LONDON, September 22, 2009 — BNY Mellon Asset Servicing, the global leader in securities servicing, has been appointed to provide third party administrative services for the pooled pensions business at M&G.

The third party administration contract will include dealing, registration and correspondence services. M&G is the latest client to utilise BNY Mellon's new range of administration services for the pooled pensions market.

Taking its established administration platform, already servicing over 2 million accounts, BNY Mellon has added new features including multiple correspondence parties and time weighted rate of return calculations to service scheme administrators and product promoters.

"We are very pleased to have been awarded this mandate by M&G,” said Nadine Chakar, Head of Europe, Middle East & Africa (EMEA) at BNY Mellon Asset Servicing. “Institutional investors, including UK pension funds are seeking partners who are well-capitalised, visibly committed to the business of asset servicing for the long term, and have sophisticated practical solutions to help meet a variety of market challenges faced by institutions today. BNY Mellon ticks all the right boxes.”

Administration services will transfer to BNY Mellon in the fourth quarter of 2009.

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 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.