LONDON, March 4, 2009 — BNY Mellon Asset Servicing, the global leader in securities servicing, has been ranked #1 overall in five categories - a feat matched by only one other provider - and ahead of its peer group* in a further seven categories in the latest annual R&M Survey of custody clients and fund managers.

BNY Mellon was ranked #1 overall in the following categories:

• The Experts (respondents using five or more custodians)
• USA
• UK Asset Owners
• USA Asset Owners
• USA Asset Managers

It also finished in the overall Top Three and #1 within its peer group in these categories:

• North America (#2)
• Banks (#2)
• UK (#3)

The company was also #1 within its peer group in these additional categories:

• Overall
• Europe
• Asset Owners
• Asset Managers

[*Peer group: State Street, JPMorgan, Northern Trust, Citigroup]

The company elicited the second highest number of client responses (121), compared to a median of 65 responses across other providers.

Sample BNY Mellon client comments included:

• "We have an established relationship and our custodian always considers our needs and contacts us with any enhancement that would be of value to us"
• "Very professional and thoughtful in their approach"
• "BNY Mellon has been very effective, especially in managing the risk to collateral cover for loaned securities"
• "We have been consistently updated and reassured"

Richard Hogsflesh, Managing Director, R&M Surveys, said: "BNY Mellon has demonstrated a high degree of consistency in some of the toughest market conditions ever seen, as reported by the toughest critics, the global fund manager community. To come top of the 'Experts' table is a very significant achievement."

The R&M Survey results follow BNY Mellon's strong showing in Global Custodian magazine's 2008 Global Custody Survey — published in January — in which BNY Mellon Asset Servicing received the highest number of 'Top-Rated' recognitions (eight) and 'Best in Class' awards (142) out of all surveyed firms.

Jim Palermo, co-CEO of BNY Mellon Asset Servicing, said: "We'd like to thank our clients for their continued support and for this latest vote of confidence in our organisation. Our success in this prestigious survey underlines the strengths of our offering and shows that our continued focus on quality and service excellence has once more been recognised by the market. The R&M results are testament to the dedication of everyone working within our Asset Servicing business during what remain very testing times for our entire industry.

"It is during difficult times that, as a custodian, we have the opportunity to shine. We can assure our clients that as their trusted partner we will stand beside them and help them navigate through these turbulent market conditions. As an extremely well-capitalised and liquid company, we are ideally placed to offer institutional investors a safe port in the storm. We remain fully committed to the asset servicing business and to the continued reinvestment in technology and intellectual capital that ensures our clients have access to the broad range of innovative and flexible solutions that they need today more than ever."

The R&M Survey is based on feedback from investment managers, pension funds and other institutional global custody clients. The 2009 survey collected 845 responses worldwide, of which 764 were qualifying. Participants were asked to rate global custody providers across a range of service categories. Scores in each of these categories were then combined to produce an overall ranking.

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 offers its products and services through The Bank of New York Mellon and other subsidiaries of The Bank of New York Mellon Corporation.

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 34 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 $20.2 trillion in assets under custody and administration, $928 billion in assets under management, services more than $11 trillion in outstanding debt, and processes global payments averaging $1.8 trillion per day. Additional information is available at www.bnymellon.com.