LONDON, November 12, 2007 — Newton Investment Management Limited, a UK asset management subsidiary of The Bank of New York Mellon, has retained its number one position as the largest segregated charity manager in the UK with £3.88 billion* in assets under management, according to the 2007 Annual Charity Fund Management Survey compiled by Charity Finance Magazine.

The sole focus of Newton's Charities and Specialist Institutions Team is to offer discretionary managed services customised to clients' objectives and requirements. The team comprises eleven experienced charity fund managers and a specialist client services team of seven at its London headquarters and further specialists in Leeds and Edinburgh. They manage a variety of mandates including growth, balanced and income, and use a range of asset classes including UK and overseas equities, bonds, property funds and alternative assets. Additionally, a bespoke service for charities with an ethical investment policy is offered.

Commenting on Newton's top league table position, Jamie Korner, Director of Newton Charities, said: "We are thrilled to be recognised for the second time as the largest segregated UK charity manager, a position that we have achieved through focusing on maintaining the performance and service standards expected of a boutique asset manager. Increased investment in our Edinburgh, London and Leeds offices has ensured idea sharing throughout the regions in order to maximise on Newton's global thematic investment approach.

"Our ranking in this survey demonstrates that our approach continues to be valued by charity investors. We consider this a reflection of the strength of our specialist team and our continued commitment to providing first class service to our clients."

Newton Investment Management Limited is a London-based UK asset management subsidiary of The Bank of New York Mellon Corporation. With assets under management of more than 38 billion, the company provides a broad range of award-winning investment products and services to individuals, pension funds, charities and corporations. Newton has offices in London, Edinburgh, Leeds and Jersey. 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 $20 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.

Source: *Newton as of 30 September 2007 and includes over £4 billion AUM including unitised charity funds. All information and figures source Newton unless otherwise stated as at 30 September 2007. This press release is issued by Newton Investment Management Limited to members of the financial press and media and the information contained herein should not be construed as investment advice. Past Performance is not a guide to future performance. Registered office: Mellon Financial Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1371973. Authorised and regulated by the Financial Services Authority.
A Bank of New York Mellon Company^SM