State Street to Rebalance Eight SPDR® Exchange Traded Funds In Accordance with New S&P Procedures

BOSTON--(Business Wire)--
State Street Global Advisors (SSgA), the investment management arm of State
Street Corporation (NYSE: STT), today announced it will rebalance the holdings
of eight SPDR® exchange traded funds that seek to track S&P Select Industry
Indices on June 19, 2009 in accordance with the new procedural changes
implemented by Standard & Poor`s.

Beginning with the June 2009 rebalancing of the S&P Select Industry Indices,
Standard & Poor`s will rebalance the indices to equal weights using closing
prices on the second Friday of the rebalancing month (i.e. the stock price
reference date is one week prior to the rebalancing date effective date). The
rebalancing effective date will remain after the close of the third Friday of
the month.

The SPDR ETFs based on S&P Select Indices include:

* SPDR S&P Retail ETF (Symbol: XRT)
* SPDR S&P Homebuilders ETF (XHB)
* SPDR S&P Oil & Gas Equipment & Services ETF (XES)
* SPDR S&P Oil & Gas Exploration & Production ETF (XOP)
* SPDR S&P Pharmaceuticals ETF (XPH)
* SPDR S&P Biotech ETF (XBI)
* SPDR S&P Metals & Mining ETF (XME)
* SPDR S&P Semiconductor ETF (XSD)

State Street Global Advisors is one of the largest ETF providers in the United
States and globally. US assets under management for SPDR ETFs totaled more than
$129.5 billion as of March 31, 2009.

About State Street Global Advisors

State Street Global Advisors, the investment management arm of State Street
Corporation (NYSE: STT), delivers investment strategies and integrated solutions
to clients worldwide across every asset class, investment approach and style.
With $1.4 trillion in assets under management at March 31, 2009, State Street
Global Advisors has investment centers in Boston, Hong Kong, London, Montreal,
Munich, Paris, Singapore, Sydney, Tokyo, Toronto and Zurich, and offices in 25
cities worldwide. For more information, visit State Street Global Advisors at
www.ssga.com.

SPDR ETFs are managed by SSgA Funds Management, Inc., a registered investment
adviser and wholly owned subsidiary of State Street Bank and Trust Company.

Note to Editors: SPDR Exchange Traded Funds

SPDR ETFs are a comprehensive family spanning an array of international and
domestic asset classes. SPDR ETFs provide professional investors with the
flexibility to select investments that are precisely aligned to their investment
strategy. Recognized as the industry pioneer, State Street-in partnership with
the American Stock Exchange-created the first ETF in 1993 (SPDR S&P 500 ETF-
Ticker SPY). Since then, we`ve sustained our place as an industry innovator
through the introduction of many ground-breaking products, including
first-to-market successes with gold, international real estate, international
fixed income and sector ETFs. SPDR ETFs are managed or marketed by SSgA or SSgA
Funds Management, Inc, a registered investment adviser and wholly owned
subsidiary of State Street Bank and Trust Company.

The "SPDR®" 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.

ETFs trade like stocks, are subject to investment risk and will fluctuate in
market value.

Distributor: State Street Global Markets, LLC, member FINRA, SPIC, a wholly
owned subsidiary of State Street Corporation. References to State Street may
include State Street Corporation and its affiliates. Certain State Street
affiliates provide services and receive fees from the SPDR ETFs.

Before investing, consider the fund`s investment objectives, risks, charges and
expenses. To obtain a prospectus which contains this and other information, call
1-866-787-2257 or visit www.spdrs.com. Read it carefully.

IBG-0282

State Street Corporation
Marie McGehee, 617-664-1898
or
River Communications
Troy Mayclim, 914-686-5599

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