PSTL Powershares Global Steel Portfolio (MM)

Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), announced today the PowerShares Convertible Securities Portfolio is anticipated to begin trading May 26, 2011, on the NYSE Arca under the ticker symbol CVRT. The fund is expected to issue monthly distributions.

"Convertibles are hybrid securities that combine the par value and yield characteristics of a bond with the potential to participate in equity-like returns," said Ben Fulton, Invesco PowerShares managing director of global ETFs. "We are quite pleased to be expanding our fixed-income lineup with a convertible portfolio based on the BofA Merrill Lynch All U.S. Convertibles Index(SM), one of the broadest, most widely used convertible bond benchmarks and truly representative of the overall convertible market."

"The yield on the BofA Merrill Lynch All U.S. Convertibles Index has been higher than the dividend yield on the S&P 500 Index since its inception in December 1994, and it has produced better risk-adjusted returns(1)," added Fulton. "We believe the PowerShares Convertible Securities Portfolio (CVRT) is a compelling low-cost choice for investors seeking the potential for attractive yields and the relatively low durations represented in this asset class through the benefit-rich ETF structure."

The PowerShares Convertible Securities Portfolio will seek investment results that correspond (before fees and expenses) generally to the price and yield of the BofA Merrill Lynch All U.S. Convertibles Index(SM) (Underlying Index). The Fund will invest at least 80% of its total assets in the component securities that comprise the Underlying Index, which is designed to track the performance of U.S. dollar-denominated investment grade and non-investment grade convertible securities sold into the U.S. market and publicly traded in the United States. The Index constituents are market value-weighted based on the convertible securities prices and outstanding shares, and the Underlying Index is rebalanced daily.

Convertible securities are typically issued as corporate bonds or preferred stock and may be converted into a specific number of shares of a company's common stock within a specified time period. Convertibles offer investors several potential benefits, including the potential for enhanced risk-adjusted performance, current income and opportunity for capital appreciation.

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 $60 billion as of March 31, 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.

1 Source: Bloomberg LP, as of March 31, 2011

Investments in convertible securities subject the Fund to the risks associated with both fixed-income securities and common stocks. Convertible securities may have lower yields because they offer the opportunity to be converted into stock, and if the stock is underperforming and the bond does not convert, then the bond may have a lower return than a non-convertible bond.

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 apply.

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 Unit aggregations only, typically consisting of 100,000 Shares.

The value of convertible securities tends to vary with fluctuations in the market value of the underlying securities. Convertible securities are subject to the risk of default by the issuer.

The Fund may invest in fixed-income securities, such as notes and bonds, which carry interest rate and credit risk. Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa. Credit risk is the risk of loss on an investment due to the deterioration of an issuer's financial health.

The Fund's underlying securities may be subject to call risk, which may result in the Fund having to reinvest the proceeds at lower interest rates, resulting in a decline in the Fund's income.

Non-investment grade securities have additional risks, including higher default risk and decreased market liquidity.

The Fund's use of a representative sampling approach will result in its holding a smaller number of securities than are in the underlying Index, and may be subject to greater volatility.

The Fund may be subject to Tracking Error Risk and may not match the return of the Underlying Index. The Fund is considered non-diversified and may be subject to greater risks than a diversified fund.

Foreign securities have additional risks, including exchange-rate changes, decreased market liquidity, political instability and taxation by foreign governments.

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

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

Note: Not all products available through all firms.

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 Porter Novelli 212-601-8192 Email Contact Bill Conboy 303-415-2290 Email Contact