METLIFE INVESTMENT MANAGEMENT AND STATE STREET ENTER INTO A $2 BILLION COMMERCIAL MORTGAGE CO-LENDING AGREEMENT

METLIFE INVESTMENT MANAGEMENT AND STATE STREET ENTER INTO A $2 BILLION COMMERCIAL MORTGAGE CO-LENDING AGREEMENT NEW YORK, August 16, 2018 MetLife Investment Management, the institutional asset management platform for MetLife, Inc. (NYSE: MET) and State Street Corporation (NYSE: STT), today announced a multi-year agreement in which MetLife Investment Management and its affiliates will originate and service for State Street affiliates up to $2 billion in commercial mortgage loans. State Street affiliates and MetLife affiliates will co-lend each loan under the agreement.

This MetLife-State Street partnership offers customers access to two highly respected, leading financial institutions, said Robert Merck, senior managing director and global head of real estate and agriculture, MetLife Investment Management. This is an important step in growing our real estate platform, and we look forward to partnering with State Street to provide a wider range of real estate financing options to our borrowers.

We are pleased to partner with MetLife to source new investment opportunities, as well as add commercial real estate mortgages to our broad suite of lending options, and we plan to lend in concert with our many asset management clients, said Paul Selian, head of global credit finance for State Street Global Markets. This agreement is a testament to the relationship State Street has with MetLife.

MetLife Investment Management provides institutional investors with long-term public and private investment and financing solutions.

The partnership with State Street complements MetLife Investment Management's commitment to growing its business across new fixed income strategies and in new markets. Last year, MetLife, Inc. acquired Logan Circle Partners, L.P., a specialist in traditional fixed income strategies, and earlier this year, MetLife Investments Asia Limited received its asset management license from the Securities and Futures Commission in Hong Kong.

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