PensPlan Appoints State Street for Investment Servicing Mandate

MILAN and AMSTERDAM--(Business Wire)--
State Street Corporation (NYSE: STT), the world's leading provider of financial
services to institutional investors, announced today that it has been appointed
by PensPlan, a pension fund service provider in Italy, to provide a range of
investment services for €100 million in assets.

Established as a complementary pension system to the public schemes in Italy,
PensPlan is based in the northern region of Trentino-South Tyrol and delivers
risk management, manager selection and asset liability modeling to pension funds
and institutional investors throughout Italy. State Street`s operation in Milan
will provide PensPlan with custody and State Street`s Amsterdam operations will
provide fund administration, risk and performance analytics services.

"State Street was able to provide us with a single and customized solution that
could accommodate our multi-jurisdictional needs," said Florian Schwienbacher,
administration manager of PensPlan. "With teams of expert resources in both
Italy and Amsterdam, it was the only provider that could service our complex
scheme."

"With our global footprint and local expertise, we are well-suited to provide
PensPlan with a comprehensive offering," said Tim Caverly, executive vice
president and head of sales and business development for State Street`s investor
services business in Europe. "We look forward to providing them with additional
services as they continue to grow their membership across Italy."

With more than 60 investment servicing professionals located throughout Italy
and the Netherlands, State Street provides a range of investor services such as
custody, fund accounting, performance and analytics and client reporting to a
broad array of institutional investors. State Street has been active in these
markets for more than 20 years and provides its customers with dedicated
multi-lingual and experienced client service teams who understand local market
practice.

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 $11.3 trillion
in assets under custody and $1.4 trillion in assets under management at March
31, 2009, State Street operates in 27 countries and more than 100 geographic
markets worldwide. For more information, visit State Street`s web site at
www.statestreet.com.

State Street Corporation
Carolyn Cichon, 617-664-8672

Copyright Business Wire 2009