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State Street Enhances Its ETF Offering With Six New Emerging Markets ETFs

State Street Global Advisors (SSgA)(a), the investment management arm of State Street Corporation (NYSE: STT), today announced that six new SPDRSSM emerging markets exchange traded funds (ETFs) will begin trading on the American Stock Exchange (Amex) on March 23. With the launch of these ETFs, State Streets international ETF offering now spans developed and emerging economies. The six ETFs are based upon the S&P/Citigroup Global Equity Indices.

The new SPDR® ETFs, which deliver precise exposure to many segments of the market that have previously been difficult to access, include:

ETF Name Ticker Index Country Exposure
SPDR® S&P® Emerging Markets ETF GMM Index includes more than 1,500 companies across 26 emerging countries.
SPDR S&P Emerging Latin America ETF GML Index includes companies domiciled in Argentina, Brazil, Chile, Columbia, Mexico, Peru, and Venezuela.
SPDR S&P Emerging Middle East & Africa ETF GAF Index includes companies domiciled in Egypt, Israel, Jordan, Morocco, Nigeria, and South Africa.
SPDR S&P Emerging Europe ETF GUR Index features companies in countries that are nearing acceptance into the EU, including Czech Republic, Hungary, Poland, Russia, and Turkey.
SPDR S&P Emerging Asia Pacific ETF GMF Index includes companies domiciled in China, India, Indonesia, Malaysia, Pakistan, the Philippines, Taiwan, and Thailand.
SPDR S&P China ETF GXC Underlying index includes over 150 companies domiciled in China.

Developed in response to investor demand, our new international SPDRS provide distinct exposure to virtually the entire emerging markets universe, several key regions, including China, says James Ross, senior managing director of State Street Global Advisors. The regional SPDRS are designed to provide a level of diversification unavailable in more concentrated country-specific approaches, and the SPDR S&P China ETF covers a much larger range of the Chinese equity market than any of the countrys other benchmarks.

State Street manages more than $109 billion ETF assets worldwide (as of February 28, 2007) and is one of the largest providers in the U.S. and globally, with a market share of more than 22 percent in the U.S. and 18 percent globally.(b) State Street continues to experience significant demand for these investment strategies and today manages a total of 76 ETFs worldwide.

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 US$1.7 trillion in assets under management as of December 31, 2006, State Street Global Advisors has investment centers in Boston, Hong Kong, London, Milan, Montreal, Munich, Paris, Singapore, Sydney, Tokyo and Zurich, and offices in 25 cities worldwide. For more information, visit State Street Global Advisors at www.ssga.com.

(a) The Funds are advised by SSgA Funds Management Inc., a registered investment adviser and a wholly owned subsidiary of SSgA.

(b) Source: SSgA Advisor Consulting Services as of February 28, 2007

ETFs trade like a stock and are subject to market risk.

Foreign investments involve greater risks than US investments, including political and economic risks and the risk of currency fluctuations, all of which may be magnified in emerging markets.

Funds investing in a single sector may be subject to more volatility than funds investing in a diverse group of sectors.

The SPDRS 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.

Distributor: State Street Global Markets, LLC, member NASD, SIPC.

Before investing, carefully consider the funds investment objectives, risks, charges and expenses. A prospectus, which contains this and other important information about the fund can be obtained by calling 866.787.2257. Read it carefully before investing.

10387-0308

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