STT State Street Corporation

State Street Corporation (NYSE: STT), the world�s leading provider of financial services to institutional investors, announced today a $750,000 contribution to the Boston Children�s Museum to support Children of Hangzhou: Connecting with China. Children of Hangzhou is an interactive exhibit exploring contemporary Chinese life and culture through the eyes of children living in Hangzhou, a leading modern metropolis known for its beauty, culture and prosperity. State Street is the exclusive sponsor of the cultural exhibition, which is scheduled to open in Boston in May 2008, and run through the end of December 2008, followed by a three-year international tour. �Our active involvement in China�s financial landscape has been instrumental in fueling our growth both in Boston and around the world. As China�s economy continues to grow at an unprecedented rate, it will become an increasingly important player in the global marketplace,� said Ronald E. Logue chairman and chief executive officer of State Street. �We are delighted to broaden the local community�s perspective on China through this wonderful exhibition.� State Street�s presence in mainland China dates back to June 2000 when it entered into an alliance with the Industrial Commercial Bank of China (ICBC), the largest state-owned commercial bank in China. In addition, State Street was appointed by the China Securities Regulatory Commission to chair the Open-ended Fund Overseas Consulting Committee discussions on launching the nation�s first open-ended fund. In 2005, State Street opened a representative office in Beijing to further deepen relationships with local regulators and customers. China is projected to become the largest economy in the world within a decade, but many people have little knowledge or understanding about China due to a lack of educational programs dedicated to the country and its culture. Children of Hangzhou is designed to help bridge that knowledge gap with hands-on, life-like educational experiences in a distinctly Chinese environment. �The importance of understanding China cannot be overstated, and this exhibition makes this possible and fun for children and families,� said Leslie Swartz, vice president for program development and project director, Boston Children�s Museum. �State Street�s support for the Children of Hangzhou: Connecting with China exhibit is critical in helping members of the local community to become citizens of the world by connecting with real children and families in China.� The Children of Hangzhou exhibit explores modern Chinese life, and the ways children and families balance modernity and tradition, negotiate urban and rural values, and maintain Chinese tradition in a changing landscape. The immersive display encourages children and families to learn about the historic city of Hangzhou in real-life and universally familiar settings such as a classroom, a city apartment, a children�s library and a farm in the countryside. The exhibit is hosted by three Chinese children, who introduce visitors to important elements and settings of their daily lives, and bridge the cultural divide by communicating directly with exhibit visitors. A long-time supporter of the Boston Children�s Museum, State Street�s sponsorship of Children of Hangzhou is another example of the company�s commitment to supporting Boston�s important cultural and charitable organizations. State Street also recently contributed $1 million to support the Museum of African American History�s commemoration of its bicentennial, and awarded $3 million toward the Institute of Contemporary Art�s new waterfront facility. As with these sponsorships, the partnership with the Boston Children�s museum will also include benefits for State Street�s nonprofit partners, including free admission for youth groups, venue rentals and educational programming. 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. Note to Editors: State Street in China In 2002, State Street established a partnership with Zhejiang University in Hangzhou to jointly develop technology solutions for the financial services industry. This collaboration led to the establishment of a new technology center in 2005 dedicated to information technology, application development and maintenance. State Street�s involvement in China was further deepened when it, among a group of institutions, provided suggestions for the Ministry of Labor and Social Security�s �Enterprise Annuity Program� in 2004. In the same year, State Street also collaborated with China Asset Management to develop the nation�s first exchange traded fund. Most recently, State Street has been appointed by Bank of China to provide full suite of investment services to China Life�s foreign currency insurance funds, the first offshore insurance investment fund.