1. Capital Markets Group Oliver McMahon Head of Product, iShares BlackRock Canada May 2011

2. 2 iShares ® Capital Markets Group Manage iShares relationships with broker/dealer trading desks Expand liquidity providers to support client use of iShares ETFs Advocate liquidity platform ETF functionality Represent “market perspective” to internal portfolio management and product teams Promote product/process enhancements that drive asset gathering and improve market quality Portfolio management oversight and primary market trade facilitation Support client service platform with execution services and product insights Transaction cost analysis ETF product structure comparison

3. 3 Level II Data is an Essential Tool Source: Bloomberg L.P. As of 11 April 2011

4. 4 Trading Best Practices Order TypePriceRiskPriority Market Order Execute at the best currently available price Final execution price may differ from the price the order was entered if quote changes significantly Speed Limit Order Execute at or below/above a specified price If the market moves the order may not be executed due to price limitation. Price Marketable Limit Execute at a limit around current market price, taking into consideration trading value of underlying basket If the market moves the order may not be executed due to price limitation. Unfilled portion remains in the book at the specified price, which may become stale. Fill a large order that is larger than the bid/offer displayed, but able to be executed within the bounds of the current market Limits and Marketable Limits have significant advantages when trading ETFs especially if trading near the open and close of the market Since market makers are risk averse, volatility increases the cost of liquidity; the open and close tend to be the most volatile times of the day

5. 5 Source: Bloomberg L.P. As of 11 April 2011 iShares Capital Markets Group

6. 6 THANK YOU For more information, visit www.iShares.ca 1-866-486-4874

7. 77 This presentation is intended for accredited investors in Canada only. iShares® Funds are managed by BlackRock Asset Management Canada Limited. Commissions, management fees and expenses all may be associated with investing in iShares Funds. Please read the relevant prospectus before investing. The funds are not guaranteed, their values change frequently and past performance may not be repeated. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. DEX Universe Bond Index™, DEX All Corporate Bond Index™, DEX All Government Bond Index™, DEX HYBrid Bond IndexTM, DEX Long Term Bond Index™, DEX Real Return Bond Index™, and DEX Short Term Bond Index™ are trademarks of TSX Inc. and have been licensed for use for certain purposes to BlackRock Canada by PC-Bond, a business unit of TSX Inc. XBB, XCB, XGB, XHB, XLB, XRB and XSB are not sponsored, endorsed, sold or promoted by PC-Bond, TSX Inc., its affiliates or third party data providers and they make no representation, warranty, or condition regarding the advisability of investing in the funds. © 2011 BlackRock Asset Management Canada Limited. All rights reserved. iShares® is registered trademark of BlackRock Institutional Trust Company, N.A. Used under license. BlackRock® is a registered trademark of BlackRock, Inc. Used with permission. All other trademarks, service marks or registered trademarks are the property of their respective owners.