LONDON, October 9, 2007 — The Bank of New York Mellon Corporation has been appointed by Banco Popular Espanol, the third largest banking group in Spain, as global custodian for assets totalling $2 billion.

Rafael Duarte, director and head of global financial institutions, Banco Popular Espanol, said: "We appointed The Bank of New York Mellon as it was able to devise and implement a service completely tailored to our needs. Its systems enable us to access global reporting across our international custody and fund of funds participations using the same reporting tool, reducing costs and streamlining our operations considerably."

Ana Sancho, The Bank of New York Mellon, said: "This win underscores our commitment to providing the client with the highest level of service through sophisticated systems. Our European custody model is strong and we look forward to extending further our relationship with Banco Popular Espanol in years to come."

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialised asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services. BNY Mellon Asset Servicing provides services through The Bank of New York, Mellon Bank, N.A. and other related companies.

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 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, clearing services and treasury services through a worldwide client-focused team. It has more than $20 trillion in assets under custody and administration, more than $1 trillion in assets under management and services $11 trillion in outstanding debt. Additional information is available at http://www.bnymellon.com/.