REG — iShares Physical — Publication of Final Terms

For best results when printing this announcement, please click on link below: RNS Number: 4261V iShares Physical Metals Plc 18 September 2026 FORM OF FINAL TERMS Final Terms dated 21 September 2026 iSHARES PHYSICAL METALS PLC Issue of 739000 Securities of iShares Physical Gold ETC being the Tranche Number 2652 of iShares Physical Gold ETC issued under its Secured Precious Metal Linked Securities Programme (the "Securities") Part A - Contractual Terms Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in this Base Prospectus dated 11 May 2026 a Base Prospectus for the purposes of the Prospectus Regulation (Regulation (EU) 2017/1129) (the "Prospectus Regulation") and for the purposes of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended) (the "UK Prospectus Regulation").

4 of the UK Prospectus Regulation, and must be read in conjunction with such Base Prospectus. Full information on the Issuer and the offer of the Securities is only available on the basis of the combination of these Final Terms and this Base Prospectus. This Base Prospectus, KIDs and any Supplement to this Base Prospectus are available for viewing on the website maintained on behalf of the Issuer at ( ), at the registered office of the Issuer and at the specified office of the Initial Registrar [and the Paying Agent(s)] and copies may be obtained from the office of the Initial Registrar [or the Paying Agent(s)].

A summary of the individual issue is annexed to these Final Terms, provided that such summary does not form part of the Base Prospectus for the purposes of the PRM. The Securities are not subject to the approval of, or supervision by, the Swiss Financial Market Supervisory Authority ("FINMA") and investors in the Securities will not benefit from supervision by FINMA. Securities issued under the Programme do not constitute participations in a collective investment scheme within the meaning of the Swiss Federal Act on Collective Investment Schemes of 23 June 2006 ("CISA"), as amended.

Securities issued under the Programme are neither issued nor guaranteed by a Swiss financial intermediary. Investors are exposed to the credit risk of the Issuer. All provisions in the Conditions corresponding to items in these Final Terms which are indicated as not applicable, not completed or deleted shall be deemed to be deleted from the Conditions.

, whose registered office is at Jacob Bontiusplaats 9, 1018 LL Amsterdam, the Netherlands; Optiver VOF, whose registered office is at Strawinskylaan 3095i, Amsterdam, 1077 ZX, the Netherlands; Citigroup Global Markets Limited, whose registered office is at Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB; and HSBC Bank Plc, whose registered office is at 8 Canada Square, London, E14 5HQ United Kingdom. The full list of Authorised Participants in respect of the Series from time to time will be published on the website maintained on behalf of the Issuer at (or such other website as may be notified to Securityholders). A.

12% per which these Final Terms relate): annum 15 Subscription Fee (as at the Issue Date of the Tranche of Securities to which N/A these Final Terms relate): 16 Buy-Back Fee (as at the Issue Date of the Tranche of Securities to which these N/A Final Terms relate): GENERAL PROVISIONS APPLICABLE TO THE SECURITIES 17 32 Non-exempt Offer: An offer of the Secu rities may be made by the Authorised Participant(s) other than pursuant to Article 1(4) of the Prospectus Regulation in Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain and Sweden and any other Member State where this Base Prospectus (and any supplements) have been notified to the competent authority in that Member State and published in accordance with the Prospectus Regulation.

LISTING AND ADMISSION TO TRADING APPLICATION These Final Terms comprise the final terms required to list and have admitted to trading the Tranche of Securities described herein pursuant to the Secured Precious Metal Linked Securities Programme. , whose registered office is at Jacob Bontiusplaats 9, 1018 LL Amsterdam, the Netherlands; Optiver VOF, whose registered office is at Strawinskylaan 3095i, Amsterdam, 1077 ZX, the Netherlands; Citigroup Global Markets Limited, whose registered office is at Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB; and HSBC Bank Plc, whose registered office is at 8 Canada Square, London, E14 5HQ United Kingdom.

The full list of Authorised Participants in respect of the Series from time to time will be published on the website maintained on behalf of the Issuer at (or such other website as may be notified to Securityholders). A.

12% per annum 15 Subscription Fee (as at the Issue Date of the Tranche of Securities to which these Final Terms relate): N/A 16 Buy-Back Fee (as at the Issue Date of the Tranche of Securities to which these Final Terms relate): N/A GENERAL PROVISIONS APPLICABLE TO THE SECURITIES 17 32 Non-exempt Offer: An offer of the Secu rities may be made by the Authorised Participant(s) other than pursuant to Article 1(4) of the Prospectus Regulation in Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain and Sweden and any other Member State where this Base Prospectus (and any supplements) have been notified to the competent authority in that Member State and published in accordance with the Prospectus Regulation.

LISTING AND ADMISSION TO TRADING APPLICATION These Final Terms comprise the final terms required to list and have admitted to trading the Tranche of Securities described herein pursuant to the Secured Precious Metal Linked Securities Programme. Signed on behalf of the Issuer: By: Duly authorised Part B - Other Information 1 LISTING (i) Listing and admission to trading: Application has been made for the Securities to be admitted to the official list of the United Kingdom Financial Conduct Authority and for the Securities to be admitted to trading on the regulated market of the London Stock Exchange.

Application has also been made for the Securities to be admitted to listing on the Deutsche Börse and admitted to the official list of the Frankfurt Stock Exchange and the official list of the Borsa Italiana and for the Securities to be admitted to trading on the regulated market thereof. As at the date of these Final Terms, Securities of this Series have been admitted to trading on the London Stock Exchange and the Deutsche Börse and the Frankfurt Stock Exchange and the Borsa Italiana.

(ii) Relevant Stock Exchange(s): London Stock Exchange; Frankfurt Stock Exchange; Borsa Italiana; Euronext Paris 2 NOTIFICATION The Central Bank has provided the Finanzmarktaufsicht (Austria), the Financial Services and Market Authority (Belgium), Finanstilsynet (Denmark), Finanssivalvonta (Finland), Autorité des Marchés Financiers (France), Bundesanstalt für Finanzdienstleistungsaufsicht (Germany), Commissione Nazionale per le Societa e la Borsa (Italy), Commission de la Surveillance du Secteur Financier (Luxembourg), Autoriteit Financiële Markten (the Netherlands), Finanstilsynet (Norway), Comissâo do Mercado de Valores Mobiliários (Portugal), Comisión Nacional del Mercado de Valores (Spain), Finansinspektionen (Sweden) with a certificate of approval attesting that this Base Prospectus has been drawn up in accordance with the Prospectus Regulation.

3 INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE Save as discussed in "Subscription and Sale", so far as the Issuer is aware, no person involved in the offer of the Securities has an interest material to the offer. 4 REASONS FOR THE OFFER Reasons for the offer: See section headed "Use of Proceeds" in this Base Prospectus. Estimated net proceeds: Not applicable 5 PERFORMANCE OF THE METAL AND OTHER INFORMATION CONCERNING THE METAL London Prices for gold, silver, platinum and palladium are published immediately by the various news agencies.

Data in relation to gold and silver prices (including their past and future performance and volatility) may be obtained free of charge on the LBMA website ( ). Data in relation to platinum and palladium prices (including their past and future performance and volatility) may be obtained free of charge on the LPPM website ( ). See also description of the Metal in the section entitled "Precious Metals Market Overview" in this Base Prospectus. V.

and Clearstream Banking, société anonyme Delivery: Delivery free of payment. Trading Method: Units Minimum Trading Amount: At least 1 unit Maximum Issue Size: The aggregate number of units of the Series, of which this Tranche forms a part, which are outstanding from time to time will not exceed an up-to amount of 300,000,000,000 units. 7 GENERAL Applicable TEFRA exemption: Not Applicable Annex - Issue Specific Summary SUMMARY A. 1 Name and international securities identifier number (ISIN) of the Securities Tranche 2652 of Series iShares Physical Gold ETC Securities due 21 September 2026 issued under the Issuer's Secured Precious Metal Linked Securities Programme.

ISIN Code: IE00B4ND3602. 2 Identity and contact details of the issuer, including its legal entity identifier (LEI) iShares Physical Metals plc (the "Issuer") is a public limited company incorporated in Ireland. Its registered address is at 200 Capital Dock, 79 Sir John Rogerson's Quay, Dublin 2, DO2 RK57, Ireland. The Issuer's telephone number is +353 1 612 3000 and its legal entity identifier is 549300T2ISPWHQ8IPF83.

3 Identity and contact details of the competent authority approving the Base Prospectus The Base Prospectus has been approved by [the Central Bank of Ireland (the "Central Bank") as competent authority, with its head office at Central Bank of Ireland, PO Box 559, New Wapping Street, Dublin 2 and telephone number: +353 1 2244000, in accordance with Regulation (EU) 2017/1129 (the "Prospectus Regulation")]/[the United Kingdom Financial Conduct Authority as competent authority, with its head office at 12 Endeavour Square, London, E20 1JN and telephone number:+44 800 111 6768, in accordance with Regulation (EU) 2017/1129 as it forms part of "retained EU law", as defined in the European Union (Withdrawal) Act 2018 (as amended) (the "UK Prospectus Regulation")].

5 Warning This summary has been prepared in accordance with Article 7 of [the Prospectus Regulation]/[the UK Prospectus Regulation] and should be read as an introduction to the base prospectus (the "Base Prospectus"). Any decision to invest in the Securities should be based on consideration of the Base Prospectus as a whole by the investor. Any investor could lose all or part of their invested capital and, where any investor's liability is not limited to the amount of the investment, it could lose more than the invested capital.

] Civil liability attaches only to those persons who have tabled the summary, including any translation thereof, but only if the summary is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus or if it does not provide, when read together with the other parts of the Base Prospectus, key information in order to aid investors when considering whether to invest in the Securities. B. 1 Who is the issuer of the securities? 1 Domicile, legal form, LEI, jurisdiction of incorporation and country of operation The Issuer is incorporated and has its registered address in Ireland.

Its legal entity identifier is 549300T2ISPWHQ8IPF83. The Issuer was registered and incorporated in Ireland as a public limited company on 7 February 2011 under the Irish Companies Act, registration number 494696. 2 Principal activities The Issuer has been established as a special purpose vehicle for the purpose of issuing asset backed securities (the "Securities"). 3 Major Shareholders The Issuer has an authorised share capital of €100,000.

The Issuer has issued 40,000 ordinary shares, all of which are fully paid. All such issued ordinary shares are held by Wilmington Trust SP Services (Dublin) Limited on trust for charitable purposes. 2 What is the key financial information regarding the Issuer?