JERSEY CITY, N.J., October 11, 2007 — Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation, today announced that its introducing broker-dealer customers and their investment professionals can now access its NetExchange Pro® online account management platform through the Safari web browser on the Apple® iPhone™.

Pershing's NetExchange Pro online account management platform is utilized by over 90,000 investment professionals and provides access to a wide array of financial products, services and tools. Using the Safari web browser on the Apple iPhone, investment professionals can now view their clients' account, balance information and investment holdings with the same level of security and encryption that they experience through Pershing's other products and solutions. Investment professionals can also access commission summaries and view the day's best and worst performing equities.

Suresh Kumar, chief information officer of Pershing, said, "Investment professionals are continuously exploring new ways to access their clients' critical business information in a more flexible manner. The availability of NetExchange Pro on iPhone provides our customers with an efficient, secure and expedient way to monitor their clients' investment portfolios and stay abreast of the markets."

Pershing LLC is a leading global provider of financial business solutions to more than 1,150 institutional and retail financial organizations and independent registered investment advisors who collectively represent over five million active investors. Financial organizations, investment professionals and independent registered investment advisors depend on Pershing's depth of experience and consultative approach to provide them with forward-thinking solutions that help them to grow their businesses. Located in 19 offices worldwide, Pershing is committed to service excellence and to providing dependable operational support, robust trading services, flexible technology, an expansive array of investment solutions and practice management support. Pershing (member FINRA/NYSE/SIPC) is a member of every major U.S. securities exchange and its international affiliates are members of the Deutsche Borse, the Irish Stock Exchange and the London Stock Exchange. Pershing LLC is a subsidiary of The Bank of New York Mellon Corporation. Additional information is available at http://www.pershing.com/.

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/.