1. © 2009 Northern Trust Corporationnortherntrust.com FALL FOCUS 2009 INVESTMENT CONFERENCE Matthew Peron Director of Equity Research, NTGI Equity Research Overview

2. 2 2009 Fall FOCUS Investment Conference Equity Research Platform Mission: Provide Independent Fundamental Analysis  Industry & Company Analysis  Security Selection Team of Experienced Analysts  Typically have many years of experience in their sector  Focus on primary research

3. 3 2009 Fall FOCUS Investment Conference Equity Research Process Monthly Sector Overview Quarterly Investment Thesis Update Fundamental Proprietary Fundamental Research Thematic Reports Superior Company & Industry Knowledge Team of Experienced Sector Specialists FOCUS Research

4. 4 2009 Fall FOCUS Investment Conference An Experienced Team of Sector Specialist EnteredJoined NameTitleIndustryFirm Matthew Peron Director of Equity Research, NTGI 19902005 AnalystsIndustry Coverage Ellen Baras Consumer: Staples, Specialty Retail and Softlines 19912002 Marty Bukoll, JD.Healthcare: Pharmaceuticals, Biotechnology 19701996 Michael Drucker Health Care: Services, Medical Devices and Supplies 19922005 Alec Harrell, CFA Financials: Insurance, Asset Managers, REITs 20022007 Jackson Hockley, CFA Energy 19852001 Bill Hurley, CFA Utilities, Alt. Energy & Technology: Semiconductors and Handsets 19982004 William Hyatt, CFA Media, Leisure, Entertainment, Business Services 19781986 Deborah Koch, CFA Technology: Hardware, Communication Equipment, and Software 19852003 Christopher Shipley Financials: Banks, Brokers, Specialty 19972000 Sunitha Thomas, CFA Diversified Industrials 19942004 Edward Trafford, CFA Materials, Machinery, Transports 20002006 Brett Varchetto Consumer: Hardlines, Restaurants 19942001 Average Years in Industry 18 NTGI Equity Research Department Independent, nonbiased, fundamental process with proprietary financial projections

5. © 2009 Northern Trust Corporationnortherntrust.com FALL FOCUS 2009 INVESTMENT CONFERENCE Matthew Peron Director of Equity Research, NTGI Thank you.