KEY INVESTOR INFORMATION This document provides you with key investor information about this Fund. It is not marketing material. The information is required by law to help you understand the nature and risks of investing in this Fund. You are advised to read it so you can make an informed decision about whether to invest.

iShares AI Innovation Active UCITS ETF USD AccuISIN: IE000G0E83X3 Exchange Traded Fund (ETF) A sub-fund of iShares III plcManager: BlackRock Asset Management Ireland Limited

Objectives and Investment Policy

The Fund is actively managed and aims to generate long term capital growth by investing globally at least 70% of its total assets in the equity securities of companies

whose predominant economic activity is the advancement, development, and use of artificial intelligence ("AI") technology. The Investment Manager (IM) considers a

company to be an AI company if it is expected to derive future revenue from the advancement, development, and/or use of AI technology.

In normal market conditions the Fund will invest in equity securities of companies with large, medium and small market capitalization (market capitalization is the share

price of the company multiplied by the number of shares issued). Although it is likely that most of the Fund’s investments will be in companies located in developed

markets globally, the Fund may also invest in emerging markets.

The Fund will also invest in accordance with its ESG Policy as outlined in the Fund’s prospectus.

The IM has full discretion to select the Fund's investments and is not constrained by any benchmark in this process. The MSCI ACWI Index should be used by investors

to compare the performance of the Fund. The IM will also refer to the MSCI All Countries World Information Technology 10/40 Index (IT Index) for risk management

purposes to ensure that the active risk (i.e. degree of deviation from the Index) taken by the Fund remains appropriate given the Fund’s investment objective and

policy. The IM is not bound by the components or weighting of the IT Index when selecting investments.

The IM may use financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets) for investment purposes in

order to achieve the investment objective of the Fund, and/or to reduce risk within the Fund’s portfolio, reduce investment costs and generate additional income. The

Fund may, via FDIs, generate varying amounts of market leverage (i.e. where the Fund gains market exposure in excess of the value of its assets).

The Fund may also indirectly invest in equities by investing in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs), which are listed or traded

on stock exchanges and regulated markets. ADRs and GDRs are investments issued by financial institutions which give exposure to underlying equity securities.

The Fund may engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to off-set the costs of the Fund.

Recommendation: This Fund is suitable for medium to long term investment, though the Fund may also be suitable for shorter term exposure to the Index.

Your shares will be accumulating shares (i.e. income will be included in their value).

Your shares will be denominated in US Dollar, the Fund's base currency.

The shares are listed on one or more stock exchanges and may be traded in currencies other than their base currency. The performance of your shares may be

affected by this currency difference. In normal circumstances, only authorised participants (e.g. select financial institutions) may deal in shares (or interests in shares)

directly with the Fund. Other investors can deal in shares (or interests in shares) daily through an intermediary on stock exchange (s) on which the shares are traded.

Indicative net asset value is published on relevant stock exchanges websites. For more information on the Fund, Share Class, risks and charges, please see the Fund's prospectus, available on the product pages at www.blackrock.com

Risk and Reward Profile

Lower risk

Higher risk

- The value of equities and equity-related securities can be affected by daily

Typically lower rewards Typically higher rewards

stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events.

- The Fund seeks to exclude companies engaging in certain activities inconsistent with ESG criteria. Such ESG screening may reduce the potential

The risk indicator was calculated incorporating simulated historical data and investment universe and this may adversely affect the value of the Fund’s

may not be a reliable indication of the future risk profile of the Share Class.

investments compared to a fund without such screening.

The risk category shown is not guaranteed and may change over time. - Companies in AI-related businesses will be subject to risks associated with

The lowest category does not mean risk free.

developing technology and will face intense competition which may have an

The Share Class is rated six due to the nature of its investments which include

adverse effect on profit margins. It is likely that these companies will also rely

the risks listed below. These factors may impact the value of the Share Class or

heavily on Patents and other proprietary rights and any loss of, or limitation

expose the Share Class to losses. on their ability to enforce, such proprietary rights in the future could have a

- Investment risk is concentrated in specific sectors, countries, currencies or

material adverse effect on their profitability. Certain AI technology features companies. This means the Fund is more sensitive to any localised economic, may also increase the risk of fraud or cyberattack. market, political, sustainability-related or regulatory events.

Particular risks not adequately captured by the risk indicator include:

- Counterparty Risk: The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Share Class to financial loss. The benchmark is the intellectual property of the index provider. The Share Class is not sponsored or endorsed by the index provider. Please refer to the Fund's prospectus for full disclaimer. Charges The charges are used to pay the costs of running the Share Class, including the ** To the extent the Fund undertakes securities lending to reduce costs, the costs of marketing and distributing it. These charges reduce the potential growth ofFund will receive 62.5% of the associated revenue generated and the remaining your investment.37.5% will be received by BlackRock as the securities lending agent. As *Not applicable to secondary market investors. Investors dealing on a stock securities lending revenue sharing does not increase the costs of running the exchange will pay fees charged by their stock brokers. Such charges are publiclyFund, this has been excluded from the ongoing charges. available on exchanges on which the shares are listed and traded, or can be

One-off charges taken before or after you invest obtained from stock brokers.

Entry Charge

None* *Authorised participants dealing directly with the Fund will pay related transaction costs including, on redemptions, any applicable capital gains tax (CGT) and otherExit Charge

None* taxes on underlying securities.

This is the maximum that might be taken out of your money before it is invested or

before proceeds of your investments are paid out. The ongoing charges figure is based on the fixed annualised fee charged to the Share Class in accordance with the Fund’s prospectus. This figure excludes portfolio Charges taken from the Share Class over each year trade related costs, except costs paid to the depositary and any entry/exit charge

Ongoing Charges 0.73%** paid to an underlying collective investment scheme (if any). Charges taken from the Share Class under certain conditions

Performance Fee None

Past Performance Past performance is not a guide to future performance. The Fund was launched in 2025. The Share Class was launched in 2025. Performance is shown after deduction of ongoing charges. Any entry/exit charges are excluded fromThis chart has been left intentionally blank as there is less than one year's performance data. the calculation. Practical Information

The depositary of the Fund is State Street Custodial Services (Ireland) Limited.

Further information about the Fund and the Share Class can be obtained from the latest annual report and half-yearly reports of iShares III plc. These documents are

available free of charge in English and certain other languages. These can be found, along with other information, such as details of the key underlying investments of

the Share Class and share prices, on the iShares website at www.ishares.com or by calling +44 (0)845 357 7000 or from your broker or financial adviser.

Investors should note that the tax legislation that applies to the Fund and Share Class may have an impact on the personal tax position of your investment.

The Fund is a sub-fund of iShares III plc, an umbrella structure comprising different sub-funds. The Fund has one or more share classes. This document is specific to

the Fund and Share Class stated at the beginning of this document. However, the prospectus, annual and half-yearly reports are prepared for the umbrella.

iShares III plc may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts

of the Fund's prospectus.

The indicative intra-day net asset value of the Share Class is published on relevant stock exchanges websites.

Under Irish law, iShares III plc has segregated liability between its sub-funds (i.e. the Fund’s assets will not be used to discharge the liabilities of other sub-funds within

iShares III plc). In addition, the Fund's assets are held separately from the assets of other sub-funds. Assets and liabilities specific to a share class would be

attributable to only that share class, however there is no segregation of liabilities between share classes under Irish law.

Switching of shares between the Fund and other sub-funds within iShares III plc is not available to investors. Only Authorised Participants dealing directly with the Fund

may switch shares between share classes of the Fund subject to meeting certain conditions in the Fund's prospectus.

The Remuneration Policy of the Management Company, which describes how remuneration and benefits are determined and awarded, and the associated governance

arrangements, is available at www.blackrock.com/Remunerationpolicy or on request from the registered office of the Management Company. This Fund and its manager, BlackRock Asset Management Ireland Limited, are authorised in Ireland and regulated by the Central Bank of Ireland. This Key Investor Information is accurate as at 20 January 2025