IRISH DOMICILED FUND

SHYU
Fund description

iSHAREs MARKIT iBOXX $ HIGH YIELD CAPPED BOND

Fund data as at 13 September 2011 Index data as at 31 August 2011

FOR UK AND IRELAND INVESTORS ONLY

Fund facts
UCITS compliant Umbrella company Domicile Fund manager UK Reporting Fund Status Benchmark index Fund value Total expense ratio Number of holdings ETF methodology* Inception date Base currency Index Yield (%) Index Modied duration (years) Index Maturity (years) Index Coupon (%) London Stock Exchange (Sterling) Yes iShares II plc Ireland BlackRock Advisors (UK) Limited Seeking Markit iBoxx USD Liquid High Yield Capped Index $27.5m 0.50% c. 105 Sampled 13 September 2011 USD 8.42% 4.16 years 6.77 years 8.40% Exch code Reuters Bloomberg Bloomberg INAV Reuters INAV SEDOL Trading currency London Stock Exchange (USD) Exch code Reuters Bloomberg Bloomberg INAV Reuters INAV SEDOL Trading currency
1-3 years 0.22% 3-5 years 22.57% 5-7 years 32.56% 7-10 years 42.72% 10-15 years 1.93%

iShares Markit iBoxx $ High Yield Capped Bond is an exchange traded fund (ETF) that aims to track the performance of the Markit iBoxx USD Liquid High Yield Capped Index as closely as possible. The ETF invests in physical index securities. The Markit iBoxx USD Liquid High Yield Capped Index consists of the most liquid US Dollar denominated corporate bonds with a subinvestment grade rating, while maintaining a focus on UCITs eligibility. The maximum original time to maturity is 15 years and the minimum time to maturity is three and a half years for new bonds to be included and three years for bonds that already exist in the index. For diversication purposes the weight of each issuer in the index is capped at 3%. iShares ETFs are funds managed by BlackRock. They are transparent, cost-efcient, liquid vehicles that trade on stock exchanges like normal securities. iShares ETFs offer exible and easy access to a wide range of markets and asset classes.

Index sector allocation

Tele & Tech 21.61% Industrials & Materials 20.42% Consumer Services 20.26% Utilities & Energy 19.79% Financials 12.13% Consumer Goods 5.81%

Index country allocation

United States 91.49% Luxembourg 3.19% Canada 1.67% United Kingdom 1.32% Cayman Islands 0.75% Bermuda 0.64% Netherlands 0.56% France 0.29% Germany 0.09%

SHYU SHYU.L SHYU LN INAVDHYG IHYUGINAV.DE B4QJ149 GBP IHYU IHYU.L IHYU LN INAVDHYU IHYUUINAV.DE B4PY7Y7 USD

Index data as at 31 August 2011. Source: Markit iBoxx.

Index data as at 31 August 2011. Source: Markit iBoxx.

Index credit rating

BB 42.93% B 40.40% CCC 14.52% CC 2.15%

Index maturity
ISIN Bloomberg total return index ticker Bloomberg price index ticker Reuters price index ticker Reuters total return index ticker Income treatment Dividend frequency

IE00B4PY7Y77 TBC TBC .IBOXHYCP .IBOXHYCT Distributing Semi Annual

The next dividend payment for this fund will be November 2011 Index data as at 31 August 2011. Source: Markit iBoxx. Index data as at 31 August 2011. Source: Markit iBoxx. Underlying index rebalance frequency PEA Eligible? ISA/SIPP available? Monthly No Yes**

Fund performance
No performance figures can be displayed for this fund as it has been running for less than 12 months. Past performance is not a reliable indicator for future results. The aim of iShares ETFs is to offer investors returns based on the performance of the relevant underlying index. Using ETFs as building blocks, you can spread the risk of individual companies, entire sectors or even whole countries suffering losses. However, they will not mitigate all market risk, and you can still lose some, or all of your investment should the value of the underlying shares decrease. Note that investment in this fund may to expose you to currency risk and it may be subject to specific risk considerations. For more details please refer to the prospectus.

Source: BlackRock Advisors (UK) Limited and Bank of Ireland

* E  TF methodology: A physical ETF aims to buy all of the securities in the underlying index and holds them as fund assets (a process known as full replication). In some instances, however, a physical fund will only hold a subset of the underlying index holdings, specically constructed to emulate as best as possible the overall performance of the underlying index (a process known as optimisation for equity funds, or sampling for xed income funds). **  Please contact your broker or financial adviser for further information.

Affiliated companies of BlackRock Advisors (UK) Limited may make markets in the securities mentioned in this publication. Further, BlackRock Advisors (UK) Limited and/or its affiliated companies and/or their employees from time to time may hold shares or holdings in the underlying shares of; or options on any security included in this publication and may as principal or agent, buy or sell securities.

Issued by BlackRock Advisors (UK) Limited.

iShares Markit iBoxx $ High Yield Capped Bond

Top 10 Index holdings
Issuer Rating % of Index 1.16% 1.08% 0.91% 0.90% 0.87% 0.85% 0.82% 0.75% 0.74% 0.72%

Lyondell Chemical Co11%, 01/05/2018 HCA INC9.25%, 15/11/2016 Community Health Systems8.875%, 15/07/2015 First Data Corp12.625%, 15/01/2021 Intelsat Luxembourg SA11.25%, 04/02/2017 Harrah's Operating Co Inc10%, 15/12/2018 American General Finance Corp6.9%, 15/12/2017 CIT Group Inc7%, 01/05/2017 Harrah's Operating Co Inc11.25%, 01/06/2017 Energy Future Intermediate Holding Co LLC / EFIH Finance Inc10%, 01/12/2020

BB BB B CCC CCC CC B B B B

Index data as at 31 August 2011. The ratings above are an average taken from S&P, Moodys and Fitch rating agencies. Source: Markit iBoxx.

Regulatory Information BlackRock Advisors (UK) Limited, which is authorised and regulated by the Financial Services Authority (FSA), registered office at 12 Throgmorton Avenue, London, EC2N 2DL, England, Tel +44 (0)20 7743 3000. iShares plc, iShares II plc, iShares III plc, iShares IV plc and iShares V plc (together the Companies) are open-ended investment companies with variable capital having segregated liability between their funds organised under the laws of Ireland and authorised by the Financial Regulator. For investors in Ireland Important information on the Companies is contained in the relevant Prospectus and other documents, copies of which can be obtained by calling 0845 357 7000, from your broker or financial adviser, by writing to BlackRock Advisors (UK) Limited, iShares Business Development, 12 Throgmorton Avenue, London, EC2N 2DL or by writing to the Manager of the Companies: BlackRock Asset Management Ireland Limited, New Century House, International Financial Services Center, Mayor Street Lower, Dublin 1, Ireland. For investors in the UK Most of the protections provided by the UK regulatory system do not apply to the operation of the Companies, and compensation will not be available under the UK Financial Services Compensation Scheme on its default. The Companies are recognised schemes for the purposes of the Financial Services and Markets Act 2000. Important information is contained in the relevant prospectus, the simplified prospectus and other documents, copies of which can be obtained by calling 0845 357 7000, from your broker or financial adviser, by writing to BlackRock Advisors (UK) Limited, iShares Business Development, 12 Throgmorton Avenue, London, EC2N 2DL. Restricted Investors This document 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 in the United States or Canada. This document is not aimed at persons who are resident in the United States, Canada or any province or territory thereof, where the companies/securities are not authorised or registered for distribution and where no prospectus has been filed with any securities

commission or regulatory authority. The companies/securities may not be acquired or owned by, or acquired with the assets of, an ERISA Plan. Risk Warnings Investment in the products mentioned in this document may not be suitable for all investors. Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product. The price of the investments may go up or down and the investor may not get back the amount invested. Your income is not fixed and may fluctuate. The value of investments involving exposure to foreign currencies can be affected by exchange rate movements. We remind you that the levels and bases of, and reliefs from, taxation can change. BlackRock has not considered the suitability of this investment against your individual needs and risk tolerance. The data displayed provides summary information, investment should be made on the basis of the relevant Prospectus which is available from your Broker, Financial Adviser or BlackRock Advisors (UK) Limited. We recommend you seek independent professional advice prior to investing. In respect of the products mentioned this document is intended for information purposes only and does not constitute investment advice or an offer to sell or a solicitation of an offer to buy the securities described within. This document may not be distributed without authorisation from BlackRock Advisors (UK) Limited. Index Disclaimers 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. This product is not sponsored, endorsed or sold by IIC and IIC makes no representation regarding the suitability of investing in this product. iShares is a registered trademark of BlackRock Institutional Trust Company, N.A. All other trademarks, servicemarks or registered trademarks are the property of their respective owners. 2011 BlackRock Advisors (UK) Limited. Registered Company No. 00796793. All rights reserved. Calls may be monitored or recorded. IS-FFS-SHYU-R-SEP11-EN

www.iShares.co.uk ISHARES <GO> 0845 357 7000