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 assets 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 2 . 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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