Company Press Release

Northern Trust Selected by Harding Loevner to Service U.S. Mutual Funds and Institutional Funds

CHICAGO, Oct 07, 2010 (BUSINESS WIRE) -- Northern Trust announced today that it has been selected by Harding Loevner to provide custody, fund administration and accounting services, transfer agency, and cash management services to the Harding Loevner Funds, its $3 billion U.S. mutual fund family. Northern Trust was also engaged as full service provider for Harding Loevner's U.S. based Collective Investment Trust for Retirement Plans and its Dublin-based UCITS funds.

Harding Loevner, a registered investment adviser, with $9 billion in assets under management as of September 30, 2010, invests globally in growing, financially-sound, well-managed companies. Harding Loevner offers six global and international portfolios; each managed according to the same quality growth investment philosophy and research-intensive stock selection process.

"Northern Trust's servicing model was very attractive to us. Their ability to assign quality people to our relationship and their use of flexible technology were important considerations in our decision. We were interested in a service provider that could consolidate all the functions required to support our products efficiently," said Ric Reiter, Chief Operating Officer of Harding Loevner. "Northern Trust has the global infrastructure to support our needs both now and in the foreseeable future, as we deliver products that involve investments around the world, including the frontier markets. Our focus is on managing our investment strategies for our clients and we expect Northern Trust to manage the operations of our funds, both in the US and overseas, to ensure a positive client experience."

"We are delighted to announce this significant new business relationship with Harding Loevner, a respected fund management organization that shares our commitment to transparency and integrity," said Peter Cherecwich, Chief Operating Officer for Corporate & Institutional Services at Northern Trust. "Our footprint in the U.S. mutual fund marketplace continues to grow, as investment managers recognize the strength of our brand and the depth and stability of our Global Fund Services team."

Northern Trust's Global Fund Services unit has been servicing investment manager and fund company clients for more than 30 years and has experience supporting a wide range of complex investment strategies. Northern Trust's GFS services more than 430 investment managers around the globe encompassing approximately 4,000 funds.

About Northern Trust

Northern Trust Corporation 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 June 30, 2010, Northern Trust had US $3.6 trillion in assets under custody, and US $603 billion in assets under investment management. For 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 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 and Northern Trust Fiduciary Services (Ireland) Limited are regulated by the Financial Regulator. Northern Trust Global Services Limited has a Netherlands Branch which is authorised and regulated in the Netherlands by De Nederlandsche Bank. 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 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. 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 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 operates in China as a Representative Office and is regulated by the China Banking Regulatory Commission. Northern Trust Global Investments Japan, K.K. is regulated by the Japan Financial Services Agency. Northern Trust Global Services Ltd (UK) Sweden Filial is Authorised by the Financial Services Authority and subject to regulation by the Finansinspektionen.

SOURCE: Northern Trust Corporation