J.P. Morgan Appointed Depositary Bank by Jindal Cotex

Hong Kong, August 30, 2010 – J.P. Morgan announced today that it has been appointed depositary bank by India-based producer of synthetic, cotton and blended yarns, Jindal Cotex Limited ("Jindal Cotex"), following the company’s recent USD 38.5 million Global Depositary Receipt (GDR) listing on the Luxembourg Stock Exchange.

"We are extremely pleased to have launched our GDR offering in Europe," said Sandeep Jindal, Managing Director of Jindal Cotex. "J.P. Morgan’s depositary receipts team was selected for its recognized leadership and expertise and its remarkable professionalism."

Kenneth Tse, Asia Pacific head of J.P. Morgan’s depositary receipts group, added: "We are extremely pleased to have been appointed by Jindal Cotex as its depositary bank. Our extensive experience in this area and our ability to deliver the right solution to the client were key factors in securing this business. We welcome this first opportunity to work with Jindal Cotex and we look forward to building a long-term relationship."

J.P. Morgan is committed to working closely with its clients to design and implement customized depositary receipt (‘DR’) programs to achieve their strategic goals and facilitate DR liquidity.

J.P. Morgan launched the first depositary receipt program in Asia in 1961 for Sony and serves as depositary bank for leading companies throughout the region. J.P. Morgan provides a full range of American Depositary Receipt (‘ADR’) and Global Depositary Receipt (‘GDR’) services to issuers seeking to have their equity traded on exchanges beyond their home markets. For more information on depositary receipts and international equities, please visit J.P. Morgan’s award-winning website, www.adr.com.

About J.P. Morgan Worldwide Securities Services
J.P. Morgan Worldwide Securities Services (WSS) is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. A division of J.P. Morgan Chase Bank, N.A. (NYSE: JPM), WSS leverages the firm’s unparalleled scale, leading technology and deep industry expertise to service investments around the world. It has $14.9 trillion in assets under custody and $6.5 trillion in funds under administration. For more information, go to www.jpmorgan.com/wss.

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.

About Jindal Cotex
Jindal Cotex Limited (JCL) is a flagship company of the Jindal group of Ludhiana and is listed in India. Ludhiana is an industrial hub of Punjab, which is also known as the Manchester of India. In 1998, the Group diversified into the textile business and promoted JINDAL COTEX LIMITED with the mandate of manufacturing synthetic, cotton and blended yarns. At its incorporation, the company had an installed capacity of 7000 spindles. Today, the capacity has increased to 52,000 spindles. For more information about Jindal Cotex, please visit www.jindalcotex.com .

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