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Merrill Lynch SA (91GE)

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Wednesday 18 July, 2007

Merrill Lynch SA

Full Early Redemption

Merrill Lynch S.A.
                  
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Merrill Lynch S.A.
JPY 70,000,000 Vrble Eqty Lnkd Cpn Amt Atmtc Erly
Rdmp Eqty Lnkd Rdmp Nts due 20/12/2009 Sr 524 Tr 1
MTN
XS0278482814
Please be advised that the Issuer has called the above issue in full for value 20.03.2007.
The new outstanding is Nil.
Please arrange for the above to be reflected in your records.
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