PVI Invesco Floating Rate Municipal Income ETF

Invesco PowerShares Capital Management LLC, a leading provider of exchange-traded funds (ETFs), announced the anticipated listing of four new equity ETFs designed to provide access to companies involved in the agriculture, coal, gold and precious metals and steel sectors. The portfolios are expected to begin trading Sept. 18, 2008, on the Nasdaq Stock Market.

--  PAGG - PowerShares Global Agriculture Portfolio
--  PKOL - PowerShares Global Coal Portfolio
--  PSAU - PowerShares Global Gold and Precious Metals Portfolio
--  PSTL - PowerShares Global Steel Portfolio
    

"The rising standards of living and the rapid growth of middle-class populations worldwide have created increased demand and global opportunities for companies focused on producing food and commodities," said Bruce Bond, president and CEO of Invesco PowerShares Capital Management LLC. "These four new ETF portfolios should provide investors transparent, tax-efficient access to global portfolios of companies focused on key commodity markets."

The PowerShares Global Agriculture Portfolio (PAGG) is based on the NASDAQ OMX Global Agriculture Index(SM). The Index is designed to measure the overall performance of globally traded securities of the largest and most liquid companies involved in agriculture and farming-related activities. The Index is rebalanced quarterly using a modified market capitalization-weighting methodology.

The PowerShares Global Coal Portfolio (PKOL) is based on the NASDAQ OMX Global Coal Index(SM). The Index is designed to measure the overall performance of globally traded securities of the largest and most liquid companies involved in the exploration for and mining of coal, and other related activities in the coal industry. The Index is rebalanced quarterly using a modified market capitalization-weighting methodology.

The PowerShares Global Gold and Precious Metals Portfolio (PSAU) is based on the NASDAQ OMX Global Gold and Precious Metals Index(SM). The Index is designed to measure the overall performance of globally traded securities of the largest and most liquid companies involved in mining-related activities for gold and other precious metals. The Index is rebalanced quarterly using a modified market capitalization-weighting methodology.

The PowerShares Global Steel Portfolio (PSTL) is based on the NASDAQ OMX Global Steel Index(SM). The Index is designed to measure the overall performance of globally traded securities of the largest and most liquid companies involved in the manufacturing and storage of iron and steel products. The Index is rebalanced quarterly using a modified market capitalization-weighting methodology.

PowerShares Global Agriculture        PowerShares Global Gold and Precious
Portfolio (PAGG) as of 6/30/08        Metals Portfolio (PSAU) as of 6/30/08
                           Index                                 Index
Company                   Weight(%)   Company                   Weight(%)
-------                   --------    -------                   --------
Potash Corp. of                       Barrick Gold Corp.          8.00
 Saskatchewan               8.00      Goldcorp Inc.               8.00
Syngenta AG                 8.00      Impala Platinum             8.00
Monsanto Co. (New)          8.00      Newmont Mining Corp.        8.00
Mosaic Co.                  7.61      Kinross Gold Corp.          6.85
Archer-Daniels-Midland Co.  7.36      Newcrest Mining Ltd.        4.00
Incitec Pivot               4.00      Yamana Gold Inc.            4.00
Agrium Inc.                 4.00      Agnico-Eagle Mines Ltd.     4.00
K & S AG                    4.00      Anglo American Platinum     4.00
Israel Chemical Corp.       4.00      Lonmin                      4.00
Yara International ASA      4.00


PowerShares Global Coal Portfolio     PowerShares Global Steel Portfolio
(PKOL) as of 6/30/08                  (PSTL) as of 6/30/08
                           Index                                 Index
Company                   Weight(%)   Company                   Weight(%)
-------                   --------    -------                   --------
Peabody Energy Corp.        8.00      Novolipetsk Iron & Steel    8.00
CONSOL Energy Inc.          8.00      ArcelorMittal               8.00
Cameco Corp.                8.00      POSCO                       6.57
China Shenhua Energy H      8.00      Nippon Steel Corp.          5.40
Arch Coal                   8.00      JFE Holdings Inc.           4.75
Bumi Resources TBK          4.00      ThyssenKrupp AG             4.30
Massey Energy Co.           4.00      United States Steel Corp.   3.86
Alpha Natural Resources     4.00      Siderurgica Nacional, CIA   3.67
China Coal Energy Company H 4.00      Magnitogorsk Iron & Steel
Patriot Coal Corp.          4.00       Works                      3.51
                                      Fortescue Metals Group      3.48

Source: The NASDAQ OMX Group, Inc., based on hypothetical Index information
as of June 30, 2008. Holdings are subject to change.

Invesco PowerShares is leading the intelligent ETF revolution through its family of more than 100 domestic and international index-based and actively managed exchange-traded funds. With assets under management as of June 30, 2008, of $13.95 billion, PowerShares ETFs trade on all of the major U.S. stock exchanges that trade ETFs. For more information, please visit us at www.invescopowershares.com.

Invesco PowerShares is a part of Invesco Ltd., a leading independent global investment management company dedicated to helping people worldwide build their financial security. By delivering the combined power of its distinctive worldwide investment management capabilities, including AIM, Atlantic Trust, Invesco, Perpetual, PowerShares, Trimark, and WL Ross, Invesco provides a comprehensive array of enduring investment solutions for retail, institutional and high-net-worth clients around the world. Operating in 20 countries, the company is currently 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 risk similar to stocks and covered call options, as well as those risks related to short selling and margin maintenance. Ordinary brokerage commissions apply.

Small and Medium-Sized Company Risk Information

An investment in securities of small and medium-sized companies involves greater risk than is customarily associated with investing in more established, larger sized companies.

Foreign Risk Information

An investment in the securities of non-U.S. issuers involves risks beyond those associated with investments in U.S. securities, including, but not limited to: greater market volatility, the availability of less reliable financial information, higher transactional and custody costs, taxation by foreign governments, decreased market liquidity, political instability, negative impact of changes in currency exchange rates or foreign governmental regulation, currency risk, fluctuation due to changes in interest rates, effects of monetary policies issued by the United States, foreign governments, central banks or supranational entities and currency controls or other national or global political economic developments, among others.

Non-Diversified Fund Risk Information

The Fund is considered non-diversified and can invest a greater portion of assets in securities of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a diversified fund.

Industry and Sector Risk

When a Fund is focused in a specific industry or sector, it presents greater risks than if it were broadly diversified over numerous industries and sectors of the economy. There are additional risks associated with investing in companies involved in the steel, gold and precious metals, coal and agriculture industries. Please read the prospectus for a summary of these risks pertaining to each industry or sector.

PowerShares� is a registered trademark of Invesco PowerShares Capital Management LLC. NASDAQ�, OMX(TM), NASDAQ OMX Global Agriculture Index(SM), NASDAQ OMX Global Agriculture Index(SM), NASDAQ OMX Global Coal Index(SM), NASDAQ OMX Global Gold and Precious Metals Index(SM) and NASDAQ OMX Global Steel Index(SM) are trade/service marks of The NASDAZ OMX Group, Inc. (which with its affiliates is referred to as the "Corporations") and are licensed for use by Invesco PowerShares. The Fund has not been passed on by the Corporations as to their legality or suitability. The Fund is not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.

Shares are not FDIC insured, may lose value and have no bank guarantee.

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 100,000 shares.

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

Invesco PowerShares Capital Management LLC and Invesco Aim Distributors, Inc. are indirect, wholly owned subsidiaries of Invesco Ltd.

An investor should consider the Funds' investment objective, risks, charges and expenses carefully before investing. For a copy of the prospectus, which contains this and other information about the Funds, call 800.983.0903. Please read the prospectus carefully before investing.

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 portfolios' Shares, nor are the portfolios soliciting an offer to buy their Shares in any jurisdiction where the offer or sale is not permitted.

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