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					                                                                                                                                                                  Fact Sheet
                                                                                                                                                           All data as of 6/30/10




ProShares Ultra Euro                                                                                                                                                         ULE


FUND OBJECTIVE                                         FUND PERFORMANCE AND BENCHMARK HISTORY
ProShares Ultra Euro seeks daily investment results,   ProShares Ultra Euro seeks a return of 200% of the return of a benchmark (target) for a single day
before fees and expenses, that correspond to twice     (before fees and expenses). Due to the compounding of daily returns, returns over periods other than
(200%) the U.S. dollar price of the euro.              one day will likely differ in amount and possibly direction from the target return for the same period.
                                                       Investors should monitor holdings consistent with their strategies, as frequently as daily. For more on
                                                       correlation, leverage and other risks, please read the prospectus.
FUND DETAILS
                                                                                                                                            Year to                            Since
Inception Date                         11/24/08                                                                                2Q 2010                   1-Year    3-Year
                                                                                                                                             Date                            Inception1
Trading Symbol                               ULE                                                                                     t        t            t        t            t
                                                       ProShares Ultra Euro
Intraday Symbol                           ULE.IV                                                                                -18.43%    -27.73%      -25.35%     —         -8.30%
                                                       NAV Total Return
CUSIP                                74347W874         ProShares Ultra Euro
                                                                                                                                -18.62%    -27.88%      -25.50%     —         -8.34%
Net Assets                          $16.33 million     Market Price Total Return
Expense Ratio3                            0.95%        EUR/USD 4:00 p.m. ET Exchange Rate2                                       - 9.48%   -14.58%      -12.83%     —         -3.30%



                                                       DAILY PERFORMANCE OF ULE vs. BENCHMARK DURING 2Q 2010
                                                       The following scatter graph charts the daily NAV-to-NAV results of the fund against its underlying
                                                       benchmark return on a daily basis.
                                                                                                                                4%
                                                       Daily Change in ULE NAV




                                                                                          Correlation4 = 0.99
ProShares Ultra ETFs are designed                                                         Beta5 = 2.00                          2%
to provide more exposure for your
investment dollars (before fees and
                                                                                  -2.0%        -1.5%        -1.0%                             0.5%          1.0%      1.5%         2.0%
expenses)
                                                                                                                               -2%
• Magnify exposure to a benchmark for
  a certain dollar amount                                                                                                       -4%
                                                                                                                     Daily Change in Benchmark Return
• Provide a certain exposure to a benchmark
  for less cash
                                                       DAILY RETURN DURING 2Q 2010
• Track your investment throughout the day
                                                                                     n
                                                                                    n ProShares Ultra Euro (ULE)      n
                                                                                                                     n EUR/USD 4:00 p.m. ET Exchange Rate
• No margin account
                                                        4%

                                                        2%

                                                        0%

                                                       -2%

                                                       -4%
                                                                                 April 10                           May 10                              June 10




                                                       ProShares are not suitable for all investors. Futures trading involves a substantial risk of loss.
                                                       PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Investment return and principal value
                                                       of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more
                                                       or less than they originally cost. Current performance may be lower or higher than the performance
                                                       quoted. Performance data current to the most recent month-end may be obtained by calling, toll-free,
                                                       866.PRO.5125 or visiting proshares.com. Benchmark performance does not reflect any management
                                                       fees, transaction costs or expenses. Benchmarks are unmanaged and one cannot invest directly in any
                                                       benchmark.
                                                       1
                                                        Since inception returns are annualized. Market returns are based on the composite closing price and do
                                                       not represent the returns you would receive if you traded shares at other times. The first trading date is
                                                       typically several days after the fund inception date. Therefore, NAV is used to calculate market returns prior
                                                       to the first trade date. 2When the euro appreciates relative to the U.S. dollar, the EUR/USD exchange rate
                                                       increases, and vice-versa. The EUR/USD exchange rate is expressed as a rate that reflects the number of
                                                       U.S. dollars that can be exchanged for one euro as reported each day by The Wall Street Journal.
                                                       3
                                                        Expense ratio does not include brokerage commissions and related fees paid by the fund. 4Correlation is
                                                       a measure of the strength and direction of a linear relationship between two variables. 5Beta is a measure
                                                       of the slope, which is the steepness of the line drawn through the fund return vs. the benchmark return on
                                                SM


                                                       a daily basis.
                                                                                                                                                 Fact Sheet
                                                                                                                                            All data as of 6/30/10




ProShares Ultra Euro                                                                                                                                            ULE


BENCHMARK DESCRIPTION
The euro benchmark is the 4:00 p.m. ET euro in U.S.
dollar terms (EUR/USD cross rate) as published in
The Wall Street Journal and will be tracked to four
decimal places. The EUR/USD cross rate is expressed
as a rate that reflects the number of U.S. dollars that
can be exchanged for one euro. The EUR/USD cross
rate is published daily in the Money & Investing
section of The Wall Street Journal currencies chart.


BENCHMARK CHARACTERISTICS
Quarterly Benchmark Volatility6             12.43%




                                                          6
                                                           The quarterly volatility refers to annualized standard deviation, a statistical measure that captures the
                                                          variation of a benchmark’s returns from their mean and that is often used to quantify the risk of the
                                                          benchmark over a specific time period. The higher the volatility, the more a benchmark’s return fluctuates
                                                          over time. This ETF invests substantially in financial instruments linked to the performance of currencies,
                                                          such as swap agreements, forward contracts, and futures and options contracts, which may be subject
                                                          to greater volatility than investments in traditional securities. Certain of these financial instruments will also
                                                          subject the fund to counterparty risk and credit risk, which could result in significant losses for the fund.
                                                          There are additional risks due to debt, inflation and interest rates, investment activity, and global political
                                                          and economic concerns.
                                                          Investing involves risk, including the possible loss of principal. ProShares entail certain risks, including
                                                          aggressive investment techniques (futures contracts, options, forward contracts, swap agreements and
                                                          similar instruments), imperfect benchmark correlation, leverage and market price variance. These risks
                                                          may pose risks different from, or greater than, those associated with a direct investment in the securities
                                                          underlying the funds’ benchmarks, can increase volatility, and may dramatically decrease performance.
                                                          ProShares are non-diversified investments and may be more susceptible to single-issuer risk than a more
                                                          diversified fund. There is no guarantee that any ProShares ETF will achieve its investment objective. Please
                                                          see the prospectus for a more complete description of these risks. Narrowly focused investments typically
                                                          exhibit higher volatility.
                                                          ProShares Trust II is a commodity pool as defined in the Commodity Exchange Act and the applicable
                                                          regulations of the CFTC. ProShare Capital Management LLC is the Trust Sponsor, commodity pool
                                                          operator (CPO) and commodity trading advisor. The Sponsor is registered as a CPO and commodity
                                                          trading advisor with the CFTC, and is a member of the NFA. Neither the ETF or ProShares Trust II is an
          For more information, visit                     investment company regulated under the Investment Company Act of 1940.
                                                          This ProShares ETF is not regulated under the Investment Company Act of 1940. Investing in these ETFs
       proshares.com and seek advice                      involves significant risks. Investors could lose all or substantially all of their investment. ProShares Trust II
    from your financial adviser or broker.                (the issuer) has filed a registration statement (including a prospectus) with the SEC for the offering to which
      Financial professionals should call                 this communication relates. Before you invest, you should read the prospectus in that registration statement
                                                          and other documents the issuer has filed with the SEC for more complete information about the issuer and
        ProShares at 866.PRO.5125.                        this offering. You may get these documents for free by visiting EDGAR on the SEC website at sec.gov.
                                                          Alternatively, the issuer will arrange to send you the prospectus if you request it by calling toll-free
                                                          866-PRO-5125, or visit proshares.com, or you may request a copy from any underwriter or other
                                                          dealer participating in the offering. These funds generate a K-1 tax form.                             2010-2880

				
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Description: Fact Sheet Cross Rate