ML Split Corp.
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ML Split Corp.

April 27, 2007 13:00 ET

Initial Public Offering: ML Split Corp.-An Investment in Merrill Lynch & Co., Inc.

TORONTO, ONTARIO--(CCNMatthews - April 27, 2007) -

Attention: Business Editors

ML Split Corp. ("ML Split") is pleased to announce the filing of a preliminary prospectus for a proposed new offering. The offering is an investment in shares of Merrill Lynch & Co., Inc. and will offer two investment choices: Class A Shares (a capital share) and Priority Equity Shares (a preferred share).

ML Split's Class A Shares offer regular monthly cash dividends targeted to be 6% per annum. The Class A shares will also provide holders with any capital appreciation or dividend growth achieved in its shares of Merrill Lynch & Co., Inc.

ML Split's Priority Equity Shares offer fixed, cumulative preferential monthly cash dividends at a yield of 5.25% per annum, with the objective of repaying their original issue price ($10) upon termination on December 1, 2014.

CIBC World Markets Inc. and RBC Dominion Securities Inc. are co-lead agents for the proposed offering. The other members of the syndicate are Scotia Capital Inc., BMO Nesbitt Burns Inc., TD Securities Inc., National Bank Financial Inc., Desjardins Securities Inc., Canaccord Capital Corporation, Dundee Securities Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Bieber Securities Inc., Blackmont Capital Inc., Laurentian Bank Securities Inc., Richardson Partners Financial Limited and Wellington West Capital Inc.

Please visit our website at: www.MLSplit.com

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