STT State Street Corporation

State Street Global Advisors (SSgA), the investment management arm of State Street Corporation (NYSE: STT), announced today the expansion of its credit research capabilities with the appointment of three new credit analysts to its team in London: Jonathan Worraker, Michael Madden and Virginie Pelle. Worraker, who brings more than 10 years� experience, joins SSgA from the investment manager Gordian Knot. He covers a variety of industries, including auto and auto parts production, aerospace and defense, airlines and transportation, and capital goods. Madden has been with SSgA for two years, and previously covered U.S.-based financial institutions from State Street�s Boston headquarters. He recently moved to London and covers financial institutions domiciled outside the United States. Pelle joins SSgA from Paris-based investment firm Exane. She brings seven years� experience and covers consumer product companies, retailers and supermarkets. All three credit analysts will report to Robert Kania, vice president and senior credit analyst for SSgA. �The expansion of our credit research team underscores our focus of strengthening our position as a global leader in active fixed income management,� said Kania. �These three individuals have detailed knowledge of company fundamentals which is central to successful credit research. Following industries on a global basis translates into a deep understanding of the dynamics that drive both fundamentals and company valuation.� SSgA currently manages more than $680 billion in global fixed income assets. Its fixed income group comprises about 120 investment professionals around the world. 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 more than $1.6 trillion in assets under management as of September 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), announced today the expansion of its credit research capabilities with the appointment of three new credit analysts to its team in London: Jonathan Worraker, Michael Madden and Virginie Pelle. Worraker, who brings more than 10 years' experience, joins SSgA from the investment manager Gordian Knot. He covers a variety of industries, including auto and auto parts production, aerospace and defense, airlines and transportation, and capital goods. Madden has been with SSgA for two years, and previously covered U.S.-based financial institutions from State Street's Boston headquarters. He recently moved to London and covers financial institutions domiciled outside the United States. Pelle joins SSgA from Paris-based investment firm Exane. She brings seven years' experience and covers consumer product companies, retailers and supermarkets. All three credit analysts will report to Robert Kania, vice president and senior credit analyst for SSgA. "The expansion of our credit research team underscores our focus of strengthening our position as a global leader in active fixed income management," said Kania. "These three individuals have detailed knowledge of company fundamentals which is central to successful credit research. Following industries on a global basis translates into a deep understanding of the dynamics that drive both fundamentals and company valuation." SSgA currently manages more than $680 billion in global fixed income assets. Its fixed income group comprises about 120 investment professionals around the world. 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 more than $1.6 trillion in assets under management as of September 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.