PRESS RELEASE / 27.06.

12

Contact: Ric Shadforth Telephone (02) 8249 1110

Investor Confidence Index Rises 7.0 points in June from 86.5 to 93.5
SYDNEY, June 27, 2012 State Street Global Markets, the investment research and trading arm of State Street

Corporation (NYSE:STT), today released the results of the State Street Investor Confidence Index (ICI) for June 2012. The Global ICI rose by 7.0 points from Mays reading of 86.5 to reach 93.5, its highest level this year. North American and European investors were both behind the increase. Risk appetite among North American institutional investors climbed 5.7 from Mays revised reading of 88.1 to reach 93.8 in June, while sentiment among European institutional investors rose 4.5 points from Mays level of 98.0 to reach 102.5. Asian investors displayed a more modest improvement in risk appetite, reflected in an increase of 1.0 in the Asian ICI from Mays final reading of 89.4 to 90.4 this month. The State Street Investor Confidence Index was developed by Harvard University professor Kenneth Froot and Paul OConnell of State Street Associates. It measures investor confidence or risk appetite quantitatively by analyzing the actual buying and selling patterns of institutional investors. The index assigns a precise meaning to changes in investor risk appetite: the greater the percentage allocation to equities, the higher risk appetite or confidence. A reading of 100 is neutral; it is the level at which investors are neither increasing nor decreasing their allocations to risky assets. The index differs from survey-based measures in that it is based on the actual trades, as opposed to opinions, of institutional investors. Beginning around the middle of the month, we began to observe some concerted buying of equities by institutions, at a pace not seen for almost two years, commented Froot. The buying was relatively broad-based and diversified across sectors. At 93.5, the Global ICI remains well below the neutral level of 100, so it cannot be said that investors have become bullish. However, it is fair to say that they have tempered their bearishness a little. It remains to be seen whether the slow pace of decision-making and reform in Europe will render this a temporary blip, or a more important turning point. The appetite for global equities is strongest among European institutional investors, reflected in the fact that the European ICI is 2.5 points above the neutral level of 100, added OConnell. We can also see this in the sectoral decomposition of flows, which shows some rotation out of safe havens and into more risk-sensitive sectors. To some extent, the buying of US, UK and Asian equities by European institutions may say more about their euro-currency

PRESS RELEASE / 27.06.12

concerns than it does about high expected returns for those markets.

About State Street Global Markets State Street Global Markets provides specialized investment research and trading in foreign exchange, equities, fixed income and derivatives. Its goal is to enhance and preserve portfolio values for asset managers and asset owners. From its unique position at the crossroads of global markets, it creates and unlocks value for its client with original investment behavior research, innovative portfolio strategies, trade process optimization, and global connectivity across multiple asset classes and markets. State Street Global Markets research team of leading academic and industry experts is committed to continually advancing the science, including theory and application of its proprietary investor behavior research and innovative portfolio and risk management technologies.

About the State Street Investor Confidence Index

The index is released globally at 10 a.m. Eastern time in Boston on the last Tuesday of each month. More information on the State Street Investor Confidence Index is available at http://www.statestreet.com/investorconfidenceindex. About State Street Corporation State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $23.2 trillion in assets under custody and administration and $2 trillion* in assets under management at March 31, 2012, State Street operates in 29 countries and more than 100 geographic markets. For more information, visit State Streets web site at www.statestreet.com.

* This AUM includes the assets of the SPDR Gold Trust (approx. $68 billion as of March 31, 2012), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors, serves as the marketing agent. The views expressed in this material are the views of State Street through the period ended June 26, 2012 and are subject to change based on market and other conditions. This news announcement contains forward-looking statements as defined by United States securities laws, including statements about the financial outlook and business environment. Those statements are based on current expectations and involve a number of risks and uncertainties, including those set forth in State Street's 2011 annual report and subsequent SEC filings. State Street encourages investors to read the corporation's annual report, particularly the section on factors that may affect financial results, and its subsequent SEC filings for additional information with respect to any forward-looking statements and prior to making any investment decision. The forward-looking statements contained in this press release speak only as of the date hereof, June 26, 2012, and the company will not undertake efforts to revise those forward-looking statements to reflect events after this date. CORP-0530