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ProFunds Group® Names Troy Goldstein Director of National Accounts

Bethesda, MD, July 5, 2011—ProFunds Group, a premier provider of alternative ETFs and mutual funds, announced today that Troy Goldstein has been named to the newly created role of Director of National Accounts. Mr. Goldstein, most recently with UBS AG, will oversee the National Accounts Group for ProShares ETFs and ProFunds mutual funds. He reports to Donald Roberson, Managing Director, Distribution for ProShares and ProFunds.

"Troy has extensive industry relationships and a proven track record of building teams, delivering strategies and providing investment solutions," said Mr. Roberson. "He'll be a valuable asset to the team as financial advisers increasingly turn to our alternative ETFs and funds to be part of their clients' portfolios."

Mr. Goldstein was most recently with UBS AG as Executive Director, Head of Portfolio Distribution Europe. In this role, Mr. Goldstein managed sales specialist teams across Europe focused on discretionary and non-discretionary fee-based portfolio solutions and supporting structured products, funds and ETFs.

Previously at UBS, Mr. Goldstein was Executive Director, Head of the Investment Solution Sales Team in the firm's U.S. headquarters in Weehawken, NJ. Before that, he held two positions within UBS' Products & Marketing Group, in Zurich, Switzerland. Mr. Goldstein began his career in financial services as a Financial Advisor with PaineWebber, which later became UBS.

Mr. Goldstein received his J.D. from Kensington University Law School and his B.S. in Business Administration – Financial Management from California State University, Long Beach. In addition, he completed the Securities Industry Institute at the University of Pennsylvania's Wharton School.

About ProFunds Group

ProFunds Group, located in Bethesda, Md., includes both ProFunds mutual funds, with more than $6 billion in assets under management, and ProShares ETFs, with $11.5 billion. ProFunds offers more than 100 mutual fund choices. Since 1997, ProFunds has provided mutual fund investors with easier access to sophisticated investment strategies, with offerings that include mutual funds that seek to magnify daily index performance and funds that seek to increase in value when markets decline. ProShares, launched in 2006, offers ETFs that provide short or magnified exposure to a variety of well-known indexes. ProFunds Group describes the portfolio managers common to ProFund Advisors LLC, advisor to ProFunds mutual funds, and ProShare Advisors LLC, advisor to ProShares ETFs. More information on ProFunds is available at www.ProFunds.com and on ProShares at www.ProShares.com.

Investing in UltraChina ProFund and UltraShort China ProFund involves certain risks, specifically market, correlation, credit, exchange rate, foreign currency, foreign markets, liquidity, aggressive investment technique, non-diversification, repurchase agreement, and inverse correlation risk in the UltraShort China ProFund. These funds do not constitute a complete investment program and they may not be suitable for all investors.

Notes:

1 Based on an analysis by FRC of the largest providers of funds in these categories. The analysis covered ETFs and mutual funds by the number of funds and assets.

Media contact

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