breaking news for both Bulls and Bears

ProShares Launches Daily 3x and -3x ETFs on NASDAQ-100®, Dow Jones Industrial Average®, S&P MidCap 400TM and Russell 2000


PRESS RELEASE

Now Only Provider Offering Daily 3x and -3x ETFs on Five Most Traded Broad U.S. Market Indexes

Bethesda, MD, February 11, 2010 — ProFunds Group, the world\'s largest manager of leveraged and inverse funds1, announced today that it is launching eight new ProShares ETFs. A pair of ETFs, one with a daily 3x objective and one with a daily -3x objective (before fees and expenses), is being launched on each of the following indexes: the NASDAQ-100®, Dow Jones Industrial Average®, S&P MidCap 400TM and Russell 2000®. Three of the pairs will list today on NYSE Arca and one on The NASDAQ Stock Market®.

With today’s launch, ProShares becomes the first and only ETF provider offering ETFs with daily 3x and -3x objectives on each of the NASDAQ-100, the Dow Jones Industrial Average, the S&P MidCap 400 and the S&P 500. ProShares previously launched ETFs offering daily 3x and 3x exposure to the S&P 500 in 2009. ProShares offerings now include 3x and -3x ETFs for each of the five most traded broad U.S. indexes.2

Many savvy investors believe that taking advantage of tactical allocation opportunities will be the key to successful investing in the near term. These new ETFs provide knowledgeable investors with additional tools to act on short-term moves in popular U.S. indexes, said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares\' investment advisor.

ProShares Ticker Symbol Index Objective(price movement)* Exchange
New +3x UltraPro ProShares

UltraPro QQQ


TQQQ


NASDAQ-100 Index


+300% Daily
NASDAQ

UltraPro Dow30


UDOW


Dow Jones Industrial Average


+300% Daily
NYSE Arca

UltraPro MidCap400


UMDD


S&P MidCap 400 Index


+300% Daily
NYSE Arca

UltraPro Russell2000


URTY


Russell 2000 Index


+300% Daily
NYSE Arca
New -3x UltraPro ProShares

UltraPro Short QQQ


SQQQ


NASDAQ-100 Index


-300% Daily
NASDAQ

UltraPro Short Dow30


SDOW


Dow Jones Industrial Average


-300% Daily
NYSE Arca

UltraPro Short MidCap400


SMDD


S&P MidCap 400 Index


-300% Daily
NYSE Arca

UltraPro Short Russell2000


SRTY


Russell 2000 Index


-300% Daily
NYSE Arca
Existing +3x and -3x UltraPro ProShares

UltraPro S&P500


UPRO


S&P 500 Index


+300% Daily
NYSE Arca

UltraPro Short S&P500


SPXU


S&P 500 Index


-300% Daily
NYSE Arca
*Before fees, expenses and interest income