J.P. Morgan Appointed Depositary by Remco

London, July 9, 2010 – J.P. Morgan announced today that it has been appointed depositary bank by Remco for its American Depositary Receipt (ADR) program.

This is the first depositary receipt program in the Middle East and North Africa since 2009 and J.P. Morgan's first ADR program in Egypt -- the largest DR market in the region.  

Alex Hickson, EMEA regional head of depositary receipts at J.P. Morgan, said: “We are delighted that Remco has selected J.P. Morgan for its ADR program.  We look forward to building a long term relationship with Remco and supporting the company’s goal to attract new DR investments and deliver value to its shareholders.”

Ayoub Adly Ayoub, Remco CEO, said: “Through this ADR program we plan to support our business expansion plans and increase our visibility to the international investor community. The J.P. Morgan team clearly demonstrated strong credentials and an in-depth knowledge of the ADR market and we believe their investor relations experience will be invaluable in achieving our aims.”

J.P. Morgan pioneered the depositary receipts market over 80 years ago, introducing the first-ever DR in 1927.  J.P. Morgan provides a full range of ADR and GDR services to issuers seeking to have their equity traded on exchanges beyond their home markets. For market information on depositary receipts and international equities, please go to J.P. Morgan’s award winning web site www.adr.com. More information on J.P. Morgan’s depositary receipt services is also available on www.jpmorgan.com/visit/adr.

About Remco
Established in 1995, Remco Tourism Villages Construction (RTVC) pioneered the mixed use developments on the Red Sea Coast at Ain Soukhna with the construction of its Stella di Mare resort which has become the ‘in place’ for Cairenes to spend their weekends away from the bustle of the city. Remco expanded from that single project to launch other mixed use projects on the Red Sea and the Mediterranean Coast, residential developments in and around Cairo, resort hotels in the Sinai Peninsula and an amusement park and mall in Sharm El Sheikh. Its hotels bear the signature mark of Stella di Mare which has become synonymous with quality. Remco has to date 5 hotels in operation with around 1600 rooms, one of the largest Thalasso therapy centres in the Middle East, and an 18 hole Golf course. It has delivered more than 3,000 residential and commercial units to end users and plans to expand its hotel capacity to more than 4,000 rooms. For more information, go to www.remcogroup.net .

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 JPMorgan Chase Bank, N.A., WSS leverages the firm's unparalleled scale, leading technology and deep industry expertise to service investments around the world. It has $15.3 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 $2.1 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.

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