Ron Kugan

The Manager applied on behalf of several PowerShares ETFs for exemptive relief under section 19.1 of National Instrument 41-101.

The relief sought was an exemption from subsection 2.3(1), which prohibits filing a final prospectus more than 90 days after the receipt for the preliminary prospectus.

The Director granted the exemption, permitting the final prospectus to be filed no later than June 17, 2009.

The Manager applied on behalf of several PowerShares ETFs for exemptive relief under section 19.1 of National Instrument 41-101.

The relief sought an exemption from subsection 2.3(1), which prohibits filing a prospectus more than 90 days after the receipt for the preliminary prospectus.

The Director of the Ontario Securities Commission granted the requested exemption, provided the final prospectus is filed no later than February 16, 2009.