Net Asset Value(s)

Merrill Lynch Commodities Income IT
30 April 2007



NET ASSET VALUE

MERRILL LYNCH COMMODITIES INCOME INVESTMENT TRUST plc

The unaudited net asset value for Merrill Lynch Commodities Income Investment 
Trust plc at close of business on 27 April 2007 was:

122.92p

It has been identified that the figures quoted in the unaudited daily NAV 
releases made to the London Stock Exchange by BlackRock Investment Management
on behalf of Merrill Lynch Commodities Income Investment Trust for the period 
28 March 2007 to 24 April 2007 were not prepared on an ex dividend basis. If
the NAV had been adjusted to reflect the first quarter's dividend of 1.125 pence 
per share the impact would have been a decrease of 0.89% based on the NAV as at 
25 April 2007. This has been corrected and reflected in the NAV as at 
25 April 2007 as released to the market on 26 April 2007.
     
1.   Investments have been valued on a bid price basis.

2.   For the latest daily net asset value, previous month and performance
     statistics, asset allocation and ten largest holdings of the BlackRock 
     managed Investment Trusts, see BLRKINDEX on Reuters or page 8800 on ICV 
     (Topic 3).

3.   Revenue items are included in Net Asset Value.

4.   The unaudited NAV above has been calculated based on 75,600,000 shares.

5.   Merrill Lynch Commodities Income Investment Trust plc issued 600,000 
     ordinary shares to a market participant at 120.5 pence per share 
     representing 0.8% of the ordinary shares in issue on 4 May 2006.  The 
     number of shares issued now totals 75,600,000.


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