BlackRock Announces Unitholders Vote in Favour of Changes to iShares Natural Gas Commodity Index Fund ("GAS") and iShares Broad Commodity Index Fund ("CBR")

TORONTO, ONTARIO -- (Marketwire) -- 11/16/12 -- (TSX: GAS)(TSX: CBR)(TSX: CBR.A)

BlackRock Investments Canada Inc. (BlackRock Canada), an indirect, wholly owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced that unitholders approved the proposed merger of the iShares Natural Gas Commodity Index Fund (GAS) and the iShares Broad Commodity Index Fund (CBR) (the Merger Proposal). Unitholders of CBR also approved a proposal (the Change in Investment Objective Proposal) to change the investment objective of CBR in order to change to the index which CBR seeks to replicate to the Morningstar® Global Long/Flat Commodity Index(SM) or such other broad-based commodity index as may be selected by BlackRock Canada and notified to unitholders by press release, net of expenses.

The Merger Proposal remains subjects to the receipt of stock exchange approval. Provided such approval is obtained and the Merger Proposal and Change in Investment Objective Proposal are implemented by BlackRock Canada, they are expected to be implemented on or about November 30, 2012.

If the Merger Proposal is implemented, effective November 30, 2012 GAS will be terminated and unitholders of GAS will become unitholders of CBR. CBR will also seek to replicate the performance of the Morningstar® Global Long/Flat Commodity Index(SM) which aims to capture upward trends in the broad commodities markets while potentially limiting exposure during periods of down trends.

"We believe the change in investment objective of CBR and merger of the funds are in the long-term interest of the funds and their unitholders," said Mary Anne Wiley, Managing Director and Head of iShares at BlackRock Canada. "The merger and change of investment objective will allow for efficient implementation of the continuing fund's investment strategy, as well as allow for an expansive universe of holdings which is expected to provide broad exposure to the futures commodities markets and encourage further diversification within the fund's portfolio."

If the Merger Proposal and the Change in Investment Objective Proposal are implemented, the prospectus disclosure of CBR, as the continuing fund, will be updated to reflect the implementation of the Merger Proposal and Change in Investment Objective Proposal.

More information available

An information circular dated October 12, 2012 providing more details on the proposed changes is available on the iShares website at www.iShares.ca and on SEDAR.

Further information on the iShares funds can be found at iShares.ca.

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At September 30, 2012, BlackRock's AUM was US$3.673 trillion. BlackRock offers products that span the risk spectrum to meet clients' needs, including active, enhanced and index strategies across markets and asset classes. Products are offered in a variety of structures including separate accounts, mutual funds, iShares® (exchange traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. Headquartered in New York City, as of September 30, 2012, the firm has approximately 10,400 employees in 29 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company's website at www.blackrock.com.

About iShares® ETFs

The iShares business is the global product leader in exchange traded funds with over 600 funds globally across equities, fixed income and commodities, which trade on 20 exchanges worldwide. The iShares Funds are bought and sold like common stocks on securities exchanges. The iShares Funds are attractive to many individual and institutional investors and financial intermediaries because of their relative low cost, tax efficiency and trading flexibility. Investors can purchase and sell shares through any brokerage firm, financial advisor, or online broker, and hold the funds in any type of brokerage account. The iShares customer base consists of the institutional segment of pension plans and fund managers, as well as the retail segment of financial advisors and high net worth individuals.

iShares® Funds are managed by BlackRock Asset Management Canada Limited and BlackRock Investments Canada Inc. Commissions, management fees and expenses all may be associated with investing in iShares Funds. Please read the relevant prospectus before investing. The Funds are not guaranteed, their values change frequently and past performance may not be repeated. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional.

Contacts:
Contact for Media:
Veritas Communications
Maeve Hannigan
T - 416-955-4570
C - 647-618-8621
hannigan@veritascanada.com

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