STT State Street Corporation

State Street Corporation (NYSE: STT), the world�s leading provider of financial services to institutional investors, announced today that it has received seven first-place and four second place rankings in Global Investor magazine�s Global Custody Awards. This year marked Global Investor magazine�s ninth annual Global Custody Awards, which were held at the Caf� Royal in London. Among its seven first-place rankings, State Street was named No. 1 in �Overall Results Weighted� and in both the �GI 100 Firms Only Unweighted� and �GI 100 Firms Weighted� categories. State Street was also named No. 1 in the �North American Respondent,� �European Respondents,� �Insurance Companies� and �European Institutional Fund Managers� rankings, all of which were Weighted. In contrast with the Unweighted awards, which represent the scores provided by survey respondents, the Weighted awards also factor in a provider�s scale in terms of assets under management. In both categories, State Street�s results show significant year-over-year improvement in terms of raw score and/or relative ranking. �These awards reflect State Street�s commitment to service quality and understanding our customer�s needs, and creating better connections with them,� said Jay Hooley, vice chairman and global head of investment servicing and investment research and trading at State Street. �We�re delighted to receive this recognition from our customers and the industry at large.� About State Street: State Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $12.3 trillion in assets under custody and $1.8 trillion in assets under management at March 31, 2007, 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.