Growth and Transition Strategy Update

Diversified platform supports 5% organic base fee growth target 7% 3-Year Average BlackRock Organic Base Fee Growth² Effective Fee 17 8 31 Rates (bps)¹ 14% 27 40 67 12 19% 12% 3-Year Avg Organic Base Fee Growth 7% 6% 4% 6% Rates² Strategic Core Equity 1% Precision ETFs Active ex-Illiquid Alts4 Illiquid Cash Alts Non- ETF Index Tech5 (FY 2022) % Contribution to 2022 Revenue³ Note: For footnoted information, refer to slide 135. BlackRock 35% 38% 6% 5% 8% 8% 123

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