BlackRock Announces Additions to Board of Directors

NEW YORK--(Business Wire)--
BlackRock, Inc. (NYSE:BLK) today announced that Sallie L. Krawcheck, President
of Global Wealth & Investment Management for Bank of America Corporation, and
Mark D. Linsz, Corporate Treasurer for Bank of America Corporation, have joined
the Company`s Board of Directors.

"We are very pleased to welcome Sallie and Mark as Board members and look
forward to the new business perspectives and talents each of them brings to the
Company," commented Laurence D. Fink, Chairman and CEO of BlackRock.

The appointments of Ms. Krawcheck and Mr. Linsz fill two seats vacated by Brian
T. Moynihan and Daniel C. Sontag who have stepped down from the Board.

Under the terms of BlackRock`s stockholder agreement with Merrill Lynch, Merrill
Lynch may designate two directors to BlackRock`s Board of Directors. Bank of
America completed its purchase of Merrill Lynch in January 2009.

BlackRock`s Board of Directors has 16 members, ten of whom are independent and
not affiliated with the Company. Biographical information on each of the new
directors is provided below and additional information can be found on the
"Investor Relations" section of www.blackrock.com.

Sallie L. Krawcheck: Ms. Krawcheck, 44, is President of Global Wealth &
Investment Management for Bank of America, one of the largest wealth management
businesses in the world with nearly 19,000 advisors across the entire wealth
spectrum and $1.9 trillion in total client assets. The Global Wealth &
Investment Management business provides comprehensive wealth management to
affluent, mass affluent, high net worth and ultra high net worth clients,
individual and institutional retirement plans, and philanthropic management.
Prior to joining Bank of America, Ms. Krawcheck was Chief Executive Officer and
Chairman for Citi Global Wealth Management, responsible for the Citi Private
Bank, Citi Smith Barney and Citi Investment Research. Ms. Krawcheck joined Citi
in October 2002 as Chairman and Chief Executive Officer of Smith Barney. In
2004, she was appointed Chief Financial Officer and head of Strategy for
Citigroup Inc. Prior to joining Citi, Ms. Krawcheck was Chairman and Chief
Executive Officer of Sanford C. Bernstein & Company.

Mark D. Linsz: Mr. Linsz, 45, is Corporate Treasurer for Bank of America. Mr.
Linsz has responsibility for the core treasury functions for funding of the
company, maintaining a strong capital and liquidity position and managing
interest rate risk. As Treasurer, Mr. Linsz forecasts the level of net interest
income, calculates the economic capital required by each of the company`s
activities and manages the company`s relationship with credit rating agencies.
Previously, Mr. Linsz served as Global Markets Risk Management Executive and
Chief Risk officer for Europe, the Middle East, Africa (EMEA) and Asia. In these
roles, Mr. Linsz was responsible for leading a comprehensive, integrated
strategy for managing credit, market and operational risks. Mr. Linsz began his
career with Chicago Research and Trading Group (CRT) in 1987. Prior to being
purchased by NationsBank, he was the head of Market Risk for CRT and continued
these responsibilities at NationsBanc-CRT. In 1998, Linsz moved to Hong Kong to
be the

Market Risk manager for Asia. Several years later, he managed the Global
Corporate and Investment Banking Compliance Group as Chief Compliance Officer,
ensuring that comprehensive compliance programs were in place to mitigate
compliance risk.

About BlackRock

BlackRock is one of the world`s largest publicly traded investment management
firms. At June 30, 2009, BlackRock`s assets under management were $1.373
trillion. The firm manages assets on behalf of institutions and individuals
worldwide through a variety of equity, fixed income, cash management and
alternative investment products. In addition, a growing number of institutional
investors use BlackRock Solutions® investment system, risk management and
financial advisory services. The firm is headquartered in New York City and has
employees in 21 countries throughout the U.S., Europe and Asia Pacific. For
additional information, please visit the firm's website at www.blackrock.com.

Forward-Looking Statements

This press release, and other statements that BlackRock may make, may contain
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act, with respect to BlackRock`s future financial or business
performance, strategies or expectations. Forward-looking statements are
typically identified by words or phrases such as "trend," "potential,"
"opportunity," "pipeline," "believe," "comfortable," "expect," "anticipate,"
"current," "intention," "estimate," "position," "assume," "outlook," "continue,"
"remain," "maintain," "sustain," "seek," "achieve," and similar expressions, or
future or conditional verbs such as "will," "would," "should," "could," "may" or
similar expressions.

BlackRock cautions that forward-looking statements are subject to numerous
assumptions, risks and uncertainties, which change over time. Forward-looking
statements speak only as of the date they are made, and BlackRock assumes no
duty to and does not undertake to update forward-looking statements. Actual
results could differ materially from those anticipated in forward-looking
statements and future results could differ materially from historical
performance.

In addition to risk factors previously disclosed in BlackRock`s SEC reports and
those identified elsewhere in this report the following factors, among others,
could cause actual results to differ materially from forward-looking statements
or historical performance: (1) the introduction, withdrawal, success and timing
of business initiatives and strategies; (2) changes and volatility in political,
economic or industry conditions, the interest rate environment or financial and
capital markets, which could result in changes in demand for products or
services or in the value of assets under management; (3) the relative and
absolute investment performance of BlackRock`s investment products; (4) the
impact of increased competition; (5) the impact of capital improvement projects;
(6) the impact of future acquisitions or divestitures; (7) the unfavorable
resolution of legal proceedings; (8) the extent and timing of any share
repurchases; (9) the impact, extent and timing of technological changes and the
adequacy of intellectual property protection; (10) the impact of legislative and
regulatory actions and reforms and regulatory, supervisory or enforcement
actions of government agencies relating to BlackRock, Barclays, Bank of America,
Merrill Lynch or PNC; (11) terrorist activities and international hostilities,
which may adversely affect the general economy, domestic and local financial and
capital markets, specific industries or BlackRock; (12) the ability to attract
and retain highly talented professionals; (13) fluctuations in the carrying
value of BlackRock`s investments; (14) fluctuations in foreign currency exchange
rates, which may adversely affect the value of investment advisory and
administration fees earned by BlackRock or the carrying value of certain assets
and liabilities denominated in foreign currencies; (15) the impact of changes to
tax legislation and, generally, the tax position of the Company; (16) the
ability of BlackRock to effectively manage the former Quellos business along
with its historical operations; (17) BlackRock`s success in maintaining the
distribution of its products; (18) the impact of BlackRock electing to provide
support to its products from time to time; (19) the impact of problems at other
financial institutions or the failure or negative performance of products at
other financial institutions; and (20) the ability of BlackRock to complete the
transaction with Barclays.

BlackRock's Annual Reports on Form 10-K and BlackRock's subsequent filings with
the SEC, accessible on the SEC's website at http://www.sec.gov and on
BlackRock`s website at http://www.blackrock.com, discuss these factors in more
detail and identify additional factors that can affect forward-looking
statements. The information contained on our website is not a part of this press
release.

BlackRock, Inc.
Media Relations
Bobbie Collins, 212-810-8155
Bobbie.Collins@blackrock.com
or
Media/Investor Relations
Brian Beades, 212-810-5596
Brian.Beades@blackrock.com

Copyright Business Wire 2009