PowerShares Launches Seven New ETFs

March 3, 2005 -- PowerShares Capital Management said that seven of its new exchange-traded funds (ETFs) began trading today on the American Stock Exchange.

The seven ETFs include the PowerShares WilderHill Clean Energy Portfolio (PBW), which invests in companies of the WilderHill Clean Energy Index. The Index, created by Dr. Robert Wilder, CEO of WilderShares LLC, a private firm based in Encinitas, Calif., is comprised of companies engaged in "greener" and generally renewable sources of energy and technologies facilitating cleaner energy.

The other six new ETFs, the PowerShares Dynamic Style Portfolios, are based on indices jointly created by PowerShares Capital Management and the American Stock Exchange.

With the addition of these seven ETFs, PowerShares now operates a total of 11 ETF products.

ETF TICKER EXPENSE RATIO
PowerShares WilderHill Clean Energy Portfolio PBW 0.60%
PowerShares Dynamic Large Cap Growth Portfolio PWB 0.60%
PowerShares Dynamic Large Cap Value Portfolio PWV 0.60%
PowerShares Dynamic Mid Cap Growth Portfolio PWJ 0.60%
PowerShares Dynamic Mid Cap Value Portfolio PWP 0.60%
PowerShares Dynamic Small Cap Growth Portfolio PWT 0.60%
PowerShares Dynamic Small Cap Value Portfolio PWY 0.60%

Contact Bob Keane with questions or comments at:bkeane@investmentadvisor.com.

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