexes that are expected to begin trading November 1st on the NYSE Arca. The portfolios provide investors with targeted access to the bank, capital markets and insurance sectors. The ticker symbols, names and underlying indexes are as follows:

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                                                             Unitary Fee
Index Name                  ETF Name                  Ticker Through Feb. 1,
                                                             2012
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                            PowerShares KBW Bank
KBW Bank Index              Portfolio                 KBWB   0.00%
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                            PowerShares KBW Capital
KBW Capital Markets Index   Markets Portfolio         KBWC   0.00%
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                            PowerShares KBW Insurance
KBW Insurance Index         Portfolio                 KBWI   0.00%
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                            PowerShares KBW Regional
KBW Regional Banking Index  Banking Portfolio         KBWR   0.00%
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Please see the prospectus for more information on the unitary fee waiver.

"KBW is well known for producing industry-leading research on the financial services sector and the KBW indexes are widely used by industry professionals as performance benchmarks," said Ben Fulton, Invesco PowerShares managing director of global ETFs. "Accordingly, we are very excited to expand our partnership with KBW with four additional ETFs that provide precise access to key financial sub-sectors. In order to ease the transition for investors that would like to continue to retain their portfolio's exposure to the KBW financial Indexes, we are waving the unitary fee on these four ETFs through February 1, 2012. We are able to take this unprecedented step with the full support from our key partners who are also waiving their fees."

KBW research reveals that each sub-sector of the financial services sector responds differently to various economic indicators. KBW indexes are clearly defined; offering investors pure exposure to each individual sector, without overlapping components or including unwanted securities.

"Financial services is the second largest sector in the S&P 500, accounting for 16% of the index's overall weight, and targeted allocation to this sector should be considered a core part of any diversified portfolio," said Frederick Cannon, director of research at KBW. "With these new ETFs, investors can target opportunities in specific sub-sectors, taking advantage of a changing equity environment in which many companies are undervalued and financials are becoming more attractive."

Public filings show that effective October 24, 2011, State Street changed the underlying indexes and names for the SPDR KBW funds, and began using S&P as the new index provider. Invesco PowerShares is now the new exclusive licensee of the KBW Indexes effective November 1, 2011.

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 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.

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.

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. 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: For Invesco PowerShares: Kristin Sadlon Cohn & Wolfe 212.798.9864 Email Contact Bill Conboy 303-415-2290 Email Contact For KBW: Michael Gelormino 212-909-4780 Email Contact