NEW YORK, August 20, 2009 — BNY Mellon has been appointed trustee, paying agent, registrar and continuing disclosure agent for the Commonwealth of Kentucky's $392 million bond issue, which was broken down into three series of revenue, revenue and refunding and Build America Bonds. Build America Bonds provide state and local governmental entities with federal-subsidized funding at lower borrowing costs.

In its role, BNY Mellon will provide a variety of services for the debt issue, including processing principal and interest payments and maintaining bondholder records.

"Our expertise in administering Build America Bond issuances will enable us to support the Commonwealth of Kentucky as it finances the various projects mandated by its General Assembly," said Troy Kilpatrick, managing director and head of the Corporate and Municipal Finance Group within BNY Mellon's Global Corporate Trust business. "This mandate reflects our leadership role in and commitment to serving the needs of governmental entities across the country."

BNY Mellon's corporate trust business services nearly $12 trillion in outstanding debt from 58 locations in 20 countries. Its clients include governments and their agencies, multinational corporations, financial institutions and other entities that access the global debt capital markets. The corporate trust business utilizes its global footprint and expertise to deliver a full range of issuer and related investor services and develop customized and market-driven solutions. Its range of core services includes debt trustee, paying agency, escrow and other fiduciary offerings.

Corporate trust providers are appointed by debt issuers as well as fund and collateral management institutions to perform a variety of services related to debt and collateral administration, safekeeping, direct cash and investment management, portfolio and transparency analytics, reporting, and final asset disposition and distribution activities.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). BNY Mellon 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 $20.7 trillion in assets under custody and administration, $926 billion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.8 trillion per day. Additional information is available at www.bnymellon.com.