Northern Trust Money Market Funds Honored by Treasury Management International Magazine

TMI Awards Also Name Northern Trust 'Best Bank for Pension Solutions'

LONDON, March 4, 2010 - Northern Trust received the award for "Best Money Market Fund - North
America" at the Treasury Management International (TMI) magazine awards
ceremony held recently in London. Northern Trust was also named "Best Bank
for Pension Solutions" at the TMI Awards, which are voted by the magazine's
international readership of treasurers and financial executives.

"We are delighted to have been selected for these awards," said Steve
Everett, Global Director of Balance Sheet & Operating Assets at Northern
Trust Global Investments (NTGI), the asset management arm of Northern Trust.
"Cash and short duration is at the heart of our asset management business and
we believe this money market fund award validates our conservative and
client-focused approach to these strategies."

As one of the world's largest and most experienced global cash managers,
NTGI seeks to deliver innovative solutions to institutional investors across
a diversified range of U.S.- and Dublin-based, triple-A rated liquidity funds
for U.S. dollars, sterling and euro currencies. Institutional investors in
NTGI money market funds represent a diverse, stable client base including
corporations, pension funds and insurance companies.

Penelope Biggs, Northern Trust's head of institutional business
development for Europe, the Middle East and Africa, commented on the Pension
Solutions award: "Northern Trust works with some of the most sophisticated
and influential institutional investors across the globe. Launching our
dedicated Retirement Solutions Practice in 2009 was a key development in our
approach to working with pension providers, and brings together experts from
Northern Trust's asset servicing and asset management groups. This award
recognizes our efforts in helping organizations navigate the complexities of
the evolving retirement market - from cross-border tax transparent pooling
solutions to back- and middle-office services for fiduciary managers."

Northern Trust provides asset servicing and asset management solutions to
more than 1,000 pension funds globally. Through its Retirement Solutions
Practice, Northern Trust is sharing its knowledge and understanding of
pensions, investments, government and regulatory issues as well as
proprietary research into market-related issues such as risk management,
pan-European pensions and fiduciary management. The Practice brings together
diverse skill sets and experienced individuals with in-depth knowledge and
expertise to provide different solutions and integrated strategies tailored
to the needs of pension funds.

Robin Page, Chief Executive Officer of TMI, said the awards honoring
innovation and excellence in treasury management drew more than 1,600
responses from readers, both online and through the magazine.

"Treasury Management International has dedicated itself to the treasury
industry for the past 18 years. Our awards ceremony is always a fitting
tribute to the most significant work accomplished in the industry," Page
said. "The Money Market Fund award for North America drew strong competition,
and the Pension Solutions awards attracted a significant number of voters
from Europe. As with all our awards, these accolades clearly demonstrate
Northern Trust's understanding of the challenges faced by treasurers in this
challenging market"

TMI is published in association with major global treasury associations
including the European Association of Corporate Treasurers, the Treasury
Management Association of New York, the International Association of CFOs and
Corporate Treasurers (China), the Japan Association of Chief Financial
Officers, the Association of Corporate Treasurers Singapore, the Treasury
Association of Canada and the International Group of Treasury Associations.

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 (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.

North America & Asia-Pacific, John O'Connell, +1-312-444-2388, jo45 at ntrs.com, or EMEA, Sara Murshed, +44-(0)-20-7982-2249, sm136 at ntrs.com, both of Northern Trust Corporation