NAB National Australia Bank Limited

The Bank of New York, a global leader in securities servicing, has formed a marketing alliance with National Australia Bank (National) enabling The Bank of New York to offer commission recapture services to National's custody clients in Australia and New Zealand. Through the arrangement, local superannuation and other funds will have access to commission recapture services from Lynch, Jones & Ryan, Inc. (LJR), a wholly-owned subsidiary of the Bank's BNY Brokerage unit. Using its strong brand, trusted reputation, and proven track record in the provision of local custody services, National will promote LJR's commission recapture services in Australia and New Zealand. The alliance continues the strategic international build-out of the Bank's transition management and commission recapture capabilities, which has included the opening of its Sydney office and acquisition of LJR earlier this year. Peter Kempster, general manager of National Custodian Services, said, "We welcomed the opportunity to leverage the capabilities of The Bank of New York to the best advantage of our clients. The commission recapture services that we can now make available through LJR will enable our clients to enhance their own capabilities and performance, and we look forward to similar arrangements in the future." Ken Lopian, executive vice president and Head of Asia Pacific at The Bank of New York, said, "Both of our organizations have reputations for delivering innovative and customized service solutions, and we are confident that together we will continue to deliver industry-leading securities services to National's institutional clients. In addition, this arrangement will strengthen our presence in the Australian superannuation marketplace, which is a critical part of the Bank's expansion plans in the Asia-Pacific region." National Custodian Services, a division of National Australia Bank (ASX: NAB) is Australia's largest custodian and has been providing settlement and custody services to institutions covering all classes of securities, since 1950. The company currently provides custody and investment administration service to over 100 clients in Australia and New Zealand and held AUD350 billion assets under custody and administration as of December 31, 2004. The Bank of New York has been conducting business in the Asia-Pacific region for over 50 years. The Company has 17 offices in 12 countries in the region, including full-service branches in Shanghai, Tokyo, Hong Kong, Singapore, Seoul, and Taipei, and employs over 1,500 staff. The Bank services the Australasian market through its representative office in Melbourne, its Sydney-based subsidiary BNY Securities Australia Limited, and BNY Trust (Australia) Pty Limited, a 50% owned joint-venture company focused on corporate trust and related activities. The Bank of New York Company, Inc. (NYSE: BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, investment management, and individual & regional banking services. The Company's extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at www.bankofny.com. Acquired by The Bank of New York in July 2005, Lynch, Jones & Ryan, Inc. is the pioneer in commission recapture and services more than 2,000 funds worldwide. Lynch, Jones & Ryan, Inc., member NASD/SIPC, is a wholly-owned subsidiary of BNY Brokerage Inc., member NYSE/NASD/SIPC.