NEW YORK, October 24, 2007 — The Bank of New York Mellon, the global leader in asset management and securities servicing, has been selected by Goldman Sachs Japan Co., Ltd (Goldman Sachs) and Sumitomo Mitsui Banking Corporation (SMBC) to serve as collateral agent for the first domestic Japanese Government Bond (JGB) tri-party repurchase agreements in Japan. This is the first time two Japan-based companies have utilized the tri-party structure to complete domestic JGB repurchase agreements.

This new mandate spotlights a service used extensively by The Bank of New York Mellon's customers based outside of Japan to support the financing of a wide range of collateralized transactions, including stock loans, derivative transactions, and equity and fixed income repos, including foreign-held JGBs.

Acting in its role as intermediary between Goldman Sachs, as lender of securities, and SMBC, as borrower, The Bank of New York Mellon maintains cash and securities accounts, verifies collateral eligibility, marks to market securities pledged as collateral, processes income and provides daily reporting to both parties.

"We expect rapid growth in the tri-party collateral management arena in Japan, as broker-dealers and investors increasingly recognize the economic and risk management benefits of the tri-party structure. As our business grows, we will continue to expand our team of local experts to develop solutions for our clients' evolving needs," said Art Certosimo, executive vice president and head of broker-dealer services at The Bank of New York Mellon. "We are gratified to be among pioneers Goldman Sachs and SMBC as we help develop and expand the Japanese tri-party marketplace."

The Bank of New York Mellon is the leading provider of tri-party collateral management services, servicing more than $1.5 trillion in tri-party balances worldwide. The company has been conducting business in Japan for more than 30 years and the Asia-Pacific region for more than 50 years. The company has 13 offices in 11 countries in the region.

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 http://www.bnymellon.com/.