Opens Dedicated Office in Australia

NEW YORK, April 15, 2008 — Mellon Transition Management Services (MTMS) has announced the appointment of John Venardos as operations manager for Australia. Venardos reports to Christine Carr Smith, president and chief operating officer of the San Francisco-based business.

Venardos will be responsible for providing transition management and implementation solutions to existing clients, as well as developing the business in the region. In this new role, he will work closely with James Gruver, managing director of BNY Mellon Asset Management Australia, and Mark Keleher, chief executive officer of MTMS. Venardos joins MTMS from RBC Dexia Investor Services where he was senior manager, transition and implementation. His 18 years of industry experience includes roles at BNP Paribas Security Services and Commonwealth Custodial Services.

"I am delighted to announce the opening of a dedicated office in Sydney in recognition of the importance we place on the region," said Keleher. "John's arrival will enable us to continue the high levels of service our clients expect and enhance the solutions we provide."

Winner of "Transition Manager of the Year" in the 2008 Global Pensions Magazine Awards, as well as "Best Transition Manager Overall Among Plans Under $3 Billion" in the 2007 Global Investor Awards, MTMS is offered internationally through BNY Mellon Asset Management, the asset management part of The Bank of New York Mellon.

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.