ProShares Trust Expects Zero 2017 Capital Gain Distributions

Fourth Consecutive Year of Zero Capital Gains

ProShares, a premier provider of ETFs, announced today that it expects that none of its 112 equity and fixed income ETFs will pay a 2017 capital gain distribution.

“A key reason investors are attracted to ETFs is tax efficiency, so we are pleased to offer one of the most tax-efficient ETF line-ups in the industry,” said Michael L. Sapir, co-founder and CEO of ProShare Advisors LLC, the advisor to ProShares. “For the fourth year in a row, our management delivered zero capital gain distributions to the shareholders of all 112 of our equity and fixed income funds.”

Capital gain distribution estimates are subject to change. The distribution dates for fourth quarter income dividends are available at ProShares.com. Capital gain distribution and income amounts will vary from year to year. For specific tax advice, ProShares recommends that investors seek advice from a qualified professional.

About ProShares

ProShares has been at the forefront of the ETF revolution since 2006. ProShares now offers one of the largest lineups of ETFs, with more than $29 billion in assets. The company is the leader in strategies such as dividend growth, alternative and geared (leveraged and inverse). ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.

December 15, 2017

ProShares is the leader in dividend growth, alternative and geared (leveraged and inverse) strategies, source: ProShares, Strategic Insight and Lipper, based on number of funds and/or assets, as of December 31, 2016.

Investing involves risk, including the possible loss of principal. ProShares are generally non-diversified and entail certain risks, including risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. For more on correlation, leverage and other risks, please read the prospectus for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the fund’s advisor or sponsor.

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Media:Hewes Communications, Inc.Tucker Hewes, [e-mail]:ProShares, 866.776.5125ProShares.com