Russell Sets Orderly Schedule to Close the Russell Equity ETF (ONEF)

Russell Investments announced today that the Board of Trustees of Russell Exchange Traded Funds Trust authorized the orderly termination and liquidation of the Russell Equity ETF (ONEF) on or before February 6, 2015.

The Fund will be closed to new investment on January 26, 2015. NYSE Arca, Inc. will suspend trading in the Fund before the open of trading on January 27, 2015. Full liquidation of the Fund is intended to be completed by February 6, 2015.

Russell is closing and liquidating the Russell Equity ETF because this product hasn’t generated the amount of interest as projected and as a result Russell believes it is in the best interests of shareholders to close it. While Russell is liquidating the Fund, it does not mean Russell is abandoning the ETF market. Russell continues to offer ETFs in the Australian market and believes the active U.S. ETF market still presents viable and important investment opportunities.

On January 27, 2015, the Fund will commence the process of liquidating its assets and, consequently, will not be pursuing its investment objective. During the liquidation period between January 27, 2015 and February 6, 2015, the Fund will not carry on any business, except for the purposes of winding up its affairs and distributing investment income, capital gains and assets to shareholders.

Shareholders may sell their holdings on NYSE Arca through January 26, 2015, incurring any applicable transaction fees from their broker-dealer. All shareholders remaining in the Fund at the time of liquidation will receive cash equal to the amount of the net asset value of their Fund shares as of January 27, 2015, which will include any capital gains and dividends, into the cash portion of their brokerage accounts.

Shareholders receiving the final liquidation cash distribution will not incur transaction fees from their broker-dealer in connection with this distribution or the cancellation of their Fund shares. Moreover, shareholders will not bear any expenses associated with the liquidation of the Fund other than bearing indirectly the portfolio transaction costs incurred in liquidating the Fund’s assets in advance of the Fund’s closure.

About Russell Investments

Russell Investments (Russell) is a global asset manager and one of only a few firms that offers actively managed multi-asset portfolios and services that include advice, investments and implementation. Russell stands with institutional investors, financial advisors and individuals working with their advisors—using the firm’s core capabilities that extend across capital market insights, manager research, portfolio construction, portfolio implementation and indexes to help each achieve their desired investment outcomes.

Russell has more than $275 billion in assets under management (as of 9/30/2014) and works with over 2,500 institutional clients, independent distribution partners and individual investors globally. As a consultant to some of the largest pools of capital in the world, Russell has $2.6 trillion in assets under advisement (as of 6/30/2014). It has four decades of experience researching and selecting investment managers and meets annually with more than 2,200 managers around the world. Russell traded more than $1.6 trillion in 2013 through its implementation services business. Russell also calculates approximately 700,000 benchmarks daily covering 98% of the investable market globally, including more than 80 countries and more than 10,000 securities. Approximately $5.2 trillion in assets are benchmarked (as of 12/31/2013) to the Russell Indexes, which have provided investors with 30 years of smarter beta.

Headquartered in Seattle, Washington, Russell operates globally, including through its offices in Seattle, New York, London, Paris, Amsterdam, Sydney, Melbourne, Auckland, Singapore, Seoul, Tokyo, Beijing, Toronto, Chicago, San Diego, Milwaukee and Edinburgh. For more information about how Russell helps to improve financial security for people, visit www.russell.com or follow @Russell_News.

Investors should carefully consider the investment objectives, risks, charges and expenses before investing in Russell ETFs. This and other information can be found in the fund prospectus, which may be obtained by calling 888-RSL-ETFS (888-775-3837) or by downloading the file from russelletfs.com. Please read the prospectus carefully before investing.

The Fund employs an asset allocation strategy that provides exposure to multiple asset classes in a variety of domestic and foreign markets. Neither the Fund nor Russell Investment Management Company (the “Adviser”) can offer any assurance that the asset allocation of the Fund will either maximize returns or minimize risks. The tactical asset allocation component of the Fund’s strategy may not work as intended. The value of your investment may decrease if the Adviser’s judgment about the attractiveness, value or market trends affecting a particular asset class, sector, strategy or Underlying ETF is incorrect. The Fund’s risk profile with respect to particular asset classes, sectors or strategies may change at any time based on the Adviser’s tactical asset allocation decisions.

Russell ETFs are distributed by ALPS Distributors, Inc. ("ALPS"). Russell Investment Management Company ("RIMCo," dba Russell Investments) serves as the investment advisor to the ETFs. ALPS and RIMCo are separate and unaffiliated. Neither ALPS nor RIMCo nor any of their affiliates provides tax advice.

Russell Investment Group is a Washington, USA corporation, which operates through subsidiaries worldwide, including Russell Investments, and is a subsidiary of The Northwestern Mutual Life Insurance Company.