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 Growth Portfolio UCITS ETF GBP Hedged (Acc) Share ClassISIN: IE00BLLZQ912 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 without reference to a benchmark meaning the investment manager (IM) has absolute discretion to select the Fund’s investments and is not constrained by any target, comparator or performance benchmark. The Fund aims to achieve a return on your investment through a combination of capital growth and income on the Fund's investments whilst maintaining a growth risk profile (i.e. an evaluation of the risks associated with the portfolio) of 10-15% in a manner consistent with the Fund’s environmental, social and governance criteria (ESG Criteria). The risk profile of the Fund, for this purpose, is measured as the volatility (i.e. the degree of fluctuation) of the Fund’s returns converted into an annual rate, over a five- year period. The Fund will predominantly invest in other funds and investment products including UCITS mutual funds, UCITS exchange traded funds (UCITS ETFs). and UCITS eligible exchange traded commodities. The Fund will obtain indirect exposure to a variety of asset classes globally, including fixed income securities (e.g. bonds), equity securities (e.g. shares), precious metals, and may hold permitted money market instruments (e.g. debt instruments with short-term maturities), permitted deposits and cash. At least 80% of the Fund’s assets will, at the time of purchase, be invested in funds tracking indices that meet the following ESG Criteria: exclude certain investments based on ESG-related characteristics; or, are comprised of government bond issuers with an ESG sovereign rating of BB or higher (as defined by MSCI or other third party data vendor).The Fund will use quantitative (i.e. mathematical or statistical) models in order to inform its approach to stock selection. The composition of the Fund’s investments is determined based on consistency between the risk profile of the Fund’s portfolio and the investment objective; ESG Criteria; the IM’s investment models; and the IM’s discretionary insights. The Fund will seek to stay within the stated risk profile by varying its asset allocations in different market conditions. Under normal market conditions, the Fund will seek a higher exposure to equity securities (which are generally considered to be more risky compared to fixed income securities), compared to a fund with a lower risk profile which would seek to have a higher exposure to fixed income securities. The IM may use financial derivative instruments (i.e. investments the prices of which are based on one or more underlying assets) to reduce risk within the Fund’s portfolio, reduce investment costs and generate additional income. 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 may not be appropriate for short-term investment. 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 - 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 prices of commodities tend to experience greater variations than other asset classes (e.g. equities or fixed income securities). Investments in This indicator is based on historical data and may not be a reliable indication ofcommodities are therefore potentially riskier than other types of investments. the future risk profile of this Share Class.- The Fund may seek to exclude Funds which are not subject to ESG-related The risk category shown is not guaranteed and may change over time. requirements. Such ESG screening may reduce the potential investment The lowest category does not mean risk free. universe and this may adversely affect the value of the Fund’s investments The Share Class is rated five due to the nature of its investments which include compared to a fund without such screening. the risks listed below. These factors may impact the value of the Share Class orParticular risks not adequately captured by the risk indicator include: expose the Share Class to losses. - Counterparty Risk: The insolvency of any institutions providing services such - Credit risk, changes to interest rates and/or issuer defaults will have a as safekeeping of assets or acting as counterparty to derivatives or other significant impact on the performance of fixed income securities. Potential or instruments, may expose the Share Class to financial loss. actual credit rating downgrades may increase the level of risk. - 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 0.25%** 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 GBP 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 2020. The Share Class was launched in 2020. Performance is shown after deduction of ongoing charges. Any entry/exit charges are excluded from the calculation. 2021 2022 2023 20242025Fund 18.2-17.313.2 18.511.0 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