BoNY and Mellon Designate Combined New Board

Chris Owen

22 June 2007

Bank of New York and Mellon Financial announced their nominees to serve on the board of directors for The Bank of New York Mellon Corporation, following completion of the proposed merger due on 1 July 2007. As per last December’s announcement, the board will consist of 10 members designated by BoNY and eight members designated by Mellon. Thomas Renyi, chairman and chief executive officer of BoNY, will serve as executive chairman of the new entity for 18 months after completion. Robert Kelly, currently Mellon’s president, chairman and chief executive officer, will then succeed him. The proposed merger has received Federal Reserve approval and antitrust clearance, and was approved by shareholders on 24 May 2007. Global assets under management in the new company will exceed $1 trillion. Catherine Rein, BoNY’s presiding director will serve as lead director for the new company. The remaining directors will be Frank Biondi., Nicholas Donofrio, Gerald Hassell, Richard Kogan, Michael Kowalski, John Luke, Thomas Renyi, William Richardson and Samuel Scott from BoNY's board, together with Ruth Bruch, Steven Elliott, Edmund Kelly, Robert Kelly, Robert Mehrabian, Mark Nordenberg, John Surma and Wesley von Schack from Mellon.