BlackRock recognizes the importance of protecting your personal and financial information when you visit this website (our or this "Website"). The following information is designed to help you understand the information collection practices at this Website.

Changes to these Privacy Statements

BlackRock reserves the right to change, modify, add, or remove portions of these Privacy Statements at any time for any reason. We suggest that you review these Privacy Statements periodically for changes. The current version of these Privacy Statements can be accessed from the link on our homepage, or at the bottom of our Website pages. We will post a message on our Website home page whenever an amendment is made to these Privacy Statements so that you will know when to check. You acknowledge that by accessing our Website after we have posted changes to these Privacy Statements, you are agreeing to the terms of the Privacy Statements as modified.

With respect to any expansion of the purposes of using your personally identifiable information received by us from the purposes as stated in these Privacy Statements, prior notice will be given to you and you have the right to decline acceptance of such expansion however in such circumstances our provision of continuing services to you may be limited.

Information Collection and Use

Methods of Information Collection

We may receive personally identifiable information you submit to or through our Website. Failure to provide such personally identifiable information may result in BlackRock being unable to provide you with the services or information requested.

Separately we use "cookies" to collect and store information about your internet connection when you visit our Website. Cookies or other technology help us to provide customized services and information. "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.

Information Collected and Purpose of Information Collection

The types of personally identifiable information that may be collected at our Website include information you provided to us (e.g. your name and email address).

Separately the "cookies" may track and record information of your activities on our Website (including user's preference and behaviour, navigation on this Website, logged-on identity, etc.). When you're navigating this Website, we record your IP address.

Use of Personally Identifiable Information

The personally identifiable information you submit to or through our Website is used only for responding to your inquiry sent to us, for business administration, business reporting and statistical analysis purposes, for the provision of information on BlackRock products and services to you, and for other directly related purposes (the "Purposes"). Your personally identifiable information may also be used for purposes set out in the paragraphs below headed "Service Providers", "Email and Marketing" and "Business Transfers".

We will not sell, share, rent or otherwise disclose or transfer your personally identifiable information to others for monetary gains.

With respect to your information collected through cookies, we will use such information to assess how and when pages in our Website are visited, what our users' technology preferences are (such as what type of video player they use), whether our Website is functioning properly and for systems, trouble shooting, administrative and reporting purposes.

Additionally, you may encounter cookies or other similar devices on our Website that are placed by third party website tracking companies. In such circumstances the purpose and means of collection and retention policy of your personal identifiable information is the same as stated in these Privacy Statements and such information will not be transferred to any third parties except as provided under these Privacy Statements.

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.

Retention Period: Your personally identifiable information will be retained by us for a period of 10 years after you last accessed the Website or we have last corresponded with you and your personally identifiable information will be erased after such retention period.

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

Affiliates and Service Providers: We may provide your personally identifiable information to our affiliates and other third party service providers (including information technology service providers) for the Purposes but not for any direct marketing purposes. By disclosing your personally identifiable information to us via this Website, you consent to our disclosing of your personally identifiable information to such parties both in your country of residence and outside your country of residence. These persons may have access to the personally identifiable information you submit through this Website, but only for the purpose of performing their duties specified in this paragraph. These persons may not use your personally identifiable information for any purpose other than those stated above.

Compliance with Laws: Except as otherwise provided in these Privacy Statements, 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 any law or regulation binding on us. We will (and you authorize us to) disclose your personally identifiable information if we are required to make such a disclosure under applicable law or regulation.

E-mail and Marketing: You acknowledge and consent that we may use your personally identifiable information provided to or obtained by us through the Website as referred to above for purposes of direct marketing in relation to our investment/financial products or services. If you would like us to stop sending direct marketing to you, you may do so, free of charge, by selecting the unsubscribe facility in any email or by writing to us at the address set out in the "Contact Us" section of these Privacy Statements.

BlackRock will not send you e-mail messages without first receiving your consent, unless it relates to responding to your inquiry or unless you have consented to receiving electronic delivery of documents as part of our E-Delivery service. It is our policy to include instructions for unsubscribing from these consent-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.

BlackRock does not sell its customers' e-mail addresses, nor will we provide your personally identifiable information to third parties or our affiliates for their marketing purposes without your consent. It is only voluntary for you to provide your personally identifiable information for marketing purposes. As a matter of policy, BlackRock generally does not transfer any of your personally identifiable information to any third parties or its affiliates for marketing purposes and even if it does, it will only do so with your prior written consent.

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 (including your personally identifiable information) with this other entity to continue to provide services to you. You will receive notice of such an event and the new entity will inform you of any changes to the practices in these Privacy Statements. If the new entity wishes to make additional use of your information, it will inform you beforehand and you may decline such use at that time.

For Hong Kong residents – your rights under PDPO: Under and in accordance with the terms of the Personal Data (Privacy) Ordinance ("PDPO") of Hong Kong and codes and guidelines issued pursuant thereto, any individual:

(i) may check whether BlackRock holds personally identifiable information about him/her and may request access to such information;

(ii) may request BlackRock to correct any personally identifiable information relating to him/her which is inaccurate;

(iii) may request BlackRock to specify its policies and practices in relation to personally identifiable information and to be informed of the kind of personally identifiable information held by BlackRock; and

(iv) may object to the use of his/her personally identifiable information for marketing purposes; BlackRock will not use his/her personally identifiable information for these purposes if he/she communicates his/her objection to BlackRock.

In accordance with the terms of PDPO, BlackRock has the right to charge a reasonable fee for the processing of any request for access or correction mentioned above.

The person to whom requests for (i) access to or correction of personally identifiable information or (ii) information regarding policies and practices and kinds of information held by BlackRock should be sent is our Data Protection Officer. Contact details of this Officer are set out below in the paragraph headed "Contact Us".

Nothing in these Privacy Statements shall limit your rights of under the PDPO.

For individuals in Singapore – you may send your questions about the collection, use or disclosure of your personal data to our Singapore Data Protection Officer/our Singapore office, contact details of which are set out below in the paragraph headed "Contact Us".

Third Party Websites

BlackRock is not responsible for the content or for the privacy policies and customer information practices of third party internet websites hyperlinked from our Website.

Security

BlackRock protects your personally identifiable information when you visit 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.

For Korean Residents

For a statement on privacy, please click here.

Contact Us

For more information on BlackRock, please do not hesitate to contact us:

Hong Kong and PRC:

Email: clientservice.asiapac@blackrock.com

BlackRock (Hong Kong) Limited

16/F Cheung Kong Center

2 Queen's Road Central

Hong Kong

Korea:

Email: clientservice.asiapac@blackrock.com

BlackRock (Korea)

84 Taepyung-ro 1-Ka, Chung-Ku

Seoul Finance Centre, 23rd Floor

Seoul, South Korea 100-768

Singapore:

Email: clientservice.asiapac@blackrock.com

BlackRock (Singapore) Limited

#18-01, Twenty Anson

20 Anson Road,

Singapore 079912

Data Protection Officer:

Email: dataprotection.asiainst@blackrock.com