150 Jobs to be Added by End of 2008

PITTSBURGH, September 25, 2007 — The Bank of New York Mellon, the global leader in asset management and securities servicing, will expand and relocate its Corporate Trust office in downtown Pittsburgh. In order to support this rapidly growing business, approximately 150 new positions will be added by the end of 2008 in the Pittsburgh office, currently located in One Oxford Center and scheduled to begin relocating to Three Mellon Center during the fourth quarter of 2007.

"The expansion of this office reflects the strong global growth we are experiencing in our corporate trust business and demonstrates to current and prospective clients that we will maintain our strategic focus on delivering the highest quality service possible," said Robert P. Kelly, chief executive officer of The Bank of New York Mellon.

The Bank of New York Mellon has said that an estimated 1,000-2,000 new jobs will be created in the Pittsburgh area as a result of the recent merger. Earlier this year, it was announced that approximately 210 positions within BNY Mellon Shareowner Services would be moved from Jersey City to Pittsburgh during this year and that as early as next year, the first of up to 200 positions will start being added to the Corporation's data center northeast of Pittsburgh as part of a $70 million expansion project.

"This initiative highlights our long-term commitment to significantly growing our presence in the Pittsburgh area, bringing to more than 500 the number of new positions we have announced in less than a year," Kelly said.

Last year, The Bank of New York Mellon acquired JPMorgan Chase's corporate trust business, making it the leading provider of corporate trust services worldwide. 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 principal and interest 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 $11 trillion in outstanding debt from 54 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 Bank of New York Mellon's corporate trust and agency services are delivered through The Bank of New York subsidiary.

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and move their financial assets, operating in 37 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 and treasury services through a worldwide client-focused team. It has more than $20 trillion in assets under custody and administration and more than $1 trillion in assets under management. Additional information is available at http://www.bnymellon.com/.