Fifteen iShares® Funds Move to the NYSE Arca

Business Wire, Sept 27, 2006

SAN FRANCISCO -- Barclays Global Investors (BGI), a worldwide leader in exchange traded funds (ETFs), announced today that the second phase of iShares products, 15 iShares Funds, will move to the NYSE Arca, a national securities exchange and a subsidiary of the NYSE Group, on October 20, 2006. No action is needed by current shareholders. The 15 iShares Funds are:

iShares Russell 1000 Index Fund (IWB)

iShares Russell 1000 Growth Index Fund (IWF)

iShares Russell 1000 Value Index Fund (IWD)

iShares Russell 2000 Index Fund (IWM)

iShares Russell 2000 Growth Index Fund (IWO)

iShares Russell 2000 Value Index Fund (IWN)

iShares Russell 3000 Index Fund (IWV)

iShares Russell 3000 Growth Index Fund (IWZ)

iShares Russell 3000 Value Index Fund (IWW)

iShares MSCI Australia Index Fund (EWA)

iShares MSCI Austria Index Fund (EWO)

iShares MSCI Canada Index Fund (EWC)

iShares MSCI EMU Index Fund (EZU)

iShares MSCI Germany Index Fund (EWG)

iShares MSCI Mexico Index Fund (EWW)

As announced last year, a total of 81 iShares branded exchange-traded products primary listings are scheduled to transfer from the American Stock Exchange (AMEX) to the NYSE Group. After the funds move on October 20th, 55 of the iShares Funds will have been transferred and, subject to certain contingencies such as applicable regulatory approvals, the 26 other iShares products will move in several phases which are anticipated to conclude in 2007.

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 managers1 providing structured investment strategies such as risk-controlled active strategies and indexing. In the U.S., BGI is one of the largest active managers2, set apart by its risk-controlled approach. BGI manages 65% of the world's 100 largest pension plans3 and is the leader in assets and products in exchange traded funds through its iShares[R] brand with more than 180 ETFs globally. The firm managed over $1.6 trillion in assets as of 6/30/06, for more than 2,800 clients in 52 countries around the world. BGI is a majority-owned subsidiary of Barclays Bank PLC.

Contacts for Press:

Christine Hudacko 415-597-2687 christine.hudacko@barclaysglobal.com

All Other US Inquiries:

1-800-iShares (1-800-474-2737)

The iShares Funds ("Funds") are distributed by SEI Investments Distribution Co. (SEI). Barclays Global Fund Advisors (BGFA) serves as an advisor to the Funds. Barclays Global Investors Services (BGIS) assists in the marketing of the Funds. BGFA and BGIS are subsidiaries of Barclays Global Investors, N.A., which is a majority-owned subsidiary of Barclays Bank PLC, none of which is affiliated with SEI.

Investing involves risk, including possible loss of principal. Transactions in shares of the iShares Funds will result in brokerage commissions.

[c] 2006 Barclays Global Investors. 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.

1 Source: "P&I/Watson Wyatt World's 300 Largest Managers," Pensions & Investments, December 26, 2005.

2 Source: "P&I/Watson Wyatt World's: Largest Retirement Plans," Pensions & Investments, December 26, 2005.

3 Source: Institutional Investor News: "2005 Assets Under Management Survey," Defined Contribution and Savings Plan Alert, October 31, 2005.