1. PROPRIETARY and CONFIDENTIAL: This material may not be distributed beyond its intended audience. B A R C L A Y S G L O B A L I N V E S T O R S 00-23 2008 YTD$1,941BSponsorMatch ™ for Defined Contribution plans 2007$2,051BFrontier Markets Fund PensionSpan ® Fiduciary Management Platform 2006$1,814BEmerging Markets Strategic Index Partial long/short strategies iPath ® exchange-traded notes 2005$1,513BLiability driven investment solutions 2004 $1,362BActive mortgage strategy Credit long/short strategy 2003$1,070BGlobal Ascent strategy Emerging market currency management 2002$746BAlphaCredit fixed income Fixed income iShares ® ETFs 2001$769BGlobal market neutral strategy Active international equity High yield fixed income 2000$802BiShares ® exchange-traded funds CoreActive fixed income 1999$680BEquity Index Plus funds Active currency management 1998$619BEMU index funds 1997$504BAll country world index funds 1996$410BGlobal asset allocation NeuAlpha TM long/short strategy 1995$256BFirst active bond strategy 1994$158BDedicated Advanced Strategies and Research Group formed 1993$155BLifePath ® series for defined contribution plans 1992$125BInternational Alpha Tilts equity strategy 1991$110BEmerging market equity index funds 1990$83BRussell alpha tilts (1000 and 2000) equity strategies 1989$81BDefined contribution capabilities 1985$30BTransition services Alpha tilts active equity strategy 1981$8BSecurities lending services EAFE equity index funds 1979$5BFirst scientific active equity strategy 1977$3BIndustry’s longest-running tactical asset allocation strategy 1971Index pioneer and innovator LEADING THE SHIFT TO SCIENTIFIC INVESTING FOR 30 YEARS AUM-002 As of 6/30/08. Source: BGI. Assets under management

2. PROPRIETARY and CONFIDENTIAL: This material may not be distributed beyond its intended audience. B A R C L A Y S G L O B A L I N V E S T O R S 00-23 EVIDENCE THAT SKILLFUL ACTIVE MANAGEMENT IS POSSIBLE Statistical evidence of Performance tenureAnnualizedInformationskill vs. luck: Alpha strategies through 6/30/08 alpha % ratioT-stat* Alpha Tilts**22 yrs, 10 mos0.930.502.15 Russell 3000 Alpha Tilts**17 yrs, 10 mos1.160.662.60 Russell 1000 Alpha Tilts**17 yrs, 10 mos1.030.562.22 Russell 2000 Alpha Tilts**18 yrs, 0 mos2.540.782.87 Russell 1000 Value Alpha Tilts**12 yrs, 4 mos0.580.341.16 Russell 2000 Value Alpha Tilts**12 yrs, 3 mos1.240.341.07 Extended Alpha Tilts12 yrs, 3 mos2.110.661.99 International Alpha Tilts † 16 yrs, 3 mos1.270.903.19 Europe ex-UK Alpha Tilts**16 yrs, 4 mos2.391.083.72 UK Alpha Tilts**16 yrs, 4 mos0.380.240.86 Japan Alpha Tilts**20 yrs, 0 mos0.490.201.09 Advanced Active Canadian Equity 10 yrs, 10 mos2.321.333.98 Global Market Neutral7 yrs, 4 mos4.311.724.33 Active International Equity7 yrs, 1 mo2.340.922.24 CoreActive Bond8 yrs, 6 mos0.130.230.59 CorePlus Bond6 yrs, 9 mos0.940.741.79 Active High Yield6 yrs, 9 mos0.960.661.49 Return-Perf-203 *Monthly alpha used in the calculation of the t-statistic. **Returns for funds with longest histories: US Alpha Tilts “A” series, Japan Alpha Tilts “B”, Europe ex-UK Alpha Tilts “A”, UK Alpha Tilts separate account. †Strategy calculated using capitalization-weighted Japan Tilts, UK Tilts and Europe ex-UK Tilts “A” funds and Pacific ex-Japan Index Fund returns through 1/31/96. International Alpha Tilts Fund returns thereafter. Returns as of 6/30/08. Sources: BGI, Frank Russell Company, MSCI, Standard & Poor’s, TSE 300 Index.

3. PROPRIETARY and CONFIDENTIAL: This material may not be distributed beyond its intended audience. B A R C L A Y S G L O B A L I N V E S T O R S 00-23 ACTIVE STRATEGIES The world of Barclays Global Investors LONG-ONLY ACTIVE EQUITY US Strategies Alpha Tilts Extended Alpha Tilts Mid Cap Alpha Tilts Russell 1000 Alpha Tilts Russell 2000 Alpha Tilts Russell 3000 Alpha Tilts Russell 1000 Value Alpha Tilts Russell 2000 Value Alpha Tilts Russell 1000 Growth Alpha Tilts Russell 2000 Growth Alpha Tilts Russell 3000 Growth Alpha Tilts International Strategies Active International Equity Global Market Insights Global ex-US Alpha Tilts International Alpha Tilts World Alpha Tilts World ex-US Alpha Tilts Index Plus Strategies Global ex-US Index Plus Index Plus (S&P 500, Russell 1000) World ex-US Index Plus LONG-ONLY ACTIVE FIXED INCOME US & International Strategies AlphaCredit High Yield AlphaCredit Investment Grade Alpha Emerging Markets Bond Alpha Government Bond Alpha Mortgage Bond CoreActive Bond CoreActive LIBOR CoreAlpha Bond CorePlus Bond Synthetic Core Bond LONG/SHORT Partial Long/Short Strategies Alpha Advantage 500 (S&P 500) Alpha Advantage 1000 (Russell 1000) Alpha Advantage 3000 (Russell 3000) Partial Long/Short Strategies (cont.) Alpha Advantage Europe (MSCI Europe) Alpha Advantage International (MSCI EAFE) Alpha Advantage Japan (MSCI Japan) Alpha Advantage World (MSCI World) Asia Alpha Advantage (MSCI AC Asia ex-Japan) US Alpha Advantage (MSCI US) Global Market Strategies BGI managed fund of internal hedge funds Credit long/short External Manager Selection strategy Global Macro long/short Global Market Neutral Global Fixed Income long/short Rates long/short GLOBAL MARKETS Active Currency Dynamic Currency Hedging LifePath ® Portfolios LifePath ® Retirement LifePath 2010 ® LifePath 2015 ® LifePath 2020 ® LifePath 2025 ® LifePath 2030 ® LifePath 2035 ® LifePath 2040 ® LifePath 2045 ® LifePath 2050 ® * TRADING Rebalancing Strategies Social-Purpose Divestment/Reinvestment Transition Services Temporary Beta Cash Cash Plus Core LIBOR Custom Strategies Money Market 00-23-024 *LifePath 2050 will be available 1/1/2008. As of 9/30/07.

4. PROPRIETARY and CONFIDENTIAL: This material may not be distributed beyond its intended audience. B A R C L A Y S G L O B A L I N V E S T O R S 00-23 GLOBAL ORGANIZATION Barclays Global Investors AUM-004 *Excluding contractors. As of 3/31/08. Source: BGI. Toronto AUM $59.1B Clients 165 Staff 73 London AUM $506.9B Clients 1,143 Staff 1,094 Amsterdam AUM $77.1B Clients 102 Staff 9 Tokyo AUM $182.4B Clients 290 Staff 262 Sydney AUM $38.3B Clients 349 Staff 184 Montreal AUM $5.9B Clients 37 Staff 5 Boston AUM $30.8B Clients 63 Staff 11 Full service office Client service/business development HK/Singapore AUM $12.9B Clients 22 Staff 62 80 years investment experience, originally as part of Wells Fargo Bank. Now, majority-owned subsidiary of Barclays with substantial employee ownership. Total assets managed: $1,968.5 billion Total active assets managed: $398.7 billion 3,537 employees worldwide* serving approximately 2,964 clients in 52 countries Hedge fund assets: $25.3 billion of invested client assets 5th largest hedge fund manager — Bloomberg Magazine 2007 “Transition Manager of the Year” – Global Investor 2006 “Asset Manager of the Year” — Risk Magazine January 2008 #1 Global Asset Manager — Global Investor December 2007 #1 Global Index Manager — Pensions & Investments September 2007 #1 Global ETF Manager — Morgan Stanley Research November 2007 Latin America AUM $19.9B Clients 32 Staff 15 San Francisco AUM $1,008.3B Clients 747 Staff 1,812 Atlanta AUM $26.8B Clients 14 Staff 4