SMB VanEck Short Muni ETF

The Market Vectors ETF Trust announced regular monthly distributions today for three ETFs within the Market Vectors Family of Municipal Bond ETFs*. The following dates apply to today�s distribution declarations: Ex-Date � � � � � � � � Record Date � � � � � � � � Payable Date May 1, 2008 May 5, 2008 May 7, 2008 FUND � � Ticker � � Distribution Frequency � � Distribution�Amount Per Share Market Vectors-Lehman Brothers � � � � AMT-Free Intermediate Municipal Index ETF ITM Monthly $ 0.188 � Market Vectors-Lehman Brothers AMT-Free Long Municipal Index ETF MLN Monthly $ 0.278 � Market Vectors-Lehman Brothers AMT-Free Short Municipal Index ETF SMB Monthly $ 0.030 The majority, and possibly all, of this distribution will be paid out of net investment income earned by the Fund. A portion of this distribution may come from net short-term realized capital gains or return of capital. *Currently, only three ETFs, the Market Vectors-Lehman Brothers AMT-Free Intermediate Municipal Index ETF, Market Vectors-Lehman Brothers AMT-Free Long Municipal Index ETF and the Market Vectors-Lehman Brothers AMT-Free Short Municipal Index ETF are being offered to the public. The amount of dividends paid by each fund may vary from time to time. Past amounts of dividends are no guarantee of future dividend payment amounts. Van Eck does not provide legal, tax or accounting advice. Any statement contained in this communication concerning U.S. tax matters is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties imposed on the relevant taxpayer. Shareholders or potential shareholders of the Market Vectors ETFs should obtain their own independent tax advice based on their particular circumstances. For more complete information about the Market Vectors ETFs, contact your investment representative and request a prospectus or visit www.vaneck.com/etf. Please consider a Fund�s objectives, risks and charges and expenses, and read the prospectus carefully before investing. The prospectus contains this and other information about the Fund. About Van Eck Global Founded in 1955, Van Eck Associates Corporation was among the first U.S. money managers helping investors achieve greater diversification through global investing. Today, the firm continues the 50+ year tradition by offering global investment choices in hard assets, emerging markets, precious metals including gold, and other specialized asset classes. Van Eck mutual funds are sold nationwide through retail brokers, financial planners and investment advisors. Designed for investors seeking innovative choices for portfolio diversification, they are often categorized in asset classes having returns with low correlations to those of more traditional U.S. equity and fixed income investments. Van Eck also offers exchange-traded funds, separate accounts and alternative investments. In addition, it offers the Worldwide Insurance Trust Funds, a series of investment choices within the variable annuity contracts and variable life policies of widely known and highly regarded insurers. Please call 1.888.MKT.VCTR or visit www.vaneck.com/etf for the most recent month-end performance of Market Vectors ETFs. This information will be available no later than seven business days after the most recent month end. Principal Risk Factors: Municipal bonds are subject to risks related to litigation, legislation, political changes, local business or economic conditions, conditions in underlying sectors, bankruptcy or other changes in the financial condition of the issuer, and/or the discontinuance of the taxation supporting the project or assets or the inability to collect revenues for the project or from the assets. Municipal bonds are also subject to credit risk, interest rate risk, call risk, lease obligations and tax risk. The market for municipal bonds may be less liquid than for taxable bonds. There is no guarantee that a fund�s income will be exempt from federal or state income taxes or the alternative minimum tax. Federal or state changes in income or alternative minimum tax rates or in the tax treatment of municipal bonds may make them less attractive as investments and cause them to lose value. Capital gains, if any, are subject to capital gains tax. For a more complete description of these and other risks, please refer to each fund�s prospectus. Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called �creation units� and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in kind. Investors may call 1.888.MKT.VCTR or visit www.vaneck.com/etf for a free prospectus. They should consider the investment objective, risks, and charges and expenses of Market Vectors ETFs carefully before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing. Van Eck Securities Corporation, Distributor, 99 Park Avenue, New York, NY 10016