LONDON, August 16, 2007 — The Bank of New York Mellon Corporation, a global leader in asset servicing and asset management, has further expanded its operations in India with the opening of a second office in Pune.

Mellon India Private Limited, a subsidiary of The Bank of New York Mellon Corporation, was established as a "captive" operations centre in December 2004, to provide world class support and services to the company's global businesses.

Following two years of rapid growth, Mellon India now employs over 620 well-trained permanent staff (at July 2007) performing a wide-range of financial services processes for The Bank of New York Mellon's asset servicing, asset management, wealth management and other global businesses. All employees are based in Magarpatta City, Pune, giving the company a significant presence in one of the world's most rapidly growing market areas. The Bank of New York Mellon expects its Pune operations to expand to employ more than 1,300 staff over the next three years.

Sheena Wilson, CEO of Mellon India, comments: "The opening of our additional facility immediately doubles our potential capacity in Pune. This is an important milestone for The Bank of New York Mellon and clear evidence of our commitment to developing our presence in India, which looking forward continues to be an extremely important market for the company. I could not be more proud of the team and the infrastructure we have established in Pune, and we are very excited about the future."

The Bank of New York Company, Inc. and Mellon Financial Corporation completed their merger on 2 July 2007 to create The Bank of New York Mellon Corporation. The company ranks as one of the largest global asset managers with more than $1 trillion in assets under management and is the world's leading asset servicer with more than $20 trillion in assets under custody and administration.

Commenting on the new merged group, Wilson adds: "With exceptional service and performance as the hallmarks of our new company, we will continue to foster a culture in India that rewards our people for their relentless client focus, teamwork and execution."

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and move their financial assets, operating in 37 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 and treasury services through a worldwide client-focused team. It has more than $20 trillion in assets under custody and administration and more than $1 trillion in assets under management. Additional information is available at www.bnymellon.com.