Merrill Lynch Declares Dividends on Common and Preferred Stocks

Our board of directors declared a regular quarterly dividend, and the board’s finance committee declared dividends on shares of preferred stock.

The board of directors of Merrill Lynch & Co., Inc. (NYSE:MER) declared a regular quarterly dividend of 35 cents per common share payable August 22, 2007, to shareholders of record on August 3, 2007.

In addition, the finance committee of the board of directors of Merrill Lynch & Co., Inc. declared the following dividends on shares of preferred stock:

* $463.34 per share of Floating Rate Non-Cumulative Preferred Stock, Series 1 equivalent to $0.3861 per Depositary Share (NYSE: MERPRG)
* $455.76 per share of Floating Rate Non-Cumulative Preferred Stock, Series 2 equivalent to $0.3798 per Depositary Share (NYSE: MERPRH)
* $478.13 per share of 6.375 percent Non-Cumulative Preferred Stock, Series 3 equivalent to $0.3984 per Depositary Share (NYSE: MERPRI)
* $463.34 per share of Floating Rate Non-Cumulative Preferred Stock, Series 4 equivalent to $0.3861 per Depositary Share (NYSE: MERPRJ)
* $449.27 per share of Floating Rate Non-Cumulative Preferred Stock, Series 5 equivalent to $0.3744 per Depositary Share (NYSE: MERPRL)

Series 1, 2, 3 and 4 dividends are payable August 28, 2007, to holders of record on August 15, 2007. Series 5 dividends are payable August 21, 2007, to holders of record on August 8, 2007.