Change to benchmark index series of Fund

To: Shareholders of iShares MSCI EM Latin America (a sub-fund of iShares II plc (the "Company")) (the "Fund")

Re: Change to the benchmark index of the Fund

16 September 2011

Dear Shareholder

The Directors of the Company wish to advise you that the benchmark index of the Fund is to change from 3 October 2011 (the "Effective Date"). You are being contacted because you are invested in the Fund.

The current benchmark index

Currently the benchmark index of the Fund is MSCI EM Latin America Index. MSCI EM Latin America Index is a free-float market capitalisation index that is designed to reflect the aggregate performance of the equity markets of Latin America. The index includes securities traded in Mexico, Brazil, Chile, Colombia, Peru and Argentina.

The new benchmark index

From the Effective Date the benchmark index of the Fund will be MSCI EM Latin America 10/40 Index and the name of the Fund will be changed to "iShares MSCI EM Latin America 10/40". MSCI EM Latin America 10/40 Index offers an exhaustive representation of the emerging Latin American markets (Brazil, Chile, Colombia, Mexico, Peru) by targeting all companies with a market capitalisation within the top 85% of their investable equity universe, subject to a global minimum size requirement. It is based on the Global Investable Market Indices methodology. As an addition, this Index will be weighted and rebalanced in accordance with MSCI's 10/40 Index Methodology, which is subject to the UCITS requirements.

Reason for the change of benchmark index

iShares is committed to continually enhance its existing product suite.

The change to the benchmark index is being made to reduce tracking error and therefore improve the ability of the Fund to achieve its investment objective. The current benchmark index constituent weightings cannot currently be fully replicated by the Fund without breaching the UCITS spread limits. As MSCI EM Latin America 10/40 Index operates using the MSCI UCITS compliant 10/40 index methodology, this will enable the Fund to replicate the index more closely whilst ensuring compliance with the UCITS spread limits.

You are not required to do anything as a result of this notification.

Please contact info@ishares.com if you have any queries concerning the changes to the Fund.

Yours faithfully

____________________

Director

for and on behalf of iShares II plc