State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE: STT), today announced one forward and one reverse share split on two SPDR® ETFs. The aggregate market value of shares outstanding is not impacted for either fund.

Forward Share Split

The forward share split will decrease the price per share of the SPDR S&P® Insurance ETF (KIE) with a proportionate increase in the number of shares outstanding, as outlined in the following chart:

                       
Ticker       Fund Name       Current Price as of 10/30/17       Split       Est. Post-Split Price
KIE       SPDR S&P Insurance ETF       $92.37       3:1       $30.79
 

The forward share split will apply to shareholders of record as of market close on November 27, 2017 and are payable after market close on November 29, 2017. The shares will trade at their post-split price effective November 30, 2017

Reverse Share Split

The reverse split will increase the price per share of the SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (BIL) with a proportionate decrease in the number of shares outstanding, as outlined in the following chart:

                       
Ticker       Fund Name       Current Price as of 10/30/17       Split       Est. Post-Split Price
BIL      

SPDR Bloomberg Barclays
1-3 Month T-Bill ETF

      $45.74       1:2       $91.48
 

The reverse share split will be effective November 30, 2017.

As a result of the above actions, shareholders of KIE and BIL could potentially hold fractional shares. In lieu of these fractional shares, shareholders may receive cash following the splits.

About SPDR Exchange Traded Funds

SPDR ETFs are a comprehensive family spanning an array of international and domestic asset classes. SPDR ETFs are managed by SSGA Funds Management, Inc., a registered investment adviser and wholly owned subsidiary of State Street Corporation. The funds provide investors with the flexibility to select investments that are precisely aligned to their investment strategy. Recognized as an industry pioneer, State Street created the first US listed ETF in 1993 (SPDR S&P 500® – Ticker SPY) and has remained on the forefront of responsible innovation, as evidenced by the introduction of many ground-breaking products, including first-to-market launches with gold, international real estate, international fixed income, and sector ETFs. For more information, visit www.spdrs.com.

About State Street Global Advisors

For nearly four decades, State Street Global Advisors has been committed to helping financial professionals and those who rely on them achieve their investment objectives. We partner with institutions and financial professionals to help them reach their goals through a rigorous, research-driven process spanning both active and index disciplines. We take pride in working closely with our clients to develop precise investment strategies, including our pioneering family of SPDR ETFs. With trillions* in assets under management, our scale and global footprint provide access to markets and asset classes, and allow us to deliver expert insights and investment solutions.

State Street Global Advisors is the investment management arm of State Street Corporation.

* Assets under management were $2.67 trillion as of September 30, 2017. AUM reflects approx. $36 billion (as of September 30, 2017) with respect to which State Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State Street Global Advisors are affiliated.

Important Risk Information:

Because of their narrow focus, sector funds tend to be more volatile than funds that diversify across many sectors and companies.

Equity securities may fluctuate in value in response to the activities of individual companies and general market and economic conditions.

Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates rise, bond prices usually fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. These effects are usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss.

Non-diversified funds that focus on a relatively small number of securities tend to be more volatile than diversified funds and the market as a whole.

Passively managed funds hold a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. This may cause the fund to experience tracking errors relative to performance of the index.

While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress.

ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.

Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC, an indirect wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 or visit www.spdrs.com. Read it carefully.

Not FDIC Insured • No Bank Guarantee • May Lose Value

CORP-3451