A method of processing a signal is disclosed. The present invention includes receiving extension information and at least one downmix signal of a first downmix signal decoded by a audio coding scheme and a second downmix signal decoded by a speech coding scheme; determining an extension base signal corresponding to a partial region of the downmix signal based on the extension information; and generating an extended downmix signal having a bandwidth extended by reconstructing a high frequency region signal using the extension base signal and the extension information. According to a signal processing method and apparatus of the present invention, signal corresponding to a partial frequency region of the downmix signal is used as the extension base signal. Therefore, the high frequency region of the downmix signal is reconstructed by using the extension base signal having variable bandwidth.