TORONTO, February 1, 2010 — BNY Mellon Corporate Trust, through its subsidiary BNY Trust Company of Canada, will support a major asset backed transaction valued at $1.26 billion designed for the Canadian Secured Credit Facility (CSCF). This transaction will enable GMAC Canada to participate in the CSCF through its special purpose structure, Canadian Capital Auto Receivables Asset Trust III (CCARAT III). BNY Mellon will provide a broad range of administrative and trustee services throughout the term of this issuance.

In January 2009, the federal government announced the creation of the CSCF as part of its Economic Action Plan with an allocation of up to $12 billion to purchase term asset-backed securities backed by loans and leases on vehicles and equipment. The program is intended to reinvigorate the Canadian auto lease and loan market by ensuring access to credit for businesses and consumers and stimulate Canada’s manufacturing sector by providing support for the sales of vehicles and heavy equipment.

“As the leading corporate trustee in the world, we have deep experience in helping to administer government-sponsored programs, including Canada’s asset-backed commercial paper restructuring last year,” said Scott Posner, chief executive officer of BNY Mellon Corporate Trust. “We are well positioned to support this important initiative which aims to stimulate economic activity and encourage renewed investor participation in the Canadian ABS market.”

BNY Mellon Corporate Trust, through BNY Trust Company of Canada, provides global trust and agency services to Canadian issuers interested in tapping the global capital markets, as well as any issuer looking to issue in the Canadian domestic capital markets.

BNY Mellon Corporate Trust 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. 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 $22.3 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. Additional information is available at www.bnymellon.com.