JPMorgan to Provide Alternative Asset Fund Services for Ireland's National Pensions Reserve Fund

London, 17 April 2007 – JPMorgan Worldwide Securities Services today announced it has won a mandate to provide property and private equity fund accounting and administrative services for the National Pensions Reserve Fund (NPRF), Ireland’s state pension reserve fund.

The mandate was awarded by the National Treasury Management Agency, which manages the NPRF. The fund was valued at €18.8 billion at the end of 2006. The National Treasury Management Agency projects the value of the NPRF's property and private equity portfolios will be at least €2 billion each by 2009.

“We are delighted to be working with the National Pensions Reserve Fund in Ireland and begin providing them with fund administration services, starting with Property and Private Equity Fund Services,” said Benjie Fraser, head of relationship management and sales for pension funds and charities at JPMorgan Worldwide Securities Services in the region. “This mandate is part of JPMorgan’s innovative move to support pension funds in Ireland and across the rest of Europe.”

About JPMorgan Worldwide Securities Services
JPMorgan Worldwide Securities Services, a division of JPMorgan Chase Bank, N.A., is a global industry leader with $13.9 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 debt 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 & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.4 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 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.