Russell Commission Recapture Saves Clients $1 Billion (Russell.com)

Russell Commission Recapture Saves Clients $1 Billion

Tacoma, Wash. — March 20, 2006 — Russell Investment Group's commission recapture program has now surpassed $1 billion in total savings for its institutional clients.

"Commission recapture savings represent hard dollars that have gone back to our clients' funds," said Quinn Zimmerman, global head of commission management at Russell. "Russell is a true pioneer in the commission recapture space, and we take great pride in our legacy of bringing this service to the level where it operates today. We're honored to have helped our clients reach this record-breaking milestone."

Russell initiated its commission recapture efforts in 1969, and over half of the $1 billion client savings occurred in the last five years. Russell's commission recapture service is available in more than 85 countries, and the team currently works with over 415 plan sponsors and sub advised clients. These organizations are among the largest and most sophisticated plan sponsors globally.

"We anticipate commission recapture will become one part of a larger and more comprehensive approach," said Zimmerman. "Russell will continue to lead the way in commission recapture and we will develop and introduce new products, services and solutions that will diversify our clients' ability to manage and maintain transaction costs."

In addition to commission recapture, Russell offers its clients several other implementation tools to help improve net investment returns, including transition management, policy implementation, portable alpha and agency currency execution. For three decades, Russell researched the discovery and implementation of techniques designed to minimize the cost of strategic portfolio changes by its clients. Russell's global implementation services team currently includes 105 specialists who handle implementation issues for clients representing more than $4 trillion in assets.

More information is available at www.russell.com/crbill

About Russell
Russell Investment Group, a global leader in multi-manager investing, provides investment products and services in more than 44 countries. Russell manages more than $155 billion in assets for advisory clients as of December 31, 2005, and provides other financial services to clients worldwide representing more than $2.4 trillion. In 2006, and for the fifth time since 1999, Russell is ranked among the Fortune Magazine's 100 Best Companies to Work For in America.

Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash., with additional offices in New York, Toronto, London, Paris, Sydney, Singapore, Auckland and Tokyo.

Contacts:
Jennifer Tice, 253-439-2921
Matt Burkhard, 718-875-2122

Russell Investment Group is a registered trade name of Frank Russell Company, a Washington, USA corporation, which operates through subsidiaries worldwide. Frank Russell Company is a subsidiary of The Northwestern Mutual Life Insurance Company.

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