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Mellon Financial Corporation to Present on November 15 at the Merrill Lynch Banking & Financial Services Conference

PITTSBURGH, November 10, 2006 — James P. Palermo, vice chairman and head of Mellon Asset Servicing, will participate in a panel discussion on the opportunities for growth in asset servicing in Europe at the Merrill Lynch Banking & Financial Services Conference at 12:55 p.m. EST on Wednesday, November 15, 2006 in New York. The presentation may include forward-looking and other material information.

A live webcast of the audio portion of the conference will be available at Mellon's Web site (www.mellon.com/investorrelations). An archived version of the audio portion will be available at the same Web site, beginning at approximately 5 p.m. EST on November 15, and will remain available until 5 p.m. EST on Wednesday, November 29.

Mellon Financial Corporation is a global financial services company. Headquartered in Pittsburgh, Mellon is one of the world's leading providers of financial services for institutions, corporations and high net worth individuals, providing asset management, private wealth management, asset servicing and payment solutions and investor services. Mellon has approximately $5.3 trillion in assets under management, administration or custody, including $918 billion under management. News and other information about Mellon is available at www.mellon.com.

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