LONDON, November 8, 2007 — Newton Investment Management Limited, a UK asset management subsidiary of The Bank of New York Mellon, has appointed Sally Springer to its global research team. She reports to Simon Pryke, Leader, Global Research at Newton.

Working in conjunction with Newton's global research team, Springer will lead on investment ideas within the Consumer sector. Prior to joining Newton, she spent seven years at Insight Investment Management where most recently she was Director, UK Equities, with responsibility for all consumer stocks.

Commenting on the new appointment, Simon Pryke said: "Sally's experience and sound knowledge of the consumer goods sector will be highly complimentary to the Global Research team — we are delighted she has chosen to join Newton."

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 37 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.

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