Northern Trust Named Fund of Hedge Funds Administrator of the Year

LONDON - Awards held in association with HFMWeek magazine

Northern Trust (Nasdaq: NTRS) has been awarded the Fund of Hedge Funds Administrator of the Year award at the inaugural HFMWeek Service Provider Awards, held in London in May.

The awards recognise companies that have outperformed their peers during 2008-2009 and demonstrated financial progress, growth and genuine innovation.

Judges cited Northern Trust’s dedication and expertise as a fund of hedge funds (FoHF) provider as well as its growing client base.

Ian Headon, product manager for alternatives at Northern Trust, said, “We are delighted to receive this award, which recognises our commitment to working in partnership with our clients to deliver innovative solutions across the FoHF and wider hedge fund investing spectrum. The development of our Hedge Fund Monitor solution, which gives FoHF, institutional investors and others, access to a range of daily, vital fund data, and continuing updates to this solution, is just one of the ways we are working to continue to enhance our offerings to investors in hedge fund portfolios.”

Northern Trust is a leading, global administrator of FoHF with approximately US$50 billion of hedge funds under administration as at 31 March 2009.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, fiduciary and banking solutions for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has a network of 85 offices in 18 U.S. states and has international offices in 15 locations in North America, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2009, Northern Trust had assets under custody of US$2.8 trillion, and assets under investment management of US$522.3 billion. Northern Trust, founded in 1889, 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 each authorised by the Irish Financial Services Regulatory Authority pursuant to section 10 of the Investment Intermediaries Act, 1995 (as amended).

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.

Source: Northern Trust Corporation

EMEA, Camilla Greene, +44(0)20-7982-2176, cg81 at ntrs.com, or US, Canada & APAC Contact, John O’Connell, +1-312-444-2388, jo45 at ntrs.com, or Kathleen Fitzgerald, +1-312-444-3094, kdf2 at ntrs.com, all of Northern Trust