Singapore, 8 January, 2008 - State Street Global Advisors Singapore Limited (SSgA) today announced several enhancements to the streetTRACKS Straits Times Index Fund (streetTRACKS STI ETF) including a 10 for 1 stock split effective 10 January 2008. The stock split will increase STI's board lot size traded on Singapore Exchange Securities Trading Limited (SGX-ST) from 100 units to 1,000 units. SSgA will also reduce the creation and redemption unit size for the STI ETF by half to 500,000 units.

The streetTRACKS STI ETF seeks to track the performance of the Straits Times Index. Total assets for this ETF have grown to S$793 million as of 31 December 2007.

Sammy Yip, vice president and head of Exchange Traded Funds Asia Pacific for State Street Global Advisors said: "The streetTRACKS Straits Times Index ETF is a cost effective transparent investment vehicle for investors seeking to broaden diversification to their portfolio. These enhancements are aimed to increase STI's trading volume and improve liquidity for an even more investor friendly product."

The changes to the STI ETF follow the joint announcement made by Singapore Press Holdings ("SPH"), the Singapore Exchange and the FTSE Group ("FTSE") about the revamped Straits Times Index which is scheduled to go live on 10 January 2008. The revamped index will comprise 30 blue-chip companies on the SGX Mainboard ranked by market capitalisation as of 31 August 2007. The index calculator of the Straits Times Index will be changed to FTSE in January 2008. Additional details for the revamped STI can be found at www.straitstimes.com/stindex and www.ftse.com/st.

The streetTRACKS STI ETF has made dividend distributions regularly since its inception in 2002. In 2007, a dividend distribution of S$0.50 per share was paid in February and another dividend distribution of S$0.50 was paid in August.

The streetTRACKS STI ETF is included for investment under the CPF Investment Scheme - Ordinary Account. It is also approved as an Authorised Scheme under Section 286 of the Securities and Futures Act, Chapter 289 of Singapore.

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 US$2.0 trillion in assets under management as of September 30, 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.

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For more information, please contact:
State Street Global Advisors Singapore Limited
Tel: +65 6883 9510

Patsy Phay / Jasmin Tay
Mileage Communications Pte Ltd
Tel: +65 6222 1678, patsy@mileage.com.sg / jasmin@mileage.com.sg

Investors have no right to request SSgA to redeem their Units while the Units are listed. It is intended that holders of Units may only deal in their Units through trading on the Singapore Exchange Securities Trading Limited ("SGX-ST"). Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

The streetTRACKS® Straits Times Index Fund (the "Fund") is not in any way sponsored, endorsed, sold or promoted by SPH Data Services Pte Ltd or Singapore Press Holdings Ltd (collectively "SPH") or FTSE International Limited ("FTSE"). SPH and FTSE make no warranties or representations whatsoever, either expressly or impliedly, either as to the results to be obtained from the Straits Times Index ("STI") and/or the figure at which the STI stands at any particular time on any particular day or otherwise. SPH and FTSE do not warrant or represent or guarantee to any broker or holder of any units in the Fund sold or marketed by State Street Global Advisors Singapore Limited or any member of the public as to the accuracy or completeness of the STI and its computation or any related information. No warranties, representations or guarantees of any kind are made in relation to the STI or the Fund by FTSE or SPH. The units in the Fund are not issued, endorsed, sold or promoted by FTSE or SPH and neither FTSE nor SPH bear any liability in connection with the administration, marketing or trading of the units in the Fund. The STI is calculated by FTSE and neither FTSE nor SPH accept any liability (whether in negligence or otherwise) towards any person for any error in the STI and shall not be under any obligation to advise any person of any error therein. The compilation or composition of the STI or the constituent stocks and factors may be altered or changed by FTSE without notice. All intellectual property rights in the STI vest in SPH.

Each of Singapore Exchange Securities Trading Limited, its subsidiaries, related corporations, and holding company, and their respective directors or employees, and any other party involved in, or related to, making or compiling the STI (together, the "Relevant Persons") makes no guarantee, warranty, representation or undertaking, express or implied, as to the accuracy, correctness, timeliness, completeness, originality, satisfactory quality, merchantability or fitness for any particular purpose of any of the values of the STI, the indicative optimum portfolio value of the Units, or any information or data included in or referable to such values. Investing in the Units involves risks, which in any case, are disclaimed by the Relevant Persons and described more fully in the Prospectus. The Units are also subject to the terms and conditions (and disclaimers by the Relevant Persons) set out in the Trust Deed constituting the Units.