LONDON, July 28, 2008 — Pershing Limited, an affiliate of Pershing LLC and a subsidiary of The Bank of New York Mellon Corporation, announced today that it has added mutual funds from BlackRock, HSBC Global Asset Management (UK) Limited, Rathbone Unit Trust Limited and Sarasin Investment Funds Limited to its Nexus Funds solution.

Nexus Funds is a straight-through processing, no-fee mutual fund solution that is fully integrated with the Pershing Nexus® platform. Dealing and settlement fees and custody fees on new assets are waived for eligible deals in UK-registered funds that utilise the solution. These deals also benefit from guaranteed contractual settlement and consolidated trailer fee payments, ensuring predictable settlement dates and streamlining clients' administration and payment processes.

Pershing's Nexus platform provides private client wealth managers, life companies, building societies and independent financial advisers with a single access point to buy and sell a variety of global funds and all major financial instruments, including equities, fixed income and foreign exchange.

Charles van der Merwe, chief executive officer of Pershing Limited, said, "The addition of these four highly regarded fund managers reflects our continued commitment to provide our clients with cost-effective access to many of the UK's leading mutual funds to help them grow their businesses. More than 700 funds are now available through Nexus Funds and we look forward to further expanding our offering."

Pershing Limited provides broker-dealers, asset managers, intermediary firms and financial institutions across Europe with a comprehensive range of products, services and solutions including retail clearing, fully disclosed institutional global clearing, broker services and execution services. Established in London in 1987, Pershing Limited and its subsidiary, Pershing Securities Limited, are members of the London Stock Exchange and Euroclear UK & Ireland. Pershing Limited has direct memberships with LCH.Clearnet and SWX Europe. Pershing Securities Limited is a member of Deutsche Borse, Eurex Clearing and Clearstream. Pershing Limited is an affiliate of Pershing LLC, a leading global provider of financial business solutions to more than 1,150 institutional and retail financial organisations and independent investment advisers who collectively represent over five million active investors. Pershing LLC (member FINRA/NYSE/SIPC) is a member of every major U.S. securities exchange, and a subsidiary of The Bank of New York Mellon Corporation. Additional information is available at http://www.pershing.co.uk/.

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 http://www.bnymellon.com/.