ISHARES INC

Ticker: EWP CUSIP: 464286764 Class: MSCI SPAIN ETF

Pictet North America Advisors SA's Holding History (CIK: 0001599576)

Note: Option positions (PUT/CALL) are excluded.

Q2 2014

Shares 8,100 Value ($000) $347 Avg Close — Range —

Q1 2014

Shares 510,813 Value ($000) $20,841 Avg Close — Range —

Q4 2013

Shares 526,339 Value ($000) $20,301 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	8,100	$347	—	—
Q1 2014	510,813	$20,841	—	—
Q4 2013	526,339	$20,301	—	—