Investing in Strategic Growth Drivers and Accelerators

IRH0621U/M-1675207-1/171 Organic asset growth higher and less volatile than peers Organic asset growth¹ 5% BLK organic base fee growth 5% 3% 1% (0)% (4)% 1% 5% 5% (7)% A B C D E F G Standard deviation¹ 8% 6% 5% 5% .4% 4% 3% 2% BLK Industry Traditional asset manager peers Captive peers BLK Represents the average of BlackRock's 5 largest US publicly traded asset management peers and 2 captive asset managers Note: For footnoted information, refer to slides 140-141. BlackRock A B C D E F G Captive peers Traditional asset manager peers 124

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