NEW YORK, October 14, 2008 — The Bank of New York Mellon Corporation today announced that its Board of Directors declared a quarterly dividend of 24 cents per share on the outstanding shares of the Company's common stock. The dividend is payable on November 3, 2008 to holders of record as of the close of business on October 24, 2008.

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.