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Northern Trust Announces Proposed Capital Actions



  Northern Trust Announces Proposed Capital Actions

               Federal Reserve Does Not Object to Capital Plan

Business Wire

CHICAGO -- March 14, 2013

Northern Trust Corporation (Nasdaq: NTRS) today announced that it received no
objections from the Federal Reserve to the proposed capital actions contained
in its 2013 Capital Plan.

Northern Trust’s Capital Plan, which was approved by its Board of Directors
prior to submission to the Federal Reserve, requested authority to increase
its quarterly common stock dividend to $0.31 per share from $0.30 per share,
effective in the second quarter of 2013. At its regular April meeting,
Northern Trust’s Board of Directors will consider formal approval of the
planned dividend increase, which is expected to be payable July 1, 2013.

In addition, Northern Trust’s Capital Plan provides for the repurchase of up
to $400 million of its common stock through the open market or in privately
negotiated transactions between April 2013 and March 2014. The timing of the
common stock repurchases and the exact number of shares repurchased will
depend on various factors, including Northern Trust’s capital position,
internal capital generation, market conditions, and other investment
opportunities.

“Northern Trust continues to have a strong capital position, focused business
model and conservative risk profile, and we are pleased that the Board will
consider a dividend increase at its April 16, 2013 meeting,” Northern Trust
Chairman and Chief Executive Officer Frederick H. Waddell said. “We believe
our Capital Plan, and the meaningful increase in capital distributions that it
included, demonstrates the strength of Northern Trust’s financial position.”

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 December 31, 2012, Northern
Trust had assets under custody of US$4.8 trillion, and assets under investment
management of US$758.9 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 or follow us on Twitter @NorthernTrust.

Contact:

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
http://www.northerntrust.com
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