Exhibit

We consent to the incorporation by reference in Registration Statement No. 333-174384 on Form S-8 of Northern Trust Corporation of our report dated June 24, 2016, relating to the statements of net assets available for benefits of The Northern Trust Company Thrift-Incentive Plan as of December 31, 2015 and 2014, the statements of changes in net assets available for benefits for the years then ended, and the schedule of assets (held at end of year) as of December 31, 2015, which report appears in this Annual Report on Form 11-K of The Northern Trust Company Thrift-Incentive Plan as of December 31, 2015.