Northern Trust Named European Client Relationship Manager of the Year at 2009 ICFA European Awards

Additional Netherlands custody award received for 2nd consecutive year

LONDON, December 22 - Northern Trust (Nasdaq: NTRS) has been named European Client Relationship
Manager of the Year and Custodian of the Year: The Netherlands, at the
International Custody and Fund Administration (ICFA) magazine awards 2009.

The awards, held annually in London, highlight excellence in the European
securities services market. A panel of judges selected winners in each of the
27 categories from submissions covering a set of criteria including
significant client wins, innovation, technology and automation, as well as
questions specific to the particular category.

"We are delighted to have received these awards in recognition of our
excellence in client relationship management and custody solutions," said
Peter Holman, head of client servicing in Europe, Middle East and Africa
(EMEA) for Northern Trust's asset servicing business. "At Northern Trust we
continue to look for ways to better serve our clients. Recent developments
include offering environmental analytics solutions for clients to assess the
carbon footprint of their investments, and continued work in helping clients
navigate the complexities of the evolving pension market through our
Retirement Solutions Practice."

"In previous years a good reputation, a slick marketing presentation and
some high quality client testimonials might have been enough to secure an
award," said Jon Greene, ICFA publisher. "This year nominating firms had to
go several miles further. Finding the answers to many of the questions we
asked often meant spending considerable time with their operational
departments."

ICFA magazine, owned by Incisive Media, is circulated to over 7,000
decision makers in the custody and fund administration industries. It aims to
provide a concise information source and international guide to industry
trends, issues and business processes.

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 September 30,
2009, Northern Trust had assets under custody of US$3.6 trillion, and assets
under investment management of US$611 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 operates in Australia as a foreign authorised
deposit-taking institution (foreign ADI) and is regulated by the Australian
Prudential Regulation Authority.

Northern Trust in Hong Kong is a securities company regulated by the
Securities and Futures Commission.

Northern Trust in Singapore is a foreign wholesale bank regulated by the
Monetary Authority of Singapore.

Northern Trust operates in China as a Representative Office and is
regulated by the China Banking Regulatory Commission.

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 Global Services is authorised and regulated in the
Netherlands by De Nederlandsche Bank

Northern Trust Global Services Limited Luxembourg Branch is authorised
and regulated by the Financial Services Authority and in Luxembourg by the
Commission de Surveillance du Secteur Financier (CSSF) and Northern Trust
Luxembourg Management Company S.A. is regulated by the CSSF

Northern Trust Global Services Limited - Abu Dhabi. Representative
Office, Licence number 13/238/2008

Where Northern Trust's UK entities undertake regulated business, they are
authorised and regulated in the United Kingdom by the Financial Services
Authority

Northern Trust International Fund Administration Services (Ireland)
Limited and Northern Trust Fiduciary Services (Ireland) Limited are regulated
by the Financial Regulator.

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.

Northern Trust Global Services Ltd (UK) Sweden Filial is a BCD Passported
branch of Northern Trust Global Services Ltd a firm authorised and regulated
in the UK by the Financial Services Authority ('FSA').

www.northerntrust.com

EMEA, Camilla Greene, +44-(0)-20-7982-2176, cg81 at ntrs.com, or US, Canada & APAC, John O'Connell, +1-312-444-2388, jo45 at ntrs.com, both of Northern Trust