Emerging Markets Infrastructure PowerShares Emerging Markets Infrastructure Portfolio (PXR) Broad Infrastructure Exposure PXR focuses on companies involved in construction and engineering, construction machinery, construction materials, diversified metals and mining, heavy electrical equipment, industrial machinery and steel. The fund enables exposure to multiple infrastructure-related companies through a single transaction. This approach may be less risky than investing in a single stock. Large EM Reserves Foreign-exchange reserves in emerging economies have grown six-fold to over $4 trillion over the last 10 years.a With nearly 70% of the world's foreign exchange reserves, emerging markets have the option of taking fiscal stimulus measures to offset the effects of a developed markets slowdown.a Growth, Not Maintenance PXR is concentrated in infrastructure development, not maintenance. For example, the fund may offer access to a construction company that builds power plants, as opposed to a company that operates power plants. This unique distinction may enable PXR to benefit directly from government spending on infrastructure development programs. Drivers of Infrastructure The need for infrastructure is driven by a variety of factors, many of which constitute inflexible demand requirements. Chief among the drivers for new infrastructure are three demographic trends: Population Growth Growing populations create an almost inelastic demand for additional infrastructure. Much of the world's population growth in the coming years is expected to come from emerging market economies.b Urbanization In addition to faster growing populations, emerging market countries anticipate significant migrations from rural areas into cities. These cities will need new infrastructure to support their higher population densities.b Living Standards Improving the standard of living is a core objective in developing and implementing economic policy. New infrastructure offers a way to directly and equitably improve a country's standard of living. Infrastructure Around the Worldc

a Source: IMF, April 2009 b Source: United Nations Population Division c Brazil Source: CIA World Fact Book, as of July 23, 2009 China Source: S-Network Global Indexes, LLC, as of July 2009 India Source: "Funds rediscover love for India infrastructure shares," Forbes, as of June 24, 2009 Indonesia Source: "Indonesia May Be 'Superstar' as Yudhoyono Wins Vote," Bloomberg, as of July 9, 2009 Russia Source: S-Network Global Indexes, LLC, as of July 2009 South Africa Source: "East Africa finally joins broadband revolution" The Guardian, as of July 2009 Mexico Source: "Fresh air in Mexico City, and more" The Week, as of January 23, 2009 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 those of stocks, including those related to short selling and margin maintenance. Ordinary brokerage commissions may apply. Investments in the securities of issuers in emerging market countries involve risks not associated with investments in the securities of issuers in developed countries. Emerging markets are subject to greater market volatility, lower trading volume, political and economic instability, uncertainty regarding the existence of trading markets and more governmental limitations on foreign investment than more developed markets. In addition, securities in emerging markets may be subject to greater price fluctuations than securities in more developed markets. 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 change in currency exchange rates or foreign governmental regulation. Investments in sovereign debt securities involve special risks. The governmental authority that controls the repayment of the debt may be unwilling or unable to repay the principal and/ or interest when due in accordance with the terms of such securities due to: the extent of its foreign reserves; the availability of sufficient foreign exchange on the date a payment is due; the relative size of the debt service burden to the economy as a whole; or the government debtor's policy toward the International Monetary Fund and the political constraints to which a government debtor may be subject. If an issuer of sovereign debt defaults on payments of principal and/or interest, the Fund may have limited legal recourse against the issuer and/ or guarantor. In certain cases, remedies must be pursued in the courts of the defaulting party itself, and the Fund's ability to obtain recourse may be limited. Government obligors in emerging market countries are among the world's largest debtors to commercial banks, other governments, international financial organizations and other financial institutions. Historically, certain issuers of the government debt securities in which the Fund may invest have experienced substantial difficulties in meeting their external debt obligations, resulting in defaults on certain obligations and the restructuring of certain indebtedness. Such restructuring arrangements have included obtaining additional credit to finance outstanding obligation and the reduction and rescheduling of payments of interest and principal through the negotiation of new or amended credit agreements. Please see the prospectus for more complete information regarding the risks of investing in emerging markets and sovereign debt. Deutsche Bank Securities Inc. is the Index Provider for the PowerShares Emerging Markets Sovereign Debt Portfolio. DB is not affiliated with the Trust, the Advisor or the Distributor. The Advisor has entered into a license agreement with the Index Provider to use the Deutsche Bank Emerging Market U.S. Dollar Liquid Balanced Index. The PowerShares Emerging Markets Sovereign Debt Portfolio is entitled to use the Deutsche Bank Emerging Market U.S. Dollar Liquid Balanced Index pursuant to a sublicensing arrangement with the Advisor. S-Network Global Indexes, LLCSM and S-NETWORK EMERGING INFRASTRUCTURE BUILDERS INDEXSM are service marks of S-Network Global Indexes LLC and have been licensed for use by Invesco PowerShares Capital Management LLC. The PowerShares Emerging Markets Infrastructure Portfolio is not sponsored, endorsed, sold or promoted by S-Network Global Indexes LLC and S-Network Global Indexes LLC makes no representation regarding the advisability of investing in the PowerShares Emerging Markets Infrastructure Portfolio. Invesco PowerShares Capital Management LLC is not affiliated with S-Network Global Indexes LLC. 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. ©2010 Invesco PowerShares Capital Management LLC 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. Invesco Distributors, Inc. is the distributor of the PowerShares Exchange-Traded Fund Trust, the PowerShares Exchange-Traded Fund Trust II, the PowerShares India Exchange-Traded Fund Trust and the PowerShares Actively Managed Exchange-Traded Fund Trust. Investment products offered are: Not FDIC Insured  • No Bank Guarantee  • May Lose Value View the Legal Notice