Fund Size $ mil. November Fund Performance Summary Gross of Fees

November 2017 Fund Performance Summary Gross of Fees

Australian Equity - Scientific BlackRock Australian Alpha Tilts Fund BGL0006AU 425.9 1.21 6.15 8.36 12.27 7.14 16.91 13.16 9.88 11.44 10.55 31-Oct-97 S&P/ASX 300 Index 1.69 5.81 6.86 9.89 6.62 14.66 12.34 8.82 10.46 8.90 Difference -0.48 0.34 1.50 2.38 0.52 2.25 0.82 1.05 0.98 1.65 BlackRock Australian Equity Market Neutral Fund BGL0064AU 296.8-1.41-1.75 2.71 4.35 0.32 3.43 2.34 2.05 1.60 11.31 31-Aug-01 RBA Cash Rate Target 0.12 0.37 0.75 1.37 0.63 1.50 1.64 1.81 2.14 4.11 Difference -1.53-2.12 1.97 2.98-0.31 1.93 0.70 0.24-0.54 7.20 BlackRock Equitised Long Short Fund BGL0061AU 176.7 0.39 3.82 8.13 12.10 6.49 16.12 12.40 8.28 9.36 14.42 18-Dec-01 S&P/ASX 200 Index 1.64 5.71 6.63 9.81 6.44 14.61 12.30 8.72 10.56 8.37 Difference -1.25-1.88 1.51 2.29 0.05 1.51 0.10-0.44-1.20 6.05 ishares Wholesale Australian Equity Index Fund BGL0005AU 2,585.1 1.69 5.81 6.85 9.90 6.63 14.64 12.35 8.82 10.46 8.63 31-May-98 S&P/ASX 300 Index 1.69 5.81 6.86 9.89 6.62 14.66 12.34 8.82 10.46 8.53 Difference 0.00 0.00-0.01 0.01 0.01-0.02 0.01 0.00 0.00 0.10 BlackRock Wholesale Australian Share Fund PWA0823AU 99.6 1.11 4.92 7.40 10.87 6.54 15.28 12.39 8.72 10.05 9.48 31-Dec-93 S&P/ASX 300 Index 1.69 5.81 6.86 9.89 6.62 14.66 12.34 8.82 10.46 8.71 Difference -0.59-0.90 0.54 0.97-0.08 0.62 0.05-0.10-0.41 0.78 Australian Equity - Fundamental BlackRock Concentrated Industrial Share Fund 495.1 3.91 10.32 13.77 24.16 11.59 27.54 - - - 20.08 09-Dec-15 S&P/ASX 300 Industrials Accumulation Ex-Top 5 Stocks by Mkt Cap Gross Index 2.69 6.88 6.51 13.88 6.05 18.75 - - - 13.37 Difference 1.21 3.44 7.26 10.27 5.54 8.79 - - - 6.72 BlackRock Australian Share Fund Plus PWA0015AU 61.8 3.90 10.44 13.89 24.28 11.70 27.66 18.13 12.34 12.30-31-Oct-83 Difference 1.21 3.57 7.38 10.40 5.66 8.91 5.51 3.34 1.73 - BlackRock Australian Share Fund PWA0014AU 180.7 3.90 10.31 13.74 24.11 11.56 27.49 18.02 12.23 12.12-31-May-88 Difference 1.21 3.43 7.23 10.23 5.52 8.74 5.39 3.22 1.54 - BlackRock Concentrated Total Return Share Fund 13.4 2.82 10.98 21.77 30.75 19.37 34.03 - - - 28.76 25-Oct-16 International Equity - Fundamental BlackRock International Gold Fund - 40.1-0.03-4.74-6.86-0.28-0.97 3.93 22.84 10.51-5.52 2.00 07-Dec-04 FTSE Gold Mining Index 1.43-5.66-4.76-0.75 1.91 4.72 26.89 13.84-7.20-1.09 Difference -1.46 0.92-2.10 0.47-2.88-0.79-4.05-3.33 1.68 3.09 BlackRock Emerging Market Fund - 299.3 1.74 7.60 10.33 26.92 12.82 30.61 18.89 12.36 13.01 5.22 16-Feb-07 MSCI Emerging Markets Index 1.20 7.93 10.84 26.41 13.06 29.27 17.26 10.37 11.48 4.44 Difference 0.54-0.32-0.51 0.51-0.25 1.34 1.63 1.99 1.53 0.78 International Equity - Scientific BlackRock International Alpha Tilts Fund BGL0001AU 1,401.7 4.13 13.80 10.54 21.07 13.58 26.19 11.50 13.14 21.35 5.62 31-Oct-98 MSCI World ex Australia Index 3.23 11.36 7.47 15.35 10.38 20.51 10.29 12.62 19.38 4.44 Difference 0.89 2.44 3.07 5.72 3.20 5.68 1.21 0.52 1.97 1.18 BlackRock Hedged International Alpha Tilts Fund BGL0053AU 193.0 2.56 9.31 12.08 24.50 11.97 27.75 14.36 10.93 17.40 8.09 27-Mar-01 MSCI World ex Australia Index (hedged in AUD) 1.67 6.97 8.98 18.68 8.84 22.12 13.24 10.55 15.62 7.30 Difference 0.89 2.35 3.10 5.82 3.13 5.64 1.12 0.38 1.77 0.80 BlackRock International Alpha Tilts Fund (Active Currency and Country) BGL0047AU 168.4 4.12 13.78 10.53 21.05 13.56 26.17 11.51 13.56 21.15 7.66 15-Apr-04 MSCI World ex Australia Index 3.23 11.36 7.47 15.35 10.38 20.51 10.29 12.62 19.38 7.00 Difference 0.89 2.42 3.06 5.69 3.18 5.65 1.21 0.95 1.78 0.66 BlackRock Hedged International Alpha Tilts Fund (Active Currency and Country) BGL0046AU 364.0 2.55 9.30 12.08 24.50 11.97 27.76 14.39 11.35 17.23 9.63 15-Apr-04 MSCI World ex Australia Index (hedged in AUD) 1.67 6.97 8.98 18.68 8.84 22.12 13.24 10.55 15.62 9.26 Difference 0.88 2.33 3.10 5.81 3.13 5.64 1.14 0.80 1.60 0.37 BlackRock Global Listed Infrastructure Fund BGL0062AU 38.2 3.66 8.31 4.04 13.57 8.29 19.07 11.46 10.28 16.82 4.48 02-Apr-07 FTSE Developed Core Infrastructure Index ^ 3.42 7.38 2.96 12.01 7.29 17.48 10.79 9.41 16.33 4.08 Difference 0.24 0.93 1.08 1.56 0.99 1.60 0.67 0.88 0.48 0.40 BlackRock Fission Indexed International Equity Fund BGL0051AU 1,781.4 3.25 11.43 7.60 15.62 10.49 20.81 10.57 12.84 19.57 7.30 30-Mar-04 MSCI World ex Australia Index 3.23 11.36 7.47 15.35 10.38 20.51 10.29 12.62 19.38 7.14 Difference 0.02 0.07 0.13 0.26 0.12 0.30 0.27 0.22 0.20 0.16 ishares Wholesale International Equity Index Fund BGL0104AU 3,446.4 3.26 11.44 7.61 15.72 10.53 20.93 10.64 13.13 19.75 6.85 08-Nov-93 MSCI World ex Australia Index 3.23 11.36 7.47 15.35 10.38 20.51 10.29 12.62 19.38 6.59 Difference 0.03 0.09 0.14 0.37 0.15 0.42 0.35 0.51 0.37 0.26 ishares Hedged International Equity Index Fund BGL0044AU 958.5 1.70 7.04 9.12 19.03 8.97 22.46 13.51 10.93 15.86 7.36 12-Apr-01 MSCI World ex Australia Index (hedged in AUD) 1.67 6.97 8.98 18.68 8.84 22.12 13.24 10.55 15.62 7.30 Difference 0.03 0.08 0.14 0.35 0.14 0.35 0.27 0.38 0.24 0.05 ishares All-Country Equity Index Fund BGL0079AU 304.5 2.99 11.07 8.18 16.58 10.81 21.57 11.56 12.95 18.76 12.17 07-Dec-09 MSCI AC World IMI Index 2.98 11.01 8.07 16.33 10.70 21.26 11.26 12.64 18.47 11.93 Difference 0.01 0.06 0.11 0.25 0.11 0.31 0.30 0.30 0.29 0.23 ishares Emerging Markets IMI Equity Index Fund - 1,030.0 1.33 8.10 10.79 26.11 12.97 28.91 16.60 10.41 11.58 6.79 02-Sep-10 MSCI EM IMI extobacco ex Controversial Weapons ex Nuclear Weap Index^^ 1.39 8.22 10.81 26.02 13.09 28.81 16.62 10.39 11.61 6.74 Difference -0.06-0.11-0.03 0.09-0.12 0.10-0.02 0.02-0.04 0.05 ishares Wholesale Screened International Equity Index Fund - 398.4 3.22 11.32 7.76-10.54 - - - - 16.06 22-Mar-17 MSCI World ex Tobacco ex Controversial Weapons ex Nuclear Weap Index 3.18 11.24 7.61-10.39 - - - - 15.70 Difference 0.04 0.08 0.15-0.15 - - - - 0.36 Page 2 of 7

Australian Fixed Income - Active BlackRock Australian Bond Fund - 75.0 0.91 1.80 1.05 4.73 2.04 4.56 4.27 4.37 5.01 6.11 31-Oct-97 Bloomberg AusBond Composite Bond Index 0.87 1.66 0.99 4.20 1.90 4.02 3.73 3.81 4.30 5.94 Difference 0.04 0.15 0.06 0.53 0.13 0.54 0.54 0.56 0.71 0.17 BlackRock Institutional Liquidity Fund - 234.6 0.17 0.53 1.17 2.18 0.95 2.37 2.46 2.56 2.90 4.78 07-Mar-01 Bloomberg AusBond Bank Bill Index 0.13 0.42 0.86 1.60 0.71 1.75 1.94 2.08 2.37 4.42 Difference 0.04 0.11 0.31 0.57 0.24 0.62 0.53 0.48 0.53 0.36 BlackRock Monthly Income Fund - 93.6 0.10 2.08 3.36 6.43 2.77 7.12 6.08 4.74 6.63 5.05 07-Mar-01 Bloomberg AusBond Bank Bill Index 0.13 0.42 0.86 1.60 0.71 1.75 1.94 2.08 2.37 4.42 Difference -0.03 1.65 2.50 4.82 2.06 5.37 4.14 2.66 4.26 0.63 BlackRock Enhanced Australian Bond Fund BGL0060AU 384.3 0.90 1.77 1.26 4.75 2.14 4.58 4.22 4.22 4.86 6.35 26-Mar-02 Bloomberg AusBond Composite Bond Index 0.87 1.66 0.99 4.20 1.90 4.02 3.73 3.81 4.30 6.01 Difference 0.03 0.12 0.27 0.56 0.24 0.56 0.49 0.42 0.56 0.34 Australian Fixed Income - Indexed ishares Wholesale Australian Bond Index Fund BGL0010AU 2,965.7 0.88 1.68 1.02 4.25 1.93 4.07 3.77 3.85 4.37 5.97 02-Jul-98 Bloomberg AusBond Composite Bond Index 0.87 1.66 0.99 4.20 1.90 4.02 3.73 3.81 4.30 5.88 Difference 0.01 0.02 0.03 0.05 0.03 0.05 0.04 0.04 0.07 0.09 ishares Australian Government Inflation-Linked Bond Index Fund - 186.6 2.09 2.39 0.94 4.52 2.57 4.80 2.81 3.11 3.57 6.53 16-Jun-10 Bloomberg AusBond Government Inflation Index 2.08 2.38 0.93 4.51 2.56 4.79 2.83 3.10 3.56 6.49 Difference 0.00 0.01 0.01 0.02 0.01 0.01-0.02 0.01 0.01 0.04 Australian Cash BlackRock Cash Fund BGL0009AU 753.8 0.15 0.46 0.91 1.71 0.76 1.87 2.03 2.18 2.47 4.63 28-Aug-97 Bloomberg AusBond Bank Bill Index 0.13 0.42 0.86 1.60 0.71 1.75 1.94 2.08 2.37 4.60 Difference 0.01 0.04 0.06 0.11 0.05 0.12 0.09 0.10 0.10 0.03 BlackRock Money Market Fund - 2,736.2 0.16 0.48 0.98 1.81 0.82 1.98 2.13 2.27 2.55 5.82 30-Sep-89 Bloomberg AusBond Bank Bill Index 0.13 0.42 0.86 1.60 0.71 1.75 1.94 2.08 2.37 5.74 Difference 0.02 0.06 0.12 0.21 0.11 0.23 0.20 0.19 0.18 0.08 International Fixed Income - Active BlackRock Fixed Income Global Opportunities Fund (Aust) - 121.3 0.17 0.96 2.58 5.30 2.04 6.08 4.94 4.35-4.39 29-Aug-14 Bloomberg AusBond Bank Bill Index 0.13 0.42 0.86 1.60 0.71 1.75 1.94 2.08-2.13 Difference 0.04 0.54 1.73 3.70 1.32 4.33 3.01 2.27-2.26 BlackRock Global Diversified Bond Fund - 114.0 0.08 0.20 1.62 4.24 1.63 4.74 4.66 4.59 5.63 6.94 31-Jul-02 Barclays Global Aggregate 500 Index (hedged in AUD) 0.19 0.22 1.31 3.37 1.54 3.73 4.23 4.23 4.95 7.16 Difference -0.11-0.03 0.31 0.88 0.09 1.01 0.43 0.35 0.68-0.22 BlackRock Wholesale International Bond Fund PWA0825AU 110.7 0.08 0.20 1.62 4.24 1.63 4.74 4.66 4.59 5.63 6.96 30-Sep-92 Barclays Global Aggregate 500 Index (hedged in AUD) 0.19 0.22 1.31 3.37 1.54 3.73 4.23 4.23 4.95 7.01 Difference -0.11-0.03 0.31 0.88 0.09 1.01 0.43 0.35 0.68-0.05 International Fixed Income - Indexed ishares Global Bond Index Fund BGL0008AU 1,322.7 0.17 0.17 1.24 3.32 1.48 3.70 4.21 4.21 4.93 7.11 31-Oct-97 Barclays Global Aggregate Index (hedged in AUD) 0.19 0.22 1.33 3.43 1.55 3.80 4.28 4.26 4.96 7.23 Difference -0.02-0.05-0.09-0.11-0.06-0.10-0.07-0.06-0.03-0.13 Property ishares Wholesale Australian Listed Property Index Fund BGL0052AU 938.6 5.28 8.26 4.76 6.29 9.72 13.43 11.89 12.93 14.19 7.53 17-May-01 S&P/ASX 300 A-REIT Index 5.29 8.27 4.79 6.31 9.74 13.49 11.89 12.87 14.00 6.98 Difference -0.01-0.01-0.03-0.03-0.03-0.06 0.00 0.05 0.19 0.55 Diversified BlackRock Tactical Growth Fund PWA0822AU 620.6 1.94 6.33 6.06 11.44 6.89 14.90 10.29 8.98 11.37-30-Sep-92 Diversified Benchmark 1.80 5.68 5.24 9.38 6.15 12.70 9.16 8.54 11.19 - Difference 0.14 0.66 0.83 2.06 0.75 2.20 1.13 0.44 0.17 - Diversified - Scientific BlackRock Scientific Wholesale Diversified Growth Fund BGL0003AU 529.3 1.81 5.94 6.69 12.60 7.12 16.09 10.81 8.82 11.72 8.42 31-Oct-97 Diversified Benchmark 1.64 5.22 5.31 9.95 5.94 13.22 9.78 8.16 10.82 7.16 Difference 0.17 0.72 1.38 2.66 1.18 2.87 1.03 0.66 0.90 1.27 BlackRock Scientific Wholesale Diversified Stable Fund BGL0002AU 60.1 1.08 3.06 3.55 7.51 3.96 9.15 6.76 5.85 7.30 6.87 31-Oct-97 Diversified Benchmark 0.99 2.67 2.79 5.91 3.27 7.43 5.99 5.28 6.66 6.19 Difference 0.10 0.39 0.76 1.60 0.69 1.71 0.77 0.56 0.64 0.68 Alternative BlackRock Global Allocation Fund (Aust) - 1,004.8 0.79 3.11 5.02 11.56 4.91 13.63 8.88 7.50 10.97 9.60 08-Jun-05 Diversified Benchmark 0.99 3.90 5.67 11.95 5.66 13.95 9.50 7.97 10.97 8.67 Difference -0.20-0.78-0.65-0.40-0.75-0.32-0.62-0.47 0.00 0.93 BlackRock Global Multi-Asset Income Fund (Aust) - 21.5 0.38 2.26 4.32 10.37 3.49 12.00 8.85 - - 7.63 17-Aug-15 BlackRock Style Advantage Fund (Aust) - 166.3 0.70-0.53-1.60 2.59-1.42 5.74 - - - 5.74 30-Nov-16 Diversified Benchmark 0.13 0.42 0.86 1.60 0.71 1.75 - - - 1.75 Difference 0.57-0.95-2.46 0.98-2.13 3.98 - - - 3.98 Alternative - Scientific BlackRock Multi Opportunity Fund - Due to monthly pricing, fund performance numbers released on business day 18 *Prior to 7th December 2015, the fund was benchmarked against the S&P/ASX 300 Index **Prior to 30th April 2015, the fund was benchmarked against the S&P Global Mid-Small Cap Index (hedged in AUD) ***Prior to 30th April 2015, the fund was benchmarked against the S&P Global Mid-Small Cap Index ^Prior to 31st March 2015, the fund was benchmarked against the UBS Global Infrastructure & Utilities Index ^^Prior to 30th September 2017, the fund was benchmarked against the MSCI Emerging Markets IMI ex Tobacco Index Issued by BlackRock Investment Management (Australia) Limited (AFS License No. 230523, ABN 13 006 165 975) ( BlackRock ). BlackRock is the responsible entity of the Fund(s) referred to in this document. An Offer Document for the Fund(s) is available from BlackRock. Potential investors should consider the Offer Document in deciding whether to acquire, or to continue to hold, units in the Fund(s). BlackRock, its officers, employees and agents believe that the information in this document is correct at the time of compilation, but no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors or omissions (including responsibility to any person by reason of negligence) is accepted by BlackRock, its officers, employees or agents. This document contains general information only and is not intended to represent general or specific investment or professional advice. The information does not take into account an individual s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial or other professional adviser before making an investment decision. No guarantee as to the capital value of investments in the Fund(s) nor future returns is made by BlackRock. If you have any queries relating to any of this information or to obtain a copy of the Offer Document for the Fund(s), please contact your relationship manager. Alternatively, if you have a query relating to the wholesale funds, please contact our Client Services Team via email at ClientServices.Aus@blackrock.com, or by phone on 1300 366 100 if you have a query relating to our retail fund range. Past performance is not a reliable indicator of future performance. Performance for periods greater than one year is annualised. Performance is calculated in Australian dollars and assumes reinvestment of distributions. Gross performance is calculated gross of ongoing fees and expenses. Net performance is calculated on exit-toexit price basis, e.g. net of ongoing fees and expenses. Page 3 of 7

November 2017 Fund Performance Summary Net of Fees

Australian Equity - Scientific BlackRock Scientific Australian Equity Fund BAR0814AU 154.1 1.15 5.94 7.94 11.47 6.79 16.01 12.31 9.05 10.59 9.51 31-Dec-96 S&P/ASX 300 Index 1.69 5.81 6.86 9.89 6.62 14.66 12.34 8.82 10.46 8.79 Difference -0.55 0.13 1.08 1.58 0.17 1.35-0.03 0.22 0.12 0.72 BlackRock Australian Equity Opportunities Fund MAL0072AU 76.1 0.37 3.76 8.13 11.99 6.41 15.99 12.24 8.19 8.96 11.04 21-Sep-11 S&P/ASX 200 Index 1.64 5.71 6.63 9.81 6.44 14.61 12.30 8.72 10.56 11.24 Difference -1.27-1.94 1.51 2.18-0.04 1.37-0.06-0.52-1.60-0.20 ishares Australian Equity Index Fund BGL0034AU 686.1 1.68 5.81 6.81 9.78 6.60 14.50 12.20 8.66 10.29 8.56 31-Oct-98 S&P/ASX 300 Index 1.69 5.81 6.86 9.89 6.62 14.66 12.34 8.82 10.46 8.77 Difference -0.01 0.00-0.05-0.11-0.02-0.16-0.14-0.16-0.17-0.20 BlackRock Wholesale Australian Share Fund PWA0823AU 99.6 1.03 4.67 6.92 9.94 6.12 14.23 11.35 7.72 9.09 8.74 31-Dec-93 S&P/ASX 300 Index 1.69 5.81 6.86 9.89 6.62 14.66 12.34 8.82 10.46 8.71 Difference -0.67-1.15 0.07 0.05-0.50-0.43-0.99-1.10-1.38 0.03 BlackRock Professional Investor Australian Share Fund MAL0104AU 3.7 0.98 4.54 6.67 9.46 5.91 13.69 10.82 7.21 8.58 10.38 14-Jun-12 S&P/ASX 300 Index 1.69 5.81 6.86 9.89 6.62 14.66 12.34 8.82 10.46 12.19 Difference -0.71-1.27-0.19-0.43-0.71-0.97-1.52-1.61-1.88-1.81 Australian Equity - Fundamental BlackRock Concentrated Industrial Share Fund (D Class) BLK0012AU 87.5 3.65 9.57 12.21 21.99 10.35 25.23 - - - 15.83 04-Jan-16 S&P/ASX 300 Industrials Accumulation Ex-Top 5 Stocks by Mkt Cap Gross Index 2.69 6.88 6.51 13.88 6.05 18.75 - - - 11.96 Difference 0.96 2.70 5.69 8.11 4.31 6.48 - - - 3.87 BlackRock Australian Share Fund PWA0014AU 180.7 3.73 9.78 12.68 21.97 10.67 25.09 15.79 10.11 10.09 7.62 31-May-88 S&P/ASX 300 Industrials Accumulation Ex-Top 5 Stocks by Mkt Cap Gross Index* 2.69 6.88 6.51 13.88 6.05 18.75 12.63 9.01 10.58 8.59 Difference 1.04 2.90 6.16 8.09 4.63 6.34 3.16 1.10-0.48-0.97 BlackRock Australian Share Fund Plus PWA0015AU 61.8 3.77 10.03 13.06 22.60 11.01 25.78 16.39 10.69 10.75 10.76 31-Oct-83 Difference 1.08 3.15 6.54 8.72 4.96 7.03 3.76 1.68 0.17 - BlackRock Equity Fund PWA0001AU 19.6 3.78 10.11 13.18 22.80 11.11 25.99 16.53 10.86 10.96-30-Nov-83 Difference 1.09 3.23 6.67 8.92 5.06 7.24 3.90 1.85 0.39 - BlackRock Concentrated Total Return Share Fund (E1 Class) BLK0021AU 0.3 2.71 10.64 21.02 29.27 18.75 32.37 - - - 27.16 25-Oct-16 BlackRock Concentrated Total Return Share Fund (E2 Class) BLK0022AU 13.1 2.42 9.36 18.46 26.00 16.44 28.70 - - - 23.95 25-Oct-16 International Equity - Fundamental BlackRock International Gold Fund (C Class) MAL0019AU 0.6-0.22-5.28-7.91-2.31-1.89 1.63 20.14 8.06-7.58-1.46 29-Sep-05 FTSE Gold Mining Index 1.43-5.66-4.76-0.75 1.91 4.72 26.89 13.84-7.20-2.35 Difference -1.64 0.38-3.15-1.56-3.81-3.09-6.75-5.77-0.38 0.89 BlackRock International Gold Fund (D Class) MAL0016AU 39.4-0.13-5.04-7.44-1.41-1.48 2.64 21.32 9.14-6.64 1.08 08-Dec-04 FTSE Gold Mining Index 1.43-5.66-4.76-0.75 1.91 4.72 26.89 13.84-7.20-1.07 Difference -1.56 0.62-2.68-0.67-3.40-2.08-5.58-4.70 0.56 2.16 BlackRock Emerging Market Fund (E Class) - 299.3 1.74 7.60 10.38 26.98 12.82 30.67 18.92 12.41 13.08 4.92 16-Feb-07 MSCI Emerging Markets Index 1.20 7.93 10.84 26.41 13.06 29.27 17.26 10.37 11.48 4.44 Difference 0.54-0.32-0.46 0.57-0.25 1.40 1.66 2.04 1.61 0.48 Page 5 of 7

International Equity - Scientific BlackRock Scientific International Equity Fund BAR0817AU 858.2 4.05 13.54 10.06 20.09 13.15 25.09 10.53 12.58 20.12 5.33 31-Dec-97 MSCI World ex Australia Index 3.23 11.36 7.47 15.35 10.38 20.51 10.29 12.62 19.38 5.10 Difference 0.82 2.19 2.59 4.74 2.78 4.57 0.24-0.04 0.74 0.23 BlackRock Scientific Hedged International Equity Fund BGL0109AU 479.4 2.48 9.05 11.57 23.47 11.55 26.60 13.34 10.32 16.16 10.51 04-Apr-03 MSCI World ex Australia Index (hedged in AUD) 1.67 6.97 8.98 18.68 8.84 22.12 13.24 10.55 15.62 10.89 Difference 0.81 2.09 2.59 4.78 2.71 4.48 0.09-0.23 0.54-0.38 ishares International Equity Index Fund BGL0106AU 503.3 3.25 11.41 7.55 15.58 10.48 20.76 10.49 12.96 19.56 4.22 12-Dec-01 MSCI World ex Australia Index 3.23 11.36 7.47 15.35 10.38 20.51 10.29 12.62 19.38 4.19 Difference 0.01 0.06 0.09 0.23 0.10 0.25 0.20 0.34 0.18 0.03 ishares Hedged International Equity Index Fund BGL0044AU 958.5 1.68 7.00 9.03 18.84 8.89 22.24 13.31 10.76 15.67 14.86 30-Jun-09 MSCI World ex Australia Index (hedged in AUD) 1.67 6.97 8.98 18.68 8.84 22.12 13.24 10.55 15.62 14.96 Difference 0.01 0.04 0.05 0.16 0.06 0.13 0.07 0.21 0.04-0.10 ishares All-Country Equity Index Fund BGL0079AU 304.5 2.96 10.96 7.98 16.17 10.62 21.10 11.14 12.56 18.25 11.73 07-Dec-09 MSCI AC World IMI Index 2.98 11.01 8.07 16.33 10.70 21.26 11.26 12.64 18.47 11.93 Difference -0.03-0.05-0.09-0.16-0.07-0.16-0.12-0.08-0.22-0.20 ishares Emerging Markets IMI Equity Index Fund - 1,030.0 1.29 7.96 10.50 25.49 12.71 28.21 15.97 9.86 11.00 6.26 02-Sep-10 MSCI EM IMI extobacco ex Controversial Weapons ex Nuclear Weap Index^ 1.39 8.22 10.81 26.02 13.09 28.81 16.62 10.39 11.61 6.74 Difference -0.10-0.26-0.32-0.53-0.38-0.59-0.65-0.53-0.61-0.48 BlackRock Impact World Equity Fund (Class D) - 0.2 3.11 12.10 9.01 16.42 11.81 22.75 - - - 20.04 19-Aug-16 MSCI World Net Total Return Index 3.19 11.20 7.43 15.19 10.27 20.35 - - - 17.80 Difference -0.08 0.90 1.58 1.23 1.54 2.40 - - - 2.23 ishares Wholesale Screened International Equity Index Fund (Class E) - 91.4 3.22 11.34 7.78-10.56 - - - - 16.09 22-Mar-17 MSCI World ex Tobacco ex Controversial Weapons ex Nuclear Weap Index 3.18 11.24 7.61-10.39 - - - - 15.70 Difference 0.04 0.10 0.17-0.17 - - - - 0.38 ishares Wholesale Screened International Equity Index Fund (Class E2) - 307.1 3.20 11.30 7.68-10.48 - - - - 15.95 22-Mar-17 MSCI World ex Tobacco ex Controversial Weapons ex Nuclear Weap Index 3.18 11.24 7.61-10.39 - - - - 15.70 Difference 0.02 0.05 0.08-0.09 - - - - 0.24 Australian Fixed Income - Active BlackRock Monthly Income Fund (C Class) MAL0014AU 7.1 0.04 1.89 2.98 5.71 2.46 6.34 5.29 3.97 5.88 4.01 04-Oct-04 Bloomberg AusBond Bank Bill Index 0.13 0.42 0.86 1.60 0.71 1.75 1.94 2.08 2.37 4.25 Difference -0.09 1.46 2.13 4.11 1.74 4.59 3.36 1.88 3.51-0.24 BlackRock Monthly Income Fund (D Class) MAL0012AU 86.2 0.06 1.94 3.09 5.91 2.54 6.55 5.50 4.18 6.10 4.36 05-Jul-04 Bloomberg AusBond Bank Bill Index 0.13 0.42 0.86 1.60 0.71 1.75 1.94 2.08 2.37 4.27 Difference -0.08 1.51 2.23 4.30 1.83 4.80 3.57 2.10 3.73 0.08 BlackRock Institutional Liquidity Fund (H Class) - 234.6 0.16 0.48 1.06 1.98 0.86 2.16 2.25 2.35 2.69 4.54 29-Jan-02 Bloomberg AusBond Bank Bill Index 0.13 0.42 0.86 1.60 0.71 1.75 1.94 2.08 2.37 4.39 Difference 0.02 0.06 0.21 0.38 0.15 0.41 0.31 0.27 0.32 0.15 BlackRock Monthly Income Fund (R Class) MAL0015AU 0.0 0.06 1.94 3.07 5.89 2.52 6.53 5.49 4.17 6.09 4.23 28-Sep-04 Bloomberg AusBond Bank Bill Index 0.13 0.42 0.86 1.60 0.71 1.75 1.94 2.08 2.37 4.25 Difference -0.08 1.52 2.21 4.28 1.81 4.78 3.56 2.09 3.72-0.02 Australian Fixed Income - Indexed ishares Australian Bond Index Fund BGL0105AU 697.0 0.86 1.63 0.93 4.08 1.86 3.89 3.58 3.67 4.20 5.57 14-Nov-01 Bloomberg AusBond Composite Bond Index 0.87 1.66 0.99 4.20 1.90 4.02 3.73 3.81 4.30 5.70 Difference -0.01-0.03-0.05-0.12-0.05-0.13-0.15-0.13-0.10-0.13 ishares Australian Government Inflation-Linked Bond Index Fund (E Class) MAL0044AU 186.6 2.08 2.36 0.89 4.43 2.53 4.70 2.71 3.00 3.47 6.00 13-Oct-10 Bloomberg AusBond Government Inflation Index 2.08 2.38 0.93 4.51 2.56 4.79 2.83 3.10 3.56 6.09 Difference 0.00-0.02-0.04-0.08-0.03-0.09-0.12-0.09-0.09-0.09 International Fixed Income - Active BlackRock Fixed Income Global Opportunities Fund (Aust) (CLASS D) BLK0003AU 35.5 0.12 0.79 2.22 4.63 1.74 5.34 4.22 3.63-3.75 31-Oct-14 Bloomberg AusBond Bank Bill Index 0.13 0.42 0.86 1.60 0.71 1.75 1.94 2.08-2.10 Difference -0.02 0.37 1.37 3.03 1.03 3.59 2.28 1.55-1.65 BlackRock Global Diversified Bond Fund (E Class) - 3.3 0.04 0.06 1.35 3.73 1.40 4.18 4.09 4.02 5.06 6.77 06-Jul-08 Barclays Global Aggregate 500 Index (hedged in AUD) 0.19 0.22 1.31 3.37 1.54 3.73 4.23 4.23 4.95 7.29 Difference -0.15-0.16 0.04 0.37-0.14 0.45-0.13-0.21 0.11-0.52 BlackRock Wholesale International Bond Fund PWA0825AU 110.7 0.03 0.06 1.35 3.73 1.40 4.17 4.09 4.02 5.06 6.22 30-Sep-92 Barclays Global Aggregate 500 Index (hedged in AUD) 0.19 0.22 1.31 3.37 1.54 3.73 4.23 4.23 4.95 7.01 Difference -0.16-0.17 0.04 0.36-0.14 0.45-0.14-0.22 0.11-0.79 International Fixed Income - Indexed ishares Global Bond Index Fund BGL0008AU 1,322.7 0.16 0.12 1.15 3.14 1.40 3.51 4.04 4.02 4.74 6.38 31-Mar-10 Barclays Global Aggregate Index (hedged in AUD) 0.19 0.22 1.33 3.43 1.55 3.80 4.28 4.26 4.96 6.64 Difference -0.03-0.10-0.18-0.29-0.15-0.30-0.25-0.24-0.23-0.27 Page 6 of 7

Property ishares Australian Listed Property Index Fund BGL0108AU 641.5 5.26 8.35 4.82 6.28 9.78 13.41 11.84 12.85 14.08 7.18 16-Jul-01 S&P/ASX 300 A-REIT Index 5.29 8.27 4.79 6.31 9.74 13.49 11.89 12.87 14.00 6.86 Difference -0.03 0.08 0.03-0.03 0.04-0.08-0.05-0.03 0.08 0.33 Diversified BlackRock Balanced Fund PWA0013AU 23.5 1.78 5.85 5.09 9.52 6.06 12.72 8.18 6.89 9.29 6.70 30-Apr-92 Diversified Benchmark 1.80 5.68 5.24 9.38 6.15 12.70 9.16 8.54 11.19 8.30 Difference -0.01 0.17-0.15 0.14-0.09 0.02-0.97-1.66-1.90-1.60 BlackRock Tactical Growth Fund PWA0822AU 620.6 1.87 6.11 5.61 10.52 6.50 13.86 9.27 7.97 10.39 8.01 30-Sep-92 Diversified Benchmark 1.80 5.68 5.24 9.38 6.15 12.70 9.16 8.54 11.19 8.41 Difference 0.07 0.43 0.37 1.14 0.35 1.16 0.12-0.57-0.81-0.40 Diversified - Scientific BlackRock Scientific Diversified Growth Fund BAR0813AU 319.9 1.75 5.74 6.29 11.82 6.78 15.21 9.97 7.99 10.87 7.75 31-Dec-96 Diversified Benchmark 1.64 5.22 5.31 9.95 5.94 13.22 9.78 8.16 10.82 7.45 Difference 0.11 0.52 0.98 1.87 0.84 1.99 0.19-0.17 0.05 0.30 BlackRock Scientific Diversified Stable Fund BAR0811AU 59.4 1.02 2.89 3.20 6.85 3.67 8.41 6.04 5.13 6.57 6.31 31-Dec-96 Diversified Benchmark 0.99 2.67 2.79 5.91 3.27 7.43 5.99 5.28 6.66 6.41 Difference 0.04 0.22 0.41 0.94 0.40 0.97 0.05-0.15-0.09-0.11 Alternative BlackRock Global Allocation Fund (Aust) (C Class) MAL0017AU 17.3 0.65 2.59 4.15 9.56 4.06 11.29 7.41 6.00 8.92 7.84 27-Jun-05 Diversified Benchmark 0.99 3.90 5.67 11.95 5.66 13.95 9.50 7.97 10.97 8.67 Difference -0.34-1.31-1.52-2.39-1.60-2.66-2.09-1.97-2.04-0.84 BlackRock Global Allocation Fund (Aust) (D Class) MAL0018AU 863.1 0.68 2.68 4.33 9.91 4.21 11.68 7.77 6.37 9.29 8.21 04-Jul-05 Diversified Benchmark 0.99 3.90 5.67 11.95 5.66 13.95 9.50 7.97 10.97 8.65 Difference -0.31-1.22-1.35-2.05-1.45-2.27-1.74-1.60-1.67-0.45 BlackRock Global Allocation Fund (Aust) (S Class) MAL0029AU 31.0 0.67 2.63 4.24 9.73 4.13 11.48 7.58 6.18 9.09 7.10 03-Apr-06 Diversified Benchmark 0.99 3.90 5.67 11.95 5.66 13.95 9.50 7.97 10.97 8.21 Difference -0.33-1.26-1.44-2.22-1.52-2.47-1.92-1.79-1.87-1.11 BlackRock Global Multi-Asset Income Fund (Aust) (D Class) - 21.4 0.32 2.07 3.93 9.61 3.17 11.16 8.04 - - 7.51 28-Oct-15 BlackRock Style Advantage Fund (Aust) (D Class) BLK0018AU 0.0 0.51-0.83-2.08 1.46-1.84 4.22 - - - 4.22 30-Nov-16 Bloomberg AusBond Bank Bill Index 0.13 0.42 0.86 1.60 0.71 1.75 - - - 1.75 Difference 0.37-1.26-2.93-0.15-2.55 2.47 - - - 2.47 Alternative - Scientific BlackRock Australian Equity Absolute Return Fund - 39.3-1.43-1.81 2.62 4.15 0.22 3.22 2.15 1.91 1.06 1.85 26-Apr-12 RBA Cash Rate Target 0.12 0.37 0.75 1.37 0.63 1.50 1.64 1.81 2.14 2.28 Difference -1.56-2.18 1.87 2.78-0.40 1.72 0.51 0.10-1.08-0.44 BlackRock Multi Opportunity Absolute Return Fund BLK0001AU Due to monthly pricing, fund performance numbers released on business day 18 *Prior to 7th December, the fund was benchmarked against the S&P/ASX 300 Accumulation Index **Prior to 30th April 2015, the fund was benchmarked against the S&P/ASX Global Mid-Small Index ***Prior to 30h April 2015, the fund was benchmarked against the S&P Global Mid-Small Index (hedged in AUD) ^Prior to 30th September 2017, the fund was benchmarked against MSCI Emerging Markets IMI ex Tobacco Index Issued by BlackRock Investment Management (Australia) Limited (AFS License No. 230523, ABN 13 006 165 975) ( BlackRock ). BlackRock is the responsible entity of the Fund(s) referred to in this document. An Offer Document for the Fund(s) is available from BlackRock. Potential investors should consider the Offer Document in deciding whether to acquire, or to continue to hold, units in the Fund(s). BlackRock, its officers, employees and agents believe that the information in this document is correct at the time of compilation, but no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors or omissions (including responsibility to any person by reason of negligence) is accepted by BlackRock, its officers, employees or agents. This document contains general information only and is not intended to represent general or specific investment or professional advice. The information does not take into account an individual s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial or other professional adviser before making an investment decision. No guarantee as to the capital value of investments in the Fund(s) nor future returns is made by BlackRock. If you have any queries relating to any of this information or to obtain a copy of the Offer Document for the Fund(s), please contact your relationship manager. Alternatively, if you have a query relating to the wholesale funds, please contact our Client Services Team via email at ClientServices.Aus@blackrock.com, or by phone on 1300 366 100 if you have a query relating to our retail fund range. Past performance is not a reliable indicator of future performance. Performance for periods greater than one year is annualised. Performance is calculated in Australian dollars and assumes reinvestment of distributions. Gross performance is calculated gross of ongoing fees and expenses. Net performance is calculated on exit-to-exit price basis, e.g. net of ongoing fees and expense. Page 7 of 7