You should carefully consider the investment objectives, risks, charges and expenses before investing.

More information on the iShares product range (including the relevant prospectuses as may be lodged with ASIC from time to time) can be obtained by visiting ishares.com.au or through your investment adviser.

This information has been prepared by Barclays Global Investors Australia Limited ABN 33 001 804 566, AFSL 225 398 ("BGIA"). BGIA is the local agent and intermediary for iShares (iShares, Inc. ARBN 125 632 279, iShares Trust ARBN 125 632 411).

This information relates to certain iShares funds quoted on the Australian Securities Exchange ("ASX"). ASX takes no responsibility for the content in this website or any decision to invest in the funds. The admission by ASX of iShares is not an endorsement by ASX of iShares or the quoted shares in an iShares fund. Trades on ASX in the shares of an iShares fund are settled using CHESS Depositary Interests (or "CDIs").

Barclays Global Fund Advisors (BGFA) serves as an adviser to the iShares funds that are registered with the United States Securities and Exchange Commission under the Investment Company Act of 1940. BGFA is a subsidiary of Barclays Global Investors, N.A. ("BGINA"). BGIA and BGINA are majority-owned subsidiaries of Barclays Bank PLC.

An investment in an iShares fund involves investing in international markets. In addition to the normal risks associated with investing, international investments may involve the risk of losing all or part of any capital from unfavourable fluctuations in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. An investment in emerging markets and single countries may also involve heightened other risks such as increased volatility and the possibility of lower trading volume.

Past performance is not a reliable indicator of future performance.

Shares of an iShares fund trade on an exchange at market price (not net asset value ("NAV")). Shares may only be redeemed directly from an iShares fund by persons or entities in the United States called 'Authorised Participants' in very large creation/redemption units.

Transaction costs are incurred when buying or selling shares of an iShares fund on ASX, and brokerage commissions if such trades are done through a broker.

The performance of an iShares fund is not guaranteed by any foreign or Australian regulatory or depositary institution, or any Barclays entity.

This information is general in nature. You should seek independent professional legal, financial and/or other professional advice before making an investment decision regarding the iShares funds.

"MSCI" and the MSCI Index are trademarks and servicemarks of Morgan Stanley Capital International. "S&P" and "Standard & Poor's" are trademarks of Standard & Poor's.

The iShares funds are not sponsored, endorsed, or issued by nor are they sponsored, endorsed, issued, sold or promoted by Morgan Stanley Capital International, Morningstar, Inc. or Standard and Poor's. None of these companies make any representation regarding the advisability of investing in the funds.

©2007 Barclays Global Investors Australia Limited. All rights reserved. iShares® is a registered trademark of Barclays Global Investors, N.A. All other trademarks, servicemarks or registered trademarks are the property of their respective owners.