BlackRock, Inc. successfully priced a $2.5 billion debt offering consisting of three tranches of senior unsecured notes (collectively, the ?Notes?): $800,000,000 aggregate principal amount of 4.600% Notes due 2027; $500,000,000 aggregate principal amount of 4.900% Notes due 2035 and $1,200,000,000 aggregate principal amount of 5.350% Notes due 2055. The Notes will be issued by BlackRock?s wholly owned subsidiary, BlackRock Funding, Inc. (?BlackRock Funding?), and will be fully and unconditionally guaranteed on a senior unsecured basis by BlackRock. BlackRock intends to use the net proceeds of the offering to fund a portion of the cash consideration for BlackRock?s proposed acquisition of Preqin Holding Limited (?Preqin?

and the ?Preqin Transaction?). The 2027 Notes will be subject to a special mandatory redemption (at a price equal to 101% of the aggregate principal amount of such series of Notes) under certain circumstances if the Preqin Transaction is not consummated. In the event of a special mandatory redemption, the proceeds of the 2035 Notes and 2055 Notes will be used for general corporate purposes, which may include repayment of outstanding indebtedness.

The closing of the offering is expected to occur on July 26, 2024, subject to satisfaction of customary closing conditions. Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, BofA Securities, Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.