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Press release from Business Wire

BlackRock Declares Quarterly Dividend of $1.375 on Common Stock

Tuesday, November 29, 2011

BlackRock Declares Quarterly Dividend of $1.375 on Common Stock16:49 EST Tuesday, November 29, 2011 NEW YORK (Business Wire) -- BlackRock, Inc. (NYSE:BLK) today announced that its Board of Directors has declared a quarterly cash dividend of $1.375 per share of common stock, payable December 23, 2011 to shareholders of record at the close of business on December 5, 2011. About BlackRock BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At September 30, 2011, BlackRock's AUM was $3.345 trillion. BlackRock offers products that span the risk spectrum to meet clients' needs, including active, enhanced and index strategies across markets and asset classes. Products are offered in a variety of structures including separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. Headquartered in New York City, as of September 30, 2011, the firm has approximately 10,200 employees in 27 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia, and the Middle East and Africa. For additional information, please visit the Company's website at BlackRock, Inc.Media RelationsLauren Trengrove, 212-810-3665lauren.trengrove@blackrock.comorInvestor RelationsEllen Taylor,