Portfolio Update

iShares S&P Glbl Water
02 July 2007


iShares S&P Water 50                                            29-Jun-07
SEDOL             Name                                     WEIGHTING
          7392001 ASM BRESCIA SPA EUR1.00                           1.81%
          7118047 Suez EUR2.00                                      9.66%
          4031879 Veolia Environnement                              9.03%
          6597067 Mitsubishi Heavy Industries Com NPV               6.57%
           646233 United Utilities Ord GBP1.00                      4.87%
          2465760 ITT Corporation Com USD1.00                       4.54%
          2250870 Danaher Corp Com USD0.01                          4.17%
          6497509 Kubota Corporation Com NPV                        4.06%
          6497963 Kurita Water Industries Com NPV                   3.74%
B03Q9G3           Nalco Holding Co USD0.01                          3.70%


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