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PROXYBLACKROCK-ADVISED FUNDS IN EQUITY-LIQUIDITY COMPLEXJOINT SPECIAL MEETING OF SHAREHOLDERS TO BE HELD ON FEBRUARY 8, 2016THIS PROXY IS SOLICITED ON BEHALF OF THE BOARDS OF DIRECTORS/TRUSTEESPROXYThe undersigned hereby appoints Benjamin Archibald, Jay Fife and Charles Park, and each of them, as proxies, each with the power to appoint his substitute, andhereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of the below named funds that the undersigned isentitled to vote at the Joint Special Meeting of Shareholders of each Fund to be held on February 8, 2016 or at any adjournments, postponements or delays thereof.This proxy does not revoke any prior powers of attorney except for prior proxies given in connection with the Joint Special Meeting of Shareholders.THIS PROXY, IF PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NODIRECTION IS MADE FOR ONE OR MORE PROPOSALS, THIS PROXY WILL BE VOTED “FOR ALL” FOR EACH SUCH PROPOSAL.IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED AT THE JOINTSPECIAL MEETING OF SHAREHOLDERS OR ANY ADJOURNMENTS, POSTPONEMENTS OR DELAYS THEREOF.VOTE VIA THE INTERNET: www.proxy-direct.comVOTE BY TELEPHONE: 1-800-337-3503NOTE: Please sign exactly as your name(s) appear(s) on this Proxy Card.When shares are held by joint tenants, both should sign. When signing asattorney, executor, administrator, trustee, or guardian, please give full titleas such. If a corporation, please sign in full corporate name by anauthorized officer. If a partnership, please sign in partnership name by anauthorized person.SignatureDateFUNDSBBIF Government Securities FundBBIF Treasury FundBIF CA Municipal Money FundBIF NJ Municipal Money FundBIF Tax-Exempt FundBlackRock Emerging Markets Fund, Inc.BlackRock Alternative Capital Strategies FundBlackRock Disciplined Small Cap Core FundBlackRock Emerging Markets Long/Short Equity FundBlackRock Flexible Equity FundFUNDSBBIF Money FundBIF Government Securities FundBIF CT Municipal Money FundBIF NY Municipal Money FundBIF Treasury FundBlackRock Summit Cash Reserves FundBlackRock Commodity Strategies FundBlackRock Emerging Market Allocation PortfolioBlackRock Energy & Resources PortfolioBlackRock Global Long/Short Credit FundBLK 27301 122215FUNDSBBIF Tax-Exempt FundBIF Money FundBIF MA Municipal Money FundBIF OH Municipal Money FundBlackRock Balanced Capital Fund, Inc.BlackRock All-Cap Energy & Resources PortfolioBlackRock Developed Real Estate Index FundBlackRock Emerging Markets Dividend FundBlackRock Exchange PortfolioBlackRock Global Long/Short Equity FundVOTING OPTIONSRead your proxy statement and have it at hand when voting.VOTE ON THE INTERNETLog on to:www.proxy-direct.comor scan the QR codeFollow the on-screen instructionsavailable 24 hoursVOTE BY PHONECall 1-800-337-3503Follow the recordedinstructionsavailable 24 hoursVOTE BY MAILVote, sign and date this ProxyCard and return it in thepostage-paid envelope.DO NOT TEARSignature

THE BOARD OF DIRECTORS/TRUSTEES RECOMMENDS VOTING, AND/OR PROVIDING VOTING INSTRUCTIONS, AS APPLICABLE, “FOR”EACH BOARD MEMBER NOMINEE.TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK. Example:1.To Elect Board Members: To withhold authority to vote for any individual nominee(s) mark the “For All Except” and write the nomineenumber(s) on the line provided.01. David O. Beim06. Rodney D. Johnson11. Kenneth L. Urish02. Susan J. Carter07. Cynthia A. Montgomery12. Claire A. Walton03. Collette Chilton08. Joseph P. Platt13. Frederick W. Winter04. Neil A. Cotty09. Robert C. Robb, Jr.14. Barbara G. NovickFOR WITHHOLD FOR F Government Securities FundBBIF Tax-Exempt FundBIF Government Securities FundBIF CA Municipal Money FundBIF MA Municipal Money FundBIF NY Municipal Money FundBIF Tax-Exempt FundBlackRock Emerging Markets Fund, Inc.BlackRock All-Cap Energy & Resources PortfolioBlackRock Commodity Strategies FundBlackRock Disciplined Small Cap Core FundBlackRock Emerging Markets Dividend FundBlackRock Energy & Resources PortfolioBlackRock Flexible Equity FundBlackRock Global Long/Short Equity Fund FOR WITHHOLD FOR ALLALLALLEXCEPT0204060810121416182022242628BBIF Money FundBBIF Treasury FundBIF Money FundBIF CT Municipal Money FundBIF NJ Municipal Money FundBIF OH Municipal Money FundBIF Treasury FundBlackRock Summit Cash Reserves FundBlackRock Alternative Capital Strategies FundBlackRock Developed Real Estate Index FundBlackRock Emerging Market Allocation PortfolioBlackRock Emerging Markets Long/Short Equity FundBlackRock Exchange PortfolioBlackRock Global Long/Short Credit Fund nominee(s) mark the “For All Except” and write the nominee number(s) on the line provided.02. Susan J. Carter07. Cynthia A. Montgomery12. Claire A. Walton03. Collette Chilton08. Joseph P. Platt13. Frederick W. Winter04. Neil A. Cotty09. Robert C. Robb, Jr.14. Barbara G. NovickFOR WITHHOLD FOR ALLALLALLEXCEPT3. To Provide Voting Instructions to Feeder Fund for the Election of Board Members to the Board of Master Fund: To withhold authority to vote for any individual01. David O. Beim06. Rodney D. Johnson11. Kenneth L. Urish0103050705. Matina S. Horner10. Mark Stalnecker15. John M. PerlowskiBBIF Government Securities FundBBIF Tax-Exempt FundBIF Government Securities FundBIF Tax-Exempt Fund 05. Matina S. Horner10. Mark Stalnecker15. John M. PerlowskiFOR WITHHOLD FOR ALLALLALLEXCEPT02040608 BBIF Money FundBBIF Treasury FundBIF Money FundBIF Treasury Fund To Provide Voting Instructions to BlackRock Balanced Capital Fund, Inc. for the Election of Board Members to the Board of Master Large Cap Series LLC:To withhold authority to vote for any individual nominee(s) mark the “For All Except” and write the nominee number(s) on the line provided.01. David O. Beim06. Rodney D. Johnson11. Kenneth L. Urish02. Susan J. Carter07. Cynthia A. Montgomery12. Claire A. Walton03. Collette Chilton08. Joseph P. Platt13. Frederick W. Winter04. Neil A. Cotty09. Robert C. Robb, Jr.14. Barbara G. Novick05. Matina S. Horner10. Mark Stalnecker15. John M. PerlowskiFOR WITHHOLD FOR ALLALLALLEXCEPT01 BlackRock Balanced Capital Fund, Inc. Important Notice Regarding the Availability of Proxy Materials for theBlackRock-Advised Funds in Equity-Liquidity ComplexJoint Special Meeting of Shareholders to Be Held on February 8, 2016.The Proxy Statement for this meeting is available at: https://www.proxy-direct.com/blk-27301THE PROXIES ARE AUTHORIZED TO VOTE, IN THEIR DISCRETION, UPON ANY OTHER MATTER THAT MAY PROPERLY COME BEFORE THE MEETINGOR ANY ADJOURNMENTS, POSTPONEMENTS OR DELAYS THEREOF.BLK 27301 122215

PROXYBLACKROCK-ADVISED FUNDS IN EQUITY-LIQUIDITY COMPLEXJOINT SPECIAL MEETING OF SHAREHOLDERS TO BE HELD ON FEBRUARY 8, 2016THIS PROXY IS SOLICITED ON BEHALF OF THE BOARDS OF DIRECTORS/TRUSTEESPROXYThe undersigned hereby appoints Benjamin Archibald, Jay Fife and Charles Park, and each of them, as proxies, each with the power to appoint his substitute, andhereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of the below named funds that the undersigned isentitled to vote at the Joint Special Meeting of Shareholders of each Fund to be held on February 8, 2016 or at any adjournments, postponements or delays thereof.This proxy does not revoke any prior powers of attorney except for prior proxies given in connection with the Joint Special Meeting of Shareholders.THIS PROXY, IF PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NODIRECTION IS MADE FOR ONE OR MORE PROPOSALS, THIS PROXY WILL BE VOTED “FOR ALL” FOR EACH SUCH PROPOSAL.IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED AT THE JOINTSPECIAL MEETING OF SHAREHOLDERS OR ANY ADJOURNMENTS, POSTPONEMENTS OR DELAYS THEREOF.VOTE VIA THE INTERNET: www.proxy-direct.comVOTE BY TELEPHONE: 1-800-337-3503NOTE: Please sign exactly as your name(s) appear(s) on this Proxy Card.When shares are held by joint tenants, both should sign. When signing asattorney, executor, administrator, trustee, or guardian, please give full titleas such. If a corporation, please sign in full corporate name by anauthorized officer. If a partnership, please sign in partnership name by anauthorized person.SignatureDateFUNDSBlackRock Global Opportunities PortfolioBlackRock International Opportunities PortfolioBlackRock Mid-Cap Growth Equity PortfolioBlackRock MSCI Asia ex Japan Index FundBlackRock Multi-Manager Alternative Strategies FundBlackRock Pennsylvania Municipal MM PortfolioBlackRock Virginia Municipal MM PortfolioBlackRock Short Obligations FundBlackRock Strategic Risk Allocation FundBlackRock U.S. Treasury MM PortfolioFUNDSBlackRock Health Sciences Opportunities PortfolioBlackRock Macro Themes FundBlackRock MidCap Index FundBlackRock MSCI World Index FundBlackRock Municipal Money Market PortfolioBlackRock New Jersey Municipal MM PortfolioBlackRock Real Estate Securities FundBlackRock Small Cap Growth Equity PortfolioBlackRock Total Stock Market Index FundBlackRock Cash Funds: InstitutionalBLK 27301 122215FUNDSBlackRock Impact U.S. Equity FundBlackRock Managed Volatility PortfolioBlackRock Money Market PortfolioBlackRock Multi-Asset Real Return FundBlackRock Ohio Municipal MM PortfolioBlackRock North Carolina Municipal MM PortfolioBlackRock Science & Tech. Opportunities PortfolioBlackRock Small/Mid Cap Index FundBlackRock U.S. Opportunities PortfolioBlackRock Cash Funds: PrimeVOTING OPTIONSRead your proxy statement and have it at hand when voting.VOTE ON THE INTERNETLog on to:www.proxy-direct.comor scan the QR codeFollow the on-screen instructionsavailable 24 hoursVOTE BY PHONECall 1-800-337-3503Follow the recordedinstructionsavailable 24 hoursVOTE BY MAILVote, sign and date this ProxyCard and return it in thepostage-paid envelope.DO NOT TEARSignature