AMSTERDAM, July 25, 2008 — BNY Mellon Asset Servicing, the global leader in securities servicing, has been appointed by APG Investments to provide derivative and complex products solutions for the managed Global Tactical Asset Allocation portfolios ("GTAA") valued initially at EUR 3 billion.

BNY Mellon Asset Servicing has a distinctive offering in the industry with its fully integrated solution for derivative and complex products which includes trade capture, reconciliation, accounting, custody and daily NAV and exposure reporting. The mandate also included customised co-sourcing of activities and products of their managed portfolios in the esoteric product environment.

APG tested the institutional process controls of the platform which included on-ground personnel in APG's head office in Heerlen, Netherlands in a pilot program for a number of months before awarding the mandate to BNY Mellon Asset Servicing.

"We have partnered BNY Mellon for traditional investments and global custody services for a number of years and have always been impressed with their high quality service and flexible approach to our partnership," said Ruud Gilissen, Director of Investment & Information services for APG Investments. "Their intuitive understanding of our business and ability to share knowledge in the accounting and valuation of more complex OTC derivatives, along with the expertise and enthusiasm of the BNY Mellon team, made them the natural choice when it came to selecting them as our partner in this venture."

Nadine Chakar, executive vice president and head of EMEA at BNY Mellon Asset Servicing, said: "We are honoured that APG has chosen us as its trusted partner in the processing in the derivative and complex products arena. This appointment confirms our position as the leading provider of integrated asset servicing solutions to the institutional fund sector, and underlines our commitment to product innovation and a highly consultative approach to providing such solutions within Europe, and indeed globally."

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 $11 trillion in outstanding debt. Additional information is available at bnymellon.com.