Press Release

CIBC Mellon receives a bank financial strength rating of B- and a long-term issuer rating of Aa2 from Moody's Investors Service

Toronto, July 18, 2008 - Today, Moody’s Investors Service assigned a bank financial strength rating of B- and a long-term issuer rating of Aa2 to CIBC Mellon Trust Company, citing the company’s excellent standing in its primary Canadian market (asset servicing and issuer services), robust governance discipline, excellent capitalization, a lack of material credit risk, and an operations and technology platform, available through its relationship with The Bank of New York Mellon, that allows CIBC Mellon to benefit from economies of scale and service.

“We are pleased that Moody’s has recognized CIBC Mellon’s financial performance, commitment and service offerings with a bank financial strength rating of B- and a long-term issuer rating of Aa2,” said Thomas C. MacMillan, president and chief executive officer of CIBC Mellon.  “These ratings provide our clients with assurances of our strong and effective approaches to governance, risk and control.  The ratings also recognize our strong relationship with our parents, and specifically, our ability to offer unmatched world class solutions to the Canadian market.”

CIBC Mellon Trust Company is 50-50 jointly owned by Canadian Imperial Bank of Commerce and The Bank of New York Mellon Corporation. CIBC Mellon Trust Company is a leading provider of trust services in Canada offering stock transfer, corporate trust and plan administration services.  CIBC Mellon Trust Company serves the needs of more than 1,200 stock and bond issuing clients and millions of their investors.  CIBC Mellon Trust Company is a sister company to CIBC Mellon Global Securities Services Company and acts as a deposit taking institution for its custodial clients.

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