Appoints two highly experienced investment research analysts

LONDON, 11 November 2008 — Newton Investment Management Limited, part of BNY Mellon Asset Management, has today announced the appointment of two senior investment research analysts — Amanda Young and Laura Aarnio.

Reporting to Campbell Watterson, Leader Investment Process, Amanda Young will be responsible for assisting Newton in researching and engaging with companies on SRI issues in her capacity as SRI Officer. As well as working closely with Amanda Young, Laura Aarnio will be actively involved in corporate governance issues.

Amanda Young and Laura Aarnio both bring a wealth of SRI and corporate governance experience to Newton:

Amanda Young has worked in the City for over 10 years. Having started her research career at Rabobank International in 1998, Mrs Young then spent over seven years at CCLA Investment Management overseeing a number of roles as a Senior Socially Responsible Investment Analyst. These included providing company and sector analysis and research on environment, social and governance issues; managing positive and negative SRI criteria for specialist church and charity clients; thematic research; integration of SRI issues into main stream investment management process; and the development of Responsible Investment policy for CCLA's charity clients.

Laura Aarnio joins from PIRC London where, for the last three years, she has been actively working as a corporate governance and SRI analyst with responsibility for providing voting advice and contributing to the development of PIRC's voting policy and guidelines. More recently, Laura Aarnio was actively involved with delivering consultancy and engagement services on a wide range of environmental, social and governance issues to institutional investors.

Campbell Watterson, comments: "We are delighted that Laura and Amanda have agreed to join our team. At Newton we take our SRI and Corporate Governance responsibilities very seriously and are committed to delivering the highest industry standards to our clients. The wealth and breadth of experience that both Laura and Amanda bring to the company will be invaluable as we focus on maintaining these standards."

Newton Investment Management Limited is a London-based global asset management subsidiary of The Bank of New York Mellon Corporation and part of BNY Mellon Asset Management. With assets under management of more than £34.6 billion, the company provides a broad range of award-winning investment products and services to individuals, pension funds, charities and corporations. News and other information about Newton is available at www.newton.co.uk.

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 $22.4 trillion in assets under custody and administration, approximately $1.1 trillion in assets under management and services approximately $12 trillion in outstanding debt. Additional information is available at www.bnymellon.com.

All information source BNY Mellon Asset Management International Limited as at 30 September 2008. This press release is issued by BNY Mellon Asset Management International Limited to members of the financial press and media and the information contained herein should not be construed as investment advice. Not available or offered to U.S. investors. Past performance is not a guide to future performance. Registered office: The Bank of New York Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorised and regulated by the Financial Services Authority
A Bank of New York Mellon Company^SM