NEWSROOM

PRESS RELEASE

For Immediate Release

07/11/2008

Barclays Global Investors Announces Share Split of Certain iShares® Funds

San Francisco, July 11, 2008 - Barclays Global Investors (BGI), a worldwide leader in exchange-traded funds, announced today that the Board of Directors of iShares, Inc. and the Board of Trustees of iShares Trust have authorized a split of the shares of 15 iShares Funds (listed below) for shareholders of record as of the close of business on July 21, 2008, payable after the close of trading on July 23, 2008. Fund shares will begin trading on a split-adjusted basis on July 24th. Post-split shares are expected to be distributed to shareholders' accounts on July 28, 2008, and shareholders are expected to see the change in their holdings sometime after July 28th, depending upon their brokerage firm's procedures.

Fund Name	Ticker	U.S. Listing Exchange	Split Ratio
iShares S&P Latin America 40 Index Fund	ILF	NYSE Arca	5 for 1
iShares FTSE/Xinhua China 25 Index Fund	FXI	NYSE Arca	3 for 1
iShares MSCI Emerging Markets Index Fund	EEM	NYSE Arca	3 for 1
iShares MSCI Pacific ex-Japan Index Fund	EPP	NYSE Arca	3 for 1
iShares Russell Midcap Value Index Fund	IWS	NYSE Arca	3 for 1
iShares S&P Global Energy Sector Index Fund	IXC	NYSE Arca	3 for 1
iShares S&P North American Natural Resources Sector Index Fund	IGE	NYSE Arca	3 for 1
iShares Dow Jones Energy Sector Fund	IYE	NYSE Arca	3 for 1
iShares S&P SmallCap 600 Growth Index Fund	IJT	NYSE Arca	2 for 1
iShares S&P 1500 Index Fund	ISI	NYSE Arca	2 for 1
iShares MSCI South Africa Fund	EZA	NYSE Arca	2 for 1
iShares S&P/TOPIX 150 Index Fund	ITF	NYSE Arca	2 for 1
iShares MSCI EMU Index Fund	EZU	NYSE Arca	2 for 1
iShares Russell Midcap Growth Index Fund	IWP	NYSE Arca	2 for 1
iShares S&P Europe 350 Index Fund	IEV	NYSE Arca	2 for 1

A split has the effect of lowering the share price by increasing the number of shares outstanding. The total value of shares outstanding is not affected by a split. For example, a 2-for-1 split will halve the share price of an ETF and double the number of outstanding shares.

Hypothetical Example of 2-for-1 split:

Period	Number of Shares Owned	Hypothetical Market Price/Share	Total Value
Pre-Split	100	$120	$12,000
Post-Split	200	$60	$12,000

The iShares® Funds are the largest ETF provider with over 160 products and over $300 billion in assets under management as of June 30, 2008. The iShares MSCI Emerging Markets Index Fund (EEM) is one of the most actively traded ETFs with approximately $3 billion in average daily dollar trading volume in 2008.

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 is one of the world's largest asset managers and a leading global provider of investment management products and services. It has over 2,900 institutional clients and over $2.0 trillion of assets under management. BGI is a global product leader in exchange traded funds (iShares) with over 320 funds for institutions and individuals globally.

Contacts for Press:

Christine Hudacko

415-597-2687

christine.hudacko@barclaysglobal.com

Lance Berg

415-597-2045

www.ishares.com or 1-800-iSHARES (1-800-474-2737)

iShares® are distributed by SEI Investments Distribution Co. (SEI). Barclays Global Fund Advisors (BGFA) serves as an advisor to iShares. BGFA is a subsidiary of Barclays Global Investors, N.A., neither of which is affiliated with SEI.

Investing involves risk, including possible loss of principal.

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Dow Jones & Company, Inc., FTSE International Limited ("FTSE"), FTSE/Xinhua Index Limited ("FXI"), MSCI Inc., Frank Russell Company, 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.

FXI does not make any warranty regarding the FTSE/Xinhua Index. All rights in the FTSE/Xinhua Index vest in FXI. "FTSE" is a trade- and servicemark of London Stock Exchange and The Financial Times Limited; "Xinhua" is a trade- and servicemark of Xinhua Financial Network Limited.