JPMorgan Adds India's Financial Technologies As New Depositary Receipts Services Client

Hong Kong, October 23, 2007 – JPMorgan today announced that it is acting as depositary bank for Financial Technologies (India) Limited (“Financial Technologies”). On 11 October 2007, Financial Technologies completed its Global Depositary Receipts (“GDR”) listing on the EuroMTF Market of Luxembourg Stock Exchange, established in conjunction with the company's US$100 million Regulation S and Rule 144A offering. The GDRs are also eligible for trading on the International Order Book of the London Stock Exchange.

Each Financial Technologies common share represents 7 GDRs of Financial Technologies.

Financial Technologies, the flagship company of the Financial Technologies Group, is a global leader in offering technology intellectual property and domain expertise to create and trade on next generation financial markets that are transparent, efficient and liquid, across all asset classes including equities, commodities, currency and debt.

“We appointed JPMorgan as our depositary bank since JPMorgan’s expertise in assisting companies to list overseas through the GDR instrument is highly regarded,” said
Shreekant Javalgekar, Director of Finance for Financial Technologies.

Kenneth Tse, JPMorgan’s Senior Vice President and Head of Asia Pacific Regional Depositary Receipt (“DR”) Group, commented, “We are delighted to work with Financial Technologies on their GDR program and look forward to a successful partnership.”

JPMorgan provides a full complement of ADR and GDR services to issuers seeking to have their equity traded on exchanges beyond their home markets. JPMorgan's primary services include DR Issuances and Cancellations, Stock Transfer, Tender and Exchange Offer and Subscription Rights Agency services, and Tax Reclamation services for investors.

For market information on DRs and international equities go to JPMorgan’s award-winning Web site www.adr.com. For more information on JPMorgan’s DR services go to http://www.jpmorgan.com/visit/adr.

About JPMorgan Worldwide Securities Services
JPMorgan Worldwide Securities Services, a division of JPMorgan Chase Bank, N.A., is a global industry leader with $15.2 trillion in assets under custody. JPMorgan provides innovative custody, fund accounting and administration and securities services to the world's largest institutional investors, alternative asset managers and equity issuers. JPMorgan Worldwide Securities Services leverages its scale and capabilities in more than 90 markets to help clients optimize efficiency, mitigate risk and enhance revenue through a broad range of investor services as well as securities clearance, collateral management and alternative investment services. For more information, please visit www.jpmorgan.com/wss.

About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.5 trillion and operations in more than 50 countries. JPMorgan Chase serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. Information about the firm is available at www.jpmorganchase.com.