STT State Street Corporation

State Street Corporation (NYSE: STT), the world�s leading provider of financial services to institutional investors, today announced that it has completed a securities lending auction for approximately $15 billion in international assets for investment funds managed by State Street Global Advisors France (SSgA) in Paris. This mandate, the second successful securities lending auction completed for SSgA in France, was held on behalf of nine French-domiciled Soci�t�s d�Investissement � Capital Variable (SICAVs) and seven French-domiciled Fonds Communs de Placement (FCPs). Due to the auction format, multiple mandates were awarded to several different borrowers, achieving the most competitive bid per class. The auction was conducted via EquiLend AuctionPortSM, a browser-based portfolio auction service that allows lenders to host and conduct blind and open auctions of portfolios on behalf of their customers. �This new assignment demonstrates how our flexible and innovative offering can accommodate a range of different lending programmes,� said Chris Taylor, head of State Street�s securities finance team in Europe. �Providing our customers with the option of utilizing an auction via EquiLend as an additional way of accessing markets is another example of our dedication to responding to our customers� needs.� Notes to Editors State Street is one of 10 global financial institutions that joined together in 2000 to develop a standardized and centralized global platform for trading and operations services, and optimize efficiency in the securities finance industry. As a result of this initiative, EquiLend Holdings LLC, which now has 11 owner/partners and claims nearly 40 users worldwide, was formed in 2001 and the platform went live in 2002. For more information about EquiLend and its services, please visit www.equilend.com. State Street lends securities in markets around the world via a global network of trading locations � providing customers with around-the-clock opportunities, as well as regional expertise and experience. State Street has provided securities lending services since 1974, and has developed an industry-leading approach to risk and return management. Its securities lending program is available to all institutional investors worldwide, whether their assets are held in custody at State Street or elsewhere. For more information, visit www.statestreet.com/securitiesfinance. About State Street Global Advisors Street Global Advisors, the investment management arm of State Street Corporation (NYSE: STT), delivers investment strategies and integrated solutions to clients worldwide across every asset class, investment approach and style. With $1.7 trillion in assets under management as of December 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. About State Street Corporation State Street Corporation is the world�s leading specialist in providing institutional investors with investment servicing, investment management and investment research and trading services. With $11.9 trillion in assets under custody and $1.7 trillion in assets under management as of December 31, 2006, State Street operates in 26 countries and more than 100 geographic markets worldwide. For more information, visit State Street�s website at www.statestreet.com.