State Street Corporation Announces Increase to Quarterly Dividend

BOSTON--(Business Wire)--
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.

State Street Corporation
S. Kelley MacDonald, +1 617-664-3477
or
Media:
Hannah Grove, +1 617-664-3377

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