Newton successful in individual award categories

LONDON, 10 March 2009 — BNY Mellon Asset Management received top industry recognition at the 2009 Lipper Fund Awards ceremony held in London last week, winning the highly acclaimed 'Best Overall Group Lipper Award in the UK Equity Large Category'. This award follows hot on the heals of BNY Mellon Asset Management winning the Professional Adviser 2009 'Hot 100 — Best Fund Group' (offering more that 15 retail funds) award in January.

In addition to BNY Mellon Asset Management winning the overall group award, Newton Investment Management also won two individual Lipper Fund Awards categories over a three year period+: Newton Balanced Fund won the Lipper Global Mixed Asset GBP Aggressive Sector and Newton UK Opportunities Fund triumphed in the Lipper Global Equity UK Sector. Both funds have achieved top decile rankings and have each beaten the sector average in their respective IMA sectors*. The Newton Oriental Fund was also awarded the Best Fund over 10 years+ in the Equity Asia Pacific Ex Japan Sector.

This year's Lipper Fund Awards applauded the top performing funds and investment management groups that achieved success in a challenging economic environment and highlighted funds that excelled in delivering consistently strong risk-adjusted performance relative to their peers.

Jeff Munroe, chief investment officer of Newton, added: "I am delighted that Newton continues to be recognised for the results that we have achieved for our clients. Newton's team based investment process has produced strong returns throughout diverse market environments over the last 30 years. Our global themes and strong research focus have enabled us to build effective portfolios for the current challenging environment. Our complete focus is to continue to deliver compelling returns for all of our clients in the years ahead."

Paul Feeney, head of international distribution at BNY Mellon Asset Management, said: "We are delighted to win a second top industry Group award this year. To receive this Lipper Award is a huge achievement as it clearly recognises the consistent performance that we have delivered across our range throughout the difficult markets conditions that have prevailed, particularly over the last year."

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 $20.2 trillion in assets under custody and administration, $928 billion in assets under management, services more than $11 trillion in outstanding debt, and processes global payments averaging $1.8 trillion per day. Additional information is available at www.bnymellon.com.

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 £35 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.

Newton Balanced Fund, Newton UK Opportunities Fund and Newton Oriental Fund are all sub-funds of BNY Mellon Investment Funds, an Investment Company with Variable Capital (ICVC) incorporated in England and Wales under registered number IC27 and authorised by the Financial Services Authority. BNY Mellon Fund Managers Limited (BNYMFM) is the Authorised Corporate Director. BNY Mellon Fund Managers Limited, 160 Queen Victoria Street, London EC4V 4LA. Registered in England No. 1998251 Authorised and regulated by the Financial Services Authority. The investment adviser of the Newton sub-funds is Newton Investment Management Limited (NIM).

* Source: Lipper as at 31/01/09: Total return, including income net of UK tax and annual charges, but excluding initial charge. All figures are in sterling terms. + based on Lipper analysis of performance over this time period. Past performance is not a guide to future performance. All other information source: BNY Mellon Asset Management International Limited as at 31/12/08. This press release is qualified for issuance in the UK only and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorised. Not available or offered to U.S. investors. 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. 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