MERRILL LYNCH NEW ENERGY TECHNOLOGY PLC

Interim Management Statement - 3 months to 31 January 2008

To the members of Merrill Lynch New Energy Technology plc

This interim management statement has been produced solely to provide
additional information to shareholders as a body to meet the relevant
requirements of the UK Listing Authority's Disclosure and Transparency Rules.
It should not be relied on by any other party for any other reason.

This interim management statement relates to the period from 1 November 2007 to
31 January 2008, and contains information that covers this period, and up to
the date of publication of this interim management statement. Please note that
more detailed performance information, in particular the latest month end
announcement is available on the Manager's website - www.blackrock.co.uk/its .

The Company invests in global companies, and seeks to generate long term
capital growth for its shareholders by investing in companies that have a
significant focus on alternative energy or energy technology. The Company is
managed by Robin Batchelor and Poppy Allonby of BlackRock Merrill Lynch
Investment Managers.

Financial position as at 31 January 2008

Gross assets (�m)                              152.14
Short term borrowings (�m)                        nil
                                                     
Net asset value                                63.03p     
                                                     
Share price                                    60.00p
Ordinary shares in issue                  241,000,000
                                                     
Actual gearing                                    nil       
Discount to NAV                                  4.8%


Performance

Cumulative Performance(%):

                                  One      Three      One     Three      Five
                                Month     Months     Year     Years     Years
                                                                               
Net asset value                -16.9%     -12.1%    18.3%    112.8%    230.7%
Share price                    -14.9%     -13.0%     8.6%    126.4%    293.4%

All performance figures are in sterling terms on a capital only basis.

The average discount over the three month period to 31 January 2008 was 5.0%


Material Events & Transactions

There were no material events or transactions during the three months to 31
January 2008.

The Board is not aware of any material events or transactions, except as
disclosed herein, occurring between 31 January 2008 and the date of publication
of this interim management statement which would have a material impact on the
financial position of the Company. Latest information is available by typing, 
www.blackrock.co.uk/its on the internet, "BLRKINDEX" on Reuters, "BLRK" on
Bloomberg or "8800" on Topic 3 (ICV terminal).

Contact details:
Barbara Powley
Company Secretary
Tel: 020 7743 5610

22 February 2008



END

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