LONDON, February 27, 2013 — Newton Management Limited, together with Newton Investment Management Limited, a global thematic investment boutique of BNY Mellon, announced today that they will be selling Newton’s private client business to Standard Life Wealth. The transaction is subject to regulatory approval, and is expected to close in the third quarter, 2013.

The agreement covers 7% of Newton’s assets under management valued at £3.6bn and approximately 3,000 private clients.

The decision follows a thorough strategic and operational review of Newton’s business.

Speaking about the transaction, Helena Morrissey, chief executive officer at Newton said: “The decision to sell the private client business was made after much thought and with the long-term future interests of all clients and staff at the forefront of considerations. Newton's overall business has evolved over the past several years to the point where private clients now make up just a small portion of our total assets under management.

We are confident that Standard Life Wealth will offer our private clients and associated staff with excellent opportunities for on-going success in future. Newton in turn will now be focused more clearly on our core business of institutional and charity investment management, as well as fund solutions for the wholesale and retail sectors.”

Newton’s business is now focused on managing £28.9bn of institutional assets, £15.7bn of assets for pooled investment funds and £4.3bn of charity assets. Additionally, Newton will continue to offer solutions to retail investors, by acting as an investment manager to BNY Mellon operated funds that are available to other wealth managers.

Newton is a London-based global asset management subsidiary of The Bank of New York Mellon Corporation and part of BNY Mellon. With assets under management of more than £52 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 or follow us on Twitter @NewtonIM.

*As at 31 January 2013

BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.4 trillion in assets under management. It encompasses BNY Mellon's affiliated investment management firms, wealth management services and global distribution companies. More information can be found at www.bnymellon.com.

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle.  Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 36 countries and more than 100 markets.  As of December 31, 2012, BNY Mellon had $26.7 trillion in assets under custody and administration, and $1.4 trillion in assets under management.  BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments.  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 press release contains statements that are considered "forward-looking statements." These statements, which may be expressed in a variety of ways, including the use of future or present tense language, relate to, among other things, the expected closing date of the transaction. These forward-looking statements are based on current beliefs and assumptions that involve risks and uncertainties and that are subject to change based on various important factors (some of which are beyond BNY Mellon's control). For additional information with respect to risks and other factors that could cause BNY Mellon's results to differ materially from those described in the forward-looking statements, see the risk factors set forth in BNY Mellon's Annual Report on Form 10-K for the year ended Dec. 31, 2011, the Quarterly Reports on Form 10-Q for the quarters ended June 30, 2012 and September 30, 2012 and its other filings with the Securities and Exchange Commission. All statements in this press release speak only as February 27, 2013, and BNY Mellon undertakes no obligation to update any statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events.