AMSTERDAM, 9 December 2009 — BNY Mellon Asset Servicing, the global leader in securities servicing, has been selected to provide custody and associated value added services to EUR 2.8 billion in assets held by Pensioenfonds Horeca & Catering (PH&C).

PH&C is a Dutch regulated industry-wide pension fund for the hotel, restaurant and catering business. With over 800,000 participants and 30,000 employers, PH&C is one of the top ten largest pension funds in the Netherlands. The fund is a diversified portfolio with a broad range of asset classes, investment managers and investment styles including non-listed and emerging markets equities.

In addition to core custody, BNY Mellon will provide a range of services including recordkeeping, investment accounting, advanced performance measurement services, Dutch regulatory reporting, securities lending, compliance monitoring, passive currency overlay, global collateral management and global class action services.

quot;After an extensive due diligence process, we chose BNY Mellon because of its financial stability, strong technology reinvestment programme and its proven record in respect of service standards, client focus and relationship management," said Ernst Hagen, Head of Asset Management at PH&C. "We particularly value BNY Mellon's local Dutch service capabilities and through their flexible approach, we have been able to tailor their services to our needs. For example, in respect of securities lending, we have chosen a conservative, low risk approach. With BNY Mellon, PH&C is able to bring all investment related services to best practice levels, while maintaining its position as the most cost efficient pension fund amongst its peers."

quot;High quality transaction processing and client service are the twin pillars on which our business is founded," said Nadine Chakar, executive vice president and head of EMEA, BNY Mellon Asset Servicing. "We are especially pleased that PH&C has enrolled in our securities lending programme which is a resounding vote of confidence in our ability to navigate tough market conditions. I am delighted that PH&C has chosen to join the ranks of the many Dutch clients who have chosen to partner with us."

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialised 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. BNY Mellon 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 $22.1 trillion in assets under custody and administration and $966 billion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.6 trillion per 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 as at 30 September 2009 unless otherwise stated.
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.
BNY Mellon Fund Services (Ireland) Limited and BNY Mellon Trust Company (Ireland) Limited are regulated by the Financial Regulator