Northern Trust Opens Branch Office in Stockholm

LONDON and STOCKHOLM -

- Madeleine Senior appointed as managing director

Northern Trust has today opened a branch office in Stockholm, Sweden, extending its offering to Nordic clients.

“Northern Trust has been servicing clients in the Nordics for close to 20 years and works with some of the most sophisticated premier institutional funds and investment managers in the region,” said Biff Bowman, CEO of Northern Trust in Europe, Middle East and Africa (EMEA). “Establishing this base for Northern Trust in Stockholm is in line with our strategy of serving our clients as close to their home market as possible.”

Madeleine Senior, who joined Northern Trust in 1994, has been appointed as managing director of the Nordic region. From her new base in Northern Trust’s central Stockholm office, she will oversee all Northern Trust’s activities across Norway, Finland, Sweden and Denmark.

“I’m delighted to be spearheading this opportunity,” said Ms. Senior. “We go where our clients want us to be, and particularly in the current climate, our clients want close access to their custodian.”

In 2004, Northern Trust became one of the first non-Swedish banks to provide custody and related services to a Swedish mutual fund through an innovative partnership with Handelsbanken.

“It is important to appreciate the local expertise that local banks and institutions have,” said Ms. Senior. “Our long and successful relationship with Handelsbanken has enabled us to provide tailored solutions to our Nordic clients over the past six years. Now, with our local base in the region, we are well positioned to continue to provide tailored solutions to meet our Nordic client’s specific requirements but we are also able to further engage and develop with our clients.”

Northern Trust currently has a dedicated team of five people serving Nordic clients from its Stockholm office with over 30 others in London supporting Nordic relationships. Northern Trust can also offer clients relationship and account managers fluent in Swedish, Finnish, Danish and Norwegian. The office is located at Master Samuelsgatan 60, 8th Floor, 111 21 Stockholm, Sweden.

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 15 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2009, Northern Trust had assets under custody of US$3.2 trillion, and assets under investment management of US$558.9 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’).

Source: Northern Trust Corporation

EMEA & Asia Pacific, Camilla Greene, +44-0-20-7982-2176, cg81 at ntrs.com, or US & Canada, 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