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Friday 25 June, 2004

iShares PLC

Change of Name

iShares PLC
25 June 2004

                                  iShares plc

        Change of Benchmarks to FTSEurofirst Indices and Fee Reductions

             on iShares FTSE Euro 100 and iShares FTSE Eurotop 100

The Board of Directors of iShares plc today announces its intention to change
the benchmark of its iShares FTSE Euro 100 and iShares Eurotop 100 exchange
traded funds to the FTSEurofirst indices in Autumn 2004, subject to regulatory

The benchmarks will change as follows:

          Fund                  Current benchmark         Proposed benchmark
  iShares FTSE Euro 100           FTSE Euro 100            FTSEurofirst 80
  iShares FTSE Eurotop 100       FTSE Eurotop 100          FTSEurofirst 100

Barclays Global Investors Limited, the investment manager of iShares plc,
believes the new FTSEurofirst indices are superior to the existing benchmarks in
terms of market coverage, liquidity and transparency, and therefore the iShares
funds with these benchmarks will provide better investment tools for
institutional and retail investors.

At the same time, it is proposed that the total expense ratio on the funds will
be reduced from 0.55% per annum to 0.40% per annum.

The iShares FTSE Euro 100 and iShares FTSE Eurotop 100 are listed on the Borsa
Italiana, Euronext Amsterdam, London Stock Exchange, virt-X and SWX exchanges
and are registered for sale in France, Germany, Ireland, the United Kingdom,
Switzerland, Italy and the Netherlands.


Barclays Global Investors Limited
+44 (0)20 7668 8825

                      This information is provided by RNS
            The company news service from the London Stock Exchange