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Press Release

The Bank of New York Re-Appointed by Guys & St Thomas’ Charity as Global Custodian

LONDON, May 2, 2007 – The Bank of New York, a global leader in securities servicing, has been re-appointed as global custodian to the £491 million Guys & St Thomas' Charity.

James Varley, director of finance, Guys & St Thomas' Charity, said, "We re-appointed The Bank of New York because of its personalized approach. The Bank understands our requirements and have provided us with an excellent service during the past five years."

Andrew Bell, executive vice president and head of EMEA Investor Services, The Bank of New York, said, “This re-appointment is testimony to our commitment to the charities and foundations sector which is a core part of our business. We look forward to continuing our relationship with Guys & St Thomas' and helping them with their investor services needs in the years ahead.”

The Bank of New York Company, Inc. (NYSE: BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, asset management, and wealth management. The Company's extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at www.bankofny.com.



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