BNY Mellon Asset Servicing Exceeds $150 Billion in Offshore Money Market Fund Assets Under Administration and Custody

LONDON, August 14, 2007 — BNY Mellon Asset Servicing, the global leader in asset servicing, has announced that the company has passed the $150 billion milestone in offshore money market fund assets under administration and custody.

Administered across BNY Mellon Asset Servicing's Irish servicing centres in Dublin and Cork, the company has a total of $160 billion in offshore money market fund structures domiciled in Ireland on behalf of 51 funds and 15 of the world's leading money managers.

"This represents a significant milestone for us," said Robert Darmanin, executive vice president at BNY Mellon Asset Servicing and head of European sales. "Our first ever client way back in 1995 was a money market fund client, and we have worked very hard to remain at the forefront in providing world class servicing for this asset class. We are delighted that we remain a provider of strength in this space."

Harley Murphy, head of offshore administration at BNY Mellon Asset Servicing in Dublin, added: "The investment in people, systems and infrastructure over the past few years is now reflected in the quality of our product offering which matches the best available in the offshore market. This fact has enabled us to secure some of the most highly sought after money market mandates."

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialised asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services. BNY Mellon Asset Servicing provides services through The Bank of New York, Mellon Bank, N.A. and other related companies.

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