NEW YORK, May 5, 2009 — The Bank of New York Mellon Corporation , the global leader in asset management and securities servicing, announced today it has completed the sale of a $1.5 billion non-guaranteed senior debt offering comprised of $1 billion of 5-year notes and $500 million of 10-year notes.

Proceeds from the offering will be used for general corporate purposes, which may include, subject to regulatory approval, the partial funding of the redemption of the company's preferred stock and repurchase of the warrant issued to the U.S. Treasury as part of the Troubled Asset Relief Program (TARP).

"We are pleased with the strong investor demand for and favorable pricing of this debt offering given the current market environment. It reflects the strength of our balance sheet and global leadership positions in each of our businesses. We plan to use the proceeds for general corporate purposes, including, with the permission of our regulators, to help repay the government's investment in our company," said Thomas P. Gibbons, chief financial officer of The Bank of New York Mellon.

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 $19.5 trillion in assets under custody and administration, $881 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.

The information presented in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, which may be expressed in a variety of ways, including the use of future or present tense language, relate to, among other things, the Company's business and its expectations with respect to the repayment of the TARP investment. These statements are based upon current beliefs and expectations and are subject to significant risks and uncertainties (some of which are beyond the Company's control). Factors that could cause the Company's results to differ materially can be found in the risk factors set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2008 and the Company's other filings with the Securities and Exchange Commission.