These terms and conditions govern your use of this website. By accessing this website, you agree that you have read and accept these terms and conditions. If you do not wish to be bound by these terms and conditions, please leave this website.

Access to information displayed on this website may be restricted to certain persons in certain countries. Various iShares products have been registered or authorised in different countries and as such are authorised for public offering (to retail investors and professional clients as defined under the Markets in Financial Instruments Directive and to qualified investors as defined under the Prospectus Directive ) in such countries. In countries where one or more iShares products are not registered or authorised for public offering, retail investors may not access information on such iShares products but certain information may be shown to certain types of professional clients and qualified investors, depending on the country concerned. BlackRock Advisors (UK) Limited does not intend information concerning iShares products to be shown to any persons who are prohibited from seeing such information by their country of residence or incorporation (as applicable). Users of this website must ensure that they are legally permitted to log on to this website in the country where they do so. Users are also responsible for ensuring that their declarations regarding their countries of residence or incorporation when accessing this website are accurate.

This website is owned and operated by BlackRock Advisors (UK) Limited (“BAUL”).The content is provided and managed by BAUL and other companies within the BlackRock group (the direct and indirect subsidiaries of BlackRock, Inc., including the investment manager, trustee and adviser of the iShares products (as the case may be) described below in the section titled “iShares products”, collectively called “BlackRock”).

EU Customers - BlackRock complies with the Electronic Commerce Directive.

Regulatory Status

This website has been issued for access in Belgium by BAUL, which is authorised and regulated by the Financial Services Authority in the UK, registered address 25 The North Colonnade, Canary Wharf, London E14 5HS.BAUL is a company registered in England and Wales under company number 00796793, registered address 12Throgmorton Avenue, London EC2N 2DL, and registered in the United Kingdom with HM Revenue and Customs for the payment of VAT, number 243852262.

iShares products

The iShares products mentioned within this website fall into the following categories:

Exchange Traded Funds (ETFs)

(i) iShares funds domiciled in Dublin are sub-funds of iShares plc, iShares II plc, iShares III plc, iShares IV plcand iShares V plc, each an open-ended investment company with variable capital incorporated in Ireland with segregated liability between its sub-funds and authorised by the Central Bank of Ireland. The Dublin iShares funds are recognised in the UK for the purposes of the Financial Services and Markets Act 2000. BAUL serves as investment manager to the Dublin iShares funds.

(ii) iShares funds domiciled in Germany which are structured either as (a) contractual funds managed by BlackRock Asset Management Deutschland AG which is a German investment management company (Kapitalanlagegesellschaft), where the assets of the contractual funds are separated from the assets of BlackRock Asset Management Deutschland AG which acts on a trustee basis and investors in the contractual funds enter into a contractual agreement with BlackRock Asset Management Deutschland AG, or (b) sub-funds of iShares (DE) I Investmentgesellschaft mit Teilgesellschaftsvermögen (the “InvAG”), an investment company within the meaning of the German Investment Act (Investmentgesetz).

(iii) on request by professional investors in the Netherlands, this website also mentions certain iShares funds domiciled in the United States of America ("USA") which comprise investment portfolios under the companies: iShares, Inc or iShares Trust, each an investment company registered in the United States of America ("USA"), whose shares are traded and listed at market prices on several national stock exchanges in the USA. BlackRock Fund Advisors (“BFA”) serves as an adviser to the US iShares funds. The US iShares funds are registered with the United States Securities and Exchange Commission. BFA is a subsidiary of BlackRock Institutional Trust Company, N.A., which is a wholly owned subsidiary of BlackRock, Inc.

Exchange Traded Commodities (ETCs)

(iv) iShares physically-backed exchange traded commodities (“iShares Physical ETCs”) are structured as series of secured metal-linked securities issued by iShares Physical Metals plc, which is a special purpose vehicle domiciled in Ireland as a corporate entity. The securities of the iShares Physical ETCs are issued in the form of debt securities. Each security of iShares Physical Metals plc is secured by physical holdings of the relevant metal, which are held in the vaults of its custodian (and/or sub-custodians). The custodian of iShares Physical Metals plcis JPMorgan Chase Bank N.A., London branch and BAUL acts as its arranger and adviser.

Registrations and Listings

This website indicates in which countries the iShares products are registered or authorised for public distribution and on which principal European stock exchanges the Dublin and German iShares funds and the iShares Physical ETCs are also listed. The US iShares Funds are registered and listed on stock exchanges in the USA only and are not registered or listed in the Netherlands.

Restricted Investors

The iShares products are not offered or aimed at residents in any country in which (a) the iShares products are not authorised or registered for distribution and where to do so is contrary to any country's securities laws, (b) the dissemination of information on the iShares products via the Internet is forbidden, and/or BAUL is not authorised or qualified to make such offer or invitation. This website and the information provided on this website should not be construed as an advertisement, an offer to sell, or a solicitation of an offer to buy any securities in the iShares products mentioned in this website, nor shall any such securities be offered or sold, in any country in which to do so is contrary to that country's securities laws.

Specifically, the shares in the Dublin and German iShares funds and the securities of the iShares Physical ETCs have not been, and will not be registered under the Securities Act 1933 of the USA (“1933 Act”) or the securities laws of any of the states of the United States. The shares or securities may not be offered or sold directly or indirectly in the United States or for the account or benefit of any US Person, except pursuant to an exemption from, or in a transaction not subject to the regulatory requirement of the 1933 Act and any applicable state securities laws. Any re-offer or resale of any of the shares or securities in the United States or to US Persons may constitute a violation of US law. “US Person” means any person or entity deemed by the Securities Exchange Commission from time to time to be a “U.S. Person” under Rule 902(k) of the 1933 Act or other person or entity as the directors of the iShares products may determine. Please contact your sales representative for a list of persons or entities that are deemed to be “US Persons”.

Shares in the Dublin and German iShares funds and securities of the iShares Physical ETCs may not, except pursuant to a relevant exemption, be acquired or owned by, or acquired with the assets of an ERISA Plan.An“ERISA Plan” is defined as (i) any retirement plan subject to Title I of the United States Employee Retirement Income Security Act of 1974, as amended (ERISA); or, (ii) any individual retirement account or plan subject to Section 4975 of the United States Internal Revenue code of 1986, as amended.

Additionally, shares in the Dublin and German iShares funds and securities of the iShares Physical ETCs may not, except pursuant to an exemption from, or in a transaction not subject to the regulatory requirements of, the US Investment Company Act of 1940, as amended (the "1940 Act"), or the US Commodity Exchange Act, as amended (the "CEA"), as the case may be, be acquired by a person who is deemed to be a US Person under the 1940 Act and regulations thereunder or a person who is deemed to be a US Person under the CEA and regulations thereunder.

The Dublin and German iShares funds and the iShares Physical ETCs have not been, nor will they be, qualified for distribution to the public in Canada as no prospectus for the Dublin or German iShares funds and the iShares Physical ETCs have been filed with any securities commission or regulatory authority in Canada or any province or territory thereof. This website is not, and under no circumstances is to be construed, as an advertisement or any other step in furtherance of a public offering of shares or securities in Canada. No person resident in Canada for the purposes of the Income Tax Act (Canada) may purchase or accept a transfer of shares in the Dublin or German iShares funds or a transfer of securities of the iShares Physical ETCs unless he or she is eligible to do so under applicable Canadian or provincial laws.

Shares in the iShares S&P CNX Nifty India Swap (a sub-fund within iShares IV plc) have not been and will not be registered under the laws of India and are not intended to benefit from any laws in India promulgated for the protection of shareholders. Shares in the iShares S&P CNX Nifty India Swap are not being offered to, and may not be, directly or indirectly, sold or delivered within India, acquired by, transferred to or held for the benefit of (i) any “person resident in India” as such term is defined in the Indian Foreign Exchange Management Act 1999 (as amended or supplemented from time to time), (ii) any person who is a “Non-Resident Indian”, an “Overseas Corporate Body” or a “Person of Indian Origin” as such terms are defined in the Indian Foreign Exchange Management (Deposit) Regulations 2000 (as amended or supplemented from time to time), (iii) any person for re-offering or re-sale, directly or indirectly, in India or to a resident of India or any entity incorporated or registered in Indian, and/or (iv) any person who has the intention of purchasing shares in the fund to circumvent or otherwise avoid any requirements applicable under the Securities and Exchange Board of India (Foreign Institutional Investors) Regulations 1995 (as amended or supplemented from time to time) and/or any other subsidiary regulations or circulars issued pursuant thereto, each an “Indian Origin Restricted Entity”. iShares IV plc does not knowingly permit the sale of shares of the iShares S&P CNX Nifty India Swap or any beneficial interests therein to Indian Origin Restricted Entities.

A prospective investor in the iShares S&P CNX Nifty India Swap may be required at the time of acquiring shares (or subsequently) to represent that such investor is not an Indian Origin Restricted Entity and is not acquiring shares for or on behalf of an Indian Origin Restricted Entity. Shareholders in the iShares S&P CNX Nifty India Swap are required to notify iShares IV plc and its investment manager immediately in the event that they become Indian Origin Restricted Entities or hold shares for the benefit of Indian Origin Restricted Entities. Any person who breaches any of the above restrictions shall indemnify and hold harmless each of iShares IV plc and its manager and investment manager from any losses or claims suffered or incurred by any of them in connection with such breach. If it comes to the attention of iShares IV plc that any shares in the iShares S&P CNX Nifty India Swap are legally or beneficially owned, directly or indirectly, by any person in breach of the above restrictions, whether alone or in conjunction with any other person, it will, to the extent the shares can be identified and redeemed, compulsorily redeem the shares so held.

iShares IV plc and its manager and its investment manager may be required by the counterparties to the swaps for the iShares S&P CNX Nifty India Swap, in accordance with the requirements or requests of the Securities and Exchange Board of India or any other Indian governmental or regulatory authority, to provide information relating to the shareholders and/or beneficial owners of shares in the iShares S&P CNX Nifty India Swap. By investing in the iShares S&P CNX Nifty India Swap (whether directly or indirectly), investors are deemed to consent to any such disclosure. iShares IV plc and its manager and its investment manager may request the required information from investors. Shareholders may be required to provide information on themselves and the beneficial owners of the shares for the purpose of determining whether or not the shareholders or the beneficial owners are Indian Origin Restricted Entities. If any shareholder or beneficial owner fails to disclose the requested information and, due to such non-disclosure or inadequate disclosure, the Directors believe there is an issue regarding such person being an Indian Origin Restricted Entity, iShares IV plc will, to the extent the shares can be identified and redeemed, compulsorily redeem the shares in the iShares S&P CNX Nifty India Swap held by or for the benefit of such person.

Users of this website are required to notify BAUL immediately by email if any information which a user is able to access on this website would cause the user, BlackRock or any iShares product to be in breach of applicable laws or regulations. In such event, the user shall (a) stop accessing this website, (b) destroy immediately any such information (and all copies) which has been downloaded or printed by the user from this website, (c) disregard such information, and (d) treat such information as confidential and not disseminate it.

Risk Warnings

Investment Risks

iShares products may not be suitable for all investors and BlackRock does not guarantee the performance of the iShares products. Past performance is not a reliable indicator of future results. The value and price of shares or units or securities (which may trade in limited markets) in the iShares products and the income from them may fall as well as rise and an investor may not recover the full amount invested. Where an investor invests in an iShares product denominated in a currency other than that of the country in which the investor is resident, the return to the investor may increase or decrease as a result of currency fluctuations.

Exchange rate movements can affect the value of investments involving exposure to foreign currencies.

Any projections or examples (including calculations used therein) set out in this website are for illustrative purposes only and are not guaranteed to be accurate, complete or up to date.

Tax levels, the tax status of the iShares products, the taxation of investors and any tax reliefs may change from time to time. Any change in the taxation legislation in any jurisdiction where an iShares product is registered, cross-listed, marketed or invested could affect the tax status of the iShares product, affect the value of the relevant iShares product’s investments in the affected jurisdiction, affect the relevant iShares product’s ability to achieve its investment objective, and/or alter the post tax returns to investors.The availability and value of any tax reliefs available to investors depend on the individual circumstances of investors. Any tax-related information in this website is not exhaustive and does not constitute legal or tax advice. Prospective investors are urged to consult their tax advisors with respect to their particular tax situations and the tax effects of an investment in the iShares products.

Important information about iShares products is contained in the relevant prospectuses of the iShares products, copies of which can be obtained on this website or from your broker or financial adviser. Please refer to the iShares products’ prospectuses for a full description of the risks of investing in the products.

Shares or securities of iShares products may be purchased or sold throughout the day on one or more stock exchanges (secondary market) through an authorised intermediary. Shares or securities of iShares products may only be subscribed or redeemed directly with the iShares funds or iShares Physical Metals plc (primary market) by authorised participants in very large creation / redemption sizes.

When making an investment in an iShares product, you are buying shares in or securities issued by a company that will be listed on one or more stock exchanges. The price of the shares or securities will be determined by supply and demand. Such price will not necessarily be the same as the value per share or security of that iShares product’s assets. At any time the share or security price may be at a discount or premium to the asset value. However, because of the exchange traded structure, it is expected that a significant discount or premium of price to asset value will not be sustainable over the long term.

Affiliated companies of BAUL may make markets in the securities of the iShares products. Further, BlackRock, its employees and other funds managed by BlackRock may from time to time acquire or hold securities or holdings in the underlying securities of, or options on, any security of the iShares products and may as principal or agent buy or sell securities.

Exchange Traded Funds (ETFs)

General

The capital return and income of each iShares fund are based on the capital appreciation and income on the securities it holds, less expenses incurred. Therefore, each iShares fund’s return may be expected to fluctuate in response to changes in such capital appreciation or income. Additionally, the securities in an equity benchmark index may under-perform fixed income investments and stock market investments that track other markets, segments or sectors different to that of an iShares fund. As foreign exchanges can be open on days when shares in an iShares fund are not priced, the value of the securities in an iShares fund’s portfolio may change on days when shareholders will not be able to purchase or sell an iShares fund’s shares.

Certain iShares funds may use derivatives, details of which will be set out in the relevant prospectuses. The use of derivatives involves special risks and the iShares funds may be exposed to credit risk with regard to parties with whom it trades.

An investment in an iShares fund often involves investing in international markets. In addition to the normal risks associated with investing, international investments involve the risk of losing all or part of any capital from unfavourable fluctuations in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. The value of investments in iShares funds investing in economies and markets which may be less developed than more established economies (including emerging markets), may be subject to greater volatility due to increased uncertainty as to how these markets operate and the possibility of lower trading volumes.

Swap Funds

Dublin-domiciled iShares funds which include the term ‘swap’ in their names are swap based funds. These swap funds enter into fully funded swap agreements with counterparties to obtain the performance of the funds’ respective benchmarks. Swap transactions are subject to the risk that the counterparties may default on their obligations. If this were to occur, the relevant fund may sustain a loss. The swap funds intend to mitigate much of their credit risk exposure to each counterparty by obtaining collateral from the counterparty which will be held by a third party collateral agent. In the event of a default by a counterparty or collateral agent, the swap funds may still have some counterparty risk exposure to the defaulting counterparty or collateral agent respectively.

In some circumstances, counterparties can terminate the swap agreements early which may impact the returns of the swap funds. In addition, the counterparties may seek to pass on any additional costs relating to the hedging of their risk exposure under the swaps to the relevant fund. In the event that a swap fund is unable to enter into suitable swap arrangements or maintain swap arrangements on acceptable terms, the fund may not be able to achieve its investment objective and policy unless it is able to track its benchmark by other means.

Further, the counterparties to the swap agreements for the iShares S&P CNX Nifty India Swap require assurances in the swap agreements that iShares IV plc will not dispose of the swaps to an Indian Original Restricted Entity and that iShares IV plc will provide information on shareholders and beneficial owners of shares in the iShares S&P CNX Nifty India Swap to the counterparties in connection with such assurances. iShares IV plc may be unable to comply fully with such requirements as it has no control over the transfer of shares of the iShares S&P CNX Nifty India Swap on the secondary market and, as a consequence, it is possible that the counterparties may ultimately seek to terminate the swap agreements.

Exchange Traded Commodities (ETCs)

iShares Physical ETCs are exchange traded commodities and are neither fund nor exchange traded funds. The iShares Physical ETCs are series of secured metal-linked securities issued in the form of debt securities. Unlike Dublin-domiciled iShares funds which issue shares, the securities of all iShares Physical ETCs are issued in the form of debt securities which are listed and traded as non-equity securities.

Precious metal prices are generally more volatile than most other asset classes, making investment riskier and more complex than other investments. In addition, iShares Physical ETCs are limited recourse obligations which are payable solely out of the underlying secured property. If the secured property is insufficient, any outstanding claims will remain unpaid.

Investment Advice

The content of this website is general in nature and is meant to inform investors, potential investors and their professional intermediaries of the existence of, and potential benefits of investing in, iShares products. However, this website is not intended to provide specific investment advice including, without limitation, investment, financial, legal, accounting or tax advice, or to make any recommendations about the suitability of iShares products for the circumstances of any particular investor. If you do require investment advice, please contact an independent broker or financial adviser. You should take appropriate advice as to any securities, taxation or other legislation affecting you personally prior to investing.

Intellectual Property Rights

"iShares®" is a registered trademark owned by BlackRock Institutional Trust Company, N.A.All other trademarks,servicemarks or registered trademarks are the property of their respective owners.

Copyright, trademark and other forms of proprietary rights protect the content of this website. All content is owned or controlled by BAUL or the party credited as the provider of the content. Except as expressly provided herein, nothing in this website should be considered as granting any licence or right under any copyright, patent or trademark or other intellectual property rights of BAUL or any third party. Any copying of information or data, especially the use of texts and graphics requires the prior approval of BAUL or the party credited as the provider of the content.

SEDOL™ codes displayed on this website (a) remain the intellectual property of the London Stock Exchange plcand are published by BAUL under licence and (b) may not be redistributed by any persons accessing this website, unless such persons have obtained the prior written consent of the London Stock Exchange plc. SEDOL™ and SEDOL Masterfile™ are trademarks of the London Stock Exchange plc and are used under licence.

Content and Use of this Website

This website is for your personal and internal use and is not to be used for any commercial purposes (whether or not for profit) unless and to the extent you are a financial adviser seeking information about iShares products for your clients.

As a user, you may not sell, copy, publish, distribute, transfer, modify, display, reproduce, and/or create any derivative works from the information or software on this website. You may not redeliver any of the pages, text, images, or content of this website using "framing" or similar technology. You acknowledge that you have no right to use the content of this website in any other manner.

The contents of this website, including text, graphics, links and/or other items, have been prepared based upon sources, materials, and systems believed to be reliable and accurate, and are provided to you on an "as is" and "as available" basis.

BlackRock makes no representations, and disclaims all, express, implied and statutory warranties of any kind to you or any third party, including, but not limited to, representations, and warranties regarding accuracy, timeliness, completeness, merchantability, fitness for any particular purpose, non-infringement of third-party rights, and/or freedom from computer viruses.

Links to other websites are provided for your convenience, and are not to be construed as an endorsement by BlackRock of such websites, their content, products and/or services, or vice versa. BlackRock accepts no responsibility forany of the content (regardless of what form this content is in) and the use of such third party websites is at your own risk. BlackRock does not guarantee that any of the links are operational, and does not assume any responsibility for the consequences of any errors or omissions as a result of using these links. Internet software or transmission problems may produce inaccurate or incomplete copies of information and materials that may be downloaded and displayed on a user computer. BlackRock is not liable for any errors, changes, or omissions that occur during transmission or downloading of information and materials.

Although BlackRock endeavours to update and ensure the accuracy of the content placed on this website, BlackRock does not warrant or guarantee the accuracy or correctness of it or of any other content, materials and/or offers placed on, featured or referred to in or made available by means of this website. Despite the exercise of all due care, some information on this website may have changed since the last update. BlackRock also does not warrant or guarantee that this website, its operation of this website, the content of this website or the server that makes the website available are error or virus free or free of other harmful components or that your use of this website and its content will be uninterrupted.

Exclusion of Liability

In no event shall BlackRock be liable for any damages, including without limitation direct or indirect, special, incidental, or consequential damages, losses or expenses arising in connection with this website or the use thereof or inability to use by any party, or in connection with any failure of performance, error, omission, interruption, defect, delay in operation or transmission, computer virus or line or system failure, even if BlackRock, or representatives thereof, are advised of the possibility of such damages, losses or expenses. BlackRock does not limit or exclude liability for death or personal injury resulting from its negligence or where this would be prohibited by law (including the Rules of the UK Financial Services Authority). Use of hyperlinks to other internet resources is at your own risk.

If you are dissatisfied with the website or its content please contact BAUL on 0845 357 7000, but in any event your exclusive remedy is to discontinue your use of the website and such content.

Claims Concerning Your Use Of Our Website

Where a claim is brought against BlackRock by a third party in relation to your use of this website, you hereby agree to fully reimburse BlackRock for all losses, costs, actions, proceedings, claims, damages, expenses (including reasonable legal costs and expenses), or liabilities, whatsoever suffered or incurred directly by BlackRock in or as a consequence of your breach or non-observance of these terms and conditions and/or your improper use of this website.

Neither party shall be liable to the other, for any loss or damage which may be suffered by the other party due to any cause beyond the first party's reasonable control including without limitation any power failure.

Privacy

If you provide BAUL with personal information through this website, BAUL will treat it in accordance with its privacy policy which can be found at privacy policy.

The internet is not a fully secure medium, and whilst BlackRock will endeavour to secure any private and confidential information sent to BlackRock, the confidentiality and privacy of such information sent through the internet cannot be guaranteed.

Anti Money Laundering

As a result of money laundering regulations, additional documentation for identification purposes may be required when you make your investment. Details are contained in the prospectuses or other constitutional documents of the relevant iShares products.

Telephone Calls

For your protection, telephone calls are usually recorded.

Index Disclaimers

"Barclays Capital Inc." and 'Barclays Belgium Treasury Bond Index', 'Barclays Emerging Markets Local Currency Core Government Bond Index', 'Barclays Euro Corporate Bond Index', 'Barclays Euro Corporate ex Financials Bond Index', 'Barclays Euro Government Inflation-Linked Bond Index' and 'Barclays World Government Inflation-Linked Bond Index' are trademarks of Barclays Bank PLC and have been licensed for use for certain purposes by BlackRock Fund Advisors or its affiliates. iShares® is a registered trademark of BlackRock Fund Advisors or its affiliates.The Underlying Indices are maintained by Barclays Capital. Barclays Capital is not affiliated with the Funds, BFA, State Street, the Distributor or any of their respective affiliates. BFA has entered into a license agreement with the Index Provider to use the Underlying Indices. BFA, or its affiliates, sublicenses rights in the Underlying Indices to the Company at no charge.

'STOXX', 'EURO STOXX 50®' are proprietary and copyrighted material and trade marks and/or service marks of STOXX Limited and have been licensed for use for certain purposes by BlackRock Advisors (UK) Limited and iShares II plc. The iShares ETF is not sponsored, endorsed, sold or promoted by STOXX, and STOXX makes no representation regarding the advisability of investing in such a fund.

'STOXX', 'EURO STOXX® Select Dividend 30' are proprietary and copyrighted material and trade marks and/or service marks of STOXX Limited and have been licensed for use for certain purposes by BlackRock Advisors (UK) Limited. The iShares ETF is not sponsored, endorsed, sold or promoted by STOXX, and STOXX makes no representation regarding the advisability of investing in such a fund.

S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”) and “Dow Jones®” is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates and sublicensed for certain purposes by BlackRock Fund Advisors or its affiliates (“BlackRock”). The Dow Jones Emerging Markets Select Dividend is a product of S&P Dow Jones Indices LLC or its affiliates, and has been licensed for use by BlackRock. The iShares ETF is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, their respective affiliates, and none of S&P Dow Jones Indices LLC, Dow Jones, S&P nor their respective affiliates makes any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the companies listed above. Index data source: S&P Dow Jones Indices LLC.

S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”) and “Dow Jones®” is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates and sublicensed for certain purposes by BlackRock Fund Advisors or its affiliates (“BlackRock”). The Dow Jones Asia/Pacific Select Dividend 30 Index is a product of S&P Dow Jones Indices LLC or its affiliates, and has been licensed for use by BlackRock. The iShares ETF is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, their respective affiliates, and none of S&P Dow Jones Indices LLC, Dow Jones, S&P nor their respective affiliates makes any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the companies listed above. Index data source: S&P Dow Jones Indices LLC.

'FTSE®' is a trade mark jointly owned by the London Stock Exchange plc and the Financial Times Limited (the 'FT') and is used by FTSE International Limited ('FTSE') under licence. The FTSE BRIC 50 Index and FTSE China 25 Index are calculated by or on behalf of FTSE International Limited ('FTSE'). None of the Exchange, the FT nor FTSE sponsors, endorses or promotes the iShares ETFs nor is in any way connected to the funds or accepts any liability in relation to their issue, operation and trading. All copyright and database rights within the index values and constituent list vest in FTSE. BlackRock Advisors (UK) Limited has obtained full licence from FTSE to use such copyright and database rights in the creation of these products.

'FTSE®' is a trade mark jointly owned by the London Stock Exchange plc and the Financial Times Limited (the 'FT'), 'NAREIT®' is a trade mark of the National Association of Real Estate Investment Trusts ('NAREIT') and 'EPRA®' is a trade mark of the European Public Real Estate Association ('EPRA') and all are used by FTSE under licence. The FTSE EPRA/NAREIT Developed Asia Dividend+ Index, FTSE EPRA/NAREIT Developed Dividend+ Index, FTSE EPRA/NAREIT United States Dividend + Index and FTSE EPRA/NAREIT Developed Europe ex UK Dividend+ Index are calculated by FTSE International Limited ('FTSE'). None of the Exchange, the FT, FTSE, Euronext N.V., NAREIT nor EPRA sponsors, endorses or promotes the iShares ETFs nor is in any way connected to the funds or accepts any liability in relation to their issue, operation and trading. All copyright and database rights within the index values and constituent list vest in FTSE, Euronext N.V., NAREIT and EPRA. BlackRock Advisors (UK) Limited has obtained full licence from FTSE to use such copyright and database rights in the creation of these products.

Markit iBoxx is a registered trade mark of Markit Indices Limited and has been licensed for use by BlackRock Advisors (UK) Limited. Markit Indices Limited does not approve, endorse or recommend BlackRock Advisors (UK) Limited or iShares plc. These products are not sponsored, endorsed or sold by Markit Indices Limited and Markit Indices Limited makes no representation regarding the suitability of investing in these products.

"J.P. Morgan" and "J.P. Morgan EMBISM Global Core Index" are trademarks of JPMorgan Chase & Co. licensed for use for certain purposes by BlackRock Institutional Trust Company, N.A. ("BTC"). iShares® is a registered trademark of BTC.J.P. Morgan is the Index Provider for the Underlying Index. J.P. Morgan is not affiliated with the Fund, BFA, State Street, the Distributor or any of their respective affiliates. J.P. Morgan provides financial, economic and investment information to the financial community. J.P. Morgan calculates and maintains the J.P. Morgan EMBISM Global Core Index, J.P. Morgan Emerging Markets Bond Index Plus, J.P. Morgan Emerging Markets Bond Index Global and Emerging Markets Bond Index Global Diversified. Security additions and deletions into the emerging markets bond indexes do not in any way reflect an opinion in the investment merits of the security.

iShares funds are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or any index on which such funds are based. The Prospectus contains a more detailed description of the limited relationship that MSCI has with BlackRock Advisors (UK) Limited and any related funds.

Standard & Poor’s®', 'S&P®', are registered trademarks and 'S&P 500' is a trademark of Standard & Poor’s Financial Services LLC and have been licensed for use for certain purposes by BlackRock Fund Advisors or its affiliates. iShares® is a registered trademark of BlackRock Fund Advisors or its affiliates. The iShares ETF is not sponsored, endorsed, sold or promoted by S&P and S&P makes no representation regarding the advisability of investing in this product.

Variation

BlackRock reserves the right to vary these terms and conditions from time to time. You can access the latest version of the terms and conditions on this website.

Governing Law and Jurisdiction

These terms and conditions and your access to and use of this website and the content are subject to English law and the non-exclusive jurisdiction of the English courts.

© 2012 BlackRock Advisors (UK) Limited. All rights reserved.