Merrill Lynch S.A.

Please note that the following Issue has been repurchased by the Issuer:

  SI. NO       ISIN     Issue No Value Date Currency Repurchase Amt      New O/S
--------------------------------------------------------------------------------
    1      XS0309123908  M90487  5-Aug-2008   USD        200,000.00 5,990,000.00
--------------------------------------------------------------------------------

Please arrange for this to be reflected in your records.


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