ProShares Launches First 2x and -2x Gold Miners ETFs

Four New ETFs Offer 2x and -2x Exposure to Gold Miners and Junior Gold Miners Indexes

Bethesda, MD – February 13, 2015 – ProShares, a premier provider of alternative ETFs, today announced the launch of the only ETFs in the United States offering 2x and -2x exposure to gold and silver mining stocks.

The new ProShares ETFs, all of which are listed on NYSE Arca, are:

• Ultra Gold Miners (GDXX) . which seeks to provide 2x the daily performance of the NYSE Arca Gold Miners Index SM
• UltraShort Gold Miners (GDXS) . which seeks to provide -2x the daily performance of the NYSE Arca Gold Miners Index
• Ultra Junior Miners (GDJJ) . which seeks to provide 2x the daily performance of the Market Vectors™ Global Junior Gold Miners Index

• UltraShort Junior Miners (GDJS) . which seeks to provide -2x the daily performance of the Market Vectors Global Junior Gold Miners Index

All objectives are before fees and expenses

The mining sector is popular with tactical investors, said Michael L. Sapir, co-founder and CEO of ProShare Advisors LLC, the largest provider of geared ETFs. We are pleased to offer the only ETFs providing 2x and -2x exposure to the leading gold mining indexes.

About the Indexes

The NYSE Arca Gold Miners Index is a modified market-capitalization weighted index comprising primarily publicly traded companies involved in mining and producing gold. The index also includes companies involved in mining silver. Companies that derive more significant revenues from silver mining are limited to a 20% weighting when the index is rebalanced.

The Market Vectors Global Junior Gold Miners Index includes companies that generate at least 50% of their revenues from (or, in certain circumstances, have at least 50% of their assets related to) gold mining and/or silver mining or have mining projects with the potential to generate at least 50% of their revenues from gold and/or silver when developed. Such companies may include micro- and small-capitalization companies and foreign issuers. The weight of companies determined to be silver stocks will not exceed 20% of the index at any quarterly rebalance. Between rebalances the weight may exceed 20% due to market appreciation.

About ProShares

ProShares offers the nation’s largest lineup of alternative ETFs. We help investors to go beyond the limitations of conventional investing and face today’s market challenges. ProShares helps investors build better portfolios by providing access to alternative investments delivered with the liquidity, transparency and cost effectiveness of ETFs. Our wide array of alternative ETFs can help you reduce volatility, manage risk and enhance returns.