State Street Appointed by M&G Investments to Provide Fund Accounting Services

State Street Corporation (NYSE: STT), the world's leading provider of financial services to institutional investors, announced today that it has been appointed by M&G Investments to provide investment services for �5.8 billion in assets under administration.

State Street will provide share pricing and fund accounting for a number of M&G funds that have the ability to invest in complex bonds and OTC derivatives.

�State Street was the clear choice in our detailed search for a servicing partner,� said Martin Lewis, chief operating officer of M&G Investments. �State Street stood above the rest because of its ability to support the complexity of M&G�s investment parameters.�

State Street utilizes decades of investment servicing expertise to provide customers worldwide with comprehensive investment servicing solutions � from custody and fund accounting to reporting and administration � on a wide range of asset types, including the most complex investment instruments.

�We are very pleased to be selected by M&G Investments for this mandate,� said Wade McDonald, head of customer relationship management for State Street�s investor services team in the United Kingdom, Middle East and Africa. �State Street is firmly committed to delivering the highest level of expertise in servicing complex investments, such as those offered by M&G.�

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 $11.3 trillion in assets under custody and $1.4 trillion in assets under management at March 31, 2009, State Street operates in 27 countries and more than 100 geographic markets worldwide. For more information, visit State Street�s web site at www.statestreet.com.

M&G Investments is the UK and European investment arm of the Prudential Group, with assets under management of more than �141 billion, as at the end of December 2008. M&G Investments is one of the largest asset managers in Europe and aims to maximise profitable growth by operating in markets where it has a leading position and competitive advantage, including retail fund management, institutional fixed income, pooled life and pension funds, property and private finance.

Issued by M&G International Investments Ltd. (Registered office: Laurence Pountney Hill, London EC4R 0HH) authorised and regulated by the Financial Services Authority.

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