STT State Street Corporation

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 been named 2006 Best Asset Management Bank in the World by Global Finance magazine. FX Connect, State Street�s multi-bank electronic foreign exchange trading system, was also named Best Online Foreign Exchange Trading System. Global Finance�s editorial board selected the best organizations based on growth in assets, profitability, geographic reach, strategic relationships, new business development and product innovation. Editors also spoke with equity and credit-rating analysts, banking consultants and other leading industry executives worldwide to determine the award recipients. �As the global economy continues to be challenged by rising interest rates and oil prices, banks are under increasing pressure to provide more sophisticated levels of service spanning multiple markets for less,� said Joseph Giarraputo, president and publisher of Global Finance. �Only those banks with the capital to invest in technology and a global footprint, combined with local market knowledge and a well-trained staff able to anticipate customers� needs, are likely to remain dominant for years to come.� The World�s Best Banks report is featured in the October 2006 issue of Global Finance. For more information, visit www.gfmag.com. About State Street Global Advisors: State Street Global Advisors, the investment management arm 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 assets under management as of June 30, 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. 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 been named 2006 Best Asset Management Bank in the World by Global Finance magazine. FX Connect, State Street's multi-bank electronic foreign exchange trading system, was also named Best Online Foreign Exchange Trading System. Global Finance's editorial board selected the best organizations based on growth in assets, profitability, geographic reach, strategic relationships, new business development and product innovation. Editors also spoke with equity and credit-rating analysts, banking consultants and other leading industry executives worldwide to determine the award recipients. "As the global economy continues to be challenged by rising interest rates and oil prices, banks are under increasing pressure to provide more sophisticated levels of service spanning multiple markets for less," said Joseph Giarraputo, president and publisher of Global Finance. "Only those banks with the capital to invest in technology and a global footprint, combined with local market knowledge and a well-trained staff able to anticipate customers' needs, are likely to remain dominant for years to come." The World's Best Banks report is featured in the October 2006 issue of Global Finance. For more information, visit www.gfmag.com. About State Street Global Advisors: State Street Global Advisors, the investment management arm 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 assets under management as of June 30, 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.