STT State Street Corporation

State Street Global Advisors (SSgA)*, the investment management arm of State Street Corporation (NYSE: STT), announced today that beginning in 2009, 15 international SPDR ETFs, all of which previously distributed income annually, will distribute income twice per year. These ETFs will continue to distribute net capital gains, if any, to shareholders annually. SSgA is broadly announcing this information to ensure that all market participants, including retail investors as well as SPDR options market makers and authorized participants, are aware of the change. According to the SPDR ETFs� current prospectuses, SPDR ETFs will declare and pay distributions from net investment income at least annually, although such income dividend distributions may be declared and paid more frequently. The decision to change the income distribution schedule for the 15 international SPDR ETFs was made to increase the efficiency of fund management. Beginning in 2009, the following international ETFs will distribute income semi-annually in June and December of each year: SPDR� S&P� Emerging Asia Pacific ETF (GMF) SPDR� S&P� China ETF (GXC) SPDR� S&P� Emerging Markets ETF (GMM) SPDR� S&P� BRIC 40 ETF (BIK) SPDR� S&P� Emerging Europe ETF (GUR) SPDR� S&P� Emerging Latin America ETF (GML) SPDR� S&P� Emerging Middle East & Africa ETF (GAF) SPDR� S&P� World ex-US ETF (GWL) SPDR� S&P� International Small Cap ETF (GWX) SPDR� FTSE/Macquarie Global Infrastructure 100 ETF (GII) SPDR� MSCI ACWI ex-US ETF (CWI) SPDR� Russell/Nomura PRIME� Japan ETF (JPP) SPDR� Russell/Nomura Small Cap� Japan ETF (JSC) SPDR� S&P� International Mid Cap ETF (MDD) SPDR� S&P� Emerging Markets Small Cap ETF (EWX) The 2009 income distribution schedule for all existing SPDR ETFs will be available at www.spdretfs.com. State Street manages more than $152 billion in ETF assets worldwide (as of May 31, 2008) and is one of the largest providers in the U.S. and globally, with a market share of more than 17 percent globally. About State Street Global Advisors State Street Global Advisors, the investment management arm of State Street Corporation, delivers investment strategies and integrated solutions to clients worldwide across every asset class, investment approach and style. With $2�trillion in assets under management as of March 31, 2008, State Street Global Advisors has investment centers in Boston, Hong Kong, London, Toronto, 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. Note to Editors: SPDR� Exchange Traded Funds SPDR ETFs are a comprehensive family spanning an array of international and domestic asset classes. Offered by State Street Global Advisors, SPDR ETFs provide professional investors with the flexibility to select investments that are precisely aligned to their investment strategy. Recognized as the industry pioneer, State Street�in partnership with the American Stock Exchange�created the first ETF in 1993 (SPDR S&P 500 � Ticker SPY). Since then, we�ve sustained our place as an industry innovator through the introduction of many ground-breaking products, including first-to-market successes with gold, international real estate, international fixed income and sector ETFs. SPDR ETFs are managed by SSgA Funds Management, Inc, a registered investment adviser and wholly owned subsidiary of State Street Bank and Trust Company. *As of May 31, 2008 SPDR ETFs are advised by SSgA Funds Management, Inc., a registered investment adviser and a wholly owned subsidiary of State Street Corporation. ETFs trade like stocks, are subject to investment risk and will fluctuate in market value. Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations, all of which may be magnified in emerging markets. Small company issues can be subject to increased volatility and considerable price fluctuations. The �SPDR� trademark is used under license from The McGraw-Hill Companies, Inc. (�McGraw-Hill�). No financial product offered by State Street Corporation or its affiliates is sponsored, endorsed, sold or promoted by McGraw-Hill. S&P� is a trademark of The McGraw-Hill Companies, Inc. and has been licensed for use by State Street Bank and Trust Company. State Street Global Markets, LLC, member FINRA, SIPC, distributor. Before investing, carefully consider the funds� investment objectives, risks, charges and expenses. A prospectus, which contains this and other important information about the funds can be obtained by calling 1-866-787-2257. Read it carefully before investing. 10896-0609