KLP Awards Global Custody and Depositary Bank Mandate to Northern Trust and Handelsbanken Partnership

LONDON and OSLO, April 29, 2010 - Kommunal Landspensjonskasse (KLP), one of Norway's largest life insurance
companies, announced today that Northern Trust (Nasdaq: NTRS) and
Handelsbanken have been selected to provide custody and depositary services
for assets managed on behalf of its funds and insurance businesses.

Northern Trust and Handelsbanken were selected following a review to
consolidate legacy custody relationships to a single provider. The review was
conducted with the assistance of Thomas Murray, the specialist securities
service advisory firm.

Along with the services for KLP's insurance business, the appointment
renews an existing agreement for Northern Trust and Handelsbanken to provide
custody and related services to KLP's mutual funds business.

"KLP is delighted to extend the established mandate that the Northern
Trust/ Handelsbanken partnership holds," said Harald Harlem, KLP's head of
investment management services. "The partnership's experience in providing
services to Norwegian mutual funds was a strong factor in our selection."

In 2004, Northern Trust became the first global custodian to partner with
a pan-Nordic bank to provide custody and related services to a mutual fund.
KLP was the first Norwegian mutual fund to select Northern Trust and
Handelsbanken for their innovative mutual fund solution.

"Northern Trust, through our long-standing partnership with Handelsbanken
is delighted to extend our existing services to KLP through this
reappointment and additional new mandate," said Madeleine Senior, head of
Northern Trust in the Nordics. "Our partnership with Handelsbanken means we
are able to offer our Nordic clients global asset servicing and pan-Nordic
custody so that they can see all of their investments via one portal and get
the full benefits of straight-through processing from both their custodian
and trustee."

About KLP

Kommunal Landspensjonskasse (KLP) is one of Norway's largest life
insurance companies with approximately NOK 224 billion in assets. KLP is
structured as a mutual company and is the leading provider of occupational
pensions to the public sector and associated companies. Currently KLP
provides pensions to 333 municipalities, 35 other state enterprises and 2,300
companies. There are 145,000 active pensioners and 297,000 occupationally
active members.

About Handelsbanken

Handelsbanken was founded in 1871. Today it is one of the leading banks
in the Nordic region and Europe's most cost-effective bank. Handelsbanken is
one of the most solid and profitable banks in the world. Since 1989, when the
first customer survey was conducted, we have had the most satisfied customers
among the major Nordic banks.

About Thomas Murray

Established in 1994, Thomas Murray provides ratings, information and data
on custodian banks, central securities depositories and capital market
systems throughout the world. Thomas Murray provides these and other
specialist advisory services to help institutional clients (in both the
traditional and alternative investment markets) manage post-trade risks and
evaluate, select and monitor third party service providers.

Thomas Murray rates, reviews and monitors the risks, costs and
operational effectiveness of over 300 custodians, 100 capital market
infrastructures and 150 central securities depositories worldwide.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of
investment management, asset and fund administration, banking solutions and
fiduciary services for corporations, institutions and affluent individuals
worldwide. Northern Trust, a financial holding company based in Chicago, has
offices in 18 U.S. states and 16 international locations in North America,
Europe, the Middle East and the Asia-Pacific region. As of March 31, 2010,
Northern Trust had assets under custody of US$3.7 trillion, and assets under
investment management of US$647.3 billion. For 120 years, Northern Trust has
earned distinction as an industry leader in combining exceptional service and
expertise with innovative products and technology. For more information,
visit www.northerntrust.com

Northern Trust Corporation, Head Office: 50 South La Salle Street,
Chicago, Illinois 60603 U.S.A, incorporated with limited liability in the
U.S.

The Northern Trust Company, London Branch (reg. no. BR001960), Northern
Trust Global Investments Limited (reg. no. 03929218) and Northern Trust
Global Services Limited (reg. no. 04795756) are authorised and regulated by
the Financial Services Authority.

The material within and any linked material accessed via this
communication is directed to eligible counterparties and professional clients
only and should not be distributed to or relied upon by retail investors. For
Asia Pacific markets, it is directed to institutional investors, expert
investors and professional investors only and should not be relied upon by
retail investors.

    -- Northern Trust (Guernsey) Limited, Northern Trust Fiduciary Services
       (Guernsey) Limited, Northern Trust Fiduciary Company (Guernsey)
       Limited and Northern Trust International Fund Administration Services
       (Guernsey) Limited are licensed by the Guernsey Financial Services
       Commission.
    -- Northern Trust International Fund Administrators (Jersey) Limited and
       Northern Trust Fiduciary Services (Jersey) Limited are regulated by
       the Jersey Financial Services Commission.
    -- Northern Trust International Fund Administration Services (Ireland)
       Limited and Northern Trust Fiduciary Services (Ireland) Limited are
       regulated by the Financial Regulator.
    -- Northern Trust Global Services Limited has a Netherlands Branch which
       is authorised and regulated in the Netherlands by De Nederlandsche
       Bank.
    -- Northern Trust Global Services Limited has a Luxembourg Branch which
       is authorised and regulated by the Commission de Surveillance du
       Secteur Financier (CSSF).
    -- Northern Trust Luxembourg Management Company S.A. is regulated by the
       Commission de Surveillance du Secteur Financier (CSSF).
    -- Northern Trust Global Services Limited operates in Abu Dhabi as a
       Representative Office, Licence number 13/238/2008 which is authorised
       and regulated by the Central Bank of the United Arab Emirates.
    -- The Northern Trust Company operates in Canada as The Northern Trust
       Company, Canada Branch which is an authorized foreign bank branch
       under the Bank Act (Canada). Trustee related services in Canada are
       provided by the wholly owned subsidiary The Northern Trust Company,
       Canada, an authorized trust company under the Trust & Loans Companies
       Act (Canada). Deposits with The Northern Trust Company and its
       affiliates and subsidiaries are not insured by the Canada Deposit
       Insurance Corporation.
    -- The Northern Trust Company operates in Australia as a foreign
       authorised deposit-taking institution (foreign ADI) and is regulated
       by the Australian Prudential Regulation Authority.
    -- The Northern Trust Company of Hong Kong Limited is a securities
       company regulated by the Securities and Futures Commission.
    -- The Northern Trust Company has a Singapore Branch which is a foreign
       wholesale bank regulated by the Monetary Authority of Singapore.
    -- The Northern Trust Company operates in China as a Representative
       Office and is regulated by the China Banking Regulatory Commission.
    -- Northern Trust Global Investments Japan, K.K. is regulated by the
       Japan Financial Services Agency.
    -- Northern Trust Global Services Ltd (UK) Sweden Filial is Authorised
       by the Financial Services Authority and subject to regulation by the
       Finansinspektionen.

IRS CIRCULAR 230 NOTICE: To the extent that this message or any
attachment concerns tax matters, it is not intended to be used and cannot be
used by a taxpayer for the purpose of avoiding penalties that may be imposed
by law. For more information about this notice, see
www.northerntrust.com/circular230.

EMEA, Camilla Greene, +44-(0)-207-982-2176, Camilla_Greene at ntrs.com, or US, Canada & APAC, John O'Connell, +1-312-444-2388, John_O'Connell at ntrs.com, both of Northern Trust