The Bank of New York Mellon Appointed as Depositary Bank by OGX Petroleo e Gas Participacoes...

The Bank of New York Mellon Appointed as Depositary Bank by OGX Petroleo e Gas
Participacoes S.A.

NEW YORK, May 18 /PRNewswire-FirstCall/ -- The Bank of New York Mellon (NYSE:
BK), the global leader in asset management and securities servicing, has been
selected by OGX Petroleo e Gas Participacoes S.A. ("OGX") as depositary bank
for its global depositary receipt (GDR) program. Each OGX ordinary share will
represent five GDRs. The OGX GDRs will trade on the over-the-counter market
under the symbol "OGXPY." The ordinary shares are listed on the Sao Paulo
Stock Exchange (BOVESPA) under the symbol "OGXP3."

OGX, part of the EBX Group, is Brazil's largest private sector oil and gas
company in terms of offshore exploration area. Its portfolio is composed of
22 exploratory blocks in the Campos, Santos, Espirito Santo and Para-Maranhao
Basins, which combined have a total area of 6,800 km2 (2,700 square miles).
In June 2008, the company raised funds in the order of R$6.7 billion in its
initial public offer, the largest amount ever raised in a Brazilian IPO.

"As we increase the Company's visibility throughout the global financial
markets, a GDR program will provide additional investors the opportunity to
participate in our growth," said Marcelo Torres, CFO of OGX. "We are pleased
to work with The Bank of New York Mellon, which has the expertise necessary to
execute our GDR program successfully."

"As OGX establishes a greater presence in the international markets, we will
put our specialized DR resources to work on its behalf," said Michael
Cole-Fontayn, chief executive officer of The Bank of New York Mellon's
Depositary Receipt Division. "We will work closely with the company to
develop customized outreach initiatives to help OGX, along with the EBX Group
Companies, elevate their profile among global investors."

The Bank of New York Mellon acts as depositary for more than 2,100 American
and global depositary receipt programs, acting in partnership with leading
companies from 67 countries. With an unrivalled commitment to helping
securities issuers succeed in the world's rapidly evolving financial markets,
the Company delivers the industry's most comprehensive suite of integrated
depositary receipt, corporate trust and stock transfer services. Additional
information is available at www.bnymellon.com/dr.

The Bank of New York Mellon Corporation is a global financial services company
focused on helping clients manage and service their financial assets,
operating in 34 countries and serving more than 100 markets. The company is a
leading provider of financial services for institutions, corporations and
high-net-worth individuals, providing superior asset management and wealth
management, asset servicing, issuer services, clearing services and treasury
services through a worldwide client-focused team. It has $19.5 trillion in
assets under custody and administration, $881 billion in assets under
management, services more than $11 trillion in outstanding debt, and processes
global payments averaging $1.8 trillion per day. Additional information is
available at www.bnymellon.com.

This release is for informational purposes only. The Bank of New York Mellon
provides no advice nor recommendation or endorsement with respect to any
company or securities. Nothing herein shall be deemed to constitute an offer
to sell or a solicitation of an offer to buy securities. Depositary Receipts:
Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or
Federal Agency Guarantee.

SOURCE The Bank of New York Mellon Corporation

Dori Flanagan, +1-212-815-2291, dori.flanagan@bnymellon.com, or Joe Ailinger,
+1-617-722-7571, joe.ailinger@bnymellon.com, both of The Bank of New York
Mellon Corporation