iShares II PLC - iShares II plc - Shareholder Letter - IE00B296QM64

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about the action to be taken, you should consult your stockbroker, bank manager, solicitor, accountant, relationship manager or other professional adviser immediately. This letter is available in languages other than English and copies can be obtained at www.iShares.com or requested by calling 08453577000 (UK number) (please refer to the website for international phone numbers)

17^th October 2025

To:      Shareholders of iShares MSCI USA Islamic UCITS ETF (ISIN: IE00B296QM64) (the "Fund"), a sub-fund of iShares II plc (the "Company")

Dear Shareholder,

The Directors of the Company wish to inform you of a change to the dividend purification model applicable to the Fund. These changes are described below, and the Fund's offering documents will be updated accordingly.

The changes being made will not have a material effect on the manner in which your investment is managed. You are not required to do anything as a result of this notification.

Change to the dividend purification model

Currently, investors in the Fund are responsible for ensuring the purification of dividends where such dividends have accrued prohibited income (e.g. interest earnings) based on MSCI's calculation. 

It is proposed to change the purification model in order to integrate dividend purification directly within the Fund, whereby any impure dividend monies will be donated by the Fund to one or more charities, which are selected by the Investment Manager and approved by the panel of Islamic scholars appointed by the Investment Manager.

Pure and impure dividend amounts will continue to be based on MSCI's calculation to ensure consistency with the MSCI USA Islamic Index, the Fund's Benchmark Index.

As a result of this change, investors will no longer be responsible for ensuring purification of dividends as the amount received in dividends will be purified.

Rationale for the change to the dividend purification model

The change is being made in order to simplify investment in the Fund for investors while maintaining the Fund's adherence to Shari'ah principles.

Changes to the Fund's offering documents

The changes to the dividend purification model will apply to dividends issued from 1 January 2026.

It is anticipated that the Company's prospectus (the "Prospectus"), the Key Investor Information Document (the "KIID") and the Key Information Document (the "KID"), as applicable, will be updated to reflect the changes described in this letter on or around 31 October 2025 (the "Effective Date"), or as soon as possible thereafter, subject to the approval of the Central Bank of Ireland.

The updated Prospectus and KIID/KID (as applicable) will be available on www.ishares.com. In addition, and as a result of the change outlined in this notice, purification data will no longer be published for the Fund on www.ishares.com.

Costs

BlackRock Asset Management Ireland Limited, as manager of the Company, will pay the costs of the shareholder notification, and any additional operational costs and legal costs related to the proposed change. There will not be any transaction costs associated with this update as the Fund's investments will not need to change as a result.

Further Information

If you have any queries, please contact iShares on info@ishares.com , or your usual iShares representative.

Yours faithfully

_________________________

Director

For and on behalf of

iShares II plc

WF-85636507-v1