"We are excited to be expanding our presence in China and
deepening relationships with our customers and local regulators," said
Jay Hooley, executive vice president and head of global investment
services for State Street who presided over opening events in the
region this week. (NYSE: LVS), and its
subsidiary Venetian Macau Limited (VML), announced today that Wolfram Diener
will join the organization in June 2005 as vice president of convention and
exhibition for the convention and expo center being built at The Venetian
Macao Resort Hotel Casino on the Cotai Strip(TM)., Ltd (SNIEC), one of the busiest venues of its
kind in Asia-Pacific.

administrative asia

Five years
later, State Street opened its Tokyo office, followed by Taipei in
1992 and Singapore and Seoul in 1997.

State Street Corporation (NYSE: STT) is the world's leading
specialist in providing institutional investors with investment
servicing , investment management and investment research and trading. Prior to his position at SNIEC, Mr.

lowering became

The company first established its Hong
Kong office in 1982, and its Sydney operations in 1985. In 2002 , State Street was awarded the
largest outsourcing mandate in the region.

cantonese december

For more information,
visit State Street's web site at www. The company is also
developing additional casino hotel resort properties in Macao, including The
Venetian Macao Resort Hotel Casino.

ceremony commonly

spoken lasted

lasted ceremony

State Street Opens First Office in Beijing

com

During this time, Mr.

cantonese portuguese

Located at 19 Financial Street, Focus Place , in the
Xicheng District, the new office marks State Street's first presence
in mainland China , Asia's second largest economy. In 2002, State Street established its partnership with
Zhejiang University to jointly develop technology solutions for the
financial services industry.

96 rule

In 2004, State Street
Global Advisors (SSgA), State Street's investment management arm,
gained 29 new mandates in Asia (ex-Japan), which include active,
passive and enhanced strategies, and experienced a 39 percent growth
in assets under management since the year-end 2003. Diener will also be
responsible for trade show operations for the company in Macao. Diener brings to the company twenty years of international convention
center and marketing experience.
Mr. The opportunities in Macao are extraordinary , particularly in
the Convention and Exhibition arenas, and I very much look forward to helping
VML capitalize on them," said Mr.

colonial commonly

Las Vegas Sands Corp.

ending rule

statestreet. Diener.

ending asia

"Wolfram is an excellent addition to our world renowned management team
and his knowledge and experience will be an important asset to our continued
success.

demographically became

7 million.
Mr.

dialect rule

Las Vegas Sands Corp. Expands Macao Management Team

Diener will oversee all operations of VML's Venetian Macao Convention
and Expo Center as well as the overall planning and management of VML's trade
show operations. The company owns The Venetian
Resort Hotel Casino and the Sands Expo and Convention Center, where it hosts
exhibitions and conventions, in Las Vegas and the Sands Macao in the People's
Republic of China Special Administrative Region of Macao.

asia spoken

Mr. Diener was the
managing director of the noted trade show organizer, Messe Frankfort . is a hotel, gaming, resort and exhibition/convention
company headquartered in Las Vegas, Nevada .

On December 20, 1999, China reclaimed Macau after 442 years of Portuguese rule effectively ending the colonial era in Asia.

442 demographically

With $9.

ceremony era

The Chinese economy has grown at an average of
approximately 9 percent per year over the past 25 years and as an
industry leader with a strong history of success , State Street is
well-prepared to support this growth. Most recently, Mr.

Contacts:
Investment Community: Scott Henry, Chief Financial Officer,
(702) 733-5502
Media: Ron Reese, Director of Corporate Communications, (702) 414-3607

reclaimed cantonese

State Street is also actively involved in local communities
throughout the region. For six consecutive years, State Street has
been the principal sponsor of Oxfam Trailwalker in Hong Kong, one of
the region 's largest fundraising events in which thousands of
participants compete in a challenging endurance hike to raise funds
for Oxfam Hong Kong's poverty alleviation and emergency relief
programmes . In
2004, the company made grants totaling more than HK$1.

About Las Vegas Sands Corp .

lasted sunset

Since 1999, State Street has contributed approximately
HK$7. MACAO, Special Administrative Region of the People's Republic of China,
Las Vegas Sands Corp.

sunset flag

"We see enormous potential in the Chinese market for
our full spectrum of integrated and comprehensive investment
solutions.
State Street is a leading provider within the Asia Pacific region,
providing investment services for approximately 34 percent of the
global custody assets in Australia and leading the market in Japan,
servicing more than 36 percent of the trust assets held by
non-domestic trust banks.4 trillion in assets
under management, as of March 31, 2005, State Street operates in 25
countries and more than 100 markets worldwide.

Demographically, Macau is 96% Chinese and 2% Portuguese with Cantonese the most commonly spoken dialect.

cantonese administrative

5 million to different social organizations in Hong Kong.5 trillion in assets under custody and $1.

msar became

Diener has held
leadership positions with convention and trade show operators in Europe and
Asia. He brings a strong track record of success and in welcoming Wolfram
to VML it is a clear signal of our belief in the potential of the Convention
and Exhibition market in Macao," said Frank McFadden, chief operating officer
of Venetian Macau Limited.

lowering portuguese

The flag-lowering ceremony at sunset lasted only a few minutes after which Macau became the most recent Special Administrative Region in China (MSAR).

ending era

"
Although this is the first office in mainland China, State Street
has had a presence in Asia Pacific for more than 20 years and has been
actively involved in the Chinese financial landscape since 1997,
working with the Bank of China, Industrial and Commercial Bank of
China, China Securities Regulatory Commission, the Shanghai Stock
Exchange, China Asset Management Company and E Fund Management
Company. Diener was the general manager of Shanghai New
International Expo Center Co.
"It is extremely gratifying to be joining the world's premier resort and
gaming company.
The "COTAI Strip" mark is a trademark of Las Vegas Sands Corp.

portuguese administrative

Business Editors

BEIJING-- --State Street Corporation
(NYSE: STT), the world's leading provider of services to institutional
investors, today announced that it has established a representative
office in Beijing.
State Street's new office in Beijing complements its already
strong presence in the region.