For recipients in the EU: In the EU issued by BlackRock Investment Management (U.K.) Limited (authorised and regulated by the Financial Conduct Authority). Registered office: 12 Throgmorton Avenue, London, EC2N 2DL. Registered in England No. 2020394. Tel: 020 7743 3000. For your protection, telephone calls are usually recorded. BlackRock is a trading name of BlackRock Investment Management (U.K.) Limited. In Canada, this material is intended only for institutional investors that qualify as both an “accredited investor” and a “permitted client” as defined by Canadian securities laws. This material is not intended for distribution to, or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. For recipients in Hong Kong: This document is provided by BlackRock Asset Management North Asia Limited. The Fund mentioned herein has not been registered with the Securities and Futures Commission for offering or distribution in Hong Kong. Accordingly, this material may not be circulated or distributed, nor may the Funds be offered or sold whether directly or indirectly, to any person in Hong Kong other than to a Professional Investor as defined in the Securities and Futures Ordinance (“SFO”) (Cap. 571 of the laws of Hong Kong) and any regulations there under. Investments involve risks. Past performance is not a guide to future performance. This material is provided for informational or educational purposes only and does not constitute a solicitation of any securities or BlackRock funds in any jurisdiction in which such solicitation is unlawful or to any person to whom it is unlawful. Moreover, it neither constitutes an offer to enter into an investment agreement with the recipient of this document nor an invitation to respond to it by making an offer to enter into an investment agreement. Before making an investment decision, investors should read the relevant offering documents carefully including the investment objective and risk factors relating to the Fund. Issued in Singapore by BlackRock (Singapore) Limited (Co. registration no. 200010143N) for institutional investors only. Some of the funds mentioned herein have not been registered with the Monetary Authority of Singapore for offering or distribution in Singapore. Accordingly, this information may not be circulated or distributed, nor may the funds be offered or sold whether directly or indirectly, to any person in Singapore other than (i) to an institutional investor pursuant to Section 304 of the Securities and Futures Act (“SFA”) or (ii) otherwise pursuant to and in accordance with the conditions of any other applicable provision of the SFA. FOR PROFESSIONAL AND INSTITUTIONAL INVESTORS IN TAIWAN: Independently operated by BlackRock Investment Management (Taiwan) Limited. Address: 28/F, No. 95, Tun Hwa South Road, Section 2, Taipei 106, Taiwan. Tel: (02)23261600. For distribution in Korea for Professional Investors only (or ‘professional clients,’ as such term may apply in local jurisdictions) Not approved for client distribution in Japan. Notice to investors in Australia: Issued in Australia by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975 AFSL 230 523 (BIMAL), for the exclusive use of the recipient who warrants by receipt of this presentation that they are a wholesale client as defined under the Australian Corporations Act 2001 (Cth). This presentation is intended only for wholesale clients and this presentation must not be relied or acted upon by retail clients. This presentation provides general information only and has not been prepared having regard to your objectives, financial situation or needs. BIMAL, its officers, employees and agents believe that the information in this presentation and the sources on which the information is based (which may be sourced from third parties) are correct as at the date of this presentation. While every care has been taken in the preparation of this presentation, no warranty of accuracy or reliability is given and no responsibility for this information is accepted by BIMAL, its officers, employees or agents. Except where contrary to law, BIMAL excludes all liability for this information. This presentation has not been prepared specifically for Australian investors. It may contain references to dollar amounts which are not Australian dollars. It may contain financial information which is not prepared in accordance with Australian law or practices. For recipients in Latin America: In Latin America, for institutional investors and financial intermediaries only. This material is for educational purposes only and does not constitute an offer or solicitation to sell or a solicitation of an offer to buy any shares of any fund or security and it is your responsibility to inform yourself of, and to observe, all applicable laws and regulations of your relevant jurisdiction. If any funds are mentioned or inferred in this material, such funds have not been registered with the securities regulators of Brazil, Chile, Colombia, Mexico, Panama, Peru, Uruguay or any other securities regulator in any Latin American country and thus, may not be publicly offered in any such countries, except for Chile where certain funds have been registered with the Superintendencia de Valores y Seguros for public offering and in Mexico where certain funds have been listed on the international quotation system (Sistema Internacional de Cotizaciones, SIC) of the Mexican Stock Exchange (Bolsa Mexicana de Valores, S.A.B. de C.V.). The securities regulators of any country within Latin America have not confirmed the accuracy of any information contained herein. No information discussed herein can be provided to the general public in Latin America. The contents of this material are strictly confidential and must not be passed to any third party.
FOR INSTITUTIONAL, FINANCIAL PROFESSIONAL, AND PERMITTED CLIENTS USE ONLY. THIS MATERIAL IS NOT TO BE REPRODUCED OR DISTRIBUTED TO PERSONS OTHER THAN THE RECIPIENT.