CEW iShares Equal Weight Banc and Lifeco ETF

BlackRock Asset Management Canada Limited (BlackRock Canada), an indirect, wholly-owned subsidiary of BlackRock, Inc. (BlackRock) (NYSE:BLK) today announces an update to the investment risk ratings of the exchange-traded funds listed below (the iShares ETFs). These changes will be reflected in the prospectus for the iShares ETFs that will be filed on or about October 30, 2019.

iShares ETF Name	Previous Risk Rating	Updated Risk Rating
iShares Equal Weight Banc & Lifeco ETF	Medium to High	Medium
iShares Short Duration High Income ETF (CAD-Hedged)	Low to Medium	Low

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 us at 1-855-255-5951 or by writing to BlackRock Canada at 161 Bay Street, Suite 2500, Toronto, Ontario M5J 2S1.

About BlackRock

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, our clients turn to us for the solutions they need when planning for their most important goals. As of September 30, 2019, the firm managed approximately US$6.96 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com/ca | Twitter: @BlackRockCA | Blog: www.blackrockblog.com/can | LinkedIn: www.linkedin.com/company/blackrock.

About iShares

iShares® unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 800+ exchange traded funds (ETFs) and US$2 trillion in assets under management as of September 30, 2019, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock, trusted to manage more money than any other investment firm.1

iShares ETFs are managed by BlackRock Asset Management Canada Limited.

Commissions, trailing commissions, management fees and expenses all may be associated with investing in iShares ETFs. 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.

©2019 BlackRock Asset Management Canada Limited. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Used with Permission.

1 Based on US$6.96 trillion in AUM as of 9/30/19.

Contact for Media:Maeve HanniganT – 416-643-4058Email: Maeve.Hannigan@blackrock.com