Interim Management Statement

Interim Management Statement - 3 months to 31 August 2012

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 June 2012 to 
31 August 2012, 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/brci.

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        Six        One      Five
                               Month     Months     Months       Year     Years
Net Asset Value                 1.0%       6.1%     -13.0%     -10.8%     12.2%
Share Price                     1.3%       3.6%     -11.9%      -9.4%     18.8%

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

Ten Largest Equity Holdings at 31 August 2012 (in alphabetical order)

Anadarko Petroleum
BHP Billiton
Chevron
ExxonMobil
Occidental Petroleum
Peyto Exploration & Development
Rio Tinto
Schlumberger
Teck Resources
Total

Financial position and performance as at 31 August 2012

Gross Assets (£m)*                          108.6
Short term borrowings (£m)                    nil
Net asset value-Capital Only              114.80p
Net asset value-Including Income          116.09p
Share Price                               116.25p
Ordinary Shares in Issue               93,508,000
Gearing**                                     nil
Premium to NAV-Cum Income                    0.1%
Premium to NAV-Capital Only                  1.3%

*includes net revenue of £1.2m
**gearing is calculated using debt at par, less cash and cash equivalents as a
percentage of net assets

Material Events & Transactions

Material events or transactions, during the three months to 31 August 2012, and
from 1 September 2012 to the date of publication of this report are set out
below. The Company was not involved in any other material transactions during
the period except for the purchase and sale of securities undertaken in the
normal course of its business.

Interim Dividends

The second interim dividend in respect of the year ending 30 November 2012 of
1.4375 pence per share was declared on 19 June 2012, and paid on 27 July 2012
to shareholders on the register at the close of business on 29 June 2012.

The third interim dividend in respect of the year ending 30 November 2012 of
1.4375 pence per share was declared on 13 September 2012 to be paid on 25
October 2012 to shareholders on the register at the close of business on 28
September 2012.

Tender

On 19 June 2012 the Board announced that it had decided not to proceed with the
semi-annual tender offer in August 2012.

Financial Report

The Company announced its half yearly financial results for the period ended 31
May 2012 on 16 July 2012.

Issue of Shares

During the period 500,000 ordinary shares were issued under the Company's
blocklisting facility at an average price of 114.25 pence per share for a total
consideration of £570,393.13, net of issue costs. All of the shares were issued
at a premium to the company's NAV at the time of issue.

Change in NAV and Share Price

For the period 1 September 2012 to 12 September 2012 the Company's NAV rose by
4.4% and the share price by 1.7%. The Board is not aware of any other material
events or transactions, except as disclosed herein, occurring between 31 July
2012 and the date of publication of this interim management statement which
would have a material impact on the financial position of the Company.

Contact details:
Kerry Higgins
Secretary
Tel: [phone]

Date: 13 September 2012

Please note more detailed performance information is available on the
Investment Manager's website: www.blackrock.co.uk/its/brci . Neither the
contents of the Manager's website nor the contents of any website accessible
from hyperlinks on the Manager's website (or any other website) is incorporated
into, or forms part of, this announcement.