Russell/Mellon hits $4 trillion in investment assets serviced (Russell.com)

Russell/Mellon hits $4 trillion in investment assets serviced
Milestone reached as company marks five-year anniversary

TACOMA, Wash., May 19, 2004 — Russell/Mellon, a leading provider of performance measurement services, today announced that it has crossed the $4 trillion mark in assets serviced for its more than 3,100 institutional investment clients located around the world. The investment assets serviced have doubled since the company was formed in 1999.

Russell/Mellon was formed five years ago by joining the performance measurement and data divisions of Russell Investment Group and Mellon Financial Corporation. At the time of its inception, Russell/Mellon provided performance measurement products and analytics to a client base representing 1,400 clients with more than $2 trillion in investment assets worldwide.

Russell/Mellon has grown by offering investment managers, fund sponsors, and consultants integrated reporting solutions for performance measurement, attribution, analytics, universe comparison, index services and compliance monitoring worldwide. Because of the size of the assets serviced and the data collection activities, Russell/Mellon offers some of the most comprehensive and robust universe comparison services available today.

"Russell/Mellon is 100 percent dedicated to our performance measurement business globally," said Bill Pryor, Russell/Mellon president and chief executive officer. "With solutions available across multiple asset classes and investment styles, combined with our broad continuum of reporting and information delivery capabilities, we see this as yet another significant milestone as we continue to grow our presence among institutional investors worldwide."

Russell/Mellon provides performance measurement, attribution, and investment analysis services to more than 3,100 institutional investors responsible for the management of more than $4 trillion in assets in 23 countries. Russell/Mellon's professional staff consists of more than 700 associates operating in 11 cities in six countries. Information about Russell/Mellon is available at www.russellmellon.com.

Contact: Tricia O'Connell (253) 396-6434