Refinements Respond to Marked Changes in the Options Exchange Program Landscape

JERSEY CITY, N.J., May 27, 2009 — BNY Mellon Shareowner Services today announced the introduction of a series of enhancements to its stock options exchange program solutions offering that reflect changing conditions in the options exchange program environment.

Focused on global election support — notably the expansion of multi-lingual services — the enhancements respond to key options exchange program performance requirements: robust record keeping and accounting for existing options; experienced consultative support to help ensure that the form of consideration being exchanged for existing options is well suited to the company and its employees; assistance with securing shareholder approvals; strong global employee communication capabilities; and sophisticated processing systems and platforms for use in providing information to employees and quickly and efficiently carrying out their elections.

Designed to restore the incentive aspect of stock options plans during difficult economic periods, options exchange programs serve the same basic purpose today that they did when they debuted during the dot-com downturn nearly a decade ago. But the backgrounds of companies currently considering options exchange programs often are much different. More varied in terms of industry classification, they also tend to employ much larger, more diverse and more global workforces. "Reinforcing the global scope of our time-tested solutions, the refinements we've introduced are helping a new generation of clients move underwater options programs to higher ground," said Samir Pandiri, chief executive officer of BNY Mellon Shareowner Services.

Among the largest providers of stock transfer services in the U.S., BNY Mellon Shareowner Services offers a comprehensive suite of products and services ranging from corporate action record keeping to demutualizations, direct investment, dividend reinvestment, proxy solicitation and employee stock plan administration. BNY Mellon Shareowner Services is part of The Bank of New York Mellon's Issuer Services group, which is also a leading provider of corporate trust services, serving more than $11 trillion in outstanding debt, and is the market leader in depositary receipts with more than 1,270 sponsored programs. More information about Shareowner Services is available at www.bnymellon.com/shareowner.

The Bank of New York Mellon Corporation (NYSE: BK) 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.