Newton Balanced Bridge Fund wins Best Balanced Managed Award

LONDON, 16 July, 2008 — Newton Investment Management won a major award at the Investment Week Fund Manager of the Year Awards 2008 with the Newton Balanced Bridge Fund securing best fund in the Balanced Managed sector.

The Balanced Bridge Fund is predominantly weighted toward equities, with the remainder invested in cash, bonds and alternative products such as hedge funds, in order to reduce the overall volatility of the portfolio.

The Fund, which forms part of Newton's specialist portfolio management offering for private clients, is managed by lead manager Caroline Lindsay and alternate manager, Robert Hay who are both part of Newton's Private Investment Management team. The team manages £8.2bn on behalf of wealthy individuals, charities, trusts, personal pensions and smaller pension schemes.

The Investment Week Awards are designed to recognise and reward excellence in the UK investment industry. The judges use a combination of quantitative performance-based screens and qualitative factors to determine the winner.

Mark Rayward, Managing Director of Newton's Private Investment Management said, "Our performance over the last few years has been heavily influenced by Newton's investment themes which included debt and credit, global realignment and the networked world. We are delighted to win this prestigious award which recognises managers who have achieved consistent performance with low volatility."

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 £37 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 $23 trillion in assets under custody and administration, more than $1.1 trillion in assets under management and services $12 trillion in outstanding debt. Additional information is available at www.bnymellon.com.

All information source BNY Mellon Asset Management International Limited as at 31 March 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