15 iShares ETFs to Split Shares

The Board of Directors of iShares authorized a split of the shares of 15 iShares Funds (listed below) for shareholders of record as of the close of business on July 21, 2008.

Ticker --- Split Ratio --- Fund Name
ILF --- 5 for 1 --- iShares S&P Latin America 40 Index Fund
FXI --- 3 for 1 --- iShares FTSE/Xinhua China 25 Index Fund
EEM --- 3 for 1 --- iShares MSCI Emerging Markets Index Fund
EPP --- 3 for 1 --- iShares MSCI Pacific ex-Japan Index Fund
IWS --- 3 for 1 --- iShares Russell Midcap Value Index Fund
IXC --- 3 for 1 --- iShares S&P Global Energy Sector Index Fund
IGE --- 3 for 1 --- iShares S&P North American Natural Resources Sector Index Fund
IYE --- 3 for 1 --- iShares Dow Jones Energy Sector Fund
IJT --- 2 for 1 --- iShares S&P SmallCap 600 Growth Index Fund
ISI --- 2 for 1 --- iShares S&P 1500 Index Fund
EZA --- 2 for 1 --- iShares MSCI South Africa Fund
ITF --- 2 for 1 --- iShares S&P/TOPIX 150 Index Fund
EZU --- 2 for 1 --- iShares MSCI EMU Index Fund
IWP --- 2 for 1 --- iShares Russell Midcap Growth Index Fund
IEV --- 2 for 1 --- iShares S&P Europe 350 Index Fund

A split has the effect of lowering the share price by increasing the number of shares outstanding. The total value of shares outstanding is not affected by a split. For example, a 2-for-1 split will halve the share price of an ETF and double the number of outstanding shares.

Hypothetical example of 2-for-1 split:

Pre-split

Number of Shares Owned: 100

Hypothetical Market Price per Share: $120

Total Value: $12,000

Post split

Number of Shares Owned: 200

Hypothetical Market Price per Share: $60

Total Value: $12,000

See the iShares Directory for a complete listing.

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