Growth and Transition Strategy Update

The market opportunity for AladdinⓇ continues to grow ~$12.5B addressable market¹: ~$6B Smaller institutions AladdinⓇ Platform: ~11% of market captured Of $12.5B addressable market ~$5B Large institutional & wealth managers Aladdin by BlackRock ~$1.4B Market share increasing By continuously investing in our platform and solving for client needs Continued growth expected From winning new clients, expanding to adjacent markets and creating a network of ecosystem partners Note: For footnoted information, refer to slide 41. BlackRock 38

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