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 Emerging Asia Local Govt Bond USD (Dist) Share ClassISIN: IE00B6QGFW01 Exchange Traded Fund (ETF) UCITS ETF Manager: BlackRock Asset Management Ireland Limited A sub-fund of iShares III plc Objectives and Investment Policy The Share Class is a share class of a Fund which aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the Bloomberg Barclays Emerging Markets Asia Local Currency Government Country Capped Index, the Fund’s benchmark index (Index). The Share Class, via the Fund is passively managed and aims to invest so far as possible and practicable in the fixed income (FI) securities (such as bonds) that make up the Index. The Index measures the performance of local currency denominated government debt (such as government bonds) issued by emerging market countries in Asia. To ensure diversification, the Index is capped, which means that the weight of each country in the Index is capped to 20% of the Index. The Index does not apply any minimum credit rating requirement to its constituents. The Fund uses optimising techniques to achieve a similar return to its Index. These may include the strategic selection of certain securities that make up the Index or other FI securities which provide similar performance to certain constituent securities. These may also include the use of financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets). FDIs may be used for direct investment purposes. The Fund may also 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 distributing shares (i.e. income will be paid on the shares semi-annually). 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 - 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. - Currency Risk: The Fund invests in other currencies. Changes in exchange This indicator is based on historical data and may not be a reliable indication ofrates will therefore affect the value of the investment. the future risk profile of this Share Class.- Fixed income securities issued or guaranteed by government entities in The risk category shown is not guaranteed and may change over time. emerging markets generally experience higher ‘Credit Risk’ than developed The lowest category does not mean risk free. economies. The Share Class is rated four due to the nature of its investments which includeParticular risks not adequately captured by the risk indicator include: the risks listed below. These factors may impact the value of the Share Class or- Counterparty Risk: The insolvency of any institutions providing services such expose the Share Class to losses. as safekeeping of assets or acting as counterparty to derivatives or other - Credit risk, changes to interest rates and/or issuer defaults will have a instruments, may expose the Share Class to financial loss. significant impact on the performance of fixed income securities. Potential or- Credit Risk: The issuer of a financial asset held within the Fund may not pay actual credit rating downgrades may increase the level of risk. 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 ChargeNone* 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 0.50%** 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 Historic performance to 31 December 2025 performance. The chart shows the Share Class's annual performance in USD for each full calendar year over the period displayed in the chart. It is expressed as a percentage change of the Share Class's net asset value at each year-end. The Fund was launched in 2012. The Share Class was launched in 2012. Performance is shown after deduction of ongoing charges. Any entry/exit charges are excluded from the calculation. † Benchmark:Bloomberg Emerging Markets Asia 2016 2017 2018 2019 2020 2021 20222023 2024 2025 Local Currency Govt Country Capped IndexFund0.7 12.0 -1.6 9.08.9 -4.2 -8.2 5.5 1.5 5.9Benchmark † 1.5 13.0 -1.1 10.19.5 -4.1 -8.0 5.7 1.7 6.2 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 09 February 2026