These terms and conditions govern your use of this website (www.ishares.com). 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.

These Terms and Conditions are dated 17 October 2016. Access to information displayed on this website may be restricted to certain persons in certain countries. Various iShares products shown on this website have been registered or authorised in different countries and as such are authorised for public offering (to retail and professional clients as defined under the Markets in Financial Instruments Directive (as amended) (“MiFID”) and to qualified investors as defined under the Prospectus Directive (as amended)) 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 (“BAUL”) does not intend information concerning iShares products to be shown to any persons and/or entities who are prohibited from seeing such information by their country of residence, domicile and/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 access this website. Users are also responsible for ensuring that their declarations regarding their countries of residence, domicile and/or incorporation when accessing this website are accurate.

This website is owned and operated by BAUL. The content is provided and managed by BAUL and other companies within its group that are direct and indirect subsidiaries of BlackRock, Inc., (together “BlackRock”).

Regulatory Status

This website has been issued for access in the United Kingdom ("UK") by BAUL, which is authorised and regulated by the Financial Conduct Authority in the UK, number 119186. BAUL is a company registered in England and Wales under company number 00796793, registered address 12 Throgmorton Avenue, London EC2N 2DL, United Kingdom, and registered in the UK with HM Revenue and Customs for the payment of VAT.

Communicating with BAUL

Information about BAUL and iShares Products can be found on this website. Additionally you may contact BAUL by phone on 0845 357 7000, post or email (info@ishares.co.uk) for further information about the iShares Products. BAUL will communicate with you in English and all the documents and information about BAUL and the iShares products which are registered and listed in the UK are available in the English language.

Registrations and Listings

This website indicates in which countries the iShares products are registered or authorised for public distribution and on which principal stock exchanges the iShares products are also listed.

For investors in the UK

Most of the protections provided by the UK regulatory system do not apply to the operation of the iShares products and compensation will not be available under the UK Financial Services Compensation Scheme in the event of their default. The iShares products are recognised schemes for the purposes of the Financial Services and Markets Act 2000. Any decision to invest must be based solely on the information contained in the relevant iShares products’ Prospectus, Key Investor Information Document and the latest half-yearly report and unaudited accounts and/or annual report and audited accounts. Investors should read the fund specific risks in the Key Investor Information Document and the relevant iShares products’ Prospectus.

Selling Restrictions

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 the relevant 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 securities of the iShares products domiciled in Ireland, Germany and Switzerland have not been, and will not be registered under the Securities Act of 1933 of the USA (the “1933 Act”) or the securities laws of any of the states of the United States. Such 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 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 US 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 (or their umbrella companies or managers) may determine. Securities of the iShares products domiciled in Ireland, Germany and Switzerland 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, securities of the iShares products domiciled in Ireland, Germany and Switzerland may not, except pursuant to an exemption from, or in a transaction not subject to the regulatory requirements of, the Investment Company Act of 1940 of the USA, 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 iShares products domiciled in Ireland, Germany and Switzerland have not been, nor will they be, qualified for distribution to the public in Canada as no prospectus for any iShares product domiciled in Ireland, Germany and Switzerland has 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 securities in Canada. No person resident in Canada for the purposes of Canadian income tax legislation may purchase or accept a transfer of securities of any iShares product domiciled in Ireland, Germany and Switzerland unless he or she is eligible to do so under applicable Canadian or provincial laws.

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 securities (which may trade in limited markets) of the iShares products and the income from them may fall as well as rise and an investor may not recover the full amount invested. An investor’s income from iShares products is not necessarily fixed and may fluctuate. 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.

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.

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.

Exchange Traded Funds (ETFs)

The capital return and income of each iShares ETF are based on the capital appreciation and income on the securities it holds, less expenses incurred. Therefore, each iShares ETF’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 ETF. As foreign exchanges can be open on days when shares in an iShares ETF are not priced, the value of the securities in an iShares ETF’s portfolio may change on days when shareholders will not be able to purchase or sell an iShares ETF’s shares.

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

An investment in an iShares ETF 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 ETFs 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.

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 the iShares ETFs domiciled in Ireland 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.

No 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 (personal recommendations or otherwise) 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.

Tax

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.

Intellectual Property Rights

iShares® and BlackRock® are registered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere.

BLACKROCK, BLACKROCK SOLUTIONS, iSHARES, BUILD ON BLACKROCK, SO WHAT DO I DO WITH MY MONEY and the stylized i logo are registered and unregistered trademarks of BlackRock, Inc. or its subsidiaries in the United States and elsewhere. All other trademarks are those 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 BlackRock 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.

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 for any 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 Conduct 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. 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 training, quality and verification purposes, telephone calls are usually recorded.

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 jurisdiction of the English courts. If any provision of these terms and conditions in judicial proceedings is held illegal or unenforceable, such provision shall be severed and shall be inoperative, and the remainder of these terms and conditions shall remain operative, in full force and effect and binding on you.

© 2016 BlackRock, Inc. All Rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, iSHARES, BUILD ON BLACKROCK, SO WHAT DO I DO WITH MY MONEY and the stylized i logo are registered and unregistered trademarks of BlackRock, Inc. or its subsidiaries in the United States and elsewhere. All other trademarks are those of their respective owners.

Index Disclaimers

Bloomberg®”, “Bloomberg CommoditySM (Total Return Index)” are service marks of Bloomberg L.P. and have been licensed for use for certain purposes by BlackRock. Neither Bloomberg Finance L.P. and its affiliates (collectively, “Bloomberg”) nor UBS Securities LLC and its affiliates (collectively, “UBS”) are affiliated with BlackRock Asset Management Deutschland AG, and Bloomberg and UBS do not approve, endorse, review, or recommend iShares Diversified Commodity Swap UCITS ETF (DE). BLOOMBERG and Bloomberg CommoditySM (Total Return Index) are trademarks or service marks of Bloomberg Finance L.P. and have been licensed to BlackRock Asset Management Deutschland AG. Neither Bloomberg nor UBS guarantees the timeliness, accurateness, or completeness of any data or information relating to Bloomberg CommoditySM (Total Return Index).

Bloomberg® is a trademark and service mark of Bloomberg Finance L.P. (collectively with its affiliates, “Bloomberg”). Barclays® is a trademark and service mark of Barclays Bank Plc (collectively with its affiliates, “Barclays”), used under license. Bloomberg or Bloomberg’s licensors, including Barclays, own all proprietary rights in the Bloomberg Barclays Indices. Neither Bloomberg nor Barclays are affiliated with BlackRock Fund Advisors or its affiliates, and neither Bloomberg nor Barclays approves, endorses, reviews, or recommends the iShares ETFs. Neither Bloomberg nor Barclays guarantees the timeliness, accurateness, or completeness of any data or information relating to the relevant indices or any data included therein.

The fund is not sponsored, endorsed, or promoted by MSCI or Barclays, and MSCI and Barclays bear no liability with respect to any such fund or any index on which such fund is based. The Prospectus contains a more detailed description of the limited relationship that MSCI and Barclays have with BlackRock and any related funds.

Copyright © 2017, Citigroup Index LLC. All rights reserved. CITIGROUP is a registered trademark and service mark of Citigroup Inc. or its affiliates, is used and registered throughout the world, and is used under license for certain purposes by BlackRock Advisors (UK) Limited and certain of its affiliates. Reproduction of the Citigroup data and information in any form is prohibited except with the prior written permission of Citigroup Index LLC ('Citigroup'). The iShares ETFs are not sponsored, endorsed, sold or promoted by Citigroup, and Citigroup makes no representation regarding the advisability of investing in such funds. Because of the possibility of human or mechanical error, Citigroup does not guarantee the accuracy, adequacy, completeness or availability of any data and information and is not responsible for any errors or omissions or for the results obtained from the use of such data and information. CITIGROUP GIVES NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall Citigroup be liable for any direct, indirect, special or consequential damages in connection with any use of the Citigroup data and information.

The EURO STOXX®, EURO STOXX® Banks, EURO STOXX® Health Care, EURO STOXX® Select Dividend 30, EURO STOXX® Technology, EURO STOXX® Telecommunications, STOXX® Europe 50 , STOXX® Europe 600 Automobiles & Parts, STOXX® Europe 600 Banks, STOXX® Europe 600 Basic Resources, STOXX® Europe 600 Chemicals, STOXX® Europe 600 Construction & Materials, STOXX® Europe 600 Financial Services, STOXX® Europe 600 Food & Beverage, STOXX® Europe 600 Health Care, STOXX® Europe 600 Industrial Goods & Services, STOXX® Europe 600 Insurance, STOXX® Europe 600 Media, STOXX® Europe 600 Oil & Gas, STOXX® Europe 600 Personal & Household Goods, STOXX® Europe 600 Real Estate Cap, STOXX® Europe 600 Retail, STOXX® Europe 600 Technology, STOXX® Europe 600 Telecommunications, STOXX® Europe 600 Travel & Leisure, STOXX® Europe600, STOXX® Europe 600 Utilities, STOXX® Europe Large 200, STOXX® Europe Mid 200, STOXX® Europe Select Dividend 30, STOXX® Europe Small 200 and STOXX® Global Select Dividend 100 indices and the trademarks used in the index names are the intellectual property of STOXX Limited, Zurich, Switzerland and/or its licensors. The indices are used under license from STOXX. The securities based on the indices are in no way sponsored, endorsed, sold or promoted by STOXX and/or its licensors and neither STOXX nor its licensors shall have any liability with respect thereto.

Standard & Poor’s®', 'S&P®', are registered trademarks and 'S&P Commodity Producers Agribusiness Index', 'S&P 500', 'S&P 500 Minimum Volatility', 'S&P Emerging Markets Infrastructure Index', 'S&P Global Clean Energy', 'S&P Global Timber & Forestry', 'S&P Global Water', 'S&P Commodity Producers Gold', 'S&P Listed Private Equity', 'S&P Commodity Producers Oil and Gas', 'S&P Consumer Discretionary Index', 'S&P 500 Consumer Staples Index', 'S&P 500 Energy Index', 'S&P 500 Financial Services Index', 'S&P 500 Health Care Index', 'S&P 500 Industrials Care Index', 'S&P 500 Information Technology Index', 'S&P 500 Materials Index', 'S&P 500 Utilities Index', 'S&P SmallCap 600' and 'Dow Jones Brookfield Global Infrastructure Multi-Asset Index' are trademarks 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 ETFs are not sponsored, endorsed, sold or promoted by S&P and S&P makes no representation regarding the advisability of investing in these products.

"Dow Jones" andDow Jones Asia / Pacific Select Dividend 30 Index, Dow Jones China Offshore 50SM Index, Dow Jones Global Titans 50SM Index, Dow Jones Industrial Average Index and Dow Jones U.S. Select Dividend Index are licensed for use for certain purposes by BlackRock Asset Management Deutschland AG.The iShares ETFs are not sponsored, endorsed, sold or promoted by Dow Jones and Dow Jones makes no representation regarding the advisability of investing in these products.

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, Dow Jones Industrial Average Index and Dow Jones Emerging Markets Select Dividend Index are products of S&P Dow Jones Indices LLC or its affiliates, and have been licensed for use by BlackRock. The iShares ETF (the “Funds”) are 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 Funds. BlackRock is not affiliated with the companies listed above. Index data source: S&P Dow Jones Indices LLC.

The “Dow Jones Sustainability World Enlarged Index ex Alcohol, Tobacco, Gambling, Armaments, Firearms and Adult Entertainment SM and Dow Jones Sustainability Europe Enlarged Index ex Alcohol, Tobacco, Gambling, Armaments, Firearms and Adult Entertainment SM" is a joint product of Dow Jones Indexes, the marketing name and a licensed trademark of CME Group Index Services LLC ("CME Indexes"), and SAM Indexes GmbH (“SAM”), and has been licensed for use. "Dow Jones®", "[DJSI Index]SM" and "Dow Jones Indexes" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones") and have been licensed to CME Indexes and sublicensed for use for certain purposes by BlackRock Advisors (UK) Limited. Dow Jones, CME Indexes, SAM and their respective affiliates have no relationship to [licensee], other than making of the “Dow Jones Sustainability World Enlarged Index ex Alcohol, Tobacco, Gambling, Armaments, Firearms and Adult Entertainment SM and Dow Jones Sustainability Europe Enlarged Index ex Alcohol, Tobacco, Gambling, Armaments, Firearms and Adult Entertainment SM"(the "Index") and their respective service marks available for use in connection with the iShares.

Euronext Indices B.V. has all proprietary rights with respect to the AEX-index® (the 'Index'). In no way Euronext Indices B.V. sponsors, endorses or is otherwise involved in the issue and offering of the product. Euronext Indices B.V. disclaims any liability to any party for any inaccuracy in the data on which the Index is based, for any mistakes, errors, or omissions in the calculation and/or dissemination of the Index, or for the manner in which it is applied in connection with the issue and offering thereof. 'AEX®' and 'AEX-index®' are registered trademarks of Euronext N.V. or its subsidiaries.

'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, FTSE China 25 Index, FTSE 100 Index, FTSE Actuaries Government Securities UK Gilts All Stocks Index, FTSE 250 Index, FTSE UK Dividend + Index and FTSE UK Conventional Gilts - Up To 5 Years 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 of the London Stock Exchange plc and the Financial Times Limited, 'MIB' is a trade mark of Borsa Italiana SpA ('Borsa Italiana') and both are used by FTSE International Limited ('FTSE') under licence. The FTSE MIB Index is calculated by FTSE with the assistance of Borsa Italiana. Neither FTSE nor its licensors nor Borsa Italiana sponsor, endorse or promote the iShares ETF and are not in any way connected to it and do not accept any liability in relation to its issue, operation and trading. All copyright in the index values and constituent list vest in FTSE. BlackRock Advisors (UK) Limited has obtained full licence from FTSE to use such copyright in the creation of this product.

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 Developed Europe ex UK Dividend+ Index, FTSE EPRA/NAREIT UK Index and FTSE EPRA/NAREIT United States 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.

'FTSE®' is a trade mark jointly owned by the London Stock Exchange plc and the Financial Times Limited (the 'FT'). 'FTSEurofirst®' is a trademark jointly owned by FTSE International Limited ('FTSE') and Euronext N.V ('Euronext'). The FTSEurofirst 100 Index and FTSEurofirst 80 Index are compiled and calculated by or on behalf of FTSE. None of the Exchange, the FT, FTSE or Euronext 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 and Euronext. 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 ('Exchange') and the Financial Times Limited ('FT'), 'Macquarie™' is a trade mark of Macquarie Bank Limited and its related entities and both marks are used by FTSE International Limited ('FTSE') under licence. None of FTSE, Macquarie, the Exchange nor the FT shall be liable (whether in negligence or otherwise) to any person for any error in the Index and none of FTSE, Macquarie, the Exchange nor FT shall be under any obligation to advise any person of any error therein. BlackRock Advisors (UK) Limited has obtained a licence from FTSE to use such copyrights and database rights in the creation of the iShares ETF.

The Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index, iBoxx, Markit iBoxx USD Liquid Investment Grade 0-5 Index, Markit iBoxx USD Liquid High Yield 0-5 Capped Index, Markit iBoxx USD Liquid Investment Grade Ultrashort Index, Markit iBoxx GBP Corporates 0-5 Index, Markit iBoxx GBP Non-financials Index, Markit iBoxx GBP Liquid Investment Grade Ultrashort Index, Markit iBoxx EUR Liquid Corporates Large Cap Index, Markit iBoxx € Covered Index, Markit iBoxx EUR Liquid Investment Grade Ultrashort Index, Markit iBoxx GBP Liquid Corporates Large Cap Index, Markit iBoxx Euro Sovereigns Inflation-Linked Index Nom. (Mid), Markit iBoxx Global Developed Markets Liquid High Yield Capped (CHF Hedged) Index, Markit iBoxx Global Developed Markets Liquid High Yield Capped (GBP Hedged) and Markit iBoxx Global Developed Markets Liquid High Yield Capped Index referenced herein are the property of Markit Indices Limited and is used under license. The iShares ETFs are not sponsored, endorsed, or promoted by Markit Indices Limited.

Markit iBoxx is a registered trade mark of Markit Indices Limited and has been licensed for use by BlackRock Asset Management Deutschland AG. Markit Indices Limited does not approve, endorse or recommend BlackRock Asset Management Deutschland AG or iShares ETF. 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 the products.

The ICE Index mentioned in this document is a service mark of Interactive Data Pricing and Reference Data, LLC or its affiliates (“Interactive Data”) and has been licensed for use by BlackRock, Inc. in connection with the fund. Neither BlackRock, Inc. nor the fund is sponsored, endorsed, sold or promoted by Interactive Data. Interactive Data makes no representations or warranties regarding BlackRock, Inc. or the fund or the ability of the fund to track the applicable Index. INTERACTIVE DATA MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE ICE INDEX OR ANY DATA INCLUDED THEREIN. IN NO EVENT SHALL INTERACTIVE DATA HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, DIRECT, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS) EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

"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.

The “JPX-Nikkei Index 400” and “JPX-Nikkei 400 Net Total Return EUR Hedged Index” (hereinafter collectively referred to as the “Index”) are copyrightable works calculated using such methodology independently developed by Japan Exchange Group, Inc. and Tokyo Stock Exchange, Inc. (hereinafter collectively called “JPX Group”) and Nikkei Inc. (hereinafter called “Nikkei”). JPX Group and Nikkei jointly own copyrights and any other intellectual property rights subsisting in “Index” itself and the methodology to calculate “Index”. The Fund is not in any way sponsored, endorsed or promoted by JPX Group and Nikkei. JPX Group and Nikkei do not make any warranty or representation. JPX Group and Nikkei have no obligation to publish “Index” continuously and shall not be liable for any errors, delays or suspensions of the publication of “Index”.

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.

The Fund is not sponsored, endorsed, sold or promoted by Morningstar. Morningstar makes no representation or warranty, express or implied, to the owners of shares of the Fund or any member of the public regarding the advisability of investing in securities generally or in the Fund particularly or the ability of the Morningstar Emerging Markets Corporate Bond Index (the “Index”) to track general stock market performance. Morningstar’s only relationship to the Company or to the BlackRock group is the licensing to the BlackRock group of certain trademarks and trade names of Morningstar and of the Index which is determined, composed and calculated by Morningstar without regard to the BlackRock group, the Company or the Fund. Morningstar has no obligation to take the needs of the BlackRock group or the owners of the shares of the Fund into consideration in determining, composing or calculating the Index. Morningstar is not responsible for and has not participated in the determination of the prices and amount of shares of the Fund, or the timing of the issuance or sale of such shares or in the determination or calculation of the equation by which shares of the Fund are to be converted into cash. Morningstar has no obligation or liability in connection with the administration, marketing or trading of shares of the Fund. Morningstar does not guarantee the accuracy or the completeness of the Index or any data included therein and Morningstar shall have no liability for any errors, omission, or interruptions therein.

Morningstar makes no warranty, express or implied, as to results to be obtained by the BlackRock group, owners of shares of the Fund or any other person or entity from the use of the Index or any data included therein. Morningstar makes no express or implied warranties and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the Index or any data included therein. Without limiting any of the foregoing, in no event shall Morningstar have any liability for any special, punitive, direct, indirect or consequential damages (including lost profits) resulting from the use of the Index or any data included therein, even if notified of the possibility of such damages.

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.

Nasdaq®', 'Nasdaq-100®' and 'Nasdaq-100 Index®' are trademarks of the Nasdaq Stock Market Inc. (which with its affiliates is referred to as the 'Corporations') and are licensed for use by BlackRock Asset Management Deutschland AG. iShares NASDAQ-100® (DE) is not issued, endorsed, sold or promoted by the Corporations. The Corporations make no warranties and bear no liability with respect to the Product.

Nasdaq®, Nasdaq 100 and OMX Stockholm Benchmark Cap™ are registered trademarks of the NASDAQ, Inc. (referred to below as “corporation” jointly with its affiliates) and are licensed for use by BlackRock Asset Management Ireland Limited. The corporation bears no liability for the legality or suitability of the products. The products are not issued, subscribed, sold or promoted by the corporation. The corporation makes no warranties and bears no liability with respect to the products.

Nikkei 225 is protected by a copyright and is calculated according to criteria independently developed and created by Nikkei Inc. Nikkei Inc. is the only and exclusive owner of the copyrights and other intellectual property rights on Nikkei 225 and on the relevant calculation criteria. Nikkei Digital Media Inc., upon authorization of Nikkei Inc., licensed the use of Nikkei 225 as index for the fund to the licensee. The intellectual property and any other right related to the trademarks connected with Nikkei and Nikkei 225 are granted to Nikkei Inc. Nikkei Inc. and/or Nikkei Digital Media, Inc. do not sponsor, support, sell or advertise the fund. Nikkei Inc. and/or Nikkei Digital Media, Inc. are not connected in any way with the fund and license the use of certain trademarks and of Nikkei 225 for the fund itself to the licensee. The licence agreement between Nikkei Digital Media, Inc. and the licensee grants no right to any third party. The fund is managed at the licensee’s exclusive risk; Nikkei Inc. and/or Nikkei Digital Media, Inc. assume no obligation or liability with respect to the management and transactions of the fund. Nikkei Inc. and/or Nikkei Digital Media, Inc. bear no liability for the correctness of the fund’s calculations or relevant data. Nikkei Inc. and/or Nikkei Digital Media, Inc. have no obligation to continue to publish the Nikkei 225 and are not responsible for any errors, delays, interruptions, suspensions or termination of the relevant publication; Nikkei Inc. and Nikkei Digital Media, Inc. are authorized to change the description of securities, calculation criteria or any other detail of Nikkei 225 and have the right to interrupt or stop the announcement of Nikkei 225 with no responsibility towards the licensor or any third party.

The iShares ETF is not sponsored, endorsed, or promoted by the Tel-Aviv Stock Exchange Ltd, and the Tel-Aviv Stock Exchange Ltd bears no liability with respect to any such fund or any index on which such fund is based. The Prospectus contains a more detailed description of the limited relationship that the Tel-Aviv Stock Exchange Ltd has with BlackRock and any related funds.