LONDON, 24 April 2008 — Newton's Private Investment Management division last night won a major award at the Investors Chronicle and Financial Times Wealth Management Awards for Best Cautious Fund Manager.

The funds entered are ranked purely on their investment performance. Newton's winning fund forms part of its specialist portfolio management offering for private clients and utilizes Newton's distinctive thematic investment approach. The strategy is designed with various risk/return profiles and provides diversification both geographically and across asset classes.

Commenting on Newton's success, Mark Rayward, Managing Director of Newton's Private Investment Management division, said: "This award is a testament to Newton's global thematic investment process, which has proven to be a successful driver of performance for our clients over the long and short term."

The award for Best Cautious Fund Manager is for the fund or portfolio delivering the best returns while maintaining a low risk approach and with less than 50 per cent invested in equities.

Newton Private Investment Management manages £7.9 billion on behalf of private clients and charities.

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