PJF Powershares Dynamic Large Cap Portfolio

Invesco PowerShares, a leading provider of exchange-traded funds (ETFs), announced today that it has entered into an agreement with Keefe, Bruyette & Woods, Inc. (KBW) for exclusive licensing to four indexes covering the financial services, REIT, and property & casualty insurance market sectors. Invesco PowerShares anticipates listing the first of the new ETFs based on these indexes before the end of 2010. The index names and anticipated PowerShares ETF portfolio names are listed below.

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Underlying Index                      PowerShares Portfolio
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KBW Premium Yield Equity REIT Index   PowerShares KBW Premium Yield Equity
                                      REIT Portfolio
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KBW Financial Sector Dividend Yield   PowerShares KBW High Dividend Yield
Index                                 Financial Portfolio
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KBW Global ex-U.S. Financial Sector   PowerShares KBW Global ex-U.S.
Index                                 Financial Sector Portfolio
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KBW Property & Casualty Index         PowerShares KBW Property & Casualty
                                      Insurance Portfolio
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"We are very excited to partner with KBW, a recognized leader in financial services company research, to provide investors unique ways to access the financial services sector," said Ben Fulton, Invesco PowerShares managing director of global ETFs. "KBW is highly regarded for its expertise on the financial services sector, and we look forward to a long and successful global partnership."

"There are many uncorrelated business risks within the financial services sector and these products allow market participants to better make and hedge investments directly into specific sub-sectors," said John Howard, co-head of research at KBW. "Invesco PowerShares has a strong reputation for providing investors with innovative and affordable ETFs and we are very pleased it has selected KBW as an index provider."

KBW 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 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 for financial services companies.

Invesco PowerShares Capital Management LLC is leading the Intelligent ETF Revolution® through its family of more than 120 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 $44 billion as of June 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. Shares are not actively managed and are subject to risks similar to those of stocks. For a description of the risks of investing in the Funds, please see the Funds' prospectuses. Ordinary brokerage commissions apply.

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

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

PowerShares KBW Premium Yield Equity REIT Portfolio

Investments in real estate related instruments may be affected by economic, legal, cultural, environment or technological factors that affect the property values, rents or occupancies of real estate related to the Fund's holdings.

At times, high yielding dividend paying securities may be out of favor and underperform other market segments (e.g., growth stocks). Investments focused in a particular industry are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

Investing in securities of small and medium-sized companies may involve greater risk than is customarily associated with investing in large companies.

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

PowerShares KBW High Dividend Yield Financial Portfolio

At times, high yielding dividend paying securities may be out of favor and underperform other market segments (e.g., growth stocks). Investments focused in a particular industry are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

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

There are certain risks inherent in investing in BDCs, whose principal business is to invest in and lend capital to privately-held companies.

Investments in real estate related instruments may be affected by economic, legal, cultural, environment or technological factors that affect the property values, rents or occupancies of real estate related to the Fund's holdings.

PowerShares KBW Global ex-U.S. Financial Sector Portfolio

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

Not FDIC Insured | May Lose Value | No Bank Guarantee

Note: Not all products available through all firms.

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 II.

The information in the prospectus is not complete and may be changed. The Funds may not sell their shares until the registration statement filed with the Securities and Exchange Commission is effective. The prospectus is not an offer to sell the Funds' shares, nor are the Funds soliciting an offer to buy their shares in any jurisdiction where the offer or sale is not permitted.

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Media Contacts: Kristin Sadlon Porter Novelli 212-601-8192 Email Contact Bill Conboy 303-415-2290 Email Contact