there releasing more nearly every single month. There only going to get better too. PRESS RELEASE SmallCap ProShares - Bell Ringing at the AMEX New York, NY, February 22, 2007âProShares, together with the American Stock ExchangeÂ® (AmexÂ®), today announced the addition of 12 exchange traded funds (ETFs) to the ProShares lineup. The new ProShares, benchmarked to six Russell style indexes, are the first ETFs or mutual funds designed to provide short or magnified exposure to growth and value indexesâwith large-, mid- and small- cap versions of each. "Investing in a specific style mutual fund or ETF has long been an easy way to tilt a portfolio's exposure toward growth or value," said Michael Sapir, CEO of ProShare Advisors LLC, part of ProFunds Group. "The new ProShares are a uniqueâand we think usefulâaddition to the style fund arsenal. Now, by simply buying an ETF, fund investors can seek to hedge gains in other style investments with short exposure, or seek to increase the buying power of their investment dollar with magnified exposure." The new "style" funds bring ProShares' total offering to 52 ETFs, covering a wide range of indexesâfrom broad market choices to specific sectors. ProShares are the first and only ETFs designed to provide short or magnified exposure to indexes. In the eight months since the initial launch of ProShares, the family has grown to more than $3 billion in assets. "Since the beginning of the year we have more than quadrupled the size of the ProShares lineupâwe now offer the third-largest lineup of ETFs in the country," Sapir added. "Investors have been asking us to add more choices because they want to be able to get ProSharesâ built-in short or magnified exposure to more of the indexes they use." The newest ProShares provide short and magnified exposure to each of six benchmark Russell indexes. The UltraShort version of each is designed to provide twice the inverse of the daily performance of the applicable index (before fees and expenses), and the Ultra version is designed to double the daily performance of the applicable index (before fees and expenses). Ultra Style ProShares Names of ProShares Dow Jones U.S. Sector Index Daily Objective* Ticker Symbol (NAV) Ultra Russell1000 Value Russell 1000Â® Double UVG Ultra Russell1000 Growth Russell 1000Â® Growth Double UKF Ultra Russell MidCap Value Russell MidCapÂ® Value Double UVU Ultra Russell MidCap Growth Russell MidCapÂ® Growth Double UKW Ultra Russell2000 Value Russell 2000Â® Value Double UVT Ultra Russell2000 Growth Russell 2000Â® Growth Double UKK UltraShort Style ProShares Names of ProShares Dow Jones U.S. Sector Index Daily Objective* Ticker Symbol (NAV) UltraShort Russell1000 Value Russell 1000Â® Value Double the inverse SJF UltraShort Russell1000 Growth Russell 1000Â® Growth Double the inverse SFK UltraShort Russell MidCap Value Russell MidCapÂ® Value Double the inverse SJL UltraShort Russell MidCap Growth Russell MidCapÂ® Growth Double the inverse SDK UltraShort Russell2000 Value Russell 2000Â® Value Double the inverse SJH UltraShort Russell2000 Growth Russell 2000Â® Growth Double the inverse SKK *Before fees and expenses "ProShares continues to be active in bringing new and innovative products to the marketplace. The Amex is proud to be partnering with ProShares and listing its 52nd ETF at the Exchange," said Cliff Weber, senior vice president, Amex ETF Marketplace. "By using Russell's style indexes for these new ETF products, ProShares relies on the same underlying index methodology that produced the leading benchmarks for institutional investors," said Rolf Agather, director of business development for Russell indexes. "These products provide investors with some important new tools to more effectively use growth and value stocks in their investment strategies. We wish ProShares a world of success with them."