Interim Management Statement

BLACKROCK COMMODITIES INCOME INVESTMENT TRUST PLC                

Interim Management Statement - 3 months to 28 February 2014

To the members of BlackRock Commodities Income Investment Trust plc

This interim management statement has been produced solely to provide
additional information to shareholders as a body to meet the relevant
requirements of the UK Listing Authority's Disclosure & Transparency Rules. It
should not be relied on by any other party for any other reason.

This interim management statement relates to the period from 1 December 2013 to
28 February 2014, and contains information that covers this period, and up to
the date of publication of this interim management statement. Please note more
detailed performance information, including the latest month end announcements
are available on the Manager's website - www.blackrock.co.uk/brci.

The Company's objectives are to achieve an annual dividend target and, over the
long term, capital growth by investing primarily in securities of companies
operating in the mining and energy sectors. The lead manager is Olivia Ker and
the deputy manager Thomas Holl.

Stock Performance

Cumulative Performance (%):

                                 One      Three        Six        One      Five
                               Month     Months     Months       Year     Years
Net Asset Value                 5.0%       3.3%       0.1%      -8.2%     70.4%
Share Price                     7.5%       2.6%       4.2%      -4.0%     70.9%

All performance figures are in £ on a total return basis.

Ten Largest Equity Holdings at 28 February 2014(in alphabetical order)

BHP Billiton
BP
Canadian Oil Sands
Chevron
ENI
ExxonMobil
GlencoreXstrata
Rio Tinto
Royal Dutch Shell
Total

Financial position and performance as at 28 February 2014

Gross Assets (£m)*               116.0         
Short term borrowings (£m)       8.7           
Net asset value-Capital only     106.78p       
Net asset value-Including income 107.68p       
Share Price                      110.75p       
Ordinary Shares in Issue         99,608,000    
Actual Gearing - cum income      10.3%         
Premium to NAV-Including income  2.9%          
Premium to NAV-Capital only      3.7%          

*includes current year revenue

Material Events & Transactions
Material events or transactions, during the three months to 28 February 2014,
and from 1 March 2014 to the date of publication of this report are set out
below. The Company was not involved in any other material transactions during
the period except for the purchase and sale of securities undertaken in the
normal course of its business.

Interim Dividends
The fourth interim dividend in respect of the year ended 30 November 2013 of
1.525 pence per share was declared on 13 December 2013, and paid on 23 January
2014 to shareholders on the register at the close of business on 27 December 2013.

The first interim dividend in respect of the year ending 30 November 2014 of
1.4875 pence per share was declared on 14 March 2014 to be paid on 22 April
2014 to shareholders on the register at the close of business on 28 March 2014.

Tender
On 18 December 2013 the Board announced that it had decided not to proceed with
the semi-annual tender offer in February 2014.

Financial Report
The Company announced its financial results for the year ended 30 November 2013
on 27 January 2014.

Change in Portfolio Manager
It was announced on 20 January 2014 that Richard Davis had stepped down as the
portfolio manager and had been succeeded by Olivia Ker as the lead manager of
the Trust. Thomas Holl would continue as deputy manager. 

Additional Listing
On 28 January 2014 an Application was made to The UK Listing Authority and The
London Stock Exchange for a block listing of 6,325,800 Ordinary shares of 1
pence each under an Ordinary share Block Listing facility.

The shares were admitted to the Official List and to trading on the London
Stock Exchange with effect from 8.00 am on 30 January 2014 and may be issued
from time to time for cash, in order to satisfy investor demand, provided that
such issues are made at prices above the prevailing net asset value per share.
Any shares will, when issued rank equally with the existing Ordinary shares of
the Company.

Annual General Meeting ("AGM")
At the Company's AGM held on Friday, 28 March 2014, all resolutions were
passed.

Change of Directorate
The Company announced on 28 March 2014 that Mr Humphrey van der Klugt, had
retired as a non executive Director of the Company and Chairman of the Audit
and Management Engagement Committee.

Mr Michael Merton has succeeded Mr van der Klugt as Chairman of the Audit and
Management Engagement Committee.

Issue of Shares
During the period 1 December 2013 to 28 February 2014 3,350,000 ordinary shares
were issued for consideration of £3.6 million, before the deduction of issue
costs. The shares were issued at an average premium of 1.9% to the cum income
NAV at the close of business on the previous business day and at a premium to
the estimated cum income NAV at the time of the transaction.

Change in NAV and Share Price
For the period 1 March 2014 to 27 March 2014 the Company's NAV fell by 0.1% and 
the share price by 3.9%. 

The Board is not aware of any material events or transactions, except as
disclosed herein, occurring between 1 March 2014 and the date of publication of
this interim management statement which would have a material impact on the
financial position of the Company.

Contact details:
Kerry Higgins
Secretary
Tel: [phone]

Date: 28 March 2014

Please note more detailed performance information is available on the
Investment Manager's website: www.blackrock.co.uk/its/brci . Neither the
contents of the Manager's website nor the contents of any website accessible
from hyperlinks on the Manager's website (or any other website) is incorporated
into, or forms part of, this announcement.