50 Jobs to be Added by End of 2008

CHICAGO, October 10, 2007 — The Bank of New York Mellon, the global leader in asset management and securities servicing, will add 50 new employees to its office at 2 North LaSalle Street in Chicago to support its rapidly growing global corporate trust business. This expansion will bring the total number of employees in the office to 200 by the end of 2008.

Karen B. Peetz, senior executive vice president of The Bank of New York Mellon and head of the Global Corporate Trust business, said, "The expansion of our office in Chicago reflects strong global growth in our corporate trust business and demonstrates our strategic focus on delivering superior client service. It will help us accommodate future growth and provide excellent career opportunities for our employees."

In addition to Chicago, the company recently announced it will expand its office in Pittsburgh to support its corporate trust business, where it expects to add 150 new employees by the end of 2008.

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 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/.