The Stowe Coal Index^SM (Bloomberg ticker: COAL) gained 7.72 percent in June and gained 40.12 percent in the six months ending June 30, 2008.* ^†

The Index is comprised of a basket of the securities of 41 companies from around the world that are engaged in the coal industry including coal mining and related activities including transportation, the manufacture of coal mining equipment and the production of clean coal equipment manufacturing and clean coal production, and which derive more than 50% of their total revenues from such activities. The Index, launched on September 10, 2007, includes many companies of global prominence including China Coal Energy Co. Ltd., Consolidated Energy, Inc., and Bumi Resources (representing 4.1%, 8.1% and 7.8% of the Index as of June 30, 2008).

Market Vectors–Coal ETF (NYSE: KOL) is an exchange-traded fund that seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Index. KOL generally holds all of the securities that comprise the Index in proportion to their weighting in the Index.

* Past performance does not guarantee future results. The Index’s return does not represent the performance of any fund. The Index charges no fees, including management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Investors cannot invest directly in the Index.

Performance information presented for the Index covering the period prior to September 10, 2007 is based on hypothetical, back-tested data. Prior to that date, the Index was not calculated in real time by an independent calculation agent. Hypothetical, back-tested performance has inherent limitations and is not indicative of future results. No representation is being made that any investment will achieve performance similar to that shown.

Please call 1.888.MKT.VCTR or visit www.vaneck.com/kol for the most recent month-end performance of Market Vectors-Coal ETF. This information will be available no later than seven business days after the most recent month end.

^†About the Stowe Coal Index^SM

The Index is intended to give investors an efficient way to track the performance of equity securities of selected companies engaged in the coal industry. It is calculated using a modified market capitalization weighting methodology.