New collateral management deal facilitates improved services for British Servicemen & Women

LONDON, September 8, 2009 — BNY Mellon Broker-Dealer Services has been selected to provide collateral management of US$ 500 million of deposits for Aspire Defence Limited, a joint venture between Carillion and KBR, helping to further secure a flagship project to deliver improved facilities and services for the British Army in the UK.

Aspire Defence is delivering Project Allenby/Connaught, the largest infrastructure PFI ever let by the Ministry of Defence. Some £8bn will be spent over 35 years on the Project which will improve the quality of life for nearly 19,000 soldiers, 20% of the British Army, by providing modern, high quality, fully serviced and purpose built working and living accommodation.

“We were chosen for this deal due to our flexibility, expertise and ability to deliver timely results on complex collateral requirements,” said Art Certosimo, senior executive vice president and chief executive officer of BNY Mellon Broker-Dealer Services and BNY Mellon Alternative Investment Services. “It highlights our ability to tailor our capabilities to the unique needs of Aspire Defence, helping them to continue to deliver a flagship project and move forward on improving services for the British Army.”

The tri-party deal tailored specifically for Aspire Defence, within a very short timeframe, allows the company to continue to support the British Army. Angus McColl, Finance Director at Aspire Defence Limited said: “We are extremely pleased to have BNY Mellon on board to ensure our substantial deposits are fully collateralized given the recent financial turmoil. Our stakeholders can be rest assured cash earmarked to finance the delivery of improved facilities for our soldiers is safe, secure and in highly professional hands.”

BNY Mellon Broker-Dealer Services is the leading provider of tri-party collateral management services, servicing more than $1.8 trillion in tri-party balances worldwide. BNY Mellon’s collateral management services ranked #1 in 2008 by Global Custodian and International Securities Finance magazine.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. 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.