SPDR(R) ETF Family Announces Impact of Receiving Settlement Payments

  
    
  
  
    
      The SPDR® S&P 500 ETF (SPDR Trust, Series I, 
      AMEX:SPY - News), 
      The Technology Select Sector SPDR® Fund (AMEX:XLK 
      - News) and The 
      Financial Select Sector SPDR® Fund (AMEX:XLF 
      - News), announced 
      today that each Fund received payments from certain class action 
      settlements as authorized claimants.
    
    
      The SPDR® S&P 500 ETF will record payments 
      received from separate class action settlements related to Molex, Inc. 
      and Freddie Mac. The Technology Select Sector SPDR® 
      Fund will record a payment received from a class action settlement 
      related to Molex, Inc. The Financial Select Sector SPDR® 
      Fund will record a payment received from a class action settlement 
      related to Freddie Mac.
    
    
      The total amount payable to each Fund is listed below. When each Fund 
      calculates its net asset value (“NAV”) 
      per share on Thursday, July 24, 2008, it is estimated that each Fund’s 
      NAV will be impacted by the receipt of the corresponding payments in the 
      amount stated below based on the shares outstanding as of July 22, 2008.
    
    
      
        
          Fund
        
        
           
        
        
          
            SettlementPayment
          
        
        
           
        
        
          
            SharesOutstanding as ofJuly 22, 2008
          
        
        
           
        
        
          
            Per ShareAmount
          
        
      
      
        
          SPDR® S&P 500 ETF
        
        
           
        
        
          $
        
        
          2,778,328
        
        
           
        
        
          569,342,836
        
        
           
        
        
          $
        
        
          0.0049
        
      
      
        
          Technology Select Sector SPDR® Fund
        
        
           
        
        
          $
        
        
          12,145
        
        
           
        
        
          154,404,397
        
        
           
        
        
          $
        
        
          0.00008
        
      
      
        
          Financial Select Sector SPDR® Fund
        
        
           
        
        
          $
        
        
          247,179
        
        
           
        
        
          421,219,586
        
        
           
        
        
          $
        
        
          0.0006
        
      
    
    
      State Street manages more than $150 billion in ETF assets worldwide (as 
      of June 30, 2008) and is one of the largest providers in the U.S. and 
      globally, with a market share of more than 18.7 percent globally.
    
    
      About State Street Global Advisors
    
    
      State Street Global Advisors, the investment management arm of State 
      Street Corporation, delivers investment strategies and integrated 
      solutions to clients worldwide across every asset class, investment 
      approach and style. With $1.9 trillion in assets under management as of 
      June 30, 2008, State Street Global Advisors has investment centers in 
      Boston, Hong Kong, London, Toronto, Montreal, Munich, Paris, Singapore, 
      Sydney, Tokyo and Zurich, and offices in 27 cities worldwide. For more 
      information, visit State Street Global Advisors at www.ssga.com.
    
    
      Note to Editors: SPDR® Exchange Traded 
      Funds
    
    
      SPDR ETFs are a comprehensive family spanning an array of international 
      and domestic asset classes. Offered by State Street Global Advisors, 
      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 – 
      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 by SSgA Funds Management, Inc, a registered 
      investment adviser and wholly owned subsidiary of State Street Bank and 
      Trust Company.
    
    
      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, all of which may be magnified in emerging markets.
    
    
      Small company issues can be subject to increased volatility and 
      considerable price fluctuations.
    
    
      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® 
      is a trademark of McGraw-Hill and has been licensed for use by State 
      Street Bank and Trust Company.
    
    
      ALPS Distributors, Inc., member FINRA, SIPC, distributor.
    
    
      Before investing, carefully consider the Funds’ 
      investment objectives, risks, charges and expenses. A prospectus, which 
      contains this and other important information about the funds can be 
      obtained by calling 1-866-787-2257. Read it carefully before investing.