Tender Offer

Tender offer

The Board of Merrill Lynch Commodities Income Investment Trust plc announces
that having received feedback from a number of its shareholders, it has
concluded that there is insufficient appetite for it to exercise its discretion
to implement the February 2008 tender offer.

The Board will continue to monitor the discount closely and will consider share
repurchases in the market if the discount to net asset value widens
significantly.

Enquiries:
Jonathan Ruck Keene
0207 743 2178