BNY Mellon ARX Investimentos Named Top Brazilian Equities Manager for 2011 by Standard & Poor's

London and New York - 17 April 2012

BNY Mellon Asset Management Boutique Receives Top Honor for Second Consecutive Year

LONDON and NEW YORK, April 17, 2012 /PRNewswire/ -- BNY Mellon ARX Investimentos, the Brazilian investment specialist for BNY Mellon Asset Management, has been named winner of the Top Management Award in the equity category in Brazil for the second consecutive year by Standard & Poor's, the highly regarded ratings agency. The award will be published in a special edition of Valor Investe, a monthly magazinethat is part of Brazil'smost important business newspaper, Valor Economico.

BNY Mellon ARX demonstrated high quality in its investment process and investment management, and its managers achieved consistent average risk-adjusted performance to capture the award. In addition to winning the Standard & Poor's award for 2011, BNY Mellon ARX also was named as the top equity manager for 2011 by Exame, a leading publication which publishes an extensive survey of investment funds in Brazil, prepared by the Center for Studies in Finance at Fundacao Getulio Vargas (FGV).

BNY Mellon ARX Investimentos, focused on asset management in Brazil,manages US$5.5 billion in active management in hedge, equity and fixed income strategies, with a diversified client base including high net worth, corporations, endowments and foundations. The various investment strategies and vehicles managed by BNY Mellon ARX that were the basis for the foregoing ratings and awards may not be offered or available in jurisdictions where this release is issued

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