Interim Management Statement

BLACKROCK COMMODITIES INCOME INVESTMENT TRUST PLC

Interim Management Statement- 3 months to 28 February 2009

To the members of BlackRock Commodities Income Investment Trust plc

This interim management statement has been produced solely to provide
additional information to shareholders as a body to meet the relevant
requirements of the UK Listing Authority's Disclosure & Transparency Rules. It
should not be relied on by any other party for any other reason.

This interim management statement relates to the period from 1 December 2008 to
28 February 2009, and contains information that covers this period, and up to
the date of publication of this interim management statement. Please note more
detailed performance information, including the latest month end announcements
are available on the Manager's website-www.blackrock.co.uk/its.

The Company's objectives are to achieve an annual dividend target and, over the
long term, capital growth by investing primarily in securities of companies
operating in the mining and energy sector. The Company is managed by Richard
Davis of BlackRock.

Stock Performance

Cumulative Performance (%):

                                   One      Three        One     Launch
                                 Month     Months       Year   13.12.05
                                                                       
Net Asset Value                  -2.8%       2.4%     -50.2%      -6.1%
Share Price                      -4.6%      16.6%     -48.6%      -5.6%

All performance figures are in £ on a total return basis.

Ten Largest Equity Holdings at 28 February 2009 (in alphabetical order)

Anadarko Petroleum
BHP Billiton
BP
Exxon Mobil
Norddeutsche Affinerie
Occidental Petroleum
Rio Tinto
StatoilHydro
Total
Vale

Financial position and performance as at 28 February 2009

Gross Assets (£m)*                          65.00
                                                 
Short term borrowings (£m)                   6.00           
                                                 
Net asset value-Capital Only               79.73p
                                                 
Net asset value-Including Income           81.13p
                                                 
Share Price                                83.00p
                                                 
Ordinary Shares in Issue**             72,810,662
                                                 
Actual Gearing                               9.2%
                                                 
Premium to NAV-Cum Income                    2.3%
                                                 
Premium to NAV-Capital Only**                4.1%

*includes net revenue of £1.0m
**excluding treasury shares

Material Events & Transactions

During the period 1,000,000 shares were sold from treasury. This generated 
£869,000 of additional funds for the Company.

An interim dividend of 1.4625 pence per share was declared on 16 December 2008,
payable on 20 January 2009 to shareholders on the register on 24 December 2008.

Despite continuing volatility arising from the economic turmoil, the Board is
not aware of any further events or transactions, other than the purchase and sale 
of securities undertaken in the normal course of business, occurring between 
1 December 2008 and the date of publication of this interim management statement 
which would have a material impact on the financial position of the Company.

Latest information is available by typing, www.blackrock.co.uk/its on the
internet, "BLRKINDEX" on Reuters, "BLRK" on Bloomberg or "8800" on Topic 3 
(ICV terminal).

Contact details:

Kerry V Higgins
Secretary

Tel: [phone]