Controlled Undertakings

This report outlines BlackRock Inc.’s controlling relationships across multiple chains of subsidiaries. It identifies entities like BlackRock Saturn Subco, BlackRock Finance, and various Holdco structures spanning regions including the US, Europe, Asia, and Australia. Voting rights are generally unspecified, though BlackRock Investment Management (UK) Limited shows an 8.63% total. The complex structure likely facilitates regulatory compliance, tax optimization, specialized management, and risk mitigation. A sophisticated technological infrastructure, like the Aladdin platform, integrates data across subsidiaries. Future developments will likely focus on technology investments and adapting to heightened regulatory oversight.