TOKYO & SYDNEY, 17 February 2010 — BNY Mellon, the global leader in asset management and securities servicing, has been appointed as Fiscal Agent for Westpac Banking Corporation's ("Westpac") 111.3 billion yen (US$1.2 billion) of Samurai bonds. A Samurai bond is one that is issued by an organisation that is not based in Japan but wants to reach investors using a Japanese yen bond.

Westpac, Australia's second largest bank by market capitalization, sold the Samurai bonds in three tranches - 83.1 billion yen in five-year fixed-rate bonds, 16.9 billion yen in five-year floating-rate bonds and 11.3 billion yen in seven-year fixed-rate bonds. As Fiscal Agent, BNY Mellon will provide a variety of services for Westpac's Samurai bond issuance including Issuing, Paying and Reference Agent.

"Samurai bonds have enjoyed a bumper 12 months thanks to healthy interest from overseas investors looking to capitalise on the favourable cross currency swap rates into Japanese Yen," said John McGee, Managing Director of BNY Mellon's Corporate Trust business in Australia. "This issue is noteworthy because it is indicative of increased interest in the bond market and the strength of the investor base in Japan. This further indicates economic stability and is a good start to the debt capital markets for 2010.

"Australia continues to be the most important global issuer base for Samurai's because of the tax benefits, resulting from the tax treaty between Australia and Japan. Westpac's issuance has been very well received by investors and we are expecting to see other major Australian banks issuing Samurai Bonds in 2010," added McGee.

Commenting on BNY Mellon's role in the issuance, McGee said: "Having a domestic office in Japan with local expertise is very important to issuing a bond of this type and our Japanese colleagues played a critical role in BNY Mellon being able to support this issuance."

BNY Mellon has had a presence in Japan for almost four decades. The company provides a wide variety of products and services to Japanese institutional and retail investors including asset management, securities servicing and corporate trust.

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 roles.

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 provides corporate trust services in Australia through its wholly owned subsidiary, BNY Mellon Australia Pty Ltd. The Bank of New York Mellon Trust (Japan), Ltd. is the legal entity of BNY Mellon's Corporate Trust business in Japan. The Bank of New York Mellon Trust (Japan), Ltd. is a wholly owned subsidiary of BNY Mellon.

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 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. Additional information is available at www.bnymellon.com.