STT State Street Corporation

State Street Corporation (NYSE:STT), the world's leading provider of services to institutional investors, announced today that it has been retained by the State of Connecticut to provide a wide range of investment services including custody, performance and analytics, securities lending, foreign exchange and transfer agency for approximately $21 billion in assets. State Street has been providing servicing solutions to the State of Connecticut for eight years. "Throughout our relationship, we've experienced excellence in customer relations and consistency in execution from State Street's team of professionals," said Denise L. Nappier, Connecticut State Treasurer. "State Street's broad capabilities and efforts to adapt to our constantly evolving needs are the foundation of our longstanding relationship." State Street currently services more than 40 percent of the public fund business in the United States, through its dedicated public fund team, with customers in 33 states and the District of Columbia, Puerto Rico and the U.S. Virgin Islands. "State Street's partnership with the State of Connecticut Treasury is the latest addition to a consistently growing roster of public fund customers with whom we've developed long-term relationships," said Lee Jones, senior vice president and head of State Street's public fund business in the United States. "With more than 20 years of meeting the investment servicing needs of public funds, we remain committed to being the industry leader in this important market segment." State Street has an extensive track record in providing investment solutions for public funds. The Oregon State Treasury recently retained State Street to provide a variety of investment services for $60 billion in assets. State Street has also retained and/or secured new relationships with a number of public funds, including: Illinois State Board of Investments, North Carolina Department of the State Treasurer, Minnesota State Board of Investment, the Employees' Retirement System of the State of Hawaii, the Teacher Retirement System of Texas, Texas Municipal Retirement Fund, the Ohio Public Employees Retirement System and the Retirement System of Alabama. About State Street State Street Corporation (NYSE: STT) is the world's leading specialist in providing institutional investors with investment servicing, investment management and investment research and trading. With $9.6 trillion in assets under custody and $1.4 trillion in assets under management (as of June 30, 2005), State Street operates in 25 countries and more than 100 geographic markets worldwide. For more information, visit State Street's web site at www.statestreet.com. About the Connecticut State Treasury The Connecticut State Treasury manages public resources, maintains high standards of professionalism and integrity, and creates opportunity for the citizens and businesses of Connecticut. The Office of the Treasurer includes an Executive Office as well as five distinct divisions: Cash Management, Debt Management, Second Injury Fund, Pension Fund Management Division, and Unclaimed Property Division. For more information, visit http://www.state.ct.us/ott