PITTSBURGH, March 4, 2008 — The Bank of New York Mellon is planning to add at least 60 new positions in its BNY Mellon Wealth Management operations area in Pittsburgh this year. These positions are in information security, which manages and protects personal data for the business line's private client relationships, and general wealth management operations which oversees control of investment vehicles, accounting, performance measurement and reporting. These new positions will bring BNY Mellon Wealth Management's total Pittsburgh workforce to about 600.

"We are pleased that the continued growth of several of our key businesses provides the opportunity to deliver on our promise of increasing our local staffing and brings new jobs to the Pittsburgh region," said Robert P. Kelly, chief executive officer of The Bank of New York Mellon. "This latest announcement reinforces our long-term commitment to continue expanding our presence in the Pittsburgh area, bringing to about 620 the number of new positions we have announced in just over a year." At the end of 2007, the Company employed nearly 6,400 in the region, up from just under 6,100 at the start of 2007.

The Bank of New York Mellon has said that an estimated 1,000-2,000 new jobs will be created in the Pittsburgh area as a result of the merger between Mellon Financial Corporation and The Bank of New York. Previous announcements include approximately 210 positions within BNY Mellon Shareowner Services moving from Jersey City to Pittsburgh, some 200 positions created at the Company's data center northeast of Pittsburgh as part of a $70 million expansion project and 150 new Corporate Trust positions added to the Pittsburgh office.

BNY Mellon Wealth Management is among the nation's leading wealth managers, with more than two centuries of experience in providing investment management, wealth and estate planning, and private banking and finance services to financially successful individuals and families, their family offices and business enterprises, charitable gift programs, and endowments and foundations. It ranks as one of the top 10 US wealth managers with approximately $170 billion in private client assets and an expansive network of more than 80 offices globally. BNY Mellon Wealth Management products and services are provided by subsidiary banks and trust companies of The Bank of New York Mellon Corporation.

The Bank of New York Mellon Corporation (NYSE: BK) 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 more than $23 trillion in assets under custody and administration and more than $1.1 trillion in assets under management. Additional information is available at bnymellon.com.