NEW YORK, June 16, 2008 — The Bank of New York Mellon (NYSE: BK), the global leader in asset management and securities servicing, has been selected by Goldman Sachs International, Ltd and Rabobank to serve as collateral agent for the first domestic Korean Equity tri-party financing trade. This is believed to be the first time the tri-party structure has been used to complete a Korean equity financing.

This new mandate spotlights a service used extensively by The Bank of New York Mellon's clients outside of Korea to support the financing of a wide range of collateralized transactions, including stock loans, derivative transactions, and equity and fixed income repos, including Korean securities.

Acting in its role as intermediary between Goldman Sachs, as lender of securities, and Rabobank, as borrower, The Bank of New York Mellon maintains cash and securities accounts, verifies collateral eligibility, marks to market securities pledged as collateral, processes income and provides daily reporting to both parties.

"As the local Asian capital markets continue to evolve, we will collaborate with our clients and industry leaders such as Goldman Sachs and Rabobank to offer innovative securities services," said Art Certosimo, executive vice president and head of Broker-Dealer and Alternative Investment Services at The Bank of New York Mellon. "Broker-dealers and investors around the world recognize the economic and risk management benefits of the tri-party structure, as well as the benefits of utilizing the local expertise and execution capabilities of our firm."

The Bank of New York Mellon is the leading provider of tri-party collateral management services, servicing more than $1.7 trillion in tri-party balances worldwide. The company, which has been conducting business in the Asia-Pacific region for more than 50 years, has 13 offices in 11 countries in the region.

Goldman Sachs is a global investment banking, securities and investment management providing a wide range of services to a substantial and diversified client base that includes corporations, institutional investors, governments, non-profit organizations and high-net-worth individuals. It is headquartered in New York and maintains significant offices in London, Frankfurt, Tokyo, Hong Kong and other financial centers around the world.

The Rabobank Group is AAA-rated, full-range financial services provider and a leading food and agri bank with international operations. Rabobank is the 25th largest bank worldwide in terms of total assets (EUR 570.5 billion in 2007). Headquartered in Utrecht, the Netherlands, the bank's corporate, wholesale and retail banking businesses provide professional excellence, global financial markets experience and an extensive range of financial products and services to over 9 million private and business customers globally.

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.