iShares: diversified exposure in one trade
iShares are open-ended Exchange Traded Funds (ETFs) that are traded like any other listed share on major stock exchanges. A single trade in an iShares ETF provides exposure to a diversified portfolio of international securities/companies.

iShares: the combined advantages of index mutual funds and shares
iShares provide investors with a variety of benefits:

• Diversification - own an entire market, country or region with one trade
• Accessibility - buy and sell iShares just like shares throughout the trading day
• Trading flexibility - place market, limit or stop orders, short sell, or include iShares in a margin lending portfolio
• Liquidity - in addition to exchange trading volume, the unique creation/ redemption mechanism provides a second layer of liquidity
• Transparency - you know what you are buying, with underlying holdings and expense ratios fully disclosed
• Solid returns - iShares ETFs provide returns similar to the underlying indexes with low expense ratios, avoiding management fees eating into long term investment returns

iShares: the exposure you need, when you need it
iShares is the world's most extensive family of exchange traded funds ("ETFs"). It has more than 340 funds which are currently traded on several different stock exchanges around the world.

iShares trade like shares on any other exchange. They can be bought or sold through any broker and are available on most trading platforms. They can be traded anytime during normal trading hours using trading strategies associated with shares such as market orders, limit orders, stop orders, short sales and margin lending.

iShares offer diversified global exposure as wide-ranging as a collection of emerging markets (representing 20+ countries and 300+ companies) or as focused as a single market or industry. Each fund provides easy access for investors to gain exposure to a variety of factors, where the exposure criteria includes market capitalization, single country, regional and international.

The company behind iShares
iShares is part of Barclays Global Investors ("BGI"), the world's largest asset manager1, which had nearly US$2 trillion in assets under management as of the end of March 2008. We are the largest manager of index funds2, and the global leader in the ETF business with a worldwide market share of 49%3.

In 1971, BGI pioneered the concept of index investing when the company introduced the world's first index strategy. Since then, we have expanded our capabilities to include index funds that accurately and inexpensively capture the returns and risk of a broad spectrum of asset classes and investment styles around the world.

With a strong track record of product innovation, BGI leads the world in ETFs by a wide margin with funds covering a comprehensive range of asset classes, market sectors and segments, investment styles and geographic locations.

With new iShares funds on the way, BGI is committed to providing an even greater variety of ETFs to satisfy the growing demand of investors worldwide.

1 Global Investor 12/07
2 Morgan Stanley Q1 2008 ETF Global Review
3 Morgan Stanley Q1 2008 ETF Global Review