Growth and Transition Strategy Update

ETF & Index Investing at BlackRock is a scale growth platform ETF organic asset and revenue growth $719B 3-year average ETF 10% organic asset growth³ $2.9T $5.9T 3-year ETF net new business² $3.1T ETF & Index AUM¹ $1.1B 3-year ETF organic revenue growth² 3-year average ETF 8% organic revenue growth4 $5.7B 8% 3-year compounded annual ETF growth rate FY 2022 ETF revenue5 Institutional Separate Accounts, Index Mutual Funds & Sub-Advisory ETFs Note: For footnoted information, refer to slide 54. BlackRock $6.8B FY 2022 Total ETF & Index revenue5 43

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