The Bank of New York Mellon Appointed Depositary Bank by GB Auto

NEW YORK, June 1 /PRNewswire-FirstCall/ -- The Bank of New York Mellon (NYSE:
BK), the global leader in asset management and securities servicing, has been
selected by GB Auto S.A.E. as the depositary bank for its Global depositary
receipt (GDR) program. Each GB Auto GDR represents five ordinary shares. The
GDRs trade on the over-the-counter (OTC) market. GB Auto's ordinary shares
trade on the Egyptian Exchange (EGX) under the symbol "AUTO."

GB Auto is an automotive assembler and distributor in the Middle East and
North Africa. Based in Cairo, the company assembles, imports and distributes
passenger cars under the Hyundai brand, as well as commercial vehicles (buses,
trucks and trailers) under the Volvo, Mitsubishi, Hyundai and Ghabbour brands.
GB Auto is also a distributor of motorcycles and scooters, offers a full line
of global brand-name construction equipment, and operates Egypt's largest
network of automotive sales and service centers.

"Our new GDR program is an important component of our ongoing effort to become
even more accessible to global investors," said GB Auto Chief Executive
Officer Dr. Raouf Ghabbour. "We are very pleased to be working with The Bank
of New York Mellon as depositary, allowing international investors to trade GB
Auto shares on the OTC markets."

"As the leading depositary bank in the Middle East and Egypt, we are very
pleased to be partnering with such a significant presence in the Middle East
and North Africa's automotive world, further strengthening that region's ties
with world markets," said Michael Cole-Fontayn, chief executive officer of The
Bank of New York Mellon's Depositary Receipt Division. "We look forward to
applying our expertise to help GB Auto develop strategic outreach initiatives
designed to broaden its international shareholder base."

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