State Street Launches the SPDR(R) S&P(R) International Dividend ETF

  
    
  
  
    
      State Street Global Advisors (SSgA), the investment management arm of 
      State Street Corporation (NYSE: STT) and the largest institutional fund 
      manager in the world¹, today announced that 
      the SPDR® S&P® 
      International Dividend ETF (Ticker: DWX) will begin trading on the 
      American Stock Exchange (Amex) on February 19, 2008.
    
    
      The SPDR S&P International Dividend ETF seeks to track the S&P 
      International Dividend Opportunities Index, which includes 100 tradable, 
      exchange-listed stocks from around the world that offer high dividend 
      yields. The stocks included in this index must have a minimum total 
      market capitalization of $1.5 billion, a three-month average daily value 
      traded greater than $10 million, and have traded at least 300,000 shares 
      for each of the preceding six months. Additionally, for inclusion in the 
      index the stocks must meet the following stability factors: positive 
      5-year earnings growth and profitability – 
      measured by positive earnings per share over the latest 12-month period. 
      Its expense ratio will be 0.45 percent.
    
    
      “The SPDR S&P International Dividend ETF was 
      developed in response to strong demand from our clients seeking the 
      competitive yield opportunities available from foreign company 
      dividends, which have historically yielded more than those of U.S. 
      companies,” said Anthony Rochte, senior 
      managing director at State Street. “Offering 
      efficient, precise exposure to foreign companies with proven track 
      records of generating both attractive income and steady earnings 
      potential; DWX helps to further strengthen our family of international 
      ETFs.”
    
    
      State Street manages more than $158 billion² 
      in ETF assets worldwide (as of December 31, 2007) and is one of the 
      largest providers in the United States and globally.
    
    
      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 $2.0 trillion in assets under 
      management as of December 31, 2007, State Street Global Advisors has 
      investment centers in Boston, Hong Kong, London, Milan, Montreal, 
      Munich, Paris, Singapore, Sydney, Tokyo and Zurich, and offices in 25 
      cities worldwide. For more information, visit State Street Global 
      Advisors at www.ssga.com.
    
    
      1 Source: Pensions & Investments 
      magazine, based on assets under management as of December 31, 2006.
    
    
      ²SSgA Funds 
      Management, Inc. manages $158 billion in ETF assets as of December 31, 
      2007.
    
    
      ETFs trade like stocks, are subject to investment risk and will 
      fluctuate in market value.
    
    
      Foreign investments involve greater risks than U.S. investments, 
      including political and economic risks and the risk of currency 
      fluctuations.
    
    
      Past performance is no guarantee of future results.
    
    
      Diversification does not ensure a profit or guarantee against loss.
    
    
      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. S&P® 
      and S&P 500® Index are trademarks of The 
      McGraw-Hill Companies, Inc. and have been licensed for use by State 
      Street Bank and Trust Company.
    
    
      Investors should consider the investment objectives, risks, 
      charges and expenses of the fund carefully before investing. A 
      prospectus which contains this and other information about the fund can 
      be obtained by calling 866.787.2257 or speaking to your financial 
      advisor. Read the prospectus carefully before investing.
    
    
      Distributor: State Street Global Markets, LLC, member FINRA, SIPC, 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.
    
    
      10782-0209