N@N

CHANNEL ISLANDS--([ BUSINESS WIRE ])--Northern Trust (Nasdaq:NTRS) announced today that Dave Sauvarin has assumed responsibility as managing director of its Jersey office. Sauvarin, who was most recently head of Northern Trustas UK listed real estate administration team in Guernsey, replaces Paul Guilbert, who has been appointed as head of private equity in Guernsey.

"Guernsey and Jersey are both leading international funds locations and offer unique opportunities for promoters of both conventional and alternative funds"

In his role, Sauvarin is responsible for managing Northern Trustas Jersey office, which provides specialist services and expertise for a range of traditional and alternative assets including real estate, private equity, infrastructure funds, hedge and fund of hedge funds administration.

During a 15 year career with Northern Trust, Sauvarin has had broad experience across risk management and fund administration. In 2006 he moved into Northern Trustas real estate fund administration operations, assuming responsibility for teams specialising in commercial real estate investment, stock exchange listings and real estate product development and projects. He will report to Paul Cutts, who was recently appointed as country head for the Channel Islands.

aGuernsey and Jersey are both leading international funds locations and offer unique opportunities for promoters of both conventional and alternative funds,a said Paul Cutts, Country Head Channel Islands. aAs head of the Jersey office, Dave will leverage his broad experience to build on Paul Guilbertas contribution to the Jersey office. Paul meanwhile will return to Guernsey in a key strategic role to lead our dedicated Guernsey private equity administration business which, with private equity funds with committed capital of US$47.8 billion under administration, is Northern Trust's largest global private equity asset servicing centre."

Guilbert joined Northern Trust in 1997 and has worked extensively across the private equity industry. In his new role, he is responsible for managing Northern Trustas dedicated private equity fund administration team in Guernsey which experienced assets under administration growth of 10 percent in the 12 months to June 2011. He replaces Dave Sullivan who has returned to Northern Trust in Chicago. Guilbert will continue to retain his role as head of Northern Trustas global private equity fund administration operations.

Sauvarinas and Guilbertas appointments follow the recently announced Lipper Results which rank Northern Trust as the largest fund administrator in Guernsey. The Lipper Results also highlight that private equity and venture capital funds now account for 46 percent of all funds domiciled in Guernsey.

About Northern Trust

Northern Trust Corporation (Nasdaq:NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2011, Northern Trust had assets under custody of US$4.1 trillion, and assets under investment management of US$644.2 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit [ www.northerntrust.com ].

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S.

The Northern Trust Company, London Branch (reg. no. BR001960), Northern Trust Global Investments Limited (reg. no. 03929218) and Northern Trust Global Services Limited (reg. no. 04795756) are authorised and regulated by the Financial Services Authority.

The material within and any linked material accessed via this communication is directed to eligible counterparties and professional clients only and should not be distributed to or relied upon by retail investors. For Asia Pacific markets, it is directed to institutional investors, expert investors and professional investors only and should not be relied upon by retail investors.

Northern Trust (Guernsey) Limited, Northern Trust Fiduciary Services (Guernsey) Limited, and Northern Trust International Fund Administration Services (Guernsey) Limited are licensed by the Guernsey Financial Services Commission. Northern Trust International Fund Administrators (Jersey) Limited and Northern Trust Fiduciary Services (Jersey) Limited are regulated by the Jersey Financial Services Commission. Northern Trust International Fund Administration Services (Ireland) Limited, Northern Trust Securities Services (Ireland) Limited and Northern Trust Fiduciary Services (Ireland) Limited are regulated by the Central Bank of Ireland. Northern Trust Global Services Limited has a Luxembourg Branch, which is authorised and regulated by the Commission de Surveillance du Secteur Financier (CSSF). Northern Trust Luxembourg Management Company S.A. is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Northern Trust Global Investments Limited has a Netherlands branch, which is authorised by the Financial Services Authority and subject to regulation in the Netherlands by the Autoriteit Financile Markten. Northern Trust Global Services Limited has a Netherlands Branch, which is authorised and regulated in the Netherlands by De Nederlandsche Bank. Northern Trust Global Investments Limited has a Sweden branch, which is authorised by the Financial Services Authority and subject to regulation in Sweden by the Finansinspektionen. Northern Trust Global Services Ltd (UK) Sweden Filial is authorised by the Financial Services Authority and subject to regulation by the Finansinspektionen. Northern Trust Global Services Limited operates in Abu Dhabi as a Representative Office. Our registered office is authorised and regulated by the Central Bank of the United Arab Emirates. The Northern Trust Company operates in Australia as a foreign authorised deposit-taking institution (foreign ADI)and is regulated by the Australian Prudential Regulation Authority. The Northern Trust Company has a branch in China regulated by the China Banking Regulatory Commission. The Northern Trust Company of Hong Kong Limited is regulated by the Hong Kong Securities and Futures Commission. Northern Trust Global Investments Japan, K.K. is regulated by the Japan Financial Services Agency. The Northern Trust Company has a Singapore Branch, which is a foreign wholesale bank regulated by the Monetary Authority of Singapore. The Northern Trust Company operates in Canada as The Northern Trust Company, Canada Branch, which is an authorised foreign bank branch under the Bank Act (Canada). Trustee related services in Canada are provided by the wholly owned subsidiary The Northern Trust Company, Canada, an authorised trust company under the Trust & Loans Companies Act (Canada). Deposits with The Northern Trust Company and its affiliates and subsidiaries are not insured by the Canada Deposit Insurance Corporation.

IRS CIRCULAR 230 NOTICE: To the extent that this message or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. For more information about this notice, see [ http://www.northerntrust.com/circular230 ].