BlackRock Investor Day Presentation Deck

Scale and financial stability allows us to invest significantly in our products Using seed capital to bring products to market more quickly We are seeding new strategies... Gross Seed Activity (¹) $mm $173 2010 BLACKROCK® $325 2011 $596 2012 (1) Includes recycled amounts. $750 2013 ...which is generating strong flows Fund Seeded (Redeemed) Strategic Income Opportunities (SIO) Feb 2010 (Jun 2010) Global Long/ Short Credit Oct 2011 (Jul 2012) Multi Asset Income (MAI) Nov 2011 (Mar 2012) Seed Investment $35mm $40mm $30mm Current AUM $16bn $6bn $7bn 28

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