STT State Street Corporation

Service and Support, Brand Recognition and Product Innovation Honoured State Street Global Advisors (SSgA), the investment management arm of State Street Corporation (NYSE: STT) and the largest institutional fund manager in the world, announced today that it has received top accolades in the 2006 Global ETF Awards(R), sponsored by Exchangedtradedfunds.com and International Fund Investment (IFI) publications. State Street Global Advisors garnered praise for "Most Recognized ETF Brand" for the Asia-Pacific region. Also, for the second consecutive year, State Street Bank and Trust was named "Best Service Provider" of operational support to ETFs in Asia-Pacific and Europe. "This recognition underscores our commitment to providing superior service and creating innovative investment solutions to our clients in Europe and Asia," said James Ross, senior managing director of ETFs at State Street Global Advisors. "Our position as an innovator and key provider of these increasingly attractive investment vehicles, coupled with our highly skilled team of professionals, enables us to provide our ETF clients with the level of service that they've come to expect." Several other SSgA ETFs won awards in a variety of categories. streetTRACKS Gold Shares (GLD), an ETF which SSgA launched with the World Gold Council, was named "Most Innovative ETF" in Africa. The Standard & Poor's Depositary Receipts (SPDR), was named "Most Recognized ETF Brand" in The Americas, while the SPDR S&P 500 ETF won the category for "Most Liquid." The China 50 ETF, a collaboration between SSgA and China Asset Management, was honored as "Most Innovative ETF" in Asia-Pacific. The Tracker Fund of Hong Kong (TraHK), managed by State Street Global Advisors Asia Ltd, was named "ETF With Most Efficient Total Expense Ratio" for the Asia-Pacific region. This year, more than 360 institutions from around the world cast votes for the top service providers for ETFs. The complete list of award recipients is available at www.exchangetradedfunds.com. State Street Global Advisors currently has more than $94 billion in ETF assets under management worldwide and is one of the largest providers in the U.S. and globally, with a more than 19 percent market share.(a) SSgA continues to experience significant demand for these investment strategies throughout Europe and Asia, and today manages a total of 59 ETFs worldwide. In partnership with the Amex, State Street introduced the first and world's largest ETF, the SPDR, in 1993. With a steadfast commitment to the business, SSgA launched 12 new ETFs worldwide last year and is focused on continually building its presence in the ETF space. About State Street Global Advisors State Street Global Advisors, the investment management group of State Street Corporation, delivers investment strategies and integrated solutions to clients worldwide across every asset class, investment approach and style. With $1.5 trillion in investment programs and portfolios (as of March 31, 2006), State Street Global Advisors has investment centers in Boston, Hong Kong, London, Milan, Montreal, Munich, Paris, Singapore, Sydney, Tokyo, and Zurich, and offices in 25 cities worldwide. For more information, visit State Street Global Advisors at www.ssga.com. (a) Source: SSgA Advisor Consulting Services as of April 31, 2006 ETFs trade like a stock and are subject to market risk. An investor should consider the investment objectives, risks, charges, and expenses carefully before investing. To obtain a prospectus, which contains this and other information about the funds, visit (www.advisors.ssga.com/etf). Please read the prospectus carefully before investing.