RNS Number:6003H
Merrill Lynch Defined ReturnsII PLC
17 February 2003

                          STOCK EXCHANGE ANNOUNCEMENT

For Immediate Release     17th February, 2003


                      MERRILL LYNCH DEFINED RETURNS II PLC

                          RE: RESIGNATION OF DIRECTOR

The Board of Directors of Merrill Lynch Defined Returns II plc wish to announce
the resignation, for business reasons, of Mr. Ugo Maria Giordano with effect
from 5th February 2003.

Enquiries:
Merrill Lynch International                Contact:             Arif Mansuri
                                           Tel:                 +44-20-7996 1237


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