ProShares UltraShort Dow 30 Fund (Symbol: DXD) Class Action Filed By Murray, Frank & Sailer LLP

http://www.businesswire.com/news/home/20091102006630/en

NEW YORK--(Business Wire)--
Murray, Frank & Sailer LLP has filed a class action complaint, in the Southern
District of New York on behalf of all individuals and institutions who purchased
shares in the UltraShort Dow 30 Fund (the "DXD Fund") offered by ProShares Trust
("ProShares"), pursuant or traceable to ProShares`s false and misleading
Registration Statement, Prospectuses, and Statements of Additional Information
(collectively, the "Registration Statement") issued in connection with shares of
the DXD Fund (the "Class"). The Class is seeking to pursue remedies under
Sections 11 and 15 of the Securities Act of 1933 (the "Securities Act").

The complaint names ProShares, ProShare Advisors LLC, SEI Investments
Distribution Co., Michael L. Sapir, Louis M. Mayberg, Russell S. Reynolds, III,
Michael Wachs, and Simon D. Collier, as defendants (collectively, "Defendants").
The DXD Fund is one of ProShares`s UltraShort ETFs, which ProShares claims are
designed to go up when markets go down. Specifically, the DXD Fund seeks
investment results that correspond to twice the inverse of the daily performance
of the Dow Jones Industrial Average ("DJIA"). However, although the DJIA fell
approximately 34 percent from January 2, 2008 through December 31, 2008, the DXD
Fund rose only 7 percent during this period, falling far short of ProShares`s
claims.

The complaint alleges that Defendants violated the Securities Act by failing to
disclose that if DXD Fund shares are held for a time period longer than one day,
the performance of those shares does not track the performance of the DJIA. In
addition, the complaint alleges that if DXD Fund shares are held for a time
period longer than one day, there is a significant likelihood of catastrophic
losses.

Murray, Frank & Sailer LLP is also investigating claims on behalf of investors
in all other ProShares leveraged funds (the "Funds"), including:

Fund Ticker
UltraShort QQQ NYSE: QID
UltraShort Dow30 NYSE: DXD
UltraShort S&P500 NYSE: SDS
UltraShort Russell3000 NYSE: TWQ
UltraShort MidCap400 NYSE: MZZ
UltraShort SmallCap600 NYSE: SDD
UltraShort Russell2000 NYSE: TWM
UltraPro Short S&P500 NYSE: SPXU
UltraShort Russell1000 Value NYSE: SJF
UltraShort Russell1000 Growth NYSE: SFK
UltraShort Russell MidCap Value NYSE: SJL
UltraShort Russell MidCap Growth NYSE: SDK
UltraShort Russell2000 Value NYSE: SJH
UltraShort Russell2000 Growth NYSE: SKK
UltraShort Basic Materials NYSE: SMN
UltraShort Consumer Goods NYSE: SZK
UltraShort Consumer Services NYSE: SCC
UltraShort Health Care NYSE: RXD
UltraShort Industrials NYSE: SIJ
UltraShort Semiconductors NYSE: SSG
UltraShort Technology NYSE: REW
UltraShort Telecommunications NYSE: TLL
UltraShort Utilities NYSE: SDP
UltraShort MSCI EAFE NYSE: EFU
UltraShort MSCI Emerging Markets NYSE: EEV
UltraShort MSCI Europe NYSE: EPV
UltraShort MSCI Pacific ex-Japan NYSE: JPX
UltraShort MSCI Brazil NYSE: BZQ
UltraShort FTSE/Xinhua China 25 NYSE: FXP
UltraShort MSCI Japan NYSE: EWV
UltraShort MSCI Mexico Investable Market NYSE: SMK
UltraShort 7-10 Year Treasury NYSE: PST
UltraShort 20+ Year Treasury NYSE: TBT
UltraShort DJ-UBS Commodity NYSE: CMD
UltraShort DJ-UBS Crude Oil NYSE: SCO
UltraShort Gold NYSE: GLL
UltraShort Silver NYSE: ZSL
UltraShort Euro NYSE: EUO
UltraShort Yen NYSE: YCS
Ultra QQQ NYSE: QLD
Ultra Dow30 NYSE: DDM
Ultra S&P500 NYSE: SSO
Ultra Russell3000 NYSE: UWC
Ultra MidCap400 NYSE: MVV
Ultra SmallCap600 NYSE: SAA
Ultra Russell2000 NYSE: UWM
UltraPro S&P500 NYSE: UPRO
Ultra Russell1000 Value NYSE: UVG
Ultra Russell1000 Growth NYSE: UKF
Ultra Russell MidCap Value NYSE: UVU
Ultra Russell MidCap Growth NYSE: UKW
Ultra Russell2000 Value NYSE: UVT
Ultra Russell2000 Growth NYSE: UKK
Ultra Basic Materials NYSE: UYM
Ultra Consumer Goods NYSE: UGE
Ultra Consumer Services NYSE: UCC
Ultra Financials NYSE: UYG
Ultra Health Care NYSE: RXL
Ultra Industrials NYSE: UXI
Ultra Oil & Gas NYSE: DIG
Ultra Real Estate NYSE: URE
Ultra Semiconductors NYSE: USD
Ultra Technology NYSE: ROM
Ultra Telecommunications NYSE: LTL
Ultra Utilities NYSE: UPW
Ultra DJ-UBS Commodity NYSE: UCD
Ultra DJ-UBS Crude Oil NYSE: UCO
Ultra Gold NYSE: UGL
Ultra Silver NYSE: AGQ
Ultra Euro NYSE: ULE
Ultra Yen NYSE: YCL
Ultra MSCI EAFE NYSE: EFO
Ultra MSCI Emerging Markets NYSE: EET
Ultra FTSE/Xinhua China 25 NYSE: XPP
Ultra MSCI Japan NYSE: EZJ
Ultra FTSE/Xinhua China 25 NYSE: XPP
Ultra MSCI Japan NYSE: EZJ

If you are a member of the class described above, you may move the Court, not
later than November 30, 2009, to serve as Lead Plaintiff for the Class. A Lead
Plaintiff is a representative chosen by the Court who acts on behalf of other
class members in directing the litigation. You do not need to be a Lead
Plaintiff to be included in the class. If you purchased DXD Fund shares, or any
of the Fund shares listed above, and wish to discuss this litigation, or have
any questions concerning this Notice or your rights or interests with respect to
these matters, please contact us.

Murray, Frank & Sailer LLP
Brian D. Brooks
212-682-1818
800-497-8076
newcase@murrayfrank.com
www.murrayfrank.com

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