First Nine Months of 2007 Show 53% Rise Over Last Year

NEW YORK, October 23, 2007 — The Bank of New York Mellon, a global leader in asset management and securities servicing, announced today that American and global depositary receipt (DR) trading value topped $2 trillion for the first time ever. As of September 30, 2007, year-to-date DR trading value reached $2.270 trillion, a 53% increase over the same period last year.

The major U.S. stock exchanges -- the New York Stock Exchange, NASDAQ and the American Stock Exchange -- were the most active markets by a significant margin. A record 53.1 billion U.S.-listed DRs, valued at $1.872 trillion, traded on U.S. exchanges during the first nine months of 2007. Compared with 38.7 billion DRs valued at $1.112 trillion during the first nine months of 2006, this year's numbers represent increases of 37% in trading volume and 68% in trading value.

European-listed DR trading also showed strong growth. The London Stock Exchange reported $318 billion of DRs traded on the International Order Book, the primary trading platform for non-U.S. listed DRs. At the end of September, International Order Book trading value was 45% higher year-on-year.

Over-the-Counter, Rule 144A and other DR markets in the U.S. saw $75 billion of DR trading value during the first nine months of 2007, according to The Bank of New York Mellon estimates.

Continuing recent trends, DR programs from emerging market issuers were among the most active. During the first nine months of 2007, eight DR issuers saw more than $50 billion in trading, and six were from emerging markets. China's Baidu.com was the world's most active, with DR trading value of more than $98 billion on NASDAQ. Brazil's CVRD and Petrobras, as well as Mexico's America Movil, were among the New York Stock Exchange's most active DRs. London Stock Exchange-listed Gazprom and Lukoil from Russia were also among the top eight DRs.

The Bank of New York Mellon's Depositary Receipt business is conducted through The Bank of New York subsidiary, which acts as depositary for more than 1,270 American and global depositary receipt programs, acting in partnership with leading companies from 60 countries. With an unrivalled commitment to helping securities issuers succeed in the world's rapidly evolving financial markets, the Company delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services. Additional information is available at http://www.adrbny.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 $1.1 trillion in assets under management and services $11 trillion in outstanding debt. Additional information is available at bnymellon.com.

This information and data is provided for general informational purposes only. The Bank of New York Mellon does not warrant or guarantee the accuracy or completeness of, nor undertake to update or amend this information or data. We provide no advice nor recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.