STT State Street Corporation

At a ribbon cutting ceremony hosted earlier today, State Street Chairman and Chief Executive Officer Ronald E. Logue and Red Sox President and CEO Larry Lucchino unveiled the new State Street Pavilion at Fenway Park. Formerly the top half of the .406 club, the State Street Pavilion is the newest major improvement to Fenway Park and features 2,224 seats, new concession stands, and open concourse seating. "We are proud to partner with the Red Sox and to be a part of one of Boston's most recognizable city landmarks," said Logue. "Even as we are increasingly becoming a more global organization, our roots are here in Boston. The local community is extremely important to us and this partnership with the Red Sox underscores that commitment. The State Street Pavilion will help preserve Fenway Park for years to come." As part of the State Street Pavilion naming rights announced in February, State Street will host various community groups at Red Sox games this summer. Organizations include: Boston Children's Chorus, Boston Chinatown Neighborhood Center, Boston Partners in Education, Boys & Girls Club of Boston, Germantown Neighborhood Center, Home for Little Wanderers, Junior Achievement, National Foundation for Teaching Entrepreneurship, Project Hope, South Shore YMCA and Year-Up. In addition, State Street will also host the Mass Mentoring Partnership breakfast at Fenway Park on May 25th. The Mass Mentoring Partnership in Boston is the only statewide organization solely dedicated to strategically expanding quality mentoring to meet the needs of youth across Massachusetts. "We are grateful to State Street for helping to make this beautiful new pavilion possible," said Sam Kennedy, senior vice president, sales and marketing for the Red Sox. "Their commitment is a breath of fresh air for so many who were separated from the Fenway ambiance by massive panes of thick glass." 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 services. With $10.1 trillion in assets under custody and $1.4 trillion in assets under management (as at 31 December 2005), State Street operates in 26 countries and more than 100 geographic markets worldwide. For more information, visit State Street's web site at www.statestreet.com.