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Change to pricing source for iShares Silver Bullion ETF

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BlackRock Asset Management’s exchange-traded fund business iShares has notified unitholders of the iShares Silver Bullion ETF (SVR) of a change in the pricing source used in the valuation of silver bullion.

Following the announcement by The London Silver Market Fixing that it will cease to administer the London silver fixing with effect from close of business on 14 August 2015, an alternative London daily silver price mechanism, the "London Silver Price", which is administered by CME Group and Thomson Reuters, is expected to be available from 15 August 2014.
 
From that date, SVR expects to use the new pricing source for valuing silver bullion when determining the net asset value of SVR.
 
This change in pricing source will not affect SVR's investment objective and strategies which will continue to replicate the performance of the price of silver bullion, less SVR's fees and expenses, by investing in long-term holdings of unencumbered silver bullion in 1,000 troy ounce international bar sizes.

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