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BNY MELLON INVESTMENT FUNDS III

SERVICE PLAN

Introduction: It has been proposed that the above-captioned investment company (the "Trust"), consisting of distinct portfolios of shares, amend and restate its Service Plan relating to Class C shares of the portfolio(s) set forth on Exhibit A hereto, as such Exhibit may be revised from time to time (individually, a "Fund" and collectively, the "Funds"), in accordance with Rule 12b-1 promulgated under the Investment Company Act of 1940, as amended (the "Act"). Under the Amended and Restated Service Plan (the "Plan"), a Fund would pay for the provision of services to shareholders of Class C shares of the Fund. The Distributor would be permitted to pay certain financial institutions, securities dealers and other industry professionals (collectively, "Service Agents") in respect of these services. The fee under the Plan is intended to be a "service fee" as defined in Rule 2341 of the Conduct Rules of the Financial Industry Regulatory Authority. Pursuant to the Act and said Rule 12b-1, this written plan describing all material aspects of the proposed financing is being adopted by the Trust, on behalf of each Fund.

The Trust's Board, in considering whether a Fund should implement a written plan with respect to its Class C shares has requested and evaluated such information as it deemed necessary to make an informed determination as to whether a written plan should be implemented and has considered such pertinent factors as it deemed necessary to form the basis for a decision to use Fund assets attributable to its Class C shares for such purposes.

In voting to approve the implementation of such a plan with respect to a Fund's Class C shares the Board members have concluded, in the exercise of their reasonable business judgment and in light of their respective fiduciary duties, that there is a reasonable likelihood that the plan set forth below will benefit the Fund and the holders of its Class C shares.

The Plan: The material aspects of this Plan are as follows:

1. A Fund shall pay to the Distributor, or any affiliate thereof designated by it, an amount equal to an annual rate of .25% of the value of the Fund's average daily net assets attributable to its Class C shares. Such payments shall be for the provision of personal services to shareholders of and/or the maintenance of shareholder accounts in Class C shares of a Fund. The Distributor shall determine the amounts to be paid to Service Agents and the basis on which such payments will be made. Payments to a Service Agent are subject to compliance by the Service Agent with the terms of any related Plan agreement between the Service Agent and the Distributor.

2. The value of the Fund's net assets attributable to its Class C shares shall be computed in the manner specified in the Trust's charter documents as then in effect or in the Trust's then current Prospectus and Statement of Additional Information for the computation of the value of the Fund's net assets attributable to Class C shares.

3. The Trust's Board shall be provided, at least quarterly, with a written report of all amounts expended pursuant to this Plan with respect to a Fund. The report shall state the purpose for which the amounts were expended.

4. This Plan shall become effective with respect to a Fund at such time as is specified by the Board in approving the amendments and restatement made by this Plan; provided, however, that the Plan is approved by:

(a) the holders of at least a majority of the Fund's outstanding voting shares of Class C if adopted after the public offering of such shares or the sale of such shares to persons who are not affiliated persons of the Trust, affiliated persons of such persons, promoters of the Trust, or affiliated persons of such promoters (as such terms are defined in the Act); and (b) a majority of the Board members, including a majority of the Board members who are not "interested persons" (as defined in the Act) of the Trust and who have no direct or indirect financial interest in the operation of this Plan or in any agreements entered into in connection with this Plan, pursuant to a vote cast in person at a meeting called for the purpose of voting on the approval of this Plan.

5. This Plan shall continue for a period of one year from its effective date, unless earlier terminated in accordance with its terms, and thereafter shall continue automatically for successive annual periods, provided such continuance is approved at least annually in the manner provided in paragraph 4(b) hereof.

6. This Plan may be amended at any time by the Trust's Board, provided that (a) any amendment to increase materially the costs that Class C shares may bear pursuant to this Plan shall be effective only upon approval by a vote of the holders of a majority of the Fund's outstanding voting shares of Class C, and (b) any material amendments of the terms of this Plan shall become effective only upon approval as provided in paragraph 4(b) hereof.

7. This Plan may be terminated, with respect to a Fund to which it relates, without penalty at any time by (a) a vote of a majority of the Board members who are not "interested persons" (as defined in the Act) of the Trust and who have no direct or indirect financial interest in the operation of this Plan or in any agreements entered into in connection with this Plan, or (b) a vote of the holders of a majority of the Fund's outstanding voting shares of Class C.

8. While this Plan is in effect, the selection and nomination of Board members who are not "interested persons" (as defined in the Act) of the Trust and who have no direct or indirect financial interest in the operation of this Plan or in any agreements entered into in connection with this Plan shall be committed to the discretion of the Board members who are not "interested persons".

9. The Trust will preserve copies of this Plan, any related agreements and any report made pursuant to paragraph 3 hereof, for a period of not less than six (6) years from the date of this Plan, such agreements or report, as the case may be, the first two (2) years of such period in an easily accessible place.

10. A copy of the Second Amended and Restated Agreement and Declaration of Trust of the Trust is on file with the Secretary of State of The Commonwealth of Massachusetts and notice is hereby given that the obligations of the Trust hereunder and under any related Plan agreement shall not be binding upon any of the Trustees, shareholders, nominees, officers, agents or employees of the Trust, personally, but shall bind only the trust property of the Trust, as provided in the Second Amended and Restated Agreement and Declaration of Trust of the Trust.

Adopted: January 27, 2000, to be effective as of March 22, 2000

As Revised: June 3, 2019

EXHIBIT A

BNY Mellon High Yield Fund