Simon Nichols appointed as lead manager

London, 23 March 2012 — BNY Mellon has announced Simon Nichols as lead manager on the Newton Bridge Fund. Nichols succeeds Caroline Tye, who was recently appointed head of private client business at Newton*, part of BNY Mellon Asset Management.

Nichols, who joined Newton in 2001 from Wilton Investments Limited and has 14 years investment experience, has been lead manager of the Newton Cautious Managed Fund since October 2009 and alternate manager of the Newton Higher Income Fund since 2004.

Julie-Ann Ashcroft will continue as alternate manager of the Newton Bridge Fund, a role she has held since April 2009. Nichols and Ashcroft will continue to benefit from the output of Newton's other specialist areas, including the firm's global industry and credit analysts, specialist and generalist fund managers.

Caroline Tye, head of Newton's* private client business, comments: "Following my appointment as head of our private client business, we want to ensure that we continue to provide a high class service to our clients. A priority was to appoint a new lead manager to the Newton Bridge Fund who is experienced in managing multi-asset strategies in line with Newton's global thematic investment process. As lead manager of the Newton Cautious Managed Fund, which invests in both equity and fixed income and cash, Simon is ideally suited to take over my responsibilities on the Newton Bridge Fund. I am confident that, working together, Simon and Julie-Ann will continue to aim to deliver positive investment returns for investors."

Newton* is a London-based global asset management subsidiary of The Bank of New York Mellon Corporation and part of BNY Mellon Asset Management. With assets under management of more than €45.9 billion, including assets managed by Newton Investment Management Limited as dual officers of Newton Capital Management Limited and The Bank of New York Mellon, Newton's group of affiliated companies provides a broad range of award-winning investment products and services to individuals, pension funds, charities and corporations. News and other information about Newton is available at www.newton.co.uk.

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 $25.8 trillion in assets under custody and administration and $1.26 trillion in assets under management, services $11.8 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. Additional information is available on www.bnymellon.com or follow us on Twitter@BNYMellon.

*'Newton' refers to the following group of affiliated companies: Newton Investment Management Limited, Newton Capital Management Limited, Newton International Investment Management Limited, Newton Capital Management LLC and Newton Fund Managers (C.I.) Limited. Assets under management include assets managed by all of these companies except Newton Capital Management LLC, which provides marketing services in the U.S. for Newton Capital Management Limited. Except for Newton Capital Management LLC and Newton Capital Management Limited, none of the other Newton companies offer services in the US and Canada. Newton Capital Management Limited is registered in the United States as an investment adviser under the Investment Advisers Act of 1940. Unless otherwise stated, all information source BNY Mellon Asset Management as at 31 December 2011. This press release is qualified for issuance in the UK 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 authorised. This press release is issued by BNY Mellon Asset Management International Limited 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. Registered office of BNY Mellon Asset Management International: BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorised and regulated by the Financial Services Authority. A BNY Mellon Company(SM)