April 27, 2011

BNY Mellon to Sell its Shareowner Services Business to Computershare


Transaction reflects BNY Mellon's strategic focus on growing globally its investment management and investment services businesses

NEW YORK, April 27, 2011 — BNY Mellon, the global leader in investment management and investment services, announced today that it has signed a definitive agreement, subject to regulatory approvals, to sell its Shareowner Services business to Computershare. Computershare is a global provider of transfer agency, share registration, employee equity plans, proxy solicitation, stake holder communications, and other diversified financial and governance services.

The purchase price of $550 million being paid by Computershare will result in a modest after-tax loss due to the impact of non-deductible goodwill associated with the business. The transaction further enhances BNY Mellon's strong capital ratios, generating more than $200 million in additional capital.  The transaction is anticipated to close in the third quarter of 2011, subject to regulatory approval.

"This transaction will combine the Shareowner Services business and its employees with an enterprise strongly committed to growth in the global equity administration market space," said Karen Peetz, Vice Chairman of BNY Mellon and chief executive officer of BNY Mellon's Financial Markets and Treasury Services Group.  "Our clients will continue to receive the highest level of service and will also benefit from Computershare's broad global capabilities."

Computershare (ASX:CPU) is a global provider of transfer agency and share registration, employee equity plans, proxy solicitation and stakeholder communications.  Founded in 1978, Computershare specializes in data management, high volume transaction processing, payments and stakeholder engagement.  Its global clients use these core competencies to help maximize the value of relationships with their investors, employees, creditors, members and customers. Computershare is represented in all major financial markets, and has over 10,000 employees worldwide. Additional information is available at www.computershare.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 $25.5 trillion in assets under custody and administration and $1.2 trillion in assets under management, services $11.9 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.

This press release contains statements relating to future results of BNY Mellon that are considered "forward-looking statements," which may be expressed in a variety of ways, including the use of future or present tense language and relate to, among other things, aspects of the transaction including the impact on non-deductible goodwill on the business, the enhancement of BNY Mellon's capital ratios, the generation of capital, the anticipated closing date and other implications of the announced transaction.  These forward-looking statements are based on current beliefs and expectations and are subject to significant risks and uncertainties (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, 2010 and its other filings with the Securities and Exchange Commission.  All forward-looking statements in this press release speak only as of April 27, 2011, and BNY Mellon undertakes no obligation to update any forward-looking statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events.