BNY Mellon's DR Indices now available as the basis for Exchange Traded Funds in China

SHANGHAI and NEW YORK, October 18, 2010 — BNY Mellon, the global leader in asset management and securities servicing, and the Shanghai Stock Exchange (SSE), the principal exchange in the People's Republic of China, have signed a memorandum of understanding (MOU) to collaborate on exchange-traded funds (ETFs) based on the BNY Mellon Depositary Receipt (DR) Indices to be traded on the Shanghai Stock Exchange.  The MOU grants exclusivity to the SSE for the listing of ETFs which utilize the BNY Mellon DR Indices as a benchmark within the People's Republic of China.

"Our innovative DR Indices are the basis for many 'first to market' ETFs representing the emerging and frontier markets," said Gregory Roath, head of Asia-Pacific for BNY Mellon's Depositary Receipts business.  "The inclusion of Chinese single-listed ADRs in our indices will enable potential ETF sponsors to offer an investment product that includes offshore listed Chinese companies such as Baidu, Netease, Home Inns and Ctrip.  These companies, which trade exclusively in DR form outside of China, are often left out of many other major indices."

BNY Mellon's Roath added: "An ETF product based on the DR Indices would enable Mainland Chinese investors to gain real exposure to foreign traded equities and allow them to trade these in Chinese renminbi on the principal Chinese exchange. Our DR Indices are an innovative and exciting product, and we are delighted to be leading the way in bringing them to the Chinese markets."

BNY Mellon offers the most comprehensive suite of DR indices, available to investors since 1998. As the only real-time index to track all American and global DRs traded on the New York Stock Exchange, NYSE Amex and NASDAQ, the BNY Mellon ADR Index has become a widely followed international benchmark. Calculated on a continuous basis throughout the trading day, the BNY Mellon ADR Index is capitalization-weighted and adjusted for free-float using Dow Jones' Indexes methodology.

Altogether, BNY Mellon produces over 140 indices reaching all corners of the world.  They are divided into four families covering regions, markets, sectors and countries: the BNY Mellon ADR Index (U.S. exchange-traded), the BNY Mellon GDR Index (London exchange-traded (LSE)), the BNY Mellon DR Index (U.S. and LSE exchange-traded) and the BNY Mellon Classic ADR Index (U.S. exchanged-traded and OTC).  The BNY Mellon Composite Depositary Receipt Index, the "Super Index," encompasses all types of DRs.

BNY Mellon acts as depositary for more than 2,100 American and global depositary receipt programs, acting in partnership with leading companies from 67 countries. With an unrivaled commitment to helping securities issuers succeed in the world's rapidly evolving financial markets, the company delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services. Learn more at www.bnymellon.com/dr.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 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 $21.8 trillion in assets under custody and administration and $1.0 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at www.bnymellon.com.

This release is for informational purposes only. BNY Mellon provides no advice nor recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities. Depositary Receipts: Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or Federal Agency Guarantee.