NEW YORK, July 10, 2007 — 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 August 3, 2007, to holders of record as of the close of business on July 25, 2007.

The Bank of New York Company, Inc. and Mellon Financial Corporation completed their merger on July 1, 2007. Both companies paid a dividend of 22 cents per share in the second quarter of 2007.

The Bank of New York Mellon Corporation (NYSE: BK) is a global financial services company focused on helping clients move and manage 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 and wealth management, asset servicing, issuer services, and treasury services through a worldwide client-focused team. It has more than $18 trillion in assets under custody and administration and $1 trillion in assets under management, and it services more than $11 trillion in outstanding debt. Additional information is available at www.bnymellon.com.