Dodd F. Kittsley has joined Barclays Global Investors' iShares sales strategy team in a new position as a client segment strategist. Kittsley will focus on meeting the needs of financial advisors and will report to Brad Pope, director of iShares sales strategy for BGI.

Barclays Global Investors (BGI), one of the world's largest asset management firms(1), announced today that Dodd F. Kittsley, CFA, has joined the iShares Sales Strategy team in a new position as a Client Segment Strategist.

In this role, Mr. Kittsley will primarily focus on the needs of financial advisors and identify and provide them with better services. Effective April 16, 2007, he will be based in San Francisco and will report to Brad Pope, Director of iShares Sales Strategy for BGI.

"I have always admired the iShares products and advisor-centric services," said Mr. Kittsley. "As a leading innovator and provider of exchange traded funds, BGI is committed to being financial advisors' primary source for exchange traded products and strategies that directly benefit them and their clients."

Mr. Pope added, "We believe this new position will allow Dodd to use his strengths to enhance the BGI's advisor services and offerings. With more than 11 years of impressive performance in equity research and strategy development, he will channel those skills into the iShares family."

The iShares Sales Strategy team brings the latest investment thought leadership to financial advisors by leveraging the institutional experience of Barclays Global Investors. The team develops education and solutions to support financial advisors in providing advice to their clients and growing their business.

Highlighted Links http://www.ishares.com

Prior to joining iShares Funds, Mr. Kittsley was the director of the Strategy and Research Group for State Street Global Advisors (SSgA), where he managed a team of eight research strategists who provided customized portfolio solutions to financial advisors, asset managers, RIAs and family offices. He also served SSgA as a principal and Director of ETF Research for the Advisor Strategies Group. Prior to joining SSgA, Dodd was a Vice President in the equity research department at Morgan Stanley, where for nearly eight years he was responsible for developing research and investment strategies using ETFs and closed-end funds.

Mr. Kittsley holds a Masters in Education from the University of Houston, and a Bachelor of Arts in Psychology from Hamilton College. He holds the Chartered Financial Analyst designation and is a member of the CFA Institute and Boston Society of Security Analysts.

BGI is one of the world's largest asset managers(1) and a leading global provider of investment management products and services. It has over 2,900 institutional clients and over $1.8 trillion of assets under management as of 12/31/06. It transformed the investment industry by creating the first index strategy in 1971 and the first quantitative active strategy in 1979. BGI is the global product leader in exchange traded funds (iShares) with over 190 funds for institutions and individuals trading in fifteen markets. Globally, BGI and its affiliates have approximately $287 billion of iShares assets under management. BGI is a majority-owned subsidiary of Barclays Bank PLC.

Carefully consider the funds' investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the funds' prospectuses, which may be obtained by calling 1-800-iShares or by visiting www.ishares.com. Read the prospectus carefully before investing.

There are risks involved with investing, including possible loss of principal.

The Funds are distributed by SEI Investments Distribution Co. (SEI). Barclays Global Fund Advisors (BGFA) serves as an advisor to the Funds. Barclays Global Investors Services (BGIS) assists in the marketing of the Funds. BGFA and BGIS are subsidiaries of Barclays Global Investors, N.A., which is a majority-owned subsidiary of Barclays Bank PLC, none of which is affiliated with SEI, State Street Global Advisors or Morgan Stanley.

� 2007 Barclays Global Investors. 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.

(1) Source: "P&I/Watson Wyatt World 500," Pensions & Investments, September 4, 2006.

Edited by: Erin Kello

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