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Wednesday 01 August, 2001

iShares PLC

Fthr re Restructure Proposals

iShares PLC
31 July 2001

iShares public limited company:

iShares FTSE Euro100

Announcement of Bonus Issue

Further to the announcement on the 13th July and 27th July 2001 relating to
upcoming changes to the iShares FTSE Euro 100 fund (the 'Fund'), the
directors of iShares plc (the 'Directors') wish to inform investors the terms
of the bonus issue are as follows:
Rate:           1.2518:1
Ex date:        24th August 2001
Record date:    30th August 2001
Payment date:   31st August 2001
Fractions of shares will not be issued. Proceeds from the sale of any
fractional shares will be paid by £Sterling cheque, issued on the payment
date stated above.