Northern Trust Helps Clients Navigate IFRS 7 Disclosures

CHICAGO, March 29, 2010 - Northern Trust announced today it has created an "IFRS Valuation Toolkit"
to assist institutional clients with the additional fair value measurement
disclosures required by the International Financial Reporting Standards 7
(IFRS 7) and similar national financial reporting standards.

In March 2009, amendments to IFRS 7, Financial Instruments: Disclosures,
introduced a three-level pricing hierarchy to frame disclosures of fair
values. Reporting entities are required to analyze their investment
portfolios, classify securities into three levels, disclose movements of
securities between levels and provide reconciliation from beginning to ending
balances (also known as "roll-forward reporting") related to transactions for
level 3 securities, the most difficult-to-price assets in the marketplace.

"Northern Trust's toolkit is designed to provide a broad range of
documentation, reporting, and recommendations from industry experts to help
global custody clients meet IFRS 7 financial reporting disclosure
requirements," said Debra Clayton, client reporting product manager for
Northern Trust. "Our toolkit is distinctive in that it automates the process.
This delivers assurance of data integrity and enables the client to collate
data for their IFRS reporting with greater ease, freeing them from the labour
intensive and potentially complex tasks."

Available via Northern Trust's single, global operating platform and
fully integrated into client reporting packages, the IFRS 7 Valuation Toolkit
consists of customizable level determination reports and various pricing
related documents that provide clients with details related to the securities
within their portfolios. An important element is level 3 roll-forward
reporting, which shows activities and current year change in unrealized gains
or losses for level 3 securities held at the end of the year. Level 3
securities have unobservable inputs or uncorroborated prices in the
marketplace. Therefore additional footnote disclosures assist investors to
better understand the risks associated with investing in these types of
investments.

The toolkit is currently available for institutional clients that follow
International Financial Reporting Standards. "The IFRS Valuation Toolkit
saves clients time by helping to identify the fair value measurement
information they need to complete year-end disclosure requirements," said
Teresa Parker, chief executive officer of the Asia-Pacific region for
Northern Trust. "The toolkit aggregates the relevant information in one
place, which makes it much easier to compile for reporting purposes."

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 December 31, 2009,
Northern Trust had assets under custody of US$3.7 trillion, and assets under
investment management of US$627.2 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.

    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.

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    (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.

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    Northern Trust Fiduciary Services (Jersey) Limited are regulated by the
    Jersey Financial Services Commission.

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    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).

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    Northern Trust Global Services Limited operates in Abu Dhabi as a
    Representative Office, Licence number 13/238/2008 which is authorised
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    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.

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    the Financial Services Authority and subject to regulation by the
    Finansinspektionen.

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