Merrill Lynch Global Selects

For the global investor, Global Selects offers a broad range of features that meet and often exceed those generally available from conventional professional money management vehicles. Global Selects offers multiple share classes with different pricing structures, and most Global Selects portfolios are available in more than one currency, including euro-, U.S. dollar-, British pound- and yen-denominated shares, which are either spot or currency hedged. These features allow many investors to participate in the major global markets without worrying about currency exposure.

Another advantage is that Global Selects gives clients access to proven investment managers from across the globe. For each asset class, region and investment style, Merrill Lynch has selected asset managers through a rigorous due-diligence process. As of October 2006, Merrill Lynch Global Selects offers 48 individual portfolios that cross many asset classes and investment styles. Each portfolio is managed by a single investment manager, with some asset managers in charge of more than one portfolio. You may choose among equity portfolios for the U.S., European, Asian or emerging markets, and specialized portfolios of fixed-income or short-term securities.

Global Selects also provides clear information on investment holdings and pricing. This transparency integrates seamlessly with the Merrill Lynch wealth management process, so that the portfolios you choose can align with your specific investment objectives more closely. Merrill Lynch monitors individual investor manager performance on an ongoing basis with a view to ensuring that only investment managers who appear most likely to achieve specific criteria and are well positioned to provide substantive performance and risk management manage Global Selects portfolios.

Merrill Lynch Global Selects Portfolios plc ("the Fund") is a UCITS established under the laws of Ireland. Sales of shares of the Fund will be made on the basis of its prospectus only and this website does not and will not constitute an offer of shares of the Fund. Potential investors must review the prospectus, including the risk factors described therein, before making any decision to invest. Shares of the Fund may not be offered or sold to residents in Italy, Germany, Portugal or Spain until said shares have been authorized for public sale in those jurisdictions, nor may they be offered or sold to U.S. persons or in any other jurisdictions where such offering or sale is prohibited. For a complete definition of U.S. Person see the Fund's prospectus.

For shareholders of the Fund The following information is for existing shareholders of the Fund in approved jurisdictions. It does not constitute an offer or solicitation to sell shares of the Fund.

 The current Net Asset Value (NAV) of each portfolio of Merrill Lynch Global Selects Portfolios.

 The name of the Investment Manager for each portfolio of Merrill Lynch Global Selects Portfolios

Important information for UK investors: Neither the Fund nor Merrill Lynch Pierce Fenner & Smith Incorporated ("MLPF&S") have a place of business in the United Kingdom and as of the date of this website, neither is authorized under the Financial Services and Markets Act 2000. As a consequence, the regulatory regime that will govern an investor's rights in respect of the Fund, MLPF&S and their similarly unauthorized overseas affiliates and agents will be different to that of the United Kingdom, and the United Kingdom rules for the protection of private customers will not apply. Investors will not, for example, be entitled to compensation under the UK's Financial Services Compensation Scheme. Where relevant, this information is directed at persons to whom, and is distributed by Merrill Lynch only to persons to whom, it may promote unregulated collective investment schemes in accordance with the rules of Financial Services Authority ("relevant persons"). Such investments are available only to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such investments will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this website or any of its contents. This material is approved for issue in the UK by Merrill Lynch International Bank Limited ("MLIB"), whose Registered Office is at Merrill Lynch Financial Centre, 2 King Edward Street , London.

Please note that some products and services mentioned herein may not be available in certain jurisdictions or to certain clients. They may also be subject to minimum investment requirements and to client pre-qualification. Please contact us for more information.