STT State Street Corporation

SSARIS Advisors, LLC, an absolute return hedge fund and fund-of-funds manager and member of State Street Global Alliance, LLC, today announced that the SSARIS Advisors� Relative Value Strategy ranked number one in its class at the sixth annual InvestHedge Funds of Hedge Funds Awards for top risk adjusted performance. With more than 2000 funds of funds competing for awards, SSARIS Multi-Manager Absolute Return Strategy was also nominated for outstanding performance in the Global Multi-Strategy category. �SSARIS is pleased to congratulate Andy Fisch and Brian Chung, the two senior portfolio managers responsible for the winning touch, as well as their dedicated team of analysts, compliance, operations and accounting specialists for their hard work at making this year such a great success,� said Jim Tomeo, SSARIS Chief Operating Officer and Investment Committee member. About SSARIS Advisors, LLC SSARIS Advisors, LLC is a majority-owned subsidiary of State Street Global Alliance, LLC. State Street Global Alliance is a joint venture between State Street Global Advisors, the largest institutional money manager in the world, and the Dutch pension fund, ABP, one of the largest pension funds in the world. It was founded in 2001 and is directed by Mark Rosenberg, Chairman and CIO, Peter Hinrichs, CFO and Chief Compliance Officer and Jim Tomeo, COO and Senior Portfolio Manager. About State Street Corporation 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 $15.3 trillion in assets under custody and $2 trillion in assets under management at December 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. About State Street Global Advisors State 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 $2 trillion in assets under management at December 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 27 cities worldwide. For more information, visit State Street Global Advisors at www.ssga.com.