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 € Flexible Income Bond Active

Hedged GBP AccuISIN: IE000R1X43G7 Exchange Traded Fund (ETF) UCITS ETF

Manager: BlackRock Asset Management Ireland Limited A sub-fund of iShares III plc

Objectives and Investment Policy

The Fund is actively managed and aims to maximise income by primarily investing in debt and income-producing securities while seeking to maintain long term capital

growth.

The Fund will invest in fixed income transferable securities, including fixed rate, floating rate, inflation-linked, investment grade, non-investment grade and unrated

securities issued by governments, government agencies, companies and supranationals worldwide, including in emerging markets, and asset backed securities. The

Fund may invest up to 60% of its assets in non-investment grade and unrated securities.

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

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

futures, options, forward contracts and options on such contracts, mortgage TBAs (to-be-announced securities) and swap contracts (including credit default swaps and

total return swaps) and credit derivatives for direct investment purposes or for efficient portfolio management purposes.

The Fund is actively managed and the IM has discretion to select the Fund’s investments without reference to a benchmark. Investors may use the Bloomberg Euro

Aggregate Bond Index to compare the performance of the Fund against Euro-denominated bonds.

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).

The Fund’s base currency is Euro. Shares for this Share Class are denominated in Sterling. The performance of your shares may be affected by this currency difference.

Your shares will be hedged with the aim of reducing the effect of exchange rate fluctuations between the denominated currency of the shares and the Fund’s

underlying portfolio currencies or the Fund’s base currency. FDIs, including FX forward contracts, will be used for currency hedging purposes. The hedging strategy

may not completely eliminate currency risk and, therefore, may affect the performance of your shares. Please see the prospectus for further details.

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

- Emerging markets are generally more sensitive to economic and political

Typically lower rewards Typically higher rewards

conditions than developed markets. Other factors include greater 'Liquidity Risk', restrictions on investment or transfer of assets, failed/delayed delivery of securities or payments to the Fund and sustainability-related risks.

- Derivatives may be highly sensitive to changes in the value of the asset on

The risk indicator was calculated incorporating simulated historical data and which they are based and can increase the size of losses and gains, resulting

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

in greater fluctuations in the value of the Fund. The impact to the Fund can be

The risk category shown is not guaranteed and may change over time.

greater where derivatives are used in an extensive or complex way.

The lowest category does not mean risk free.- Non-investment grade fixed income securities are more sensitive to changes

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

in interest rates and present greater ‘Credit Risk’ than higher rated fixed

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

income securities.

expose the Share Class to losses.

- The Fund seeks to exclude companies engaging in certain activities

- Credit risk, changes to interest rates and/or issuer defaults will have a

inconsistent with ESG criteria. Such ESG screening may reduce the potential significant impact on the performance of fixed income securities. Potential or

investment universe and this may adversely affect the value of the Fund’s actual credit rating downgrades may increase the level of risk. investments compared to a fund without such screening.

- Asset backed securities and mortgage backed securities are subject to the Particular risks not adequately captured by the risk indicator include: same risks described for fixed income securities. These instruments may be- Counterparty Risk: The insolvency of any institutions providing services such subject to 'Liquidity Risk', have high levels of borrowing and may not fullyas safekeeping of assets or acting as counterparty to derivatives or other reflect the value of underlying assets. instruments, may expose the Share Class to financial loss.

- Credit Risk: The issuer of a financial asset held within the Fund may not pay income or repay capital to the Fund when due.

- Liquidity Risk: Lower liquidity means there are insufficient buyers or sellers to allow the Fund to sell or buy investments readily. 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 0.42%** 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 2026. 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. †¹BBG Euro Aggregate Index (EUR) 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 +44 207-743-1500 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 27 March 2026