LONDON, March 5, 2008 — BNY Mellon Asset Servicing, the global leader in securities servicing, has been awarded a full administration mandate by Delaware Investments for its offshore UCITS III fund complex, Delaware Investments Global Funds plc. Domiciled in Dublin, Delaware Investments Global Funds plc has launched five sub-funds since December.

Following a rigorous selection procedure of European providers, BNY Mellon Asset Servicing has been appointed to be providing fund administration, custody and trustee services to Delaware Investments Global Funds plc. The five equity sub-funds, which invest respectively in US Large Cap Growth, US Large Cap Value, Global Real Estate, Emerging Markets and Global Value, will initial target the private banking and fund of fund marketplace.

BNY Mellon Asset Servicing has acted as Delaware's asset servicing provider since 2000 providing primarily custody services, but additionally securities lending, foreign exchange, cash management and client reporting services.

"We have a long-standing relationship with Mellon in the U.S. and have been very impressed with the excellent service the team have delivered," said Chris McCarthy, co-head of sub-advisory sales and services at Delaware Investments. "After a thorough review of the market, we decided that BNY Mellon Asset Servicing was best-placed to partner our offshore debut due to their strong track record and understanding of the complex requirements in administering funds domiciled in Dublin."

"We are honoured to partner with Delaware Investments in launching this new UCITS III fund based in Dublin," said Harley Murphy, head of offshore management at BNY Mellon Asset Servicing. "Our appointment shows that we have the people and expertise all around the world to meet client's different needs. Ireland remains a key area of focus for BNY Mellon Asset Servicing, and we will continue to grow our capability and presence in this jurisdiction to ensure we remain a leading provider of customised solutions to our rapidly growing client base."

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 provides services through The Bank of New York, Mellon Bank, N.A. and other related companies.

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 more than $23 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.