LONDON, November 2 /PRNewswire/ --

- Specialist technology delivers accurate, timely and transparent 
information

As part of its overall strategy for growing and developing its
alternative fund administration business, Northern Trust (Nasdaq: NTRS) is
strengthening its real estate fund administration capabilities with a new
specialist technology platform that will form the foundation of its world
class service to real estate fund managers around the globe.

"Real estate managers and their investors need access to accurate, timely
and transparent information across the spectrum of their real estate
portfolio," said Sascha Calisan, real estate fund administration product
manager at Northern Trust.

"Growing complexity of structures and investment techniques, combined
with increasing focus on governance and risk controls, requires flexibility
that only a bespoke solution can deliver. Northern Trust has made a strategic
investment in technology that will enable us to better meet our clients'
needs and those of their dynamic investor base."

The system, which will be rolled out in Europe initially and ultimately
to clients located across the globe, will be fully integrated into Northern
Trust's online client portal, Passport, enabling clients to access their cash
positions, net asset values and all of the reporting information that they
require. In addition, it will be linked seamlessly to other Northern Trust
services such as banking, transfer agency, over-the-counter (OTC) derivative
processing, foreign exchange and, potentially, other services that may add
value to Northern Trust's real estate clients

"Following consultation with a number of real estate fund managers, it
was clear there was an opportunity for a single fund administrator, such as
Northern Trust, who could provide a comprehensive and consistent service to
real estate managers, across multiple jurisdictions," said Peter Cherecwich,
Chief Operating Officer for Corporate and Institutional Services at Northern
Trust.

"We have sought out a strategic market-leading solution that will give us
the flexibility to tailor solutions for our clients that continue to meet the
growing complexity of the real estate funds industry - whether that is
supporting the processing of high volume cash flows from a large property
portfolio with multiple tenants, or symmetrical processing of inter-company
transactions," Cherecwich said.

The system has been bought under license from Intuit Real Estate
Solutions, a leading provider of property, asset and investment management
software for real estate organisations around the world.

Benefits of the new platform for Northern Trust include being able to
offer robust, customised, cutting-edge fund administration capabilities
across all the markets in which it operates real estate fund administration
business. The platform will also optimise linkages between the investor,
administrator, banker, fund manager, and property manager, through a single
solution.

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,
2009, Northern Trust had assets under custody of US$3.6 trillion, and assets
under investment management of US$611 billion. 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.

Northern Trust operates in Australia as a foreign authorised
deposit-taking institution (foreign ADI) and is regulated by the Australian
Prudential Regulation Authority.

Northern Trust in Hong Kong is a securities company regulated by the
Securities and Futures Commission.

Northern Trust in Singapore is a foreign wholesale bank regulated by the
Monetary Authority of Singapore.

Northern Trust operates in China as a Representative Office and is
regulated by the China Banking Regulatory Commission.

Northern Trust (Guernsey) Limited, Northern Trust Fiduciary Services
(Guernsey) Limited, Northern Trust Fiduciary Company (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 Global Services is authorised and regulated in the
Netherlands by De Nederlandsche Bank.

Northern Trust Global Services Limited Luxembourg Branch is authorised
and regulated by the Financial Services Authority and in Luxembourg by the
Commission de Surveillance du Secteur Financier (CSSF) and Northern Trust
Luxembourg Management Company S.A. is regulated by the CSSF.

Northern Trust Global Services Limited - Abu Dhabi. Representative
Office, Licence number 13/238/2008.

Where Northern Trust's UK entities undertake regulated business, they are
authorised and regulated in the United Kingdom by the Financial Services
Authority.

Northern Trust International Fund Administration Services (Ireland)
Limited and Northern Trust Fiduciary Services (Ireland) Limited are regulated
by the Financial Regulator.

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 Global Services Ltd (UK) Sweden Filial is a BCD Passported
branch of Northern Trust Global Services Ltd a firm authorised and regulated
in the UK by the Financial Services Authority ('FSA').