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PowerShares Capital Management Prepares for October 26th Launch of Eight New Industry ETFs

PowerShares Capital Management LLC, an asset management firm specializing in the development and management of Exchange Traded Funds (ETFs) is set to launch eight new industry ETFs next Wednesday, October 26, 2005. Each of the funds provides investors with exposure to unique groups of industry stocks. Below are the new PowerShares and ticker symbols.

--  PXN -- PowerShares Lux Nanotech Portfolio
--  PPA -- PowerShares Aerospace and Defense Portfolio
--  PKB -- PowerShares Dynamic Building & Construction Portfolio
--  PXE -- PowerShares Dynamic Energy Exploration & Production Portfolio
--  PUI -- PowerShares Dynamic Utilities Portfolio
--  PMR -- PowerShares Dynamic Retail Portfolio
--  PXJ -- PowerShares Dynamic Oil & Gas Services Portfolio
--  PIC -- PowerShares Dynamic Insurance Portfolio
    

"The launch of these 8 new ETFs brings the PowerShares family of industry portfolios to 17, the most diverse ETF industry offering in the U.S.," said Bruce Bond, President of PowerShares Capital Management. "We are delighted to introduce these new PowerShares which we believe represent intelligent and precise exposure to select industry groups in which investors wish to be invested."

Several of the PowerShares industry group portfolios are based on the Dynamic Intellidexsm indexes which, unlike traditional benchmark based ETFs, incorporate advanced quantitative methodologies to discriminate between good and poor investments and select the stocks within an industry group identified as having the greatest capital appreciation potential. In contrast, traditional ETFs track benchmark indexes that select stocks primarily for representation, regardless of their investment merit. The existing PowerShares Industry ETFs are listed below:

--  (AMEX: PBW) PowerShares WilderHill Clean Energy
--  (AMEX: PBE) PowerShares Dynamic Biotechnology & Genome Portfolio
--  (AMEX: PBJ) PowerShares Dynamic Food & Beverage Portfolio
--  (AMEX: PEJ) PowerShares Dynamic Leisure & Entertainment Portfolio
--  (AMEX: PBS) PowerShares Dynamic Media Portfolio
--  (AMEX: PXQ) PowerShares Dynamic Networking Portfolio
--  (AMEX: PJP) PowerShares Dynamic Pharmaceuticals Portfolio
--  (AMEX: PSI) PowerShares Dynamic Semiconductors Portfolio
--  (AMEX: PSJ) PowerShares Dynamic Software Portfolio
    

PowerShares Capital Management, LLC

PowerShares Capital Management, LLC provides institutional caliber asset management and market exposure through the replication of enhanced indexes. PowerShares delivers this sophisticated asset management in one of the more benefit rich investment vehicles available today, the exchange traded fund. The firm is committed to theoretically sound portfolio construction and empirically verifiable investment management approaches. PowerShares' asset management philosophy and investment discipline are deeply rooted in the application of intuitive factor analysis and model implementation to enhance investment decisions.

Risks of Owning PowerShares

PowerShares funds are made up of publicly traded securities that can and will move higher and lower with market movements. You should anticipate that the value of the shares of each fund will advance or decline more or less in correlation with the advance or decline in value of the applicable index. The funds are not actively managed and shares of the funds may trade at or below the funds' NAV. Exchange traded funds are subject to risks similar to those of stocks, including risks associated with short-selling and margin account maintenance.

An investor should consider investment objectives, risks, charges and expenses carefully before investing. A prospectus which contains more complete information about PowerShares, including, risks, fees and expenses can be obtained by visiting the PowerShares web site at www.PowerShares.com or by calling 800-THE-AMEX. The prospectus should be read carefully before investing.

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

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

Distributed by Market Wire