State Street Planned Offering of Non-Dilutive Tier 1 Regulatory Capital

* Reuters is not responsible for the content in this press release.

Tue Jan 15, 2008 7:27am EST 

BOSTON--(Business Wire)--State Street Corporation (NYSE: STT) today announced that it
intends to conduct a public offering of approximately $500 million of
non-dilutive securities eligible for treatment as tier 1 regulatory
capital. The proposed offering to the public is expected to commence
on or about January 17, 2008. State Street proposes to use the net
proceeds it receives in the offering for general corporate purposes.

   Goldman, Sachs & Co. will act as sole bookrunner for the proposed
offering.

   The proposed offering will be made only by means of a prospectus.
Once the prospectus is available, a copy may be obtained from:

   Goldman, Sachs & Co.

   Attention: Prospectus Department

   85 Broad Street

   New York, New York 10004

   via email: prospectus-ny@ny.email.gs.com

   via fax: (212) 902-9316

   This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale
would be unlawful, prior to registration or qualification under the
securities laws of any state.

State Street Corporation
Edward J. Resch, +1 617-664-1110
or
Investors:
Kelley MacDonald, +1 617-664-3477
or
Media:
Hannah Grove, +1 617-664-3377

Copyright Business Wire 2008
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