Obligation Announcement to the Amended and Restated Final Terms dated 9 May, 2012 amending and restating the Final Terms dated 28 July, 2008

LONDON--(BUSINESS WIRE)--

11 June 2012

Obligation Announcement to the Amended and Restated Final Terms dated 9 May, 2012 amending and restating the Final Terms dated 28 July, 2008

Issue of JPY 50,000,000 Bearer Fixed and Equity Linked Coupon Amount, Automatic Early Redemption and Equity Linked Redemption Notes due 29 July, 2013 (the “Notes”) by Merrill Lynch S.A. ISIN XS0375441242

The following information contained in the Final Terms shall be amended:

Under Schedule 1 Special Conditions, paragraph 2. Automatic Early Redemption: “JPY 940” shall be deemed to be deleted and replaced with “JPY 987”.

The Issuer accepts responsibility for the information contained in this Announcement.

This Announcement is available, free of charge, at the Office of the Agent in London.

Signed on behalf of the Issuer:

By: …………………………………………

Duly Authorised