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CORRECTING and REPLACING ProShares Announces Changes to ETF Lineup

Please replace the release dated March 15, 2020 with the following corrected version due to multiple revisions.

The corrected release reads:

PROSHARES ANNOUNCES CHANGES TO ETF LINEUP

ProShare Advisors and ProShare Capital Management announced today plans to liquidate and close six ProShares Trust ETFs and two ProShares Trust II ETFs, respectively, based on an ongoing review of ProShares product offerings. Specifically, the following ETFs will be liquidated and closed:

ProShares Trust

Ticker

Exchange

UltraPro Communication Services Select Sector

UCOM

NYSE Arca

UltraPro Short Communication Services Select Sector

SCOM

NYSE Arca

UltraPro Nasdaq Biotechnology

UBIO

NASDAQ

UltraPro Short Nasdaq Biotechnology

ZBIO

NASDAQ

UltraPro Financial Select Sector

FINU

NYSE Arca

UltraPro Short Financial Select Sector

FINZ

NYSE Arca

ProShares Trust II

Ticker

Exchange

UltraPro 3x Crude Oil ETF

OILU

NYSE Arca

UltraPro 3x Short Crude Oil ETF

OILD

NYSE Arca

The last day the funds will accept creation orders is March 27, 2020. Trading in the funds will be halted prior to market open on March 30, 2020. Beginning on March 30, 2020, the funds will not be traded on their respective exchanges, and there will be no secondary market for the shares. On or about March 27, 2020, the funds will begin the process of liquidating their portfolios and may no longer be managed in accordance with their investment objectives. Any shareholders remaining in the funds will have their shares redeemed at net asset value on or about April 3, 2020.

March 15, 2020

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ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.

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Contacts:

Media Contact:
Tucker Hewes, Hewes Communications, Inc., 212.207.9451, tucker@hewescomm.com

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