Barclays Global Investors Announces Share Split of Certain iShares(R) Funds

SAN FRANCISCO, CA -- (MARKET WIRE) -- 07/11/08 -- 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     Split
                                                   Exchange         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     Total Value
                                     Price/Share

Pre-split   100                      $120                    $12,000

Post split  200                      $60                     $12,000

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.

Other Inquiries:

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.

© 2008 Barclays Global Investors, N.A. 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.