TMXgroup

July 26, 2012

iShares MSCI USA Minimum Volatility Index Fund (the "ETF") – An application has been granted for the original listing in the Industrial category of 200,000 units (the "Units") of the ETF, of which all will be issued and outstanding, and none of which will be reserved for issuance upon completion of an initial public offering.

Listing of the Units will become effective at 5:01 p.m. on Friday, July 27, 2012, as the offering will close prior to the opening on Monday, July 30, 2012. The Units will be posted for trading at the opening on Monday, July 30, 2012.

Units of the ETF are offered on a continuous basis and there is no maximum number of Units that may be issued. Each Unit represents an equal beneficial interest in the ETF.

The registration and transfer of Units will be effected through the book-entry only system administered by CDS Clearing and Depository Services Inc. Unitholders of the ETF will not have the right to receive physical certificates evidencing their ownership of the Units.

Additional information on the Units may be found in the final prospectus dated July 12, 2012 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.

Stock Symbol: "XMU"   CUSIP: 46433S 10 8   Trading: CDN $

Designated
Market Maker: RBC Capital Markets

Other Markets: None

Head Office
Address: c/o BlackRock Asset Management Canada Limited
Suite 2500
161 Bay Street
Toronto, Ontario
M5J 2S1

Website: www.ishares.ca

Head Office
Telephone Number: (416) 933-6410

Fax Number: (416) 643-4035

Investor Relations: Oliver McMahon
Tel: (416) 643-4015
oliver.mcmahon@blackrock.com

Chief Financial Officer: Paul Greenberg

Chief Compliance Officer
And Secretary: Margaret Gunawan

Incorporation: The ETF is an exchange-traded fund established as a trust under the laws of the Province of Ontario pursuant to a master declaration of trust amended and restated as of July 12, 2012 governing the ETF, as may be amended and/or restated from time to time.

Manager and Trustee: BlackRock Asset Management Canada Limited

Fiscal Year End: December 31

Nature of Business: The ETF seeks to seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the MSCI USA Minimum Volatility Index (USD) (the "MSCI Index"), net of expenses. The investment strategy of the ETF is to invest primarily in and hold the Index Securities of the MSCI Index in substantially the same proportion as they are reflected in the MSCI Index.

Transfer Agent &
Registrar: State Street Trust Company Canada at its principal office in Toronto.

Distributions and
Automatic Reinvestment: Cash distributions on Units of the ETF are expected to be made quarterly.

On an annual basis, the ETF will ensure that the net income and net realized capital gains of the ETF have been distributed to unitholders to such an extent that the ETF will not be liable for ordinary income tax thereon. To the extent that the ETF has not distributed the full amount of its net income or net capital gains in cash in any year, the difference between such amount and the amount otherwise distributed by the ETF in cash will be paid as a "reinvested distribution". Reinvested distributions will be reinvested automatically in additional Units of the ETF at a price equal to the Net Asset Value per Unit of the ETF and the Units of the ETF will be immediately consolidated such that the number of outstanding Units of the ETF following the distribution will equal the number of Units of the ETF outstanding prior to the distribution.

Initial Issuance of Units: Pursuant to the terms of the Prospectus, Units will be issued and sold on a continuous basis and there will be no maximum number of Units that may be issued. Units sold in connection with the initial public offering for the ETF will amount to 200,000 Units at a price of $20.00 per Unit.