THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Merrill Lynch & Co., Inc. (MER)

3/10/2006 Proxy Information

State Street is the beneficial owner of more than 5% of the outstanding shares of our common stock. We and certain of our subsidiaries have engaged in transactions in the ordinary course of business with State Street and with certain of its respective affiliates. These transactions were on substantially the same terms as comparable transactions with other clients. As permitted by the Sarbanes-Oxley Act of 2002, certain of our Directors and executive officers and their family members have, from time to time, borrowed money from Merrill Lynch subsidiaries in the form of mortgage loans, revolving lines of credit and other extensions of credit. These transactions are entered into in the ordinary course of business on substantially the same terms, including interest rates and collateral provisions, as those prevailing at the time for comparable transactions with our other similarly situated customers. For certain types of products and services offered by our subsidiaries, our Directors and officers may receive certain discounts that are available to our employees generally. From time to time, we may perform investment banking, financial advisory, lending and other services in the ordinary course of our business for certain corporations with which some of our Directors are affiliated. Those services are provided on substantially the same terms as those prevailing at the time for comparable transactions with our other similarly situated customers. A Merrill Lynch subsidiary leases office space at a building that is owned by a partnership in which Mr. Codina, one of our non-management Directors, and certain of his family members formerly owned interests. Mr. Codina also formerly controlled the general partner of the partnership. Merrill Lynch’s lease was entered into before it was contemplated that Mr. Codina would join the Board. Merrill Lynch paid gross rent of less than $1 million to the partnership in each of 2003, 2004 and 2005. All ownership interests in the partnership and its general partner were disposed of by Mr. Codina and his family members prior to Mr. Codina’s election to the Board in July 2005. A sibling of Mr. O’Neal, our Chairman and Chief Executive Officer, is employed as an Assistant Vice President by the client technology group of one of the Company’s subsidiaries and was paid total compensation in 2005 of between $60,000 and $125,000.

A sibling of James P. Gorman, a former executive officer of the Company, is employed as a Director in the equity trading area of one of the Company’s subsidiaries and was paid a total compensation in 2005 of between $400,000 and $600,000.

From time to time, in connection with investigations by regulatory and governmental bodies, Merrill Lynch recommends certain counsel with expertise in the area to Merrill Lynch employees. An employee requiring these services generally selects counsel from among the attorneys whose names are provided and the fees are paid by Merrill Lynch. Since 1999, the spouse of Rosemary Berkery, an Executive Vice President and General Counsel of the Company, has been recommended from time to time to provide such counsel. In 2005, fees payable to Ms. Berkery’s spouse for such services were approximately $78,000.

3/15/2005 Proxy Information

As permitted by the Sarbanes-Oxley Act of 2002, certain of our Directors and executive officers and their family members have, from time to time, borrowed money from Merrill Lynch subsidiaries in the form of mortgage loans, revolving lines of credit and other extensions of credit. These transactions are entered into in the ordinary course of business on substantially the same terms, including interest rates and collateral provisions, as those prevailing at the time for comparable transactions with our other similarly situated customers. For certain types of products and services offered by our subsidiaries, our Directors and officers may receive certain discounts that are available to our employees generally.

Each of State Street and FMR is the beneficial owner of more than 5% of the outstanding shares of our common stock. We and certain of our subsidiaries have engaged in transactions in the ordinary course of business with State Street, FMR and with certain of their respective affiliates. These transactions were on substantially the same terms as comparable transactions with other clients.

From time to time, we may perform investment banking, financial advisory, lending and other services in the ordinary course of our business for certain corporations with which some of our Directors are affiliated on substantially the same terms as those prevailing at the time for comparable transactions with our other similarly situated customers.

Certain executive officers have immediate family members who are employed by Merrill Lynch or one of its subsidiaries. The compensation of each such family member was established by Merrill Lynch in accordance with its employment and compensation practices applicable to other employees with equivalent qualifications and responsibilities and holding similar positions. None of the executive officers has a material interest in the employment relationships nor do any of them share a home with these employees. These employees do not report directly to any executive officer of Merrill Lynch.

A sibling of E. Stanley O’Neal, our Chairman and CEO, is employed as an assistant vice president by the client technology group of one of the Company’s subsidiaries and was paid total compensation in 2004 of between $60,000 and $125,000.

A sibling of James P. Gorman, an executive officer of the Company, is employed as a director in the equity trading area of one of the Company’s subsidiaries and was paid total compensation in 2004 of between $400,000 and $600,000.

From time to time, in connection with investigations by regulatory and governmental bodies, Merrill Lynch recommends certain counsel with expertise in the area to Merrill Lynch employees. An employee requiring these services generally selects counsel from among the attorneys whose names are provided and the fees are paid by Merrill Lynch. Since 1999, the spouse of Rosemary Berkery, an Executive Vice President and General Counsel of the Company, has been recommended from time to time to provide such counsel. In 2004, fees payable to Ms. Berkery’s spouse for such services were approximately $102,000.

The current Directors, other than Mr. Cribiore, Mr. Finnegan, Mrs. Reese and Mr. Rossotti, were named as defendants in a shareholder derivative action alleging breaches of fiduciary duty in failing to establish procedures sufficient to prevent alleged Enron-related violations of law by Merrill Lynch. The action was dismissed by the U.S. District Court for the Southern District of New York, and an appeal is pending.

3/9/2004 Proxy Information

To the extent permitted by the Sarbanes-Oxley Act of 2002, some directors, executive officers and their families may, from time to time, borrow money from Merrill Lynch in the form of mortgage loans, revolving lines of credit and other extensions of credit. These transactions are entered into in the ordinary course of business on substantially the same terms, including interest rates and collateral provisions, as those prevailing at the time for comparable transactions with our other similarly situated customers. For certain types of products and services offered by our subsidiaries, our directors and officers may receive certain discounts.

Each of State Street Bank and Trust Company, FMR Corp., and Barclays Global Investors, NA and certain of its affiliates is the beneficial owner of more than 5% of the outstanding shares of our common stock. We and certain of our subsidiaries have engaged in transactions in the ordinary course of business with State Street, FMR Corp., and Barclays Global Investors, NA and with certain of their respective affiliates. These transactions were on substantially the same terms as comparable transactions with other clients.

From time to time, we may perform investment banking, financial advisory and other services in the ordinary course of our business for certain corporations with which some of our directors are affiliated.

From time to time, in connection with investigations by regulatory and governmental bodies, Merrill Lynch recommends certain counsel with expertise in the area to Merrill Lynch employees. An employee requiring these services selects counsel from among the attorneys recommended and the fees are paid by Merrill Lynch. Since 1999, Robert Hausen, Esq., the spouse of Rosemary T. Berkery, has been recommended from time to time to provide such counsel. In 2003, fees payable to Mr. Hausen for such services were approximately $103,000. Ms. Berkery is an Executive Vice President and the General Counsel of Merrill Lynch.

The current directors, other than Mr. Cribiore, are named as defendants in three shareholder derivative actions alleging breaches of fiduciary duty in failing to establish proper research controls and/or in failing to establish procedures sufficient to prevent alleged Enron-related violations of law by Merrill Lynch. One of the actions, involving research-related claims, has been dismissed and is on appeal. The second action, also involving research, is not currently being prosecuted while the appeal of the first dismissal is pending. The third action, involving Enron, is the subject of a pending motion to dismiss. The actions, which were filed in the U.S. District Court for the Southern District of New York and in the Supreme Court of the State of New York, seek damages in an unspecified amount and other relief.