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Barclays Global Investors Announces the Trading of Eight New International iShares Exchange Traded Funds

The First iShares Funds List on NASDAQ

Barclays Global Investors (BGI) announced today the launch of eight new iShares international exchange traded funds that provide exposure to global real estate, developed small cap, Asia, and emerging markets. Three of the funds are trading on the NYSE Arca and all five of the FTSE-linked funds are trading on The NASDAQ Stock Market, which marks the first time iShares Funds are listed on NASDAQ.

Fund                                      Listing Exchange    Expense Ratio
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iShares FTSE Developed Small Cap
 ex-North America Index Fund (IFSM)            NASDAQ            50 bps
iShares FTSE EPRA/NAREIT Global
 Real Estate ex-U.S. Index Fund (IFGL)         NASDAQ            48 bps
iShares FTSE EPRA/NAREIT Asia Index
 Fund (IFAS)                                   NASDAQ            48 bps
iShares FTSE EPRA/NAREIT Europe Index
 Fund (IFEU)                                   NASDAQ            48 bps
iShares FTSE EPRA/NAREIT North America
 Index Fund (IFNA)                             NASDAQ            48 bps
iShares S&P Asia 50 Index Fund (AIA)         NYSE Arca           50 bps
iShares MSCI BRIC Index Fund (BKF)           NYSE Arca           75 bps
iShares MSCI Chile Index Fund (ECH )         NYSE Arca           74 bps

"We offer the broadest set of international ETFs because we recognize the hurdles that investors face with international investing. This is particularly the case with investing in emerging markets, international sectors and small cap securities," said Noel Archard, Head of U.S. iShares Product Development. "Thus we are excited to bring investors eight new iShares international funds that are cost effective, tradable investment vehicles."

Michael Latham, Head of iShares Americas, stated, "BGI continues to work with leading exchanges around the world to bring innovative investment products to the marketplace. We are pleased today to extend our relationship with NASDAQ by listing the first iShares funds on the NASDAQ Stock Market."

The iShares Funds are index funds that are bought and sold like common stocks on securities exchanges. The iShares Funds are attractive to many individual and institutional investors and financial intermediaries because of their relative low cost, tax efficiency and trading flexibility. Investors can purchase and sell shares through any brokerage firm, financial advisor, or online broker, and hold the funds in any type of brokerage account.

Carefully consider the funds' investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the funds' prospectuses, which may be obtained by calling 1-800-iShares or by visiting www.ishares.com. Read the prospectus carefully before investing.

Barclays Global Investors (BGI) is one of the world's largest asset managers(1) providing structured investment strategies such as risk-controlled active strategies and indexing. In the U.S., BGI is one of the largest active managers(2), set apart by its risk-controlled approach. BGI manages 65% of the world's 100 largest pension plans(3) and is a leader in assets and products in exchange traded funds (ETFs) through its iShares® brand with more than 190 ETFs globally. The firm managed over $2 trillion in assets as of 6/30/07, for more than 2,900 clients in 52 countries around the world. BGI is a majority-owned subsidiary of Barclays Bank PLC.

There are risks involved with investing, including possible loss of principal. In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations.

Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country may be subject to higher volatility. Investments in smaller companies typically exhibit higher volatility. REIT investments are subject to changes in economic conditions, credit risk and interest rate fluctuations. International real estate is subject to the status of its local economy.

The iShares Funds ("Funds") are distributed by SEI Investments Distribution Co. (SEI). Barclays Global Fund Advisors (BGFA) serves as an advisor to the Funds. Barclays Global Investors Services (BGIS) assists in the marketing of the Funds. BGFA and BGIS are subsidiaries of Barclays Global Investors, N.A., which is a majority-owned subsidiary of Barclays Bank PLC, none of which is affiliated with SEI.

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by European Public Real Estate Association ("EPRA®"), FTSE International Limited ("FTSE"), MSCI Inc., National Association of Real Estate Investment Trusts ("NAREIT"), or Standard and Poor's. None of these companies make any representation regarding the advisability of investing in the Funds. Neither SEI nor BGI, nor any of their affiliates, are affiliated with the companies listed above.

Neither FTSE nor NAREIT makes any warranty regarding the FTSE EPRA/NAREIT Global Real Estate ex-US/North America/Europe/Asia, Index; all rights vest in FTSE, NAREIT, and EPRA. "FTSE" is a trade- and servicemark of London Stock Exchange and The Financial Times Limited; "NAREIT®" is a trademark of NAREIT; "EPRA®" is a trademark of EPRA All rights in the FTSE Developed Small Cap ex-North America Index vest in FTSE.

© 2007 Barclays Global Investors, N.A. All rights reserved. iShares® is a registered trademark of Barclays Global Investors, N.A. All other trademarks, servicemarks or registered trademarks are the property of their respective owners.

(1) Source: "P&I/Watson Wyatt World 500," Pensions & Investments, September 4, 2006.

(2) Source: "Special Reports: Money Manager Directory," Pensions & Investments, May 29, 2006.

(3) Source: "P&I/Watson Wyatt World 300: Largest Pension Funds," Pensions & Investments, September 18, 2006.