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Northern Trust Acquires Waterline Partners

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					Northern Trust Acquires Waterline Partners
Northern Trust Strengthens Presence on U.S. West Coast

December 01, 2010 09:29 AM Eastern Time  

CHICAGO--(EON: Enhanced Online News)--Northern Trust (Nasdaq: NTRS) announced today that it has
acquired Waterline Partners, LLC, a top-ranked Los Angeles, Calif., investment advisory firm serving affluent
individuals and families. Terms of the agreement were not disclosed.

“We are delighted to announce a strategic acquisition that will bolster both our West Coast presence as well as our
capabilities for clients,” Northern Trust Chairman and Chief Executive Officer Frederick H. Waddell said.
“Waterline is highly regarded for its holistic approach to wealth management, making it an excellent fit with Northern
Trust’s client-focused investment strategies.” 

Joining Northern Trust is Waterline’s founder, chief investment officer and managing partner, Jeffery Coyle, and the
entire Waterline team. Waterline has $807 million in assets under management.

“Waterline has developed a strong reputation for designing custom investment portfolios that balance clients’ needs
for growth, income and preservation of capital,” said Sherry Barrat, president of Northern Trust’s Personal Financial
Services business unit. “We are pleased to welcome the clients, partners and staff of Waterline to Northern Trust.” 

“I am thrilled to join Northern Trust along with the Waterline team, and also to bring Northern Trust’s deep
resources and fiduciary expertise to our clients,” Coyle said. “We are very excited to offer our clients Northern
Trust’s full range of banking, investment management and trust services.” 

As of September 30, 2010, Northern Trust’s Personal Financial Services business unit had assets under
management of $149 billion and assets under custody of $349 billion.

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,
2010, Northern Trust had assets under custody of US$3.9 trillion, and assets under investment management of
US$657.2 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.

Contacts
Northern Trust Corporation
Investor Contact:
Bev Fleming, (312) 444-7811
Beverly_Fleming@ntrs.com
or
Media Contact:
Doug Holt, (312) 557-1571
Doug_Holt@ntrs.com
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