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ProFunds Group Names Donald Roberson Managing Director, Distribution

Bethesda, MD, May 24, 2010 — ProFunds Group, the leader in leveraged and inverse funds1, announced today that Donald Roberson has been named Managing Director, Distribution. Mr. Roberson, most recently with Lincoln Financial Group, will oversee all distribution channels for ProShares ETFs and ProFunds mutual funds. In this new role, he reports to Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC and ProFund Advisors LLC.

"Don brings more than 30 years of investment-industry experience and has a proven record of building and managing distribution teams across channels," said Mr. Sapir. "We are excited to add a seasoned professional of Don's caliber to our team."

Prior to joining ProFunds Group, Mr. Roberson served as Senior Vice President and Head of Distribution for the Employer Markets Group at Lincoln Financial Group in Philadelphia. In this role, he was part of Lincoln's Corporate Leadership Group, setting strategic direction for distribution, product development, and marketing and branding. Previously at Lincoln, Mr. Roberson was Head of Distribution for Wire Houses and Regional Broker Dealers.

Prior to joining Lincoln Financial Group, Mr. Roberson was Senior Vice President, Director of Distribution for Managed Accounts at John Hancock/Independence Investments. He has also worked with Mutualfunds.com/PFPC, Funds Distributor, BlackRock, Reich & Tang and Prudential-Bache Securities. Mr. Roberson received his B.S. in marketing from Florida State University.

About ProFunds Group

ProFunds Group, the leader in leveraged and inverse funds1, includes ProShares ETFs and ProFunds mutual funds. ProShares introduced the first leveraged and inverse ETFs in the U.S. in 2006. Since 1997, ProFunds mutual funds have provided investors with access to sophisticated investment strategies.

Media contact:

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

1 Source: Lipper, based on a worldwide analysis of all of the known providers of funds in these categories. The analysis covered ETFs, ETNs and mutual funds by the number of funds and assets (as of 6/30/2009).