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IShares(R) Funds Scheduled to Move to NYSE Arca

Barclays Global Investors (BGI), one of the world's largest institutional asset managers and Exchange Traded Funds (ETF) managers, today announced it will transfer its NYSE-listed iShares ETFs to the NYSE Arca listing and trading platform on December 6, 2007. No action is needed by current shareholders.

NYSE Euronext announced earlier this year its plans to move all ETF trading to NYSE Arca by year end because it believes that offering a single platform for listing and trading ETFs will further improve efficiencies and market quality.

"This is a natural progression of iShares funds' listing and trading on the NYSE. Currently there are 30 iShares ETFs listed on the NYSE Arca, which is the largest public liquidity pool for ETFs in the U.S.(1) The NYSE specialist firms representing iShares ETF products are already acting as lead market makers in primary listings of ETFs on NYSE Arca and we believe they will continue to provide liquidity in iShares ETFs," said Lee Kranefuss, CEO of BGI's Intermediary and Exchange Traded Funds Business.

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(2) providing structured investment strategies such as risk-controlled active strategies and indexing. In the U.S., BGI is one of the largest active managers(3), set apart by its risk-controlled approach. BGI manages 65% of the world's 100 largest pension plans(4) 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.

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.

Investing involves risk, including possible loss of principal. Transactions in shares of the iShares Funds will result in brokerage commissions.

© 2007 Barclays Global Investors. 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: Arcavision.com, 3rd Quarter 2007 liquidity data.

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

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

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

ADDENDUM

iShares Funds to Move from NYSE to NYSE Arca on December 6, 2007

iShares Dow Jones Select Dividend Index Fund                            DVY
iShares Dow Jones Select Dividend Index Fund                            IYT
iShares Dow Jones U.S. Aerospace & Defense Index Fund                   ITA
iShares Dow Jones U.S. Basic Materials Sector Index Fund                IYM
iShares Dow Jones U.S. Broker-Dealers Index Fund                        IAI
iShares Dow Jones U.S. Consumer Goods Sector Index Fund                 IYK
iShares Dow Jones U.S. Consumer Services Sector Index Fund              IYC
iShares Dow Jones U.S. Energy Sector Index Fund                         IYE
iShares Dow Jones U.S. Financial Sector Index Fund                      IYF
iShares Dow Jones U.S. Financial Services Index Fund                    IYG
iShares Dow Jones U.S. Healthcare Providers Index Fund                  IHF
iShares Dow Jones U.S. Healthcare Sector Index Fund                     IYH
iShares Dow Jones U.S. Home Construction Index Fund                     ITB
iShares Dow Jones U.S. Industrial Sector Index Fund                     IYJ
iShares Dow Jones U.S. Insurance Index Fund                             IAK
iShares Dow Jones U.S. Medical Devices Index Fund                       IHI
iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund    IEO
iShares Dow Jones U.S. Oil Equipment & Services Index Fund              IEZ
iShares Dow Jones U.S. Pharmaceuticals Index Fund                       IHE
iShares Dow Jones U.S. Real Estate Index Fund                           IYR
iShares Dow Jones U.S. Regional Banks Index Fund                        IAT
iShares Dow Jones U.S. Technology Sector Index Fund                     IYW
iShares Dow Jones U.S. Telecommunications Sector Index Fund             IYZ
iShares Dow Jones U.S. Total Market Index Fund                          IYY
iShares Dow Jones U.S. Utilities Sector Index Fund                      IDU
iShares FTSE/Xinhua China 25 Index Fund                                 FXI
iShares KLD Select Social Index Fund                                    KLD
iShares Lehman 1-3 Year Credit Bond Fund                                CSJ
iShares Lehman 3-7 Treasury Bond Fund                                   IEI
iShares Lehman 10-20 Year Treasury Bond Fund                            TLH
iShares Lehman Credit Bond Fund                                         CFT
iShares Lehman Government/Credit Bond Fund                              GBF
iShares Lehman Intermediate Credit Bond Fund                            CIU
iShares Lehman Intermediate Government/Credit Bond Fund                 GVI
iShares Lehman Short Treasury Bond Fund                                 SHV
iShares Lehman TIPS Fund                                                TIP
iShares Morningstar Large Core Index Fund                               JKD
iShares Morningstar Large Growth Index Fund                             JKE
iShares Morningstar Large Value Index Fund                              JKF
iShares Morningstar Mid Core Index Fund                                 JKG
iShares Morningstar Mid Growth Index Fund                               JKH
iShares Morningstar Mid Value Index Fund                                JKI
iShares Morningstar Small Core Index Fund                               JKJ
iShares Morningstar Small Growth Index Fund                             JKK
iShares Morningstar Small Value Index Fund                              JKL
iShares MSCI EAFE Index Fund                                            EFA
iShares MSCI EAFE Growth Index Fund                                     EFG
iShares MSCI EAFE Value Index Fund                                      EFV
iShares MSCI Belgium Index Fund                                         EWK
iShares MSCI Brazil Index Fund                                          EWZ
iShares MSCI Emerging Markets Index Fund                                EEM
iShares MSCI France Index Fund                                          EWQ
iShares MSCI Hong Kong Index Fund                                       EWH
iShares MSCI Italy Index Fund                                           EWI
iShares MSCI Japan Index Fund                                           EWJ
iShares MSCI Malaysia Index Fund                                        EWM
iShares MSCI Netherlands Index Fund                                     EWN
iShares MSCI Pacific ex-Japan Index Fund                                EPP
iShares MSCI Singapore Index Fund                                       EWS
iShares MSCI South Africa Index Fund                                    EZA
iShares MSCI South Korea Index Fund                                     EWY
iShares MSCI Spain Index Fund                                           EWP
iShares MSCI Sweden Index Fund                                          EWD
iShares MSCI Switzerland Index Fund                                     EWL
iShares MSCI Taiwan Index Fund                                          EWT
iShares MSCI United Kingdom Index Fund                                  EWU
iShares NYSE 100 Index Fund                                             NY
iShares NYSE Composite Index Fund                                       NYC
iShares Russell Microcap Index Fund                                     IWC
iShares S&P 1500 Index Fund                                             ISI
iShares S&P 500 Index Fund                                              IVV
iShares S&P 500 Growth Index Fund                                       IVW
iShares S&P 500 Value Index Fund                                        IVE
iShares S&P Europe 350 Index Fund                                       IEV
iShares S&P Global 100 Index Fund                                       IOO
iShares S&P Global Consumer Discretionary Sector Index Fund             RXI
iShares S&P Global Consumer Staples Sector Index Fund                   KXI
iShares S&P Global Energy Sector Index Fund                             IXC
iShares S&P Global Financials Sector Index Fund                         IXG
iShares S&P Global Healthcare Sector Index Fund                         IXJ
iShares S&P Global Industrials Sector Index Fund                        EXI
iShares S&P Global Materials Sector Index Fund                          MXI
iShares S&P Global Technology Sector Index Fund                         IXN
iShares S&P Global Telecommunications Sector Index Fund                 IXP
iShares S&P Global Utilities Sector Index Fund                          JXI
iShares S&P GSCI™ Natural Resources Index Fund                          IGE
iShares S&P GSCI™ Networking Index Fund                                 IGN
iShares S&P GSCI™ Semiconductor Index Fund                              IGW
iShares S&P GSCI™ Software Index Fund                                   IGV
iShares S&P GSCI™ Technology Index Fund                                 IGM
iShares S&P Latin America 40 Index Fund                                 ILF
iShares S&P MidCap 400 Growth Index Fund                                IJK
iShares S&P MidCap 400 Index Fund                                       IJH
iShares S&P MidCap 400 Value Index Fund                                 IJJ
iShares S&P SmallCap 600 Index Fund                                     IJR
iShares S&P SmallCap 600 Growth Index Fund                              IJT
iShares S&P SmallCap 600 Value Index Fund                               IJS
iShares S&P TOPIX 150 Index Fund                                        ITF
iShares S&P World ex-U.S. Property Index Fund                           WPS