Tender Offer

Not for release, publication or distribution in or into the United States,    
Canada, Australia or Japan                                                    
                                                                              
3 September 2007                                                             
                                                                              
                                                                              
                                                                              
            Merrill Lynch Commodities Income Investment Trust plc             
                                                                              
                         Announcement of Tender Price                         
                                                                              
Background                                                                    
                                                                              
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 tendered Ordinary Shares will be held in Treasury.                  
                                                                              
There are no Ordinary Shares currently held by the Company in Treasury.       
Following implementation of the Tender Offer the Company will have 5,989,338  
Ordinary Shares held in Treasury.                                             
                                                                              
Following the Tender Offer the number of Ordinary Shares that the Company has 
in issue, less the total number of Ordinary Shares held by the Company in     
Treasury, is 69,610,662.                                                      
        
                                                                      
Tender Price                                                                  
                                                                              
The Tender Price calculated as at close of business on 31 August 2007 (the    
"Calculation Date") was 128.282 pence per Ordinary Share.                     
                                                                              
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 Limited                                                                   
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.