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Monday 30 July, 2001

iShares PLC

Restructure Proposal

iShares PLC
27 July 2001

iShares public limited company

Amendments to benchmark index, fund name and base currency 
Further to the announcement on 13th July 2001 relating to upcoming changes to
the iFTSE ExUK fund (the 'Fund'), the directors of iShares plc (the
'Directors') wish to inform investors that from 27th July 2001 the benchmark
index of the Fund has changed to the FTSE Euro 100 Index , the name of the
Fund has changed to 'iShares FTSE Euro 100' and the base currency has changed
from sterling to euros.