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 top accolades in AsianInvestor magazine's 2007 Achievement Awards. State Street Global Advisors (SSgA), the company�s investment management arm, earned top recognition in the category of �European Equity: Five-year risk-adjusted performance�. State Street was also recognized by the publication as �Best Securities Lending House� for the second consecutive year. The awards were presented on Friday, May 18, at a dinner ceremony held at the Conrad Hotel in Hong Kong. �SSgA�s strategies provide the best in class investment approach for each segment of the global equity market,� said Mr. Bernard Reilly, senior managing director for State Street Global Advisors (SSgA) Asia Limited. We are honoured to receive this award from AsianInvestor, as they once again recognize the hard work and dedication of our talented equity investment team.� SSgA�s Europe Alpha Strategy is an actively managed, focused �core� equity strategy. The investment process balances value, growth and sentiment factors to determine stock selection. The strategy seeks to outperform the MSCI Europe Index by a minimum of two percent per annum while controlling tracking error to approximately three to four percent. State Street has been providing securities lending services since 1974, and today lends securities in more than 35 markets around the world through a global network of trading locations. As one of the world�s largest providers of securities lending services, State Street has established a service structure that delivers highly customized solutions to the specialized needs of institutional customers. In the Asia-Pacific region, the company�s customer service centers are located in Hong Kong and Tokyo. �The Asia-Pacific region continues to be of great focus to us as we grow our securities lending business, said Francesco M. Squillacioti, senior managing director and Asia-Pacific regional business director for Securities Finance at State Street. �We are pleased to be given this award as it demonstrates the commitment our team has put forth in the region to deliver borrowing and lending programs that have been meeting the needs of our customers worldwide.� A complete list of award winners is available at www.financeasia.com and a full article will appear in the June edition of AsianInvestor. 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 US$1.8 trillion in investment programs and portfolios (as of March 31, 2007), 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 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 US$12.3 trillion in assets under custody and US$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.