UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

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iShares Trust

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Please Urge Your Clients to Act Today to Avoid Potential Adverse Tax Consequences from the Potential Closure and Liquidation of the iShares S&P Global Consumer Discretionary Sector Index Fund

Ticker RXI, CUSIP 464288745, ISIN US4642887453

Dear [BANK/BROKER/CUSTODIAN/NOMINEE],

The iShares Funds has been contacting your clients that are shareholders in the iShares S&P Global Consumer Discretionary Sector Index Fund over the past few months by mail and using other solicitation measures regarding a Special Meeting of Shareholders (the “Meeting”) to approve a new investment advisory agreement. Due to a lack of sufficient shareholder votes, the Meeting has been adjourned for a fifth time to January 28, 2010 at 5:00 PM (PST).

We have not received the participation of certain of your clients after repeated solicitation attempts. The participation of your remaining unvoted clients is now critical to ensure that the iShares S&P Global Consumer Discretionary Sector Index Fund is not closed and liquidated. The closure and liquidation of the Fund may result in adverse tax consequences to your clients. We respectfully request that you communicate the importance of shareholder participation to your clients to ensure that the iShares S&P Global Consumer Discretionary Sector Index Fund continues to operate without interruption. We also request that you contact the account executives/relationship managers of the accounts for assistance in obtaining the participation of their clients.

The existing investment advisory agreement for the iShares S&P Global Consumer Discretionary Sector Index Fund terminated on December 1, 2009 and the iShares Fund is now being managed pursuant to an interim advisory agreement. Shareholder action is required to approve a new investment advisory agreement to ensure that the iShares S&P Global Consumer Discretionary Sector Index Fund is not closed and liquidated. Again, such an action may result in adverse tax consequences for your clients.

The Board of Trustees of the iShares Funds, RiskMetrics Group’s ISS Governance Services Unit, and Glass-Lewis & Co. have all recommended that shareholders vote in favor of the new investment advisory agreement proposal. Shareholders have already approved the new investment advisory agreement proposal for 177 of 179 iShares Funds. To request information about your firm’s aggregate unvoted position in the S&P Global Consumer Discretionary Sector Index Fund, please contact Jordan Kovler or Tom Germinario, each of D.F. King & Co., Inc., at +1 (212) 493-6990 and +1 (212) 493-6922, respectively.

On behalf of the Board of Directors/Trustees of the iShares Funds, please accept my thanks for your assistance in this important matter.

Sincerely,

Lee T. Kranefuss

Chairman of the Boards of Directors/Trustees

iShares, Inc. and iShares Trust