Mr. Reem Jazar reports

BLACKROCK CANADA ANNOUNCES RISK RATING UPDATE

BlackRock Asset Management Canada Ltd., an indirect, wholly owned subsidiary of BlackRock Inc., has provided an update to the investment risk rating of the hedged common units of the iShares exchange-traded fund (iShares ETF) in the attached table.

iShares ETF name                                      Previous risk rating   Updated risk rating

iShares Gold Bullion ETF -- hedged common units (CGL)       Medium to high                Medium

A copy of the standardized risk classification methodology used by BlackRock Canada to identify the investment risk levels of the iShares ETFs is available on request, at no cost, by calling 1-855-255-5951 or by writing to BlackRock Canada at 161 Bay St., Suite 2500, Toronto, Ont., M5J 2S1.

About BlackRock Inc.

BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, BlackRock helps millions of people build savings that serve them throughout their lives by making investing easier and more affordable.

About iShares

iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than 20 years of experience, a global line-up of 1,300 plus exchange-traded funds (ETFs) and $3.12-trillion (U.S.) in assets under management as of Sept. 30, 2023, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock.

iShares ETFs are managed by BlackRock Asset Management Canada.