Press Release

Macquarie Financial chooses CIBC Mellon for asset servicing

Toronto, June 2, 2008 - Today, CIBC Mellon Global Securities Services Company announced its appointment by Macquarie Financial to provide asset servicing for their corporate assets.

“As we grow in Canada we need a dependable asset servicing supplier,” said Grant MacKenzie, chief executive officer of Macquarie Financial. “CIBC Mellon offers us an efficient and risk-controlled solution to meet our growth objectives”.

“Macquarie Financial provides innovative financial services to the mortgage industry,” said Thomas C. MacMillan, president and chief executive officer, CIBC Mellon.  “We are delighted to support its continued expansion in Canada by providing high quality asset servicing solutions and flexible access to accurate portfolio data.”

Macquarie Financial Ltd., a member of the Macquarie Group, is a Canadian mortgage lender committed to providing residential mortgage solutions to Canadians. Macquarie Financial is headquartered in Toronto with additional offices in Vancouver, Calgary and Montreal.

CIBC Mellon is 50-50 jointly owned by Canadian Imperial Bank of Commerce and The Bank of New York Mellon Corporation.  CIBC Mellon Global Securities Services Company is a leading provider of financial services for institutions and corporations, providing superior asset servicing, multicurrency accounting, information delivery, securities lending and foreign exchange services in Canada. CIBC Mellon is part of BNY Mellon Asset Servicing, which has more than US$ 23 trillion in assets under custody and administration.

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Contact: Cheryl Ficker, director, corporate affairs, CIBC Mellon 416-643-6368