30 December 2011

BLACROCK FINCO UK LTD. (the "ISSUER")

Notice is hereby given by the Issuer that, pursuant to the terms of (i) a third amendment and restatement to the instrument constituting US$2,600,000,000 floating rate notes due 24 September 2017 (as amended on 30 June 2008 and 1 December 2009, the "Tranche 1 Notes") dated 29 December 2011, (ii) an amendment and restatement to the instrument constituting US$1,200,000,000 fixed rate notes due 30 September 2018 (the "Tranche 2 Notes") dated 29 December 2011 and (iii) an amendment and restatement to the instrument constituting US$800,000,000 fixed rate notes due 30 September 2019 (the "Tranche 3 Notes" and together with the Tranche 1 Notes and the Tranche 2 Notes, the "Notes") dated 29 December 2011, that:

(a)   the Tranche 1 Notes be split into 2 sub-tranches of notes being (i) US$1,000,000,000 fixed rate notes due 28 December 2018 (the "Tranche 1A Notes") and (ii) US$450,000,000 fixed rate Notes due 28 December 2020 (the "Tranche 1B Notes");

a.     with effect from 29 December 2011, the interest rate of the Tranche 1A Notes and Tranche 1B Notes be amended to 5.45% and 5.65% respectively;

(b)   the Tranche 2 Notes be split into 2 sub-tranches of notes being (i) US$1,050,000,000 fixed rate Notes due 28 December 2020 (the "Tranche 2A Notes") and (ii) US$150,000,000 fixed rate Notes due 28 December 2021 (the "Tranche 2B Notes");

a.     with effect from 29 December 2011, the interest rate of the Tranche 2A Notes and the Tranche 2B Notes be amended to 6.47% and 6.58% respectively;

(c)   with effect from 29 December 2011, the Tranche 3 Notes be amended such that:

a.     the maturity date of the Tranche 3 Notes be extended to 28 December 2021;

b.     the interest rate of the Tranche 3 Notes be amended to 8.23%

The holders of the Notes have approved the above changes by way of Extraordinary Resolution dated 29 December 2011.