The Bank of New York Mellon Appointed Corporate Trustee by Marfin Egnatia for Its First Covered Bond Programme

PRNewswire
LONDON
(NYSE:BK)
Dec 4, 2008

Represents first such programme to be issued directly in Greece

LONDON, December 4, 2009 — The Bank of New York Mellon, the global leader in asset management and securities servicing, has been appointed by the Greek bank Marfin Egnatia, to act as corporate trust provider for its euro 3 billion covered bond programme.

This is the first Greek direct covered bond programme to be implemented in Greece and involved significant consultation on the new Greek Covered Bond Law and recently enacted secondary regulations.

As corporate trust provider, The Bank of New York Mellon will act as trustee, principal paying agent, Luxembourg listing agent, transfer agent, exchange agent, registrar and calculation agent.

Doros Theodorou, head of Liquidity and Money Markets for Marfin Egnatia Bank, said: "We were faced with numerous challenges issuing this bond due to the new jurisdiction and the structure being the first of its kind. The Bank of New York Mellon was receptive to our needs and we worked closely together to overcome these challenges."

"As the world's leading provider of corporate trust, we have an unrivaled track record in helping clients launch new, innovative products into the global capital markets. This programme epitomizes the teamwork and expertise required to introduce ground-breaking deals and we are proud of our work with Marfin," said Samir Pandiri, managing director and head of the International division for The Bank of New York Mellon's Global Corporate Trust business.

Corporate trust providers are appointed by corporations, municipal governments and other entities issuing debt to perform a variety of duties, including servicing and maintaining the debt issue, processing payments for investors, representing investors in defaults, and providing value-added services for complex debt structures.

The Bank of New York Mellon's corporate trust business services $12 trillion in outstanding debt from 56 locations around the world. It services all major debt categories, including corporate and municipal debt, mortgage-backed and asset-backed securities, collateralized debt obligations, derivative securities and international debt offerings.

The consolidation of the three modern and dynamic banks Egnatia, Laiki and Marfin sets new standards in the Greek banking market with the creation of a new powerful Bank, Marfin Egnatia Bank. The bank is the 95%-owned Greek subsidiary of Marfin Popular Bank. Marfin Egnatia Bank has advanced technological infrastructures, an extended and ever-growing branch network, and highly trained officers to cater for any banking needs and provide innovative products and services to the customers.

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has more than $22.4 trillion in assets under custody and administration and approximately $1.1 trillion in assets under management. Additional information is available at bnymellon.com.

This release is for informational purposes only. The Bank of New York Mellon provides no advice nor recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities. Depositary Receipts: Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or Federal Agency Guarantee.