Tender Offer

BLACKROCK COMMODITIES INCOME INVESTMENT TRUST PLC

TENDER OFFER ANNOUNCEMENT

16 December 2016

The Board of BlackRock Commodities Income Investment Trust plc (the "Company") today announces its decision not to proceed with the discretionary semi-annual tender offer in February 2017.

Over the twelve month period to 30 November 2016, the Company's shares traded at an average discount to net asset value ("NAV") of 1.3% (on a cum-income basis). Given that this is better than a discount of 2.0% to NAV, the price at which any tender offer would be made, the Board has concluded that it is not in the interests of shareholders to implement the tender offer in February 2017.

Enquiries:

Sarah Beynsberger
BlackRock Investment Management (UK) Limited, Secretary
Telephone: [phone]