BlackRock

33 King William Street
London
EC4R 9AS

T: +44 (0)20 7745 4888
F: +44 (0)20 7743 1145

Contacts
Joanna Cound (joanna.cound@blackrock.com)
Kim Hochfeld (kim.hochfeld.@blackrock.com)

Web Links
www.blackrock.co.uk (http://www.blackrock.co.uk/)

BlackRock is a premier provider of investment management, risk management and advisory services to institutional and retail clients around worldwide. As of 30 September 2007, assets under management totalled US$1.3 trillion across equity, fixed income, real estate, liquidity and alternative strategies.

Over the past 34 years, BlackRock has built one of the largest cash management businesses in the world. During that time, we have honed our conservative approach to risk management, which we believe is the cornerstone to safeguarding investors' principal. Our approach combines security and credit analysis with our years of experience in the business and is supported by our proprietary fixed income trading and analytical systems.

We believe that world-class liquidity management requires a substantial commitment of resources to carry out sufficient due diligence and risk assessment. It is with this level of care that an organisation can truly understand the risks they are taking and what reasonable returns can be. Only by utilising a stringent evaluation process can an organisation properly choose where to be most conservative in its investments and where to take appropriate levels of additional risk.

At BlackRock our mandate is to help investors understand and manage risk by building a relationship based on trust, communication and understanding. We offer our experience and industry-leading service to investors through a wide range of products and solutions, ranging from the Institutional Liquidity and Cash Plus Funds through to customised portfolios. These offerings provide effective solutions, where cash is being utilised across the yield curve to deliver safety, liquidity and yield