Greylock Capital Management Selects J.P. Morgan for Private Equity Fund Administration

NEW YORK, November 9, 2009 - J.P. Morgan announced today that it has been appointed by New York-based Greylock Capital Management LLC to provide private equity fund administration. Greylock Capital is a leading alternative asset manager focused on emerging markets in Africa, Asia, Eastern Europe and Latin America.

J.P. Morgan Private Equity Fund Services will provide Greylock Capital with a set of comprehensive services including fund and partnership accounting, capital call/distribution management, and investor tracking, along with investor relations support and treasury services. Tax compliance services, management and financial reporting, and waterfall/carry plan administration will also be provided.

"We are pleased to be working with an emerging markets manager like Greylock Capital," said James Hutter, global business executive for J.P. Morgan Private Equity Fund Services. "Private equity funds are increasingly turning to leading independent administrators like J.P. Morgan that have the global scale and reach to deliver quality administration services anywhere in the world where they may do business."

Sekou Kaalund, global head of business development for J.P. Morgan Private Equity Fund Services, said: "In the current market where asset managers are facing cost pressures, increased investor scrutiny, and forthcoming regulatory changes, outsourcing is a prudent step allowing firms to focus on their core activities while benefiting from industry leading practices for administration."

J.P. Morgan provides top-rated administration services to more than $200 billion in alternative assets. It has offices in New York, London, Jersey (Channel Islands), Sydney, San Francisco, Chicago and Dallas. The Private Equity Fund Services group offers services for private equity funds, institutional limited partners, real estate funds, infrastructure funds, funds of private equity funds, distressed debt and hybrid funds. The global bank offers cash management and foreign exchange services in addition to fund and portfolio administration.

In the 2009 Global Custodian Private Equity Fund Administration Survey, J.P. Morgan was top-rated for the third consecutive year and received best-in-class recognition across 54 service categories, securing more top ratings than any other administrator.

For more information on J.P. Morgan Private Equity Fund Services, please visit www.jpmorgan.com/pefs.

About Greylock Capital Management LLC
Greylock Capital Management LLC is an alternative asset manager with a 12 year history of investing in emerging and frontier markets in Africa, Asia, Eastern Europe and Latin America. Greylock Capital relies on years of international restructuring experience and on the ground investment analysis to identify uniquely promising investment opportunities with low correlations to traditional emerging market strategies. In all cases, Greylock Capital stresses intelligent value investing, prudent hedging and capital preservation. Greylock Capital has robust compliance procedures and offers rigorous risk management and transparent reporting to all investors. For more information, please visit www.greylockcapital.com.

About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM), is a leading global financial services firm with assets of $2.0 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.