Tender Offer

Not for release, publication or distribution in or into the United States,
Canada, Australia or Japan

21 August 2007

             Merrill Lynch Commodities Income Investment Trust plc             

                          Results of the Tender Offer                          

 
Background

On 23 July 2007, the Company offered to repurchase up to 20 per cent of its
issued Ordinary Shares (15,120,000).

The Tender Offer was under subscribed and 5,989,338 Ordinary Shares (7.92% of
the issued Ordinary Shares) were tendered. The Tender will be satisfied in
full. All Ordinary Shares tendered will be held in Treasury. The resultant
total number of Ordinary Shares held in Treasury by the Company will be
5,989,338.

Tender Price

The Tender Price will be calculated as at close of business on 31 August 2007
(the "Calculation Date") and will be announced on 3 September 2007.

Payments to Shareholders by cheque, in the case of certificated holders, will
be made in pounds sterling and are expected to be paid on or as soon as
practicable after 7 September 2007.

Payments through CREST, in the case of uncertificated holders, will be made in
pounds sterling and are expected to be paid on or as soon as practicable after
5 September 2007.

Balancing share certificates will be despatched by 7 September 2007 and CREST
accounts will be settled on or as soon as practicable after 5 September 2007.

Definitions

Terms defined in the Circular have the same meaning when used herein unless the
context otherwise requires.


Enquiries

BlackRock Investment Management (UK) Limited
Jonathan Ruck Keene 020 7743 3000

UBS Investment Bank
Joseph Winkley 020 7567 8000

 

UBS Limited is acting for the Company in connection with the Tender Offer and
no one else and will not be responsible to anyone other than the Company for
providing the protections offered to clients of UBS Limited nor for providing
advice in relation to the Tender Offer.