The Bank of New York Mellon Ranked Top Municipal Debt Trustee for 2007

NEW YORK, January 31, 2008 — The Bank of New York Mellon, a global leader in asset management and securities servicing, was the number one overall trustee for municipal debt in 2007, according to data compiled by Thomson Financial, a leading provider of financial technology and information.

In 2007, the company served as trustee on more than 1,300 municipal issues with proceeds exceeding $108 billion, which accounted for approximately 28% of all new deals during the year.

Troy Kilpatrick, managing director and head of the municipal finance division for The Bank of New York Mellon's corporate trust business, said, "This ranking demonstrates the success we have had at expanding our market share while serving client needs through our distinct single-point-of-contact servicing model. It is particularly gratifying given the recent strategic integration efforts associated with our acquisition of JPMorgan Chase's corporate trust business and The Bank of New York's merger with Mellon Financial."

The Bank of New York Mellon's corporate trust business services $11 trillion in outstanding debt from 54 locations around the world. It services all major debt categories, including corporate and municipal debt, mortgage-backed and asset-backed securities, collateralized debt obligations, derivative securities and international debt offerings. The Bank of New York Mellon's corporate trust and agency services are delivered through The Bank of New York subsidiary.

Corporate trust providers are appointed by corporations, municipal governments and other entities issuing debt to perform a variety of duties, including servicing and maintaining the debt issue, processing principal and interest payments for investors, representing investors in defaults, and providing value-added services for complex debt structures.

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 $20 trillion in assets under custody and administration and more than $1.1 trillion in assets under management. Additional information is available at bnymellon.com.