PROSHARES ULTRASHORT OIL & GAS
			Symbol			DUG

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Certain Proshares ETF Funds Submission Deadlines for Investors Announced by Bernstein Liebhard LLP

2009-11-12 17:14 ET - News Release

NEW YORK, NY -- (MARKET WIRE) -- 11/12/09

Bernstein Liebhard LLP has filed a case against ProShares Trust ("ProShares") concerning ProShares' DUG (NYSE: DUG) fund. This complaint alleges that ProShares, as well as others, violated the Securities Act of 1933 by failing to disclose the following risks, inter alia, in the Registration Statement, Prospectuses, and Statements of Additional Information issued in connection with shares of the DUG fund: (1) if shares of the DUG fund were held for a time period longer than one day, the likelihood of catastrophic losses was huge; and (2) the extent to which performance of the DUG fund would inevitably diverge from the performance of its benchmark -- i.e., the overwhelming probability, if not certainty, of spectacular divergence.

The current lead plaintiff deadlines for the various ProShares funds are as follows:

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