BNY Mellon Asset Servicing Wins EUR 2.8 Billion Pensioenfonds Horeca & Catering Mandate in the Netherlands

AMSTERDAM, December 9 - BNY Mellon Asset Servicing, the global leader in securities servicing,
has been selected to provide custody and associated value added services to
EUR 2.8 billion in assets held by Pensioenfonds Horeca & Catering (PH&C).

PH&C is a Dutch regulated industry-wide pension fund for the hotel,
restaurant and catering business. With over 800,000 participants and 30,000
employers, PH&C is one of the top ten largest pension funds in the
Netherlands. The fund is a diversified portfolio with a broad range of asset
classes, investment managers and investment styles including non-listed and
emerging markets equities.

In addition to core custody, BNY Mellon will provide a range of services
including recordkeeping, investment accounting, advanced performance
measurement services, Dutch regulatory reporting, securities lending,
compliance monitoring, passive currency overlay, global collateral management
and global class action services.

"After an extensive due diligence process, we chose BNY Mellon because of
its financial stability, strong technology reinvestment programme and its
proven record in respect of service standards, client focus and relationship
management," said Ernst Hagen, Head of Asset Management at PH&C. "We
particularly value BNY Mellon's local Dutch service capabilities and through
their flexible approach, we have been able to tailor their services to our
needs. For example, in respect of securities lending, we have chosen a
conservative, low risk approach. With BNY Mellon, PH&C is able to bring all
investment related services to best practice levels, while maintaining its
position as the most cost efficient pension fund amongst its peers."

"High quality transaction processing and client service are the twin
pillars on which our business is founded," said Nadine Chakar, executive vice
president and head of EMEA, BNY Mellon Asset Servicing. "We are especially
pleased that PH&C has enrolled in our securities lending programme which is a
resounding vote of confidence in our ability to navigate tough market
conditions. I am delighted that PH&C has chosen to join the ranks of the many
Dutch clients who have chosen to partner with us."

Notes to editors

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of
specialised asset servicing capabilities, including custody and fund
services, securities lending, performance and analytics, and execution
services.

BNY Mellon is the corporate brand of The Bank of New York Mellon
Corporation. BNY Mellon 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. BNY Mellon 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 US$22.1 trillion in assets under
custody and administration and US$966 billion in assets under management,
services US$11.9 trillion in outstanding debt and processes global payments
averaging US$1.6 trillion per day. Additional information is available at
www.bnymellon.com.

Louisa Bartoszek of BNY Mellon Asset Servicing, +44-20-7163-2826, or louisa.bartoszek at bnymellon.com; Ernst Hagen of Pensioenfonds Horeca & Catering, +31-79-363-1451, or ernst.hagen at phenc.nl