Investor Presentaiton

State Street to acquire Charles River Development (CRD) Leading the industry evolution of investment servicing One of the world's leading investment service providers responsible for more + Charles River STATE STREET. than 10% of the world's assets¹ Premier provider of investment management front office solutions across all asset classes for portfolio management, trading and compliance Creates a powerful opportunity to provide an integrated front-to-back platform . • • First-ever front-middle-back office platform in the industry² Positions State Street as a premier provider of investment management software across asset classes Allows State Street to address a new front office revenue opportunity at scale Leverages State Street's established capabilities in front, middle and back office including data aggregation services and analytics; platform's interoperability will enable clients to integrate their preferred providers Investing in the future while reducing legacy costs. . CRD functionality automates the front office investment process for asset managers, improving operations and controlling costs Builds on the success of State Street Beacon's digitization program in the front-to-back office Generates attractive long-term financial returns and a new growth avenue for shareholders . Purchase price of $2.6B • EPS accretion anticipated in 20203 • Meaningful acceleration in overall State Street growth . Revenue synergies expected to contribute ~$80M of EBIT; cost synergies contribute ~$60M of EBIT^ Adds significant predictable revenue, which is ~85% recurringⓇ . IRR estimated at ~14% with anticipated cost synergies only; over 20% with revenue and cost synergies STATE STREET. A Assumes ~$260-280M in gross revenue synergies with delivery costs to achieve of -$180-200M. Please refer to endnotes 4 and 5 for additional details on revenue and cost synergies, respectively. Refer to the Appendix included with this presentation for endnotes 1 to 22. 3

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