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ProFunds Announces Mutual Fund Share Splits

Bethesda, MD, February 7, 2014 — ProFunds, a premier provider of alternative mutual funds, announced today share splits and reverse share splits on the mutual funds listed below. The splits and reverse splits will not change the value of a shareholder's investment.

Splits

One fund will split shares 4-for-1:

Fund Investor Class Service Class Split Ratio
Biotechnology BIPIX BIPSX 4:1


The split will apply to shareholders of record as of the close of the markets on February 21, 2014. The fund will trade at its
post-split price on February 24, 2014. The ticker symbol and CUSIP number for the fund will not change.

The split will decrease the price per share of the fund with a proportionate increase in the number of shares outstanding. For example, for a 4-for-1 split, every pre-split share held by a shareholder will result in the receipt of four post-split shares, which will be priced at one-fourth of the net asset value ("NAV") of a pre-split share.

Illustration of a Split

The following table shows the effect of a hypothetical 4-for-1 split:

Period # of Shares Owned Hypothetical NAV Value of Shares
Pre-Split 100 $40.00 $4,000.00
Post-Split 400 $10.00 $4,000.00

Reverse Splits

Five funds will reverse split shares 1-for-5:

Fund Investor Class Service Class Split Ratio
Short Real Estate SRPIX SRPSX 1:5
UltraShort Japan UKPIX UKPSX 1:5
Short NASDAQ-100 SOPIX SOPSX 1:5
Short SmallCap SHPIX SHPSX 1:5
UltraShort NASDAQ-100 USPIX USPSX 1:5

Two funds will reverse split shares 1-for-8:

Fund Investor Class Service Class Split Ratio
UltraShort SmallCap UCPIX UCPSX 1:8
UltraShort International UXPIX UXPSX 1:8

One fund will reverse split shares 1-for-10:

Fund Investor Class Service Class Split Ratio
UltraShort China UHPIX UHPSX 1:10

All reverse splits will apply to shareholders of record as of the close of the markets on February 21, 2014. The funds will trade at the post-split prices on February 24, 2014. The ticker symbols and CUSIP numbers for the funds will not change.

The reverse splits will increase the price per share of each fund with a proportionate decrease in the number of shares outstanding. For example, for the 1-for-5 reverse splits, every five pre-split shares held by a shareholder will result in the receipt of one post-split share, which will be priced at five times the NAV of a pre-split share.

Illustration of a Reverse Split

The following table shows the effect of a hypothetical 1-for-5 reverse split:

# of Shares Owned Hypothetical NAV Value of Shares
Pre-Split 1,000 $6.00 $6,000.00
Post-Split 200 $30.00 $6,000.00

About ProFunds

ProFunds is a premier provider of alternative mutual funds offering more than 100 funds. ProFund Advisors was founded in 1997, and together with its affiliates, ProShare Advisors and ProShare Capital Management, had approximately $32 billion of assets under management as of 12/31/2013.

Media Contact:

Tucker Hewes, Hewes Communications, Inc., (212) 207-9451, tucker@hewescomm.com

Investor Contact

(888) 776-3637, ProFunds.com

Financial Professional Contact

(888) 776-5717, ProFunds.com