London, June 22, 2010 – Brown Brothers Harriman (BBH) announced today the expansion of its EMEA securities lending team with the addition of four additional senior executives. David Lewis, Jacqueline Waller, Céline Emond and Samantha Peppiatt have joined BBH's team to focus on relationship management and business development activities across the EMEA region.

"The shift in beneficial owner sentiment towards customised, intrinsic value lending programs is leading to significant new business for our program across regions. Our EMEA business in particular has grown significantly in recent months as beneficial owners move into our program from exclusive arrangements and other agent lending programs," said Keith Haberlin, Head of BBH's Securities Lending business for Europe & the Middle East. "The addition of David, Jacqui, Céline and Sam ensures that we have the requisite talent to respond to the growth of our business whilst maintaining the service excellence our clients expect from BBH."

David Lewis has fifteen years of securities lending experience, most recently at J.P.Morgan where he was responsible for relationship management of securities lending clients in the EMEA region. Jacqueline Waller joins BBH having spent fourteen years in a broad range of senior roles in Northern Trust's securities lending business including trading, relationship management and business development. Céline Emond has eleven years of financial services experience and has spent the past six years in BBH's Luxembourg office, covering the firm's Investor Services relationships with Dutch, Belgian and French clients. Samantha Peppiatt joins securities lending from BBH’s Investor Services business where she has worked as a Relationship Manager for the past four years. Ms. Peppiatt has twenty-six years of financial services experience.

About Brown Brothers Harriman

A global leader with close to 200 years of experience, Brown Brothers Harriman is a privately-held financial services firm that helps many of the world's most sophisticated mutual funds, investment managers, banks and insurance companies achieve their international business objectives. The Firm’s partnership structure and close management allows independence and alignment of interests with its clients, creating lasting relationships built on a foundation of integrity, experience, and trust. BBH’s Investor Services business provides cross border, institutional, administration, and execution services for many of the world’s leading asset managers and financial institutions in close to 100 markets. With approximately $2.4 trillion1 in assets under custody, BBH is consistently ranked among the world's top global custodians, asset administrators, foreign exchange, and securities lending providers2. For more information about Brown Brother’s Harriman’s unique, integrated approach, please visit www.bbh.com.

About BBH Global Securities Lending

BBH Global Securities Lending leverages the firm’s resources to achieve customized solutions and optimized performance for every client, providing third party and custodial lending services via traditional agency and agency exclusive arrangements. Supporting our commitment to clients is our 100% client satisfaction3 rating achieved each year in the Global Custodian Securities Lending Surveys, where BBH was named the #1 Global Securities Lending Provider in 2009 and 2010. The firm was also ranked the #1 provider across multiple categories in the 2009 and 2010 Global Investor Beneficial Owners Survey, including Responsiveness to Market Conditions, Risk Management, and Relationship Management. For more information, please visit www.bbh.com/securitieslending.

1 As of March 31, 2010

2 As measured by results in major industry surveys. Please see www.bbh.com/accolades for a comprehensive listing of recent industry accolades.

3 Source: Global Custodian Magazine - 2008, 2009, and 2010 Securities Lending Surveys.