UPW ProShares Ultra Utilities

ProShares announced today that the listing of the following 64 ProShares exchange-traded funds currently listed on the American Stock Exchange (Amex) will be transferred to NYSE Arca in the fourth quarter following the recent close of NYSE Euronext's acquisition of the Amex: Names of ProShares, their objectives and ticker symbols: Short MarketCap ProShares � Daily Objective * � Ticker Symbol Short QQQ � Inverse of the NASDAQ-100(R) Index � PSQ Short Dow30 Inverse of the Dow Jones Industrial Average(SM) DOG Short S&P500 Inverse of the S&P 500(R) Index SH Short MidCap400 Inverse of the S&P MidCap 400 Index MYY Short SmallCap600 Inverse of the S&P SmallCap 600 Index SBB Short Russell2000 Inverse of the Russell 2000(R) Index RWM UltraShort QQQ Double the inverse of the NASDAQ-100(R) Index QID UltraShort Dow30 Double the inverse of the Dow Jones Industrial Average(SM) DXD UltraShort S&P500 Double the inverse of the S&P 500(R) Index SDS UltraShort MidCap400 Double the inverse of the S&P MidCap 400 Index MZZ UltraShort SmallCap600 Double the inverse of the S&P SmallCap 600 Index SDD UltraShort Russell2000 Double the inverse of the Russell 2000(R) Index TWM � Short Style ProShares � Daily Objective * � Ticker Symbol UltraShort Russell1000 Value Double the inverse of the Russell 1000(R) Value Index SJF UltraShort Russell1000 Growth Double the inverse of the Russell 1000(R) Growth Index SFK UltraShort Russell MidCap Value Double the inverse of the Russell Midcap(R) Value Index SJL UltraShort Russell MidCap Growth Double the inverse of the Russell Midcap(R) Growth Index SDK UltraShort Russell2000 Value Double the inverse of the Russell 2000(R) Value Index SJH UltraShort Russell2000 Growth Double the inverse of the Russell 2000(R) Growth Index SKK � Short Sector ProShares � Daily Objective * � Ticker Symbol Short Financials Inverse of the Dow Jones U.S. Financials Index(SM) SEF Short Oil & Gas Inverse of the Dow Jones U.S. Oil & Gas Index(SM) DDG UltraShort Basic Materials Double the inverse of the Dow Jones U.S. Basic Materials Index(SM) SMN UltraShort Consumer Goods Double the inverse of the Dow Jones U.S. Consumer Goods Index(SM) SZK UltraShort Consumer Services Double the inverse of the Dow Jones U.S. Consumer Services Index(SM) SCC � UltraShort Financials Double the inverse of the Dow Jones U.S. Financials Index(SM) SKF UltraShort Health Care Double the inverse of the Dow Jones U.S. Health Care Index(SM) RXD UltraShort Industrials Double the inverse of the Dow Jones U.S. Industrials Index(SM) SIJ UltraShort Oil & Gas Double the inverse of the Dow Jones U.S. Oil & Gas Index(SM) DUG UltraShort Real Estate Double the inverse of the Dow Jones U.S. Real Estate Index(SM) SRS UltraShort Semiconductors Double the inverse of the Dow Jones U.S. Semiconductors Index(SM) SSG UltraShort Technology Double the inverse of the Dow Jones U.S. Technology Index(SM) REW UltraShort Telecommunications Double the inverse of the Dow Jones U.S. Select Telecommunications Index(SM) TLL UltraShort Utilities Double the inverse of the Dow Jones U.S. Utilities Index(SM) SDP � Short International ProShares � Daily Objective * � Ticker Symbol Short MSCI EAFE Inverse of the MSCI EAFE Index EFZ Short MSCI Emerging Markets Inverse of the MSCI Emerging Markets Index EUM UltraShort MSCI EAFE Double the inverse of the MSCI EAFE Index EFU UltraShort MSCI Emerging Markets Double the inverse of the MSCI Emerging Markets Index EEV UltraShort MSCI Japan Double the inverse of the MSCI Japan Index EWV UltraShort FTSE/Xinhua China 25 Double the inverse of the FTSE/Xinhua China 25 Index FXP � Short Fixed-Income ProShares � Daily Objective * � Ticker Symbol UltraShort Lehman 7-10 Year Treasury Double the inverse of the Lehman Brothers 7-10 Year U.S. Treasury Index PST � UltraShort Lehman 20+ Year Treasury Double the inverse of the Lehman Brothers 20+ Year U.S. Treasury Index TBT � � Ultra MarketCap ProShares � Daily Objective * � Ticker Symbol Ultra QQQ Double the NASDAQ-100(R) Index QLD Ultra Dow30 Double the Dow Jones Industrial Average(SM) DDM Ultra S&P500 Double the S&P 500(R) Index SSO Ultra MidCap400 Double the S&P MidCap 400 Index MVV Ultra SmallCap600 Double the S&P SmallCap 600 Index SAA Ultra Russell2000 Double the Russell 2000(R) Index UWM � Ultra Style ProShares � Daily Objective * � Ticker Symbol Ultra Russell1000 Value Double the Russell 1000(R) Value Index UVG Ultra Russell1000 Growth Double the Russell 1000(R) Growth Index UKF Ultra Russell MidCap Value Double the Russell Midcap(R) Value Index UVU Ultra Russell MidCap Growth Double the Russell Midcap(R) Growth Index UKW Ultra Russell2000 Value Double the Russell 2000(R) Value Index UVT Ultra Russell2000 Growth Double the Russell 2000(R) Growth Index UKK � Ultra Sector ProShares � Daily Objective * � Ticker Symbol Ultra Basic Materials Double the Dow Jones U.S. Basic Materials Index(SM) UYM Ultra Consumer Goods Double the Dow Jones U.S. Consumer Goods Index(SM) UGE Ultra Consumer Services Double the Dow Jones U.S. Consumer Services Index(SM) UCC Ultra Financials Double the Dow Jones U.S. Financials Index(SM) UYG Ultra Health Care Double the Dow Jones U.S. Health Care Index(SM) RXL Ultra Industrials Double the Dow Jones U.S. Industrials Index(SM) UXI Ultra Oil & Gas Double the Dow Jones U.S. Oil & Gas Index(SM) DIG Ultra Real Estate Double the Dow Jones U.S. Real Estate Index(SM) URE Ultra Semiconductors Double the Dow Jones U.S. Semiconductors Index(SM) USD Ultra Technology Double the Dow Jones U.S. Technology Index(SM) ROM Ultra Telecommunications Double the Dow Jones U.S. Select Telecommunications Index(SM) LTL Ultra Utilities Double the Dow Jones U.S. Utilities Index(SM) UPW *Before fees and expenses. Fixed-income funds may benefit from interest earned on cash and investments. Specific dates for the transfer in listing of each of the securities will be provided in advance of the change. About ProShares and ProFunds Group ProShares is part of the $25 billion ProFunds Group, the world's largest manager of short and leveraged ETFs and mutual funds.1 ProFunds Group also includes the family of more than 100 ProFunds mutual funds and manages the Canada-based Horizons BetaPro Funds. ProFunds Group includes ProFunds mutual funds and ProShares ETFs. All investing involves risk, including the possible loss of principal. Short ProShares should lose value when their market indexes rise, and they entail certain risks, including, in some or all cases, aggressive investment techniques, inverse correlation and market price variance risks, all of which can increase volatility and decrease performance. ProShares are not diversified investments. Narrowly focused investments, including sector ETFs, typically exhibit higher volatility. ProShares are designed to meet daily objectives; results over longer periods may differ. There is no guarantee that any ProShares ETF will achieve its investment objective. Carefully consider the investment objectives, risks, charges and expenses of ProShares and ProFunds before investing. This and other information can be found in their prospectuses. Read the prospectus(es) carefully before investing. For a ProShares ETF prospectus, visit www.proshares.com and seek advice from your financial adviser or broker/dealer representative. Financial professionals can also call 866-PRO-5125. For a ProFunds mutual funds prospectus, call 888-PRO-FNDS (individual investors) or 888-PRO-5717 (financial professionals), or visit www.profunds.com. Read the prospectus(es) carefully before investing. ProFunds Distributors, Inc. is distributor for ProFunds mutual funds. ProShares ETFs are distributed by SEI Investments Distribution Co., which is not affiliated with ProFunds Group or its affiliates. "QQQ�" and "NASDAQ-100�" are trademarks of The NASDAQ OMX Group, Inc. "S&P 500�" Index, S&P MidCap 400TM Index and S&P SmallCap 600TM Index are trademarks of The McGraw-Hill Companies, Inc. "Dow Jones Industrial AverageSM," "The Dow 30SM," "Dow Jones U.S. Sector Indexes" and "Dow Jones Select Sector Indexes" are service marks of Dow Jones & Company, Inc. The Russell 2000� Index, Russell 2000� Growth Index, Russell 2000� Value Index, Russell 1000� Growth Index, Russell 1000� Value Index, Russell Midcap� Growth Index, and Russell Midcap� Value Index are trademarks of the Russell Investment Group. MSCI, MSCI Inc., MSCI Index and EAFE are service marks of MSCI. Lehman Brothers and Lehman Brothers Inc. are trademarks of Lehman Brothers Inc. FTSE/Xinhua China 25 is a trademark of FTSE/Xinhua Index Limited ("FXI"). All have been licensed for use by ProShares. "FTSE�" is a trademark of the London Stock Exchange PLC and The Financial Times Limited and is used by FXI under license. "Xinhua�" is a trademark of Xinhua Finance Limited and is used by FXI under license. ProShares have not been passed on by these entities or their affiliates as to their legality or suitability. ProShares are not sponsored, endorsed, sold or promoted by these entities or their affiliates, and they make no representation regarding the advisability of investing in these products. THESE ENTITIES AND THEIR AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES. 2008-4063 1 ProFunds Group assets as of 9/30/08. "Largest manager" source: Lipper, based on a worldwide analysis of all of the known providers of publicly traded funds in these categories. The analysis covered ETFs, ETNs, and mutual funds by the number of funds and assets (as of 6/30/2008).