Privacy Statement

BlackRock recognizes the importance of protecting your personal and financial information when you visit our website located at www.blackrock.com. The following information is designed to help you understand the information collection practices at this Website.

Changes to this Privacy Policy

BlackRock reserves the right to change, modify, add, or remove portions of this Privacy Policy at any time for any reason. We suggest that you review this policy periodically for changes. The current version of this Privacy Policy can be accessed from the link on our homepage, or at the bottom of our other Website pages. You acknowledge that by accessing our Website after we have posted changes to this Privacy Policy, you are agreeing to the terms of the Privacy Policy as modified.

Information Collection and Use

Personally Identifiable Information: The personally identifiable information you submit to our Website is used only to service your account and/or to provide you with information on BlackRock products and services. The types of personal information that may be collected at our Website include: name, address, email address and telephone number. We will not sell, share or rent your personally identifiable information to others in contravention of this Privacy Policy.

Additionally, if this Website is a password protected site, then (a) once you submit your password and enter, this Website will recognize who you are and will collect all information that you submit, including all electronic instructions (including all transaction information), and (b) any information collected about you from this Website may be associated with other identifying information that we have about you.

Aggregate Information: We generally record certain usage information, such as the number and frequency of visitors to our Website. This information may include the websites that you access immediately before and after your visit to our Website, the Internet browser you are using and your IP address. If we use such data at all it will be on an aggregate basis, and we will not disclose to third parties any information that could be used to identify you personally.

"Cookies" are small files placed on your hard drive. Each website that you visit can send its own cookie to your browser if your browser preferences allow it. You can configure your browser to accept all cookies, reject all cookies, or notify you when a cookie is set. Each browser is different, so check the "Help" menu of your browser to learn how to change your cookie preferences. You are always free to decline our cookies if your browser permits, although in that case you may not be able to use certain features on our Website. In addition, a number of companies offer utilities designed to help you visit websites anonymously.

Cookies or other technology help us to provide customized services and information. We use cookies to tell us how and when pages in our Website are visited, what our users' technology preferences are (such as what type of video player they use) and whether our Website is functioning properly.

If this is a password-protected site, then this Website may use cookies or other technology to help us authenticate you, store and recognize your configuration and user attributes, facilitate your navigation and entitlements throughout the Website and customize its content so that the information made available is more likely to be of interest to you

Additionally, you may encounter cookies or other similar devices on our Website that are placed by third parties. We do not control the use of cookies by third parties.

Privacy Preferences: This Site may contain information, including P3P privacy policies ("Privacy Preference Information"), intended to work with your selected privacy preferences. While we have tried to make such Privacy Preference Information included within this Site conform to this full-text Online Privacy Statement, this Online Privacy Statement is the definitive statement of privacy policies and practices for this Site.

Service Providers: We may use internal service providers to operate our Website and employ other persons to perform work on our behalf, such as sending postal mail and e-mail. These persons may have access to the personally identifiable information you submit through the Website, but only for the purpose of performing their duties. These personnel may not use your personally identifiable information for any other purpose.

Compliance with Laws: BlackRock does not automatically collect personally identifiable information from visitors to our Website, except to the extent we are required to do so pursuant to some statute or regulation applicable to us. We will not provide any personally identifiable information to any other persons, except if we are required to make disclosures by any law, any government or private parties in connection with a lawsuit, subpoena, investigation or similar proceeding. We can (and you authorize us to) disclose any such information in those circumstances.

E-mail and Marketing: BlackRock does not sell its customers' e-mail addresses, nor will we provide your personal information to third parties for their marketing purposes. BlackRock will not send you e-mail messages without first receiving your permission, unless it relates to servicing your account or unless you have consented to receiving electronic delivery of fund documents as part of our E-Delivery service. It is our policy to include instructions for unsubscribing from these permission-based programs. We recommend that you do not send us any individual personal information via nonsecure methods of correspondence, including via public electronic communication channels, such as Internet e-mail, which are generally not secure.

Business Transfers: If the business, stock or assets of BlackRock are acquired or merged with another business entity, we will share all or some of your information with this entity to continue to provide service to you. You will receive notice of such an event and the new entity will inform you of any changes to the practices in this Privacy Policy. If the new entity wishes to make additional use of your information, you may decline such use at such time.

Third Party Websites

BlackRock disclaims responsibility for the privacy policies and customer information practices of third party internet websites hyperlinked from our Website.

Security

BlackRock protects your personal information when you transact business on our Website by requiring the use of a browser software program that supports industry standard SSL encryption with 128-bit key lengths. The "128-bit" designation refers to the length of the key used to encrypt the data being transmitted, with a longer key representing a higher level of security.

Contact Us

If you have any questions about this Privacy Policy, or our privacy related practices, please do not hesitate to contact us:

Phone: + 44 (0) 800 445 522
Email: investor.services@blackrock.com

BlackRock, Attention: Investor Services
12 Throgmorton Avenue
London EC2N 2DL, UK

For enquiries relating to our website only, please email us at EMEAwebmaster@blackrock.com. This email address should not be used for any enquiries relating to investments. For enquiries relating to investments, please see the contact details above.