SPDR ® S&P 500 ETF Announces Impact Of Receiving Settlement Payments

The SPDR® S&P 500 Exchange Traded Fund (ETF) Trust (NYSE: SPY) announced today that the Fund received payment as an authorized claimant from a class action settlement related to Merrill Lynch & Co.

The total amount payable to the Fund is listed below. When the Fund calculates its net asset value (“NAV”) per share on Thursday, June 24, 2010, it is estimated that the Fund’s NAV will be impacted by the receipt of the corresponding payment in the amount stated below based on the shares outstanding as of June 22, 2010.

Fund		SettlementPayment		SharesOutstanding as ofJune 22, 2010		Per ShareAmount
SPDR® S&P 500 ETF Trust		$8,853,107		710,832,116		$0.0125

State Street manages more than $204 billion in SPDR ETF assets worldwide (as of March 31, 2010) and is one of the largest ETF providers in the US and 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 March 31, 2010, State Street Global Advisors has investment centers in Boston, Hong Kong, London, Montreal, Paris, Singapore, Sydney, Tokyo, Toronto 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. 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 or marketed by SSgA or SSgA Funds Management, Inc, a registered investment adviser and wholly owned subsidiary of State Street Bank and Trust Company.