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.