As previously announced on August 4, 2010, SPDR® S&P 500 ETF Trust (NYSE: SPY), The Materials Select Sector SPDR® Fund (NYSE: XLB), SPDR® Dow Jones Large Cap ETF (NYSE: ELR), SPDR® Dow Jones Large Cap Value ETF (NYSE: ELV) and SPDR® Dow Jones Total Market ETF (NYSE: TMW) (collectively, the “SPDR Funds”), as record holders of Weyerhaeuser Company (NYSE: WY), do not intend to make a special dividend payment reflecting the amounts received from the Weyerhaeuser Company special dividend. The amounts received from Weyerhaeuser Company will be reflected as part of each SPDR ETFs’ scheduled dividend payments.

S&P 500 ETF Trust (NYSE: SPY) has elected the “STOCK” option. The Materials Select Sector SPDR® Fund (NYSE: XLB), SPDR® Dow Jones Large Cap ETF (NYSE: ELR), SPDR® Dow Jones Large Cap Value ETF (NYSE: ELV) and SPDR® Dow Jones Total Market ETF (NYSE: TMW) have elected the ‘CASH” option. The details of each option are available in Weyerhaeuser Company’s prospectus supplement filed with the Securities and Exchange Commission on July 13, 2010. Although several SPDR Funds elected the CASH option, it is expected that each SPDR Fund electing CASH will receive a mix of cash and WY stock. The ratio of cash and stock is not available at this time but, under the terms, up to 90% of the dividend could be paid in WY stock. Each SPDR Fund intends to retain the newly-issued WY securities unless its underlying index does not increase the WY weightings.

If more definitive information or revised information regarding the corporate action becomes available prior to payment date or if circumstances warrant, each SPDR Fund reserves the right to take actions deemed reasonable or necessary to best pursue its investment objectives consistent with the principal investment strategies of each SPDR Fund.

The SPDR Funds undertake no obligation to publicly update these statements to reflect subsequent events or circumstances.