LONDON, December 8, 2010 — BNY Mellon, the global leader in asset management and securities servicing, has been appointed fiscal agent, principal paying agent, exchange agent, transfer agent, registrar and calculation agent on a new global medium term note programme established by IPIC GMTN Limited (an exempt company incorporated with limited liability under the law of the Cayman Islands).

Issuances under the programme are unconditionally and irrevocably guaranteed by International Petroleum Investment Company P.J.S.C. The inaugural issuance was for $1,000,000,000 3.125% notes due 2015 and $1,500,000,000 5.00% notes due 2020.

As fiscal and paying agent, BNY Mellon will make interest and principal payments to investors on behalf of IPIC GMTN Limited and handle other administrative duties related to the issuance of the notes.

"The successful inaugural issuance of the IPIC notes is a clear sign of investor confidence in the Abu Dhabi economy and in its strategic vision", said Giambattista Atzeni, Middle East and North Africa Business Manager for BNY Mellon Corporate Trust. "Bond markets in the region are broadly recovering and we have seen a material improvement in spreads in recent weeks specifically for sovereigns issuers and entities explicitly guaranteed by them."

"BNY Mellon's heritage of serving clients in the Middle East and Africa spans 100 years and today we are proud to add a strategic player such as IPIC among our Corporate Trust clients in the Emirate of Abu Dhabi," said Tarek Elrefai, Head of global client management for Middle East and Africa at BNY Mellon. "We are committed to servicing the growing needs of issuers across Middle East, and this new mandate illustrates the market's trust in our global capabilities and expertise."

BNY Mellon Corporate Trust services $12 trillion in outstanding debt from 61 locations in 20 countries. Its clients include governments and their agencies, multinational corporations, financial institutions and other entities that access the global debt capital markets. The corporate trust business utilizes its global footprint and expertise to deliver a full range of issuer and related investor services and develop customized and market-driven solutions. Its range of core services includes debt trustee, paying agency, escrow and other fiduciary offerings. Corporate trust providers are appointed by corporations, governments and other entities issuing debt to perform a variety of duties, including servicing and maintaining the debt issue, processing principal and interest payments for investors, representing investors in defaults, and providing value-added services for complex debt structures.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon 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 $24.4 trillion in assets under custody and administration and $1.14 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com.