Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, fiduciary and banking solutions for corporations, institutions and affluent individuals worldwide. Northern Trust, a multibank holding company based in Chicago, has a growing network of 84 offices in 18 U.S. states and has international offices in 12 locations in North America, Europe and the Asia-Pacific region.

With a focus on selected market niches, Northern Trust provides superior financial services including trust, banking, retirement and investment management for individuals - as well as trust/custody, treasury management, investment services, risk and performance services, and retirement services for corporations, institutions, and organizations worldwide.

Throughout its history, Northern has remained committed to meeting the diverse needs of its workforce and the communities it serves.
Our consistently strong financial performance, as of September 30, 2006, includes:

• $55 billion in banking assets
• $3.3 trillion in assets under custody
• $667 billion in assets under management

Each year Northern Trust is recognized as an industry leader in both the services we provide our clients and the innovations we offer as an employer. Recent distinctions include:

• Best Global Custodian in Asia Pacific
  Asia Asset Management magazine, February 2006
• Best Global Custodian in Asia Pacific
  ICFA, February 2006
• Custodian of the Year
  Global Pensions magazine, February 2006
• #1 Third Party Administrator / Outsourced Provider
  R&M Global Custody Survey, February 2006
• #1 Best Daily Research Foreign Exchange Survey
  Global Investor magazine, 2006

• 100 Best Corporate Citizens
  Business Ethics magazine, Spring 2006 (second consecutive year)
• 100 Best Companies for Working Mother's
  Working Mother magazine, September 2005 (14th consecutive year)
• Best Places to Work in Information Technology
  Computerworld Magazine, July 2005

• Asset Management Rankings
  Pensions & Investments 2006 Annual Report
• Total Worldwide Assets - 10th Largest
• Total Worldwide Institutional Assets - 7th Largest
• U.S. Institutional Tax-exempt Assets - 5th Largest
• Defined Benefit Assets* - 4th Largest
• Defined Contribution Assets* - 16th Largest
• Endowment / Foundation Assets* - 16th Largest
• Passive Domestic Indexed Equity* - 3rd Largest
• Passive Domestic Indexed Bonds* - 3rd Largest
• Passive International Indexed Securities* - 3rd Largest
• Private Equity* - 13th Largest
• Hedge Fund Strategies* - 13th Largest
• Enhanced Domestic Indexed Equity* - 11th Largest
• Enhanced Domestic Indexed Bonds* - 20th Largest
• Enhanced International Indexed Equity* - 10th Largest
• Convertible Securities* - 13th Largest
• High-yield Bonds* - 20th Largest

* U.S. Institutional tax-exempt assets

Rankings based on total worldwide assets under management of $617.9 billion as of
December 31, 2005.

• Best Transition Manager
  Pensions Management Magazine Awards, May 2006
• Best Manager of Managers
  Pensions Management Magazine Awards, May 2006
• Winner: Multi-Manager
  Global Investor Awards for Investment Excellence, April 2006
• Winner: U.S. Equity (Passive)
  Global Investor Awards for Investment Excellence, April 2006
• 8th Largest Investment Manager Worldwide
  Global Investor magazine, December 2005
• Rated #1 Global Securities Lender
  International Securities Finance magazine, September 2005
• Three "Best in Class" Honors
  Plansponsor Transition Management Survey, July 2005
• 3rd Largest Institutional Index Manager
  Pensions & Investments magazine, May 2005

• Outstanding Private Bank - The Americas Award
  Private Banking International magazine, December 2005
• Serving 22% of Forbes Most Affluent Families
  Forbes magazine, 2005
• Largest Personal Trust Company in the U.S.
  SNL Financial magazine, 2005
• Among the Highest Rankings for Trustworthiness and Objectivity
  Spectrem Group, 2005