On February 19, 2017, Northern Trust Corporation (the “Corporation”) entered into a definitive agreement with UBS AG to acquire UBS Asset Management’s fund administration servicing business in Luxembourg and Switzerland, for an initial purchase price of CHF 175 million (approximately $175 million) in cash, subject to adjustment. The transaction is expected to close in the second half of 2017, subject to applicable regulatory and fund board approvals and other customary closing conditions. A copy of the press release announcing the agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

About NORTHERN TRUST CORPORATION (NASDAQ:NTRS)

Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals around the world. The Company’s segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other. The Company conducts its business through various the United States and non-United States subsidiaries, including The Northern Trust Company (Bank). The Company has a network of offices in over 20 states in the United States, Washington, District of Columbia (D.C), and approximately 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. Asset Management, through the Company’s subsidiaries, supports the C&IS and Wealth Management segments by providing a range of asset management and related services, and other products to customers around the world.

NORTHERN TRUST CORPORATION (NASDAQ:NTRS) Recent Trading Information

NORTHERN TRUST CORPORATION (NASDAQ:NTRS) closed its last trading session down -0.14 at 87.20 with 913,571 shares trading hands.