Growth and Transition Strategy Update

AladdinⓇ is a high-quality, fast-growing technology business that fuels BlackRock's growth Technology services revenues¹ ($B) $0.8 $1.0 2018 2019 15% CAGR $1.4 $1.3 $1.1 2020 2021 2022 $1.4B ACV2 in 2022 11% 17 3-Year ACV CAGR³ New large client wins4 in 2022 Note: For footnoted information, refer to slide 41. Annual Contract Value (ACV) represents forward-looking recurring subscription fees under client contracts for the next twelve months at the end of a respective quarter, assuming all client contracts that come up for renewal are renewed. ACV excludes nonrecurring fees such as implementation and consulting fees. BlackRock 37

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