Press Releases

Newton Wins Two New Global Equity Mandates

Secures £150m Cambridgeshire and £221m Rhondda Cynon Taff mandates

LONDON, 5 August 2008 — Newton Investment Management Limited has recently been awarded two new global equity mandates. Cambridgeshire County Council in England and Rhondda Cynon Taff County Council in Wales have both chosen Newton to run their multi-million global equity portfolios.

Newton has been managing global mandates for 30 years and applies a single portfolio approach to running global equity portfolios. The mandates will be managed by members of the global equity team at Newton.

Over 70% of Newton's mandates are globally invested with over £13 billion in global equity mandates.

Commenting on the appointments, Helena Morrissey, Chief Executive Officer of Newton said: "We continue to be recognised for our successful global thematic approach to investing. Our framework of investment themes has helped us navigate through the recent, more challenging market environment and enabled us to provide solid returns to investors."

Newton Investment Management Limited 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 £37 billion, the company 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.

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company 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 more than $23 trillion in assets under custody and administration, more than $1.1 trillion in assets under management and services $12 trillion in outstanding debt. Additional information is available at bnymellon.com.