BlackRock Investor Day 2021

Managing complexity at scale and with precision IRH0621U/M-1675207-1/171 Our ETFs delivered under extreme stress conditions in 2020 Greater usage Lower trading costs Price discovery Tight tracking Efficient market making 29% increase in iSharesⓇ ETF trading volume (U.S. and Europe)¹ 45% tighter spreads for iShares ETFs than competitors in the U.S.; 29% in Europe¹ Our U.S. fixed income ETFs traded hundreds of times more than their underlying bonds² On average, U.S. iShares equity ETFs tracked their benchmarks more closely than their peers¹ Over two dozen different APs created and redeemed iShares ETFs in Europe and the U.S. We are integrating deeply into the ETF ecosystem to maintain high market quality and increase scale Market makers & authorized participants Index providers ETFs built into AladdinⓇ and third party trading workflows BlackRock's ETF and index engine Custom analytics and self-indexing Trading venues ETF servicing Note: For footnoted information, refer to slides 30-31. BlackRock 28

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