NEW YORK, September 17, 2008 — The Bank of New York Mellon said today that because of its fiduciary role as a corporate trustee for Lehman debt issues, the company is on the seven-member creditors committee in Lehman's bankruptcy proceedings. The company has no outstanding loans to Lehman.

A corporate trustee facilitates the payment of interest and principal between the issuer of debt and investors, as well as providing other fiduciary services. The company will represent the interests of certain bondholders on the creditors committee.

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.