Update at a Glance

August 12, 2008

SourceNet Rated No. 1 Accounts Payable Outsourcing Vendor

For the third consecutive year, SourceNet Solutions — a division of The Bank of New York Mellon's Treasury Services group — was named the No. 1 accounts payable outsourcing services vendor in the 2008 Top 50 Best Managed Global Outsourcing Vendors list.

Compiled by The Brown-Wilson Group, authors of The Black Book of Outsourcing, the 2008 listing analyzed more than 24,000 validated responses from outsourcing users globally. The results ranked SourceNet No. 1 in 11 key performance categories, including:

• Vendor Overall Preference/Recommendation
• Deployment and Outsourcing Implementation
• Trust
• Customization
• Reliability
• Integration and Interfaces
• Brand Image
• Marginal Value Adds
• Viability
• Support and Customer Care
• Best of Breed Technology and Process Improvement

According to Leon Busch, SourceNet president and chief executive officer, "Achieving this outstanding ranking for the third consecutive year testifies to SourceNet's ability to achieve operational excellence within and across our client relationships, which, in turn, enables our clients to focus on building new revenue streams while reducing corporate risk."

For more information on the survey, visit www.sourcenetsolutions.com or e-mail us at treasury@bnymellon.com.