Investing to Deliver Shareholder Value

IRH1221U/M-1946957-1/20 Clients are entrusting us with more of their portfolios 9/30 YTD organic base fee growth: BlackRock vs Industry BLK Industry ↓ 13% 9% 21% 13% 12% 8% 16% 14% 2% 7% 43% For Sustainable: Organic Asset Growth shown 20% ETFs ¹ 1 2 4,5 Private Markets Technology Traditional Active 3 Whole Portfolio Sustainable Note: Organic growth rates are annualized. For footnoted information, refer to slides 14-15. BlackRock 7

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