Claymore Launches First Frontier Markets ETF (FRN) In U.S.

Frontier ETF Provides Access to 41 Markets; Index Developed and Maintained by Bank of New York Mellon 

LISLE, Ill. -- Claymore Securities Inc., the third-fastest growing exchange-traded fund provider in 2007*, today announced the launch of the Claymore/BNY Mellon Frontier Markets ETF (NYSE Arca: FRN) on NYSE Arca. FRN is the first U.S.-listed ETF that provides investors with access to up to 41 countries that are less developed than traditional emerging markets--often referred to as the "frontier markets." FRN will seek to replicate The Bank of New York Mellon New Frontier DR Index, which was developed and is maintained by The Bank of New York Mellon.

"Experienced investors are constantly in a search for tomorrow's most intriguing growth opportunities," said Christian Magoon, President of Claymore Securities and Head of the ETF Group. "Frontier markets have been referred to as the next generation of emerging markets and may potentially offer attractive risk and return ratios, as well as lower correlations to developed and emerging markets. FRN makes it possible for investors to efficiently access up to 41 countries in the very early stages of their development."

Potential countries for inclusion in the Index include Bahrain, Jordan, Kuwait, Lebanon, Oman, Qatar, United Arab Emirates, Egypt, Ghana, Kenya, Malawi, Mauritius, Morocco, Nigeria, Tunisia, Zimbabwe, Bulgaria, Croatia, Czech Republic, Estonia, Georgia, Kazakhstan, Latvia, Lithuania, Poland, Romania, Slovak Republic, Slovenia, Ukraine, Bangladesh, Pakistan, Papua New Guinea, Sri Lanka, Vietnam, Peru, Chile, Colombia, Ecuador, Jamaica, Panama and Trinidad & Tobago. The Bank of New York Mellon New Frontier DR Index includes only companies with float-adjusted market capitalizations of more than $100 million that have depositary receipts that trade on U.S. exchanges or the London Stock Exchange.

"U.S. investors have had little exposure to these smaller, less-developed markets, which are excluded from most benchmarks and overshadowed by the popular emerging markets," said Michael Finck, Managing Director, The Bank of New York Mellon Depositary Receipts, Global Corporate Actions, The Bank of New York Mellon.

FRN is listed on NYSE Arca and trades the same way as shares of a publicly traded company. FRN and other Claymore ETFs can be purchased through most brokerage accounts. They can be bought and sold throughout the day on the NYSE Arca or the American Stock Exchange, depending on the ETF listing, during normal trading hours. The Fund issues and redeems shares at NAV only in large blocks of 80,000 shares (each block of Shares called a "Creation Unit") or multiples thereof. Only broker-dealers or large institutional investors with creation and redemption agreements and called Authorized Participants ("APs") can purchase or redeem these Creation Units.

* Source: Claymore Securities, Inc., Bloomberg 2007 ETF data

Please see www.claymore.com/FRN and the prospectus for more information. Investors buying or selling ETF shares on the secondary market may incur brokerage costs and other transactional fees. Shares of ETFs will fluctuate in price due to daily changes in trading volume. At times, shares may not have a high volume of trading. Except when aggregated in Creation Units, Shares are not redeemable securities of the Fund.

About Claymore Securities

Claymore Securities, Inc. is a privately-held financial services company offering unique investment solutions for financial advisors and their valued clients. Claymore entities have provided supervision, management, servicing or distribution on approximately $18.4 billion in assets as of April 30, 2008. Claymore currently offers exchange-traded funds, unit investment trusts and closed-end funds. Claymore Advisors, LLC, an affiliate of Claymore Securities, Inc., serves as investment adviser to the Fund.

About The Bank of New York Mellon

The Bank of New York Mellon ("BNY Mellon") is the leading depositary bank, managing more sponsored/depositary receipt programs than all other depositary banks combined. BNY currently issues depositary receipts for more than 1,200 programs representing 60 countries, and acts as depositary for 64% of all sponsored depositary receipt programs. Additional information can be found at adrbny.com.

Risk Considerations

There can be no assurance that the Fund will achieve its investment objective. An investment in the Fund is subject to risk, including possible loss of principal. Investing in securities of micro-, small- or medium-sized companies involves greater risk as these stocks may be more volatile and less liquid than those of larger or more established companies and may have returns that vary, sometimes significantly, from the overall stock market.

The Fund's investments in non-U.S. issuers may involve unique risks compared to investing in securities of U.S. issuers, including, among others, greater market volatility than U.S. securities and less complete financial information than for U.S. issuers.

Investment in securities in emerging market countries involves risks not associated with investments in securities in developed countries, including risks associated with expropriation and/or nationalization, political or social instability, armed conflict, the impact on the economy as a result of civil war, religious or ethnic unrest and the withdrawal or non-renewal of any license enabling the Fund to trade in securities of a particular country, confiscatory taxation, restrictions on transfers of assets, lack of uniform accounting, auditing and financial reporting standards, less publicly available financial and other information, diplomatic development which could affect U.S. investments in those countries and potential difficulties in enforcing contractual obligations. Frontier countries generally have smaller economies or less developed capital markets than traditional emerging markets, and, as a result, the risks of investing in emerging market countries are magnified in frontier countries. As of the date of this prospectus, a significant percentage of the Index is comprised of securities of companies from Poland, Chile and Egypt. To the extent that the Index is focused on securities of any one country, including Poland, Chile or Egypt, the value of the Index will be especially affected by adverse developments in such country, including the risks described above. Please note: the above risks are a broad overview of the potential risks associated with investing in the Frontier markets. Investing in securities of Frontier countries involves significant risk. The prospectus contains a more detailed discussion of these individual risks and should be evaluated when determining an investor's risk tolerance.

Certain of the frontier countries may be subject to a greater degree of political and social instability than is the case in more developed countries.

Approval of governmental authorities may be required prior to investing in the securities of companies based in certain frontier countries. Delays in obtaining such an approval would delay investments in the particular country. Certain banks in foreign countries that are eligible foreign sub-custodians may lack extensive operating experience, and there may be legal restrictions or limitations on the ability of the Fund to recover assets held in custody by a foreign sub-custodian in the event of the bankruptcy of the sub-custodian. Because settlement systems may be less well organized than in developed markets, there may be a risk of delayed settlements and that cash or securities of the Fund may be in jeopardy because of failures of or defects in the systems. Certain countries in which the Fund may invest utilize share-blocking schemes. The Investment Adviser, on behalf of the Fund, reserves the right to abstain from voting proxies in share blocking markets.

Additional risks of the Fund include but are not limited to: Non-Correlation Risk, Replication Management Risk, Issuer-Specific Changes and Non-Diversified Fund Risk. Buying or selling ETF shares will incur brokerage costs and other transactional fees. Shares of ETFs may fluctuate in price due to daily changes in trading volume. At times, shares may not have a high volume of trading.

"BNY Mellon" and "The Bank of New York Mellon New Frontier DR Index" are service marks of The Bank of New York Corporation (the "Bank") and have been licensed for use for certain purposes by the Investment Adviser.

The Claymore/BNY Mellon Frontier Markets ETF and its Shares are not sponsored, endorsed, sold, recommended or promoted by the Bank or any of its subsidiaries or affiliates, and none of the Bank or any of its subsidiaries or affiliates makes any representation or warranty, express or implied, to the shareholders of the Fund or any member of the public regarding the advisability of investing in financial products generally or in the Fund particularly, the ability of The Bank of New York Mellon New Frontier DR Index to track market performance or the suitability or appropriateness of the Fund for shareholders of the Fund or such member of the public. The relationship between the Bank, on one hand, and Claymore, on the other, is limited to the licensing of certain trademarks, trade names and the Index, which is determined, composed and calculated by the Bank or its agent without regard to Claymore or the Fund. Neither the Bank nor any of its subsidiaries or affiliates has any obligation to take the needs of Claymore or the shareholders of the Fund into consideration in determining, composing or calculating The Bank of New York Mellon New Frontier DR Index. Neither the Bank nor any of its subsidiaries or affiliates is responsible for, or has participated in, the determination of the timing of, prices at, or quantities of the products to be issued or in the determination or calculation of the equation by which the Fund is to be converted into cash. Neither the Bank nor any of its subsidiaries or affiliates has any obligation or liability in connection with the administration, marketing or trading of the Fund.

None of the Investment Adviser, the Bank or any of its subsidiaries or affiliates guarantees the accuracy or completeness of the Index or any data included therein, and none of the Investment Adviser, the Bank or any of its subsidiaries or affiliates shall have any liability for any errors, omissions or interruptions therein. None of the Investment Adviser, the Bank or any of its subsidiaries or affiliates makes any warranty, express or implied, as to results to be obtained by the Fund, owners of the Shares of the Fund or any other person or entity from the use of the Index or any data included therein. None of the Investment Adviser, the Bank nor any of its subsidiaries or affiliates makes any express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the Index or any data included therein. Without limiting any of the foregoing, in no event shall the Investment Adviser, the Bank or any of its subsidiaries or affiliates have any liability for any special, punitive, direct, indirect or consequential damages (including, without limitation, lost profits) arising out of matters relating to the use of the Index, even if notified of the possibility of such damages.

Investors should consider the investment objectives and policies, risk considerations, charges and expenses of any investment product carefully before investing. The prospectus contains this and other relevant information. Investors should read the prospectus carefully before investing or sending money. For this and more information, please contact a securities representative or:

NOT FDIC - INSURED * NOT BANK - GUARANTEED * MAY LOSE VALUE

Claymore Securities, Inc. * 2455 Corporate West Drive * Lisle, Illinois 60532

1-888-949-3837 * www.claymore.com

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