BNY Mellon Asset Management Unit Optimistic on Business Services Company

NEW YORK, August 9, 2011 — BNY Mellon-Alcentra Mezzanine Partners, a division of Alcentra and part of BNY Mellon Asset Management, today announced that it invested $11.5 million of subordinated notes and equity to support Intervale Capital's recapitalization of Casedhole Solutions Inc., a Houston, TX based provider of wireline services. BNY Mellon-Alcentra Mezzanine Partners is a subordinated debt and equity capital provider to middle market companies throughout North America

Casedhole offers a comprehensive suite of wireline services, including perforating, pipe recovery and logging services. Casedhole enjoys a broad customer base of exploration and production companies and has particular expertise in high-temperature and high-pressure wells. The rapidly-growing company serves major oil and gas fields throughout North America.

"We are excited to participate in the transaction and support Casedhole's continued growth," said Scott Gold, senior vice president of Alcentra. "We believe the company is extremely well managed and has significant growth opportunities ahead. Additionally, we are impressed with both the management team and the sponsor, both of which have years of experience in the sector."

BNY Mellon-Alcentra Mezzanine Partners, a division of Alcentra NY, LLC based in New York, currently manages approximately $500 million of capital. BNY Mellon-Alcentra Mezzanine Partners invests in unitranche debt, mezzanine debt, and/or minority equity. Targeted sectors include healthcare and pharmaceutical services; defense, homeland security and government services; business and outsourced services. BNY Mellon-Alcentra Mezzanine Partners makes investments in transactions led by sponsors, fundless sponsors or directly with entrepreneurs / business owners. Additional information is available at http://mezzanine.alcentra.com/.

Alcentra is an asset management and investment group focused on sub-investment grade debt capital markets in Europe and the United States. The group has an investment track record that dates back to 1998 and spans across 43 separate investment funds totaling approximately $17 billion. Alcentra is 95.5 percent owned by BNY Mellon and 4.5 percent owned by the employees.

BNY Mellon Asset Management is one of the world's leading asset management organizations, encompassing BNY Mellon's affiliated investment management firms and global distribution companies. Information about BNY Mellon Asset Management can be found at www.bnymellonam.com.

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, offering superior investment management and investment services through a worldwide client-focused team. It has $26.3 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.7 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com and through Twitter @bnymellon.

All information source BNY Mellon Asset Management as of June 30, 2011. This press release is qualified for issuance in the US only and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. This press release is issued by BNY Mellon Asset Management to members of the financial press and media and the information contained herein should not be construed as investment advice. Past performance is not a guide to future performance. A BNY Mellon Company(SM)