BUILT FOR THESE TIMES

CREATING A BETTER FINANCIAL FUTURE

At BlackRock, we are committed

to providing the leadership and answers you need to navigate today’s challenging markets. Since our founding nearly 25 years ago, we have been able to tackle our clients’

through a long history of innovation.

investors’ greatest needs, introducing:  multi-asset strategies

 ETFs (exchange-traded funds)

uncertain than ever, we are committed to helping investors build portfolios for these times.

1988BlackRock founded

1995Affiliated with PNC to be its fixed income investment manager

1996Assumed responsibility for PNC’s open-end mutual funds

1998Integrated equity, fixed income, liquidity and mutual funds under the BlackRock name

1999Initial public offering (NYSE:BLK) with PNC as majority shareholder

2007 Acquisition of Fund of Funds business from Quellos Group

2005Acquired State Street Research and Management and SSR Realty

$4,000

$3,000

$2,000

$1,000

$0

2000Launched BlackRock Solutions® _{for risk} management and technology services

2006Merged with Merrill Lynch Investment Managers

2009Merged with Barclays Global Investors and acquired iShare

2010Established BlackRock Solutions hub in Gurgaon, India

2012Purchase of Claymore, Swiss Re, and the ETF business from Credit Suisse s

0

600

1200

1800

2400

3000

3600

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 1Q13 3.2 tr

1.4 tr1.3 tr 1.1 tr 452 342 309 273 239 204 165 131 105 83 69 53 23 17 8 4 2 1.2

3 _{.5 tr} 3 3

.8 tr3.9 tr 3.6tr

Clients of all types come to BlackRock, from individual investors—parents and grandparents, doctors and teachers—to the largest institutional clients—pensions, endowments, foundations

challenges. Our goal is to be more respected tomorrow than we are today, and to earn that respect by serving the best interests of clients.

We Are a Fiduciary

period

objectives, risk tolerance and time horizons.

PUTTING YOUR INTERESTS FIRST

Clients in Good Company

Many of the world’s largest organizations depend on us.

United States and around the globe.

Of the FORTUNE 100 largest companies

Of the 25 largest US endowments and foundations Of the top 25 insurers globally Of the largest 100 US retirement plans

88

23

19

95

%

• AT&T

• Freddie Mac

• Google

• HSBC

• ING

WE WORK FOR:

• Financial Advisors

• Corporations

• Foundations

• Pension Funds

• Sovereign Wealth Funds

WE’VE ADVISED IN CHALLENGING TIMES:

• AIG

• Bank of Greece

• Central Bank of Ireland

• Federal Reserve Bank of New York

• Her Majesty’s Treasury

• UBS

WE PARTNER WITH, AMONG OTHERS:

We are passionate about our work and intensely focused on performing at the highest levels. To get there, we strive to outthink and outwork competitors and find the best balance of risk and return across all investment styles on behalf of clients. Diversity strengthens us; our best solutions come from the contributions of a group of talented and smart people, each playing a unique- and critical- role.

PEOPLE PASSIONATE ABOUT RESULTS

120+

Investment teams at BlackRock managing 7,000+ portfolios

10,000

Employees worldwide

1

IN

10

Employees hold the CFA designation

25

% Of employees have a Master’s, MBA or PhD

43

% Of employees based outside the US

4x

PER WEEK

Daily global meetings are held where all of BlackRock’s investment teams exchange ideas and critical market information

We believe risk management is not about avoiding risk. It’s about understanding more deeply the risks involved when making investment choices. BlackRock’s goal is to ensure that risks taken are deliberate,

Leading banks, insurance companies and sovereign nations rely on our risk-management expertise and proprietary risk management technology to examine and understand the risk in their portfolios. This allows our investment teams to

the numbers and bring clarity to your most daunting

HELPING YOU NAVIGATE INVESTMENT RISK

$

₁₄

_TRILLION

Dollars analyzed by our proprietary risk management software, Aladdin®

30,000

Portfolios examined by Aladdin every minute of the day

5,000

Portfolio stress tests run every week

3,000

Active risk factors monitored daily, from interest rates to currencies

CONNECTING GLOBALLY TO

MAKE SMARTER DECISIONS

Clients in 100 Countries

The breadth of our global platform—with

more than 10,000 “feet on the street” in six continents—gives us better information and sharper insight into today’s rapidly changing and interconnected markets. And our ability to share and compare that information across teams and time zones helps us translate local insight

in one part of the world into foresight —and action —in another. It’s part of what makes our people—and our clients—better, smarter investors.

Called on by central banks and government agencies in Greece, Ireland and across Europe for guidance in the midst of the debt crisis.

Brought in to help the US Government manage billions in toxic assets from

Mobilized on the ground to gauge investment risks for clients and contributed to earthquake and tsunami. WHERE OUR CLIENTS ARE

Americas

Europe, the Middle East, Africa

ASSETS MANAGED (Dollars in billions) $_2,313 $_1,176

$₃₀₃

...And in Boardrooms Everywhere, on Behalf of Clients.

Feet On the Ground... where we work to gain insights that shape stronger investment decisions on behalf of clients worldwide

Companies where we vote our clients’ shares

Companies where we own more than 5% on behalf of our clients

12,000+

2,500

68

31

%

TRILLION

BILLION

DELIVERING SOLUTIONS FOR

THE NEW WORLD OF INVESTING

BlackRock has built solutions around investors’ greatest needs,

and investment vehicles, including:

 mutual funds  ETFs

 separately managed accounts  alternatives

BlackRock: Total Assets of $3.94 Trillion1

32

%

FIXED INCOME

51

%

EQUITY

7

%

CASH MANAGEMENT

7

%

MULTI-ASSET

1

%

ADVISORY

3

%

ALTERNATIVES

TOP 10

Only asset manager ranked in the top 10 for open-end funds, ETFs, separately managed accounts and closed-end funds (based on AUM)2 $

_3.94

_TRILLION

Largest asset manager with

$3.94 trillion in assets under management (AUM)1_{, equal to}

54% of China’s 2012 GDP

$

₈₀₉

_BILLION

iShares® is the world’s leading

ETF provider, with more than $809 billion in AUM3

The World’s Largest Investment Manager

1 AUM as of 3/31/2013. 2 Based on assets under management. All AUM data is retail. Source: Intermediary-sold OEF 6/30/12, CEF; ETF, Simfund data; SMA 12/31/11 Cerulli data. US retail rankings based on assets under management. 3 Source: BlackRock ETP Landscape March 2013. Based on number of ETFs, AUM and market share.

Source: BlackRock, as of 3/31/2013; ranking source: Pensions & Investments as of 12/31/10. Rankings calculated annually. Issued in Australia by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975 AFSL 230523 (“BIMAL”). BIMAL is a wholly-owned subsidiary of BlackRock, Inc. (collectively “BlackRock”). BlackRock, its officers and employees believe the information in this document is correct at the time of issue, but no warranty of accuracy or reliability is given and no responsibility arising in any way for errors or omissions (including responsibility to any person by reason of negligence) is accepted by BlackRock, its officers and employees. This document contains general information only and does not take into account an individual’s circumstances and consideration should be given to talking to a financial or other professional adviser before making an investment decision. No guarantee as to the capital value of investments in the fund nor future returns is made by BlackRock or any company in the BlackRock group.

© 2013 BlackRock, Inc. All Rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, ALADDIN, iSHARES, and INVESTING FOR A NEW WORLD 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, used with permission.