LONDON, May 21, 2009 — BNY Mellon Asset Servicing, the global leader in securities servicing, has today announced the CAPS pooled pension funds performance results in the UK for April 2009.

Balanced pooled funds have improved during April 2009 achieving a median return of 6.7%. However, since the start of the year the Balanced pooled funds are still in negative territory with a year to date figure of -1.7%.

Over one, three and five years to April 2009, Balanced pooled funds returned -18.4%, -4.5% p.a. and 4.4% p.a. respectively. Over 10 years to April 2009 these funds have returned 1.4% p.a.

Active UK Equity managers returned 10.1%, net of fees, for the month. This was 0.2% ahead of the return of the FTSE All-Share index. UK Equities also posted a positive return of 0.9% since the start of the year to April 2009. Again this beat the FTSE All-Share index which returned 0.0% in the same period.

• Net median performance against index performance for April 2009 is detailed below (there were not enough funds in the Pan European Equity sector to calculate a median) :

Markets

• All the major equity markets during April posted positive returns, with UK Smaller Companies posting the highest return of 26.5%.
• Other high performing equities for the period were Emerging Market Equities with 12.8%, European ex UK Equity with 11.3% and Pan European Equity with 10.8%.
• In comparison, the weakest equity performances came from Japanese and North American Equities, with returns of 5.8%, and 6.4% respectively.
• The weakest returns were posted by International Bonds with -3.5%, with UK Bonds also posting a negative return of -1.3% during April 2009.
• Cash provided a 0.0% return while Property posted a negative return of -2.0%.

Balanced fund asset distributions

• UK Equity weightings rose by 1.7% in April (when compared to March) to 37.5%, mainly due to relative performance.
• Overseas Equities weightings also rose, with the weighting moving from 38.1% in March to 38.9% in April; an increase of 0.8%.
• UK bonds were stable at 10.6%; however, the weighting of International Bonds fell by -0.4 mainly due to relative performance.
• The largest weighting movement was in Cash with a reduction of 2.1%, 9.7% to 7.6% month on month, which can be largely attributed to manager movements.
• Weightings remained fairly static for Index-Linked Gilts, Overseas Index Linked with Property falling by 0.1%.

Survey size
BNY Mellon Asset Servicing’s Pooled Pension Fund Database covers the largest and most representative sample available to UK pension funds’ trustees. BNY Mellon Asset Servicing currently covers 80 separate asset managers who manage over £331 billion in pooled funds, both balanced and specialist.

Notes to editors
The performance analysis and other information in this (report and/or press release) are based on historical data and are intended for informational purposes only. Past performance is not a guarantee of future performance. This (report and/or press release) does not constitute investment advice, nor is it an offer or recommendation of any security, investment product, service or firm.

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services. BNY Mellon Asset Servicing offers its products and services through The Bank of New York Mellon and other subsidiaries of The Bank of New York Mellon Corporation.

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 a day. Additional information is available at www.bnymellon.com

This press release is issued by The Bank of New York Mellon to members of the financial press and media. All information and figures source The Bank of New York Mellon unless otherwise stated as at March 31, 2009. The Bank of New York Mellon, London Branch, registered in England and Wales with FC005522 and BR000818
Branch office: One Canada Square, London E14 5AL
Authorised and regulated in the UK by the Financial Services Authority.