Merrill Lynch & Co

Early Partial Redemption

Merrill Lynch & Co Inc

                          Re: Merrill Lynch & Co., Inc
               Issue of USD 10,000,000 NonInt Bearing Equity Lnkd
                    Redmn Nts due 26 Oct, 2007 Srs:3212 Tr:1


Please be advised that a put option for USD 1,800,000 has been exercised on the
above issue with value 26.10.2006

The new outstanding is USD 8,200,000.

Please arrange for this to be reflected in your records.