Growth and Transition Strategy Update

BlackRock is growing faster than the industry, and has significant room to grow share BlackRock and industry active organic asset growth¹ 12% 7% 5% 5% 4% 2% 1% BlackRock active market share² $2,606 $2,474 $2,317 12% $2,251 $1,947 2.9% 3.0% 3.1% 3.2% 2019 2019 2020 (1%) 2021 2022 1Q23 Ann'd BlackRock Organic Growth ♦ Industry Organic Growth Note: For footnoted information, refer to slide 76. BlackRock 2020 2021 BlackRock Active AUM ($B) 2022 1Q23 % Market Share 66

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