ITM VanEck Intermediate Muni ETF

The Market Vectors ETF Trust announced regular monthly distributions today for three ETFs within the Market Vectors Family of Municipal Bond ETFs*. These dividend rates are reflective of share splits that took place in these ETFs, effective today, October 24. These splits � five-for-one on ITM and MLN and three-for-one on SMB � proportionally reduces the distribution per share. The following dates apply to today�s distribution declarations: Ex-Date � � � � Record Date � � � � Payable Date November 3, 2008 November 5, 2008 November 7, 2008 � � � � � Distribution � Distribution Amount FUND Ticker � Frequency � Per Share Market Vectors- Intermediate Municipal Index ETF1 ITM Monthly $ �0.059 � Market Vectors- Long Municipal Index ETF2 MLN Monthly $ �0.071 � Market Vectors- Short Municipal Index ETF3 SMB Monthly $ �0.034 � � 1 Formerly Market Vectors-Lehman Brothers AMT-Free Intermediate Municipal Index ETF. 2 Formerly Market Vectors-Lehman Brothers AMT-Free Long Municipal Index ETF. 3 Formerly Market Vectors-Lehman Brothers AMT-Free Short Municipal Index ETF. The Funds underwent a name change on October 24, 2008. � 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. Market Vectors exchange-traded products have been offered by Van Eck Global since 2006 when the firm launched the nation�s first gold mining ETF. Today, Market Vectors ETFs and ETNs span several asset classes, including equities, municipal bonds and currency markets. Van Eck Global also offers mutual funds, insurance trust funds, separate accounts and alternative investments. Designed for investors seeking innovative choices for portfolio diversification, Van Eck Global�s investment products are often categorized in asset classes having returns with low correlations to those of more traditional U.S. equity and fixed income investments. 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. 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. The Funds may loan their securities, which may subject them to additional credit and counterparty risk. For a more complete description of these and other risks, please refer to the Funds� 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. Shares may trade at a premium or discount to their NAV in the secondary market. 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.