BNY Mellon Shareowner Services Introduces Enhancements to Options Exchange Program...

BNY Mellon Shareowner Services Introduces Enhancements to Options Exchange
Program Solutions Offering

Refinements Respond to Marked Changes in the Options Exchange Program
Landscape

JERSEY CITY, N.J., May 27 /PRNewswire/ -- BNY Mellon Shareowner Services today
announced the introduction of a series of enhancements to its stock options
exchange program solutions offering that reflect changing conditions in the
options exchange program environment.

Focused on global election support -- notably the expansion of multi-lingual
services -- the enhancements respond to key options exchange program
performance requirements: robust record keeping and accounting for existing
options; experienced consultative support to help ensure that the form of
consideration being exchanged for existing options is well suited to the
company and its employees; assistance with securing shareholder approvals;
strong global employee communication capabilities; and sophisticated
processing systems and platforms for use in providing information to employees
and quickly and efficiently carrying out their elections.

Designed to restore the incentive aspect of stock options plans during
difficult economic periods, options exchange programs serve the same basic
purpose today that they did when they debuted during the dot-com downturn
nearly a decade ago. But the backgrounds of companies currently considering
options exchange programs often are much different. More varied in terms of
industry classification, they also tend to employ much larger, more diverse
and more global workforces. "Reinforcing the global scope of our time-tested
solutions, the refinements we've introduced are helping a new generation of
clients move underwater options programs to higher ground," said Samir
Pandiri, chief executive officer of BNY Mellon Shareowner Services.

Among the largest providers of stock transfer services in the U.S., BNY Mellon
Shareowner Services offers a comprehensive suite of products and services
ranging from corporate action record keeping to demutualizations, direct
investment, dividend reinvestment, proxy solicitation and employee stock plan
administration. BNY Mellon Shareowner Services is part of The Bank of New York
Mellon's Issuer Services group, which is also a leading provider of corporate
trust services, serving more than $11 trillion in outstanding debt, and is the
market leader in depositary receipts with more than 1,270 sponsored programs.
More information about Shareowner Services is available at
www.bnymellon.com/shareowner.

The Bank of New York Mellon Corporation (NYSE: BK) 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.

SOURCE BNY Mellon Shareowner Services

Ron Sommer, +1-412-236-0082, ron.sommer@bnymellon.com