State Street Corporation Announces Increase to Quarterly Dividend

State Street Corporation today increased its quarterly dividend $0.01 per share, to $.24 per share, payable July 15, 2008, to stockholders of record as of the close of business on July 1, 2008. Following today’s action, the quarterly dividend rate is 9% higher than a year ago. 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 trillion in assets under custody and $2 trillion in assets under management at March 31, 2008, State Street operates in 26 countries and more than 100 geographic markets worldwide and employs 27,875 worldwide. For more information, visit State Street’s web site at www.statestreet.com or call 877/639-7788 [NEWS STT] toll-free in the United States and Canada, or +1 678/999-4577 outside those countries.