Richard Vaughan to Join The Bank of New York Company, Inc. Board of Directors

Mr. Vaughan served as executive vice president and chief financialofficer of Lincoln Financial Group from 1995 until his retirement inMay 2005. He joined Lincoln in July 1990 as senior vice president andchief financial officer of Lincoln National's Employee BenefitsDivision. In June 1992, he was appointed chief financial officer forthe corporation. He was promoted to executive vice president inJanuary 1995. He was previously employed with EQUICOR from September1988 to July 1990, where he served as a vice president in charge ofpublic offerings and insurance accounting. Prior to that, Mr. Vaughanwas a partner at KPMG Peat Marwick in St. Louis, from July 1980 toSeptember 1988.

"We are fortunate to have the benefit of Rich's experience andinsight as he joins our corporate board," said Chairman and ChiefExecutive Officer Thomas A. Renyi. "He brings extensive expertise infinancial management and a keen understanding of the financialservices industry."

Mr. Vaughan holds a bachelor's degree in accounting from theUniversity of Missouri. A Certified Public Accountant (CPA), hisprofessional affiliations include the American Institute of CertifiedPublic Accountants and the Pennsylvania Institute of Certified PublicAccountants.

Mr. Vaughan joined the DaVita, Inc. Board of Directors in May 2005where he chairs its audit committee. He also served on the Board ofDirectors of Oxford Health Plans, Inc., and was chair of Oxford'sAudit Committee when it was acquired by United Health Plans in July2004. Other recent board and committee activities include: Chairman ofthe Philadelphia Museum of Art's Corporate Executive Board 2003-2005,Chairman of the Board of the YMCA of Philadelphia and Vicinity2003-2005, Moody's Financial Institutions CFO Council 2003-2004 andStandard & Poor's Insurance Ratings CFO Roundtable 2002-2005.

The Bank of New York Company, Inc. (NYSE: BK) is a global leaderin providing a comprehensive array of services that enableinstitutions and individuals to move and manage their financial assetsin more than 100 markets worldwide. The Company has a long traditionof collaborating with clients to deliver innovative solutions throughits core competencies: securities servicing, treasury management,investment management, and individual & regional banking services. TheCompany's extensive global client base includes a broad range ofleading financial institutions, corporations, government entities,endowments and foundations. Its principal subsidiary, The Bank of NewYork, founded in 1784, is the oldest bank in the United States and hasconsistently played a prominent role in the evolution of financialmarkets worldwide. Additional information is available atwww.bankofny.com.