JPMorgan Worldwide Securities Services to Provide Custody Services for the Mineworkers Pension Scheme

London, August 15, 2006 – Following The Mineworkers Pension Scheme’s recent benchmarking exercise and review, the Scheme has agreed to retain JPMorgan Worldwide Securities Services (WSS) as their £10.5 billion scheme’s custodian.

David Morgan, Chief Executive said, “We are delighted to continue our relationship with JPMorgan Worldwide Securities Services for The Mineworkers Pension Scheme. We think JPMorgan provides us with high quality of service and great value.”

Richard Warne, head of relationship management at JPMorgan Worldwide Securities Services in Europe, Middle East and Africa, said, “After The Mineworkers Pension Scheme conducted a thorough review and considered their options, the pension funds' trustees reappointed JPMorgan as their global custodian. The appointments reaffirm our market position as the leading provider of custody services in the UK pension sector.”

The Mineworkers Pension Scheme has assets of ?14 billion providing pensions to 290,000 former industrial employees of British Coal. Thomas Murray Limited assisted in the review.

About JPMorgan Worldwide Securities Services
JPMorgan Worldwide Securities Services, a division of JPMorgan Chase Bank, N.A., is the global industry leader with $11.5 trillion in assets under custody. JPMorgan provides innovative securities services as well as clearance and trust services to the world’s largest institutional investors and debt and equity issuers.

For more information, please visit www.jpmorgan.com/wss.

About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.3 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average, 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.

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