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Northern Trust Helps Investment Managers Achieve and Maintain GIPS Compliance

Northern Trust Composite Management System (NTCMS) automates GIPS-compliant reporting and marketing materials for investment managers that receive performance measurement services through the Investment Risk & Analytical Services group. NTCMS is accessed through Northern Trust's multifaceted web portal, Passport, and allows clients to efficiently manage performance composites, create performance reports and warehouse their data in a single, integrated application.

"Compliance with GIPS is not mandatory, but investment managers have found the standards are a crucial guide to providing the transparency that investors demand," said Paul d'Ouville, Head of Product Management at Northern Trust. "We continually look for ways to make it easier for our clients to manage their reporting requirements. Our single operating platform allows information from our performance calculation engine to flow seamlessly to the NTCMS reporting module. This automated process eliminates manual intervention and provides clients with accurate and timely composite results which can then be used in client presentations and verified for GIPS compliance."

With NTCMS, investment managers can create detailed audit reports to track changes in data required to generate composites and identify any changes that may affect compliance, such as portfolios falling below the minimum account size. Clients can also generate reports that support the GIPS verification process, reducing the time spent collecting data during verification. Additional functionality includes white labeling reports; multicurrency reporting; creating, building and locking composites; assigning benchmarks; and the option to create output in multiple formats. NTCMS operates in a secure environment and provides an interface that is intuitive and easy to use.

In addition to direct use by investment managers, Northern Trust's Investment Risk & Analytical Services team will utilize this tool to support clients that have outsourced GIPS composite maintenance and production to Northern Trust.

Established by the CFA Institute, the GIPS standards were updated in 2010 to address more comprehensive asset valuations, the importance of risk and an increased understanding of GIPS verification. Northern Trust's Investment Risk & Analytical Services product team is committed to incorporating updates to the GIPS standards into the NTCMS framework.

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 March 31, 2011, Northern Trust had assets under custody of US$4.4 trillion, and assets under investment management of US$662.2 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.

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.

• 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.
• 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 and Northern Trust Fiduciary Services (Ireland) Limited are regulated by the Central Bank of Ireland.
• 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 Netherlands branch which is authorised by the Financial Services Authority and subject to regulation in The Netherlands by the Autoriteit Financiele Markten.
• 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 Services Ltd (UK) Sweden Filial is Authorised by the Financial Services Authority and subject to regulation by the Finansinspektionen.
• 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 Limited operates in Abu Dhabi as a Representative Office, Licence number 13/238/2008 which is authorised and regulated by the Central Bank of the United Arab Emirates.
• The Northern Trust Company operates in Canada as The Northern Trust Company, Canada Branch which is an authorized 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 authorized 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.
• Northern Trust operates in Australia as a foreign authorised deposit-taking institution (foreign ADI) and is regulated by the Australian Prudential Regulation Authority and the Australian Securities & Investments Commission (AFS Licence No: 314970).
• The Northern Trust Company of Hong Kong Limited is a securities company regulated by the Securities and Futures Commission.
• 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 has a branch in China regulated by the China Banking Regulatory Commission.
• Northern Trust Global Investments Japan, K.K. is regulated by the Japan Financial Services Agency.

Northern Trust Corporation
North America and Asia-Pacific
John O'Connell, 312-444-2388
John_O'Connell@ntrs.com
or
Europe, Middle East and Africa
Camilla Greene, +44 (0) 207 982 2176
Camilla_Greene@ntrs.com
http://www.northerntrust.com/cts