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Fund | | Advisory Fee Waiver | | Last Day of Term |
| iShares MSCI Emerging Markets Index Fund | | With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other series of iShares Trust, iShares, Inc. and iShares MSCI Russia Capped Index Fund, Inc. | | June 30, 2014 |
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| iShares MSCI All Country World Minimum Volatility Index Fund | | With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other series of iShares Trust, iShares, Inc. and iShares MSCI Russia Capped Index Fund, Inc. | | June 30, 2014 |
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| iShares MSCI Global Agriculture Producers Fund | | With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other series of iShares Trust, iShares, Inc. and iShares MSCI Russia Capped Index Fund, Inc. | | December 31, 2014 |
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| iShares MSCI Global Select Metals & Mining Producers Fund | | With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other series of iShares Trust, iShares, Inc. and iShares MSCI Russia Capped Index Fund, Inc. | | December 31, 2014 |
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| iShares Core MSCI Emerging Markets ETF | | With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other series of iShares Trust, iShares, Inc. and iShares MSCI Russia Capped Index Fund, Inc. | | October 31, 2013 |
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| iShares MSCI Emerging Markets Minimum Volatility Index Fund | | With respect to the Fund, any portion of its management fee necessary so as not to exceed a net total expense ratio of 0.25%. | | December 31, 2014 |
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| iShares Emerging Markets Dividend Index Fund | | With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other series of iShares Trust, iShares, Inc. and iShares MSCI Russia Capped Index Fund, Inc. | | December 31, 2014 |
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| iShares Emerging Markets Dividend Index Fund | | With respect to the Fund, any additional portion of its management fee necessary so as not to exceed a net total expense ratio of 0.49%. | | December 31, 2014 |
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| iShares MSCI Emerging Markets Asia Index Fund | | With respect to the Fund, any portion of its management fee necessary so as not to exceed a net total expense ratio of 0.49%. | | December 31, 2014 |
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| iShares MSCI Emerging Markets EMEA Index Fund | | With respect to the Fund, any portion of its management fee necessary so as not to exceed a net total expense ratio of 0.49%. | | December 31, 2014 |
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| iShares MSCI Emerging Markets Growth Index Fund | | With respect to the Fund, any portion of its management fee necessary so as not to exceed a net total expense ratio of 0.49%. | | December 31, 2014 |
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| iShares MSCI Emerging Markets Value Index Fund | | With respect to the Fund, any portion of its management fee necessary so as not to exceed a net total expense ratio of 0.49%. | | December 31, 2014 |
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| iShares Global ex USD High Yield Corporate Bond Fund | | With respect to the Fund, any portion of its management fee necessary so as not to exceed a net total expense ratio of 0.40%. | | December 31, 2014 |
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| iShares Global High Yield Corporate Bond Fund | | With respect to the Fund, any portion of its management fee necessary so as not to exceed a net total expense ratio of 0.40%. | | December 31, 2014 |
