www.northerntrust.com/oncampus Presentation: Tuesday, Jan 25 8:15 - 9:00 (45 minutes) Prepared Comments: 30 minutes Q&A: 15 minutes ---------------------------------------------------------------- www.northerntrust.com/oncampus

Financial Success

Northern Trust Snapshot Bank Assets Trust Assets Managed Assets Fees / Revenue Trust Fees / Revenue PFS Offices Global Custody Assets Number of Markets $33 Billion $1.7 Trillion $323 Billion 71% 56% 85 $315 Billion 80

Focused on Just Two Businesses 49% Personal Financial Services Corporate and Institutional Services 51% Worldwide Operations and Technology Northern Trust Global Investments Based on 1999 Revenues

Opportunities New business momentum has been just phenomenal, and 1999 capped it off with 80% growth over a strong 1998. These figures are new trust business sold - stated in terms of annualized fees - less lost business. In Illinois, our average new account size rose from about $2.8 million in assets in 1998 to $4 million in 1999. And we brought in over 40 accounts with $10 million or more in assets, just in Illinois. (T. Riordan to confirm the 40 figure)

Corporate Executive/Business Consulting Staff Auditor Training Assignments/Projects Audits Consulting Projects Career Development Opportunities Career Path

- Northern Trust - The Company to Work For Northern Trust Global Investments

Making a Splash

PUTTING PEOPLE FIRST PUTS Northern Trust Corporation is listed in Fortune magazine's third annual survey of the 100 best companies at which to work. Northern Trust was the only Chicago company and one of three Illinois companies to be selected for this listing. In its snapshots of the winning companies, Fortune highlighted Northern Trust's on- site child care, Employee Stock Ownership Plan and flexible work schedules as contributing to its inclusion on the list.

PUTTING PEOPLE FIRST PUTS Northern Trust Corporation was also listed recently in Computerworld magazine as having one of the top 100 Information Technology (IT) areas in which to work. In defining the criteria for selecting the winners, Computerworld focused on the requirements for a challenging and rewarding working environment for IT employees and emphasized how important these factors can be to a company's success. The magazine's survey considered interesting projects, flexibility, opportunities for advancement, diversity, benefits and interest in the overall well- being of employees in compiling the top 100 list.

2000 Catalyst Award PUTTING PEOPLE FIRST PUTS A non-profit organization that works for the advancement of women in business 2000 Catalyst Award Northern Trust was named one of this year's three winners of the highly acclaimed Catalyst Award, which recognizes companies that have outstanding initiatives in place for the advancement of women in their firms. The nonprofit Catalyst organization's goal is to advance women in business and the professions, working with corporations and professional firms to identify issues and develop action strategies related to the recruitment, retention and advancement of women.

Benefits Training Tuition Reimbursement Medical & Dental Vacation Fitness Center Parking Presentation: Tuesday, Jan 25 8:15 - 9:00 (45 minutes) Prepared Comments: 30 minutes Q&A: 15 minutes ----------------------------------------------------------------

www.northerntrust.com/oncampus Val Gatson LG18@ntrs.com Presentation: Tuesday, Jan 25 8:15 - 9:00 (45 minutes) Prepared Comments: 30 minutes Q&A: 15 minutes ---------------------------------------------------------------- www.northerntrust.com/oncampus Val Gatson LG18@ntrs.com