ProShares Announcement

  
    
  
  
    
      Due to the emergency action announced by the Securities and Exchange 
      Commission on September 18, 2008, temporarily prohibiting short sales of 
      shares of certain financial companies, Short Financials ProShares (SEF) 
      and UltraShort Financials ProShares (SKF) are not expected to accept 
      orders from Authorized Participants to create shares until further 
      notice. Unless notified otherwise, shares will be available for 
      redemption by Authorized Participants as normal. The shares of these 
      ProShares are expected to trade in the financial markets today, but may 
      trade at prices that are not in line with their intraday indicative 
      values.