STT State Street Corporation

State Street Global Advisors (SSgA), the investment management arm of State Street Corporation (NYSE: STT), announced today that its Investment Management Data Services group has won the 2008 Inside Market Data Award for Best Market Data Team. The award recognizes SSgA�s innovative advances in process efficiency, expense control and data compliance. Sponsored by Inside Market Data newsletter, the awards recognize excellence in market data, reference data and enterprise data management. �This award reflects the significant accomplishments of the Investment Management Data Services group in the vital areas of efficiency, cost control and compliance,� said Joe Lutkevich, SSgA�s senior managing director, architecture and data management. �The ability to deliver cost-effective, comprehensive data is a key part of SSgA�s commitment to top-level investment products and service.� Inside Market Data cited the SSgA team, led by John White, vice president investment management data, for its highly efficient processes that include management of content across all of SSgA�s 27 global offices. It also noted SSgA�s governance model, which tightly monitors the usage and dissemination of all data in order to ensure full regulatory compliance. The SSgA governance model was previously recognized in a front-page article of Inside Reference Data�s September 2007 issue. On the cost front, the team has held market data budget growth to less than five percent per year since 2005. Additionally, it has worked to allocate all data services costs down to the actual �beneficial user,� thereby providing better metrics to measure market data spending across various business areas. 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 March 31, 2008, State Street Global Advisors has investment centers in Boston, Hong Kong, London, Montreal, Munich, Paris, Singapore, Sydney, Tokyo, Toronto and Zurich, and offices in 27 cities worldwide. For more information, visit State Street Global Advisors at www.ssga.com