Northern Trust Wins Global Custody Mandate From UK Arm of The Navigators Group

LONDON, February 11 - Northern Trust (Nasdaq: NTRS) announced today that it will provide global
custody and investment accounting services to US$250 million (approximately
GB 150 million pounds Sterling) in insurance assets for the UK branch of
Navigators Insurance company, a subsidiary of The Navigators Group, Inc.

Navigators, headquartered in New York, is an international specialist
insurance holding company with offices in the US, UK and Europe.

"We appointed Northern Trust because of their proven expertise in
servicing insurance assets," said Frank McDonnell, Senior Vice President &
Chief Financial Officer at Navigators.

"We are delighted to have been appointed by Navigators, adding another
insurance client to our growing group," said Douglas Gee, UK institutional
sales manager for asset servicing at Northern Trust. "We offer a specialist
asset servicing solution that concentrates on addressing the needs of
insurance companies - such as the Lloyds insurance market - in particular
responding to the requirement for consolidated investment accounting data.
Our web-based client portal, Passport, enables all our clients to access
precise information about their assets, including integrated investment,
risk, portfolio and market data, as well as analytics from third-party
providers."

Northern Trust currently provides asset servicing and asset management
solutions to more than 120 insurance clients across the globe. As part of its
suite of products catering specifically to insurance clients, Northern Trust
offers an international accounting and financial reporting outsourcing
solution.

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 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').

EMEA, Camilla Greene, +44-(0)-207-982-2176, cg81 at ntrs.com, or US, Canada & APAC, John O'Connell, +1-312-444-2388, jo45 at ntrs.com, both of Northern Trust