NEW YORK, May 10, 2012 — BNY Mellon, the global leader in investment management and investment services, today announced that it has successfully remarketed $500,100,000 aggregate principal amount of its Remarketable 6.044% Junior Subordinated Notes due 2043 (the "Notes"), as required by the Junior Subordinated Indenture, dated as of December 3, 1996, between the Company (as successor to Mellon Financial Corporation) and The Bank of New York Mellon (as successor to The Chase Manhattan Bank), as trustee (the "Original Trustee"), as supplemented, among others, by the Supplemental Indenture, dated as of June 19, 2007, among the Company, the Original Trustee and Manufacturers and Traders Trust Company, as series trustee.  As a result of the remarketing, the interest rate on the Notes was reset to a rate of 2.017% per annum, commencing on May 21, 2012.

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 $26.6 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com or follow us on Twitter @BNYMellon.

This announcement is not an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Notes in the remarketing in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful.