LONDON, March 10, 2008 — BNY Mellon Asset Servicing B.V. has been appointed by the O2 Pension Plan (O2) to provide global custody, investment accounting, cash management, securities lending and performance measurement services for assets valued at EUR 1 billion.

This was the first time O2 had looked to independently appoint a global custodian, having previously utilised its investment managers to meet its custody needs. Following discussions with KPMG Investment Advisory, O2's consultants, and a due diligence presentation to the Plan in September 2007, BNY Mellon was confirmed as O2's new global custodian.

James Kirkland, Group Pensions Manager for the Plan, said: "We had been advised by KPMG of BNY Mellon's comprehensive offering and its sophisticated, flexible technology solutions. Those capabilities, along with the expertise and enthusiasm of the BNY Mellon team, were deciding factors when it came to selecting BNY Mellon as our new custodian."

Nadine Chakar, Head of EMEA, BNY Mellon Asset Servicing, said: "I am delighted that O2 has chosen us as its trusted custodian partner. This appointment confirms our position as the leading provider of asset servicing solutions to the UK pension fund sector, and underlines our commitment to product innovation and a highly consultative approach to asset servicing within Europe, and indeed globally."

A fully owned subsidiary of The Bank of New York Mellon Corporation, BNY Mellon Asset Servicing B.V is a Dutch bank headquartered in Amsterdam and regulated by De Nederlandsche Bank.

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.