PSTL Powershares Global Steel Portfolio (MM)

Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), announced today the anticipated listing of the PowerShares S&P 500® Downside Hedged Portfolio (PHDG) for December 6, 2012 on the NYSE Arca. The new ETF will be a liquid alternative solution providing investors broad US equity market exposure with a downside hedge by dynamically allocating to VIX futures and cash depending on market volatility trends. PHDG will have an expense ratio of 0.39%.

"Today, advisors and their clients are just as interested in protecting their assets as they are in generating positive returns," said Ben Fulton, Invesco PowerShares managing director of global ETFs. "The PowerShares S&P 500® Downside Hedged Portfolio (PHDG) will expand our range of liquid alternative strategies, and underscores our commitment to provide groundbreaking ETFs that advisors and investors can utilize to reduce correlation, lower volatility, and serve as a downside hedge in falling markets."

"The PowerShares S&P 500® Downside Hedged Portfolio is among a new breed of investments in the alternative space" added Lorraine Wang, Invesco PowerShares senior vice president of new product development. "Unlike many alternative funds that seek to mitigate volatility by going long and short at the same time, PHDG will use a rules-based approach to dynamically shift its exposure among the S&P 500 Index, VIX futures and cash, depending on market volatility. The overall effect of the liquid alternative strategy is a portfolio with potentially below-average risk that may rise in down markets while potentially participating on the upside."

The PowerShares S&P 500® Downside Hedged Portfolio (PHDG) is an actively managed ETF that seeks to achieve positive total returns in rising or falling markets that are not directly correlated to broad equity or fixed income market returns. PHDG seeks to achieve its investment objective by using a quantitative, rules-based strategy designed to provide returns that correspond to the performance of the S&P 500® Dynamic VEQTOR Index.

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 $74 billion as of Sept 30, 2012, 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 Ltd. is a leading independent global investment management firm, 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 firm is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.

Liquid alternative strategies are generally mutual funds and exchange-traded products that employ various hedging techniques that seek to provide some liquidity in the alternatives space.

Not FDIC Insured | May Lose Value | No Bank Guarantee

The S&P 500® Dynamic VEQTOR Index provides investors with broad equity market exposure with an implied volatility hedge by dynamically allocating between equity, volatility and cash. The index allows investors to receive exposure to the equity and volatility of the S&P 500 Index in a dynamic framework.

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 Chicago Board Options Exchange (CBOE) can make methodological changes to the calculation of the VIX Index that could affect the value of the futures contracts on the VIX Index and may affect the value of your investment.

The contracts included in the VIX Index historically have traded in "contango" markets, resulting in a roll cost, which could adversely affect the value of the Shares. At any given time, the percentage increase in the amount of VIX Index Related Instruments in which the Fund invests may be less than the percentage increase in the VIX Index.

The Fund may engage in investment transactions, or enter into futures contracts. Because futures contracts project price levels in the future, market circumstances may cause a discrepancy between the price of a stock index future and the movement in the underlying index. In the event of adverse price movements, the Fund would be required to make daily cash payments to maintain its required margin.

The Fund's use of derivatives may increase the amount of risk associated with the Fund and may magnify changes in the Fund's value positively and negatively. The use of this fund may not be suitable for all investors.

ETNs are short-term investments and if leveraged may have amplified losses or gains. ETNs do not provide principal protection and may or may not make periodic coupon payments. ETNs are subject to credit risk and the value of the ETN may drop due to a downgrade in the issuer's credit rating, despite the underlying market benchmark or strategy remaining unchanged.

The Subsidiary is not registered under the Investment Company Act of 1940 and is not subject to all of the investor protections of the Investment Company Act of 1940. Thus the Fund, as an investor in the Subsidiary, would not have all of the protections offered to investors in registered investment companies.

The Fund will gain most of its exposure to the futures markets by entering into VIX Index futures. The Fund intends to restrict its income from VIX Index futures that do not generate qualifying income, to a maximum of 10% of its gross income. However, there is no guarantee the Fund will be successful in doing so, and failure to comply with this restriction would have significant negative consequences to Fund shareholders.

The Fund currently intends to effect creations and redemptions principally for cash, rather than principally in-kind because of the nature of the Fund's investments. As such, investments in the Fund may be less tax efficient than investments in ETFs that create and redeem in-kind.

The Fund is designed to achieve positive total returns in rising or falling markets. Significant short-term price movements could adversely affect the performance of the Fund and cause substantial losses. Note: Not all products available through all firms

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

S&P® is a registered trademark of Standard & Poor's Financial Services LLC (S&P) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones). These trademarks have been licensed for use by S&P Dow Jones Indices LLC. S&P® and Standard & Poor's® are trademarks of S&P and Dow Jones® is a trademark of Dow Jones. These trademarks have been sublicensed for certain purposes by Invesco PowerShares Capital Management LLC (Invesco PowerShares). The Index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Invesco PowerShares. The Fund is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates make any representation regarding the advisability of investing in such product(s).

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. The prospectus contains this and other information about the Fund. 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