NEWS RELEASE For Release: Immediately Contact: George A. Russell 617/654-3886 Investors & analysts Susanne G. Clark 617/654-3477 STATE STREET BOSTON CORPORATION ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE INVESTORS FIDUCIARY TRUST COMPANY Boston, Massachusetts...September 27, 1994 State Street Boston Corporation announced today that it has signed a definitive agreement to acquire Investors Fiduciary Trust Company (IFTC), of Kansas City, Missouri from DST Systems, Inc. and Kemper Financial Services, Inc. The letter of intent was previously announced in July. State Street will be exchanging shares of its common stock valued at approximately $225 million for all the stock of IFTC's holding company, which owns IFTC and other assets. The transaction is expected to close promptly after regulatory and other approvals. IFTC has approximately $130 billion in assets under custody. With $1.6 trillion in assets under custody and $139 billion in assets under management, State Street is a leading servicer of financial assets worldwide.