JERSEY CITY, N.J., May 28, 2008 — Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation, announced today that it has launched a new and innovative Trust Network for its introducing broker-dealer and independent registered investment advisor (RIA) customers. Trust Network is an open architecture platform that enables Pershing's customers to offer their clients a wide range of trust services and solutions from industry-recognized trust companies.

Pershing's Trust Network offers customers experienced trust administration services from AST Capital Trust Company, Reliance Trust Company, Santa Fe Trust, Inc. and Wilmington Trust, and enables Pershing's customers to perform investment management activities for their clients' trust accounts. The broad array of capabilities offered through the platform includes full trustee services, agent for trustee services and trust reporting. All related assets are held in custody at Pershing. This new solution is available to Pershing's introducing broker-dealer customers through Pershing LLC and RIAs via Pershing's affiliate, Pershing Advisor Solutions LLC.

Jim Crowley, managing director at Pershing, said, "We understand that trusts are among the most important wealth management planning tools that our introducing broker-dealer and RIA customers can offer their clients. This new platform enhances our extensive suite of wealth management solutions and provides our customers with the flexibility to choose the trust administration provider that can best support their strategic business objectives and their clients' needs."

Pershing LLC (member FINRA/NYSE/SIPC) is a leading global provider of financial business solutions to more than 1,150 institutional and retail financial organizations and independent registered investment advisors who collectively represent over five million active investors. Located in 19 offices worldwide, Pershing is committed to delivering dependable operational support, robust trading services, flexible technology, an expansive array of investment solutions, practice management support and service excellence. Pershing is a member of every major U.S. securities exchange and its international affiliates are members of the Deutsche Borse, the Irish Stock Exchange and the London Stock Exchange. Pershing LLC is a subsidiary of The Bank of New York Mellon Corporation. Additional information is available at http://www.pershing.com/.

Pershing Advisor Solutions LLC (member FINRA/SIPC) is an affiliate of Pershing LLC and a leading provider of financial business solutions to independent, fee-based registered investment advisors and dually-registered advisors working in conjunction with many of Pershing LLC's introducing broker-dealer customers. Additional information is available at http://www.pershingadvisorsolutions.com/.

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 $12 trillion in outstanding debt. Additional information is available at bnymellon.com.