San Francisco, CA, September 2, 2010—BlackRock, Inc. (NYSE: BLK) today announced that the iShares Exchange Traded Funds (ETFs) business, the world's largest provider of ETFs, launched the iShares MSCI New Zealand Investable Market Index Fund (ENZL) on the NYSE Arca today. The fund is the first ETF focused solely on the New Zealand market.

"The iShares MSCI New Zealand Investable Market Index Fund provides financial professionals, institutions and individuals first-to-market access to a developed country in the midst of a strong economic recovery," said Noel Archard, Head of US Product at iShares, BlackRock. "As the trend for international investing via single countries increases, the new iShares fund further enhances our large single country iShares ETF lineup. Investors are increasingly interested in the precision of single country investing to implement international-focused investment strategies."

According to the International Monetary Fund¹, New Zealand is expected to have real GDP growth of about three percent per year in 2010 and 2011 with inflation targeted at one- to three-percent in the medium term. The country's economy has benefitted from high growth rates in the neighboring economies of Asia and Australia.

The iShares MSCI New Zealand Investable Market Index Fund is designed to track the MSCI New Zealand Investable Market Index. The underlying Index is a free-float adjusted market capitalization weighted index designed to measure the performance of equity securities in the top 99 percent by market capitalization of the equity securities listed on stock exchanges in New Zealand. The largest sector weightings of the index include materials (23 percent), telecommunications (16 percent) and consumer discretionary (14 percent).

About BlackRock: BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At March 31, 2010, BlackRock's AUM was $3.364 trillion. BlackRock offers products that span the risk spectrum to meet clients’ needs, including active, enhanced and index strategies across markets and asset classes. Products are offered in a variety of structures including separate accounts, mutual funds, iShares^® exchange traded funds, and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions^®. Headquartered in New York City, as of March 31, 2010, the firm has approximately 8,500 employees in 24 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company's website at www.blackrock.com 

About iShares: iShares is the global product leader in exchange traded funds with over 430 funds globally across equities, fixed income and commodities, which trade on 16 exchanges worldwide. The iShares Funds are bought and sold like common stocks on securities exchanges. The iShares Funds are attractive to many individual and institutional investors and financial intermediaries because of their relative low cost, tax efficiency and trading flexibility. Investors can purchase and sell shares through any brokerage firm, financial advisor, or online broker, and hold the funds in any type of brokerage account. The iShares customer base consists of the institutional segment of pension plans and fund managers, as well as the retail segment of financial advisors and high net worth individuals.

Contacts for Press:

Lance Berg

415-670-2045

lance.berg@blackrock.com

Christine Hudacko

415-670-2687

christine.hudacko@blackrock.com

All Other US Inquiries:

1-800-iShares (1-800-474-2737)

Carefully consider the funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the funds' prospectuses, which may be obtained by calling 1-800-iShares (1-800-474-2737) or by visiting www.iShares.com. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal. In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Narrowly focused investments and securities focusing on a single country typically exhibit higher volatility.

Transactions in shares of the iShares Funds will result in brokerage commissions and will generate tax consequences. iShares Funds are obliged to distribute portfolio gains to shareholders. Shares of the iShares Funds may be sold throughout the day on the exchange through any brokerage account. However, shares may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units.

The iShares Funds ("Funds") are distributed by SEI Investments Distribution Co. ("SEI"). BlackRock Fund Advisors ("BFA") serves as the investment advisor to the Funds. BlackRock Fund Distribution Company ("BFDC") assists in the marketing of the Funds. BFA and BFDC are affiliates of BlackRock, Inc., none of which is affiliated with SEI. BlackRock, Inc., and its affiliates and SEI and its affiliates are not affiliated with Market Strategies International.

©2010 BlackRock Institutional Trust Company, N.A. 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.

* Not FDIC Insured * No Bank, State or Federal Guarantee * May Lose Value