J.P. Morgan Grows UK Pension Custody Business

London, 14 October 2009 - J.P. Morgan's Worldwide Securities Services business today announced it has been appointed to provide custody and related services to three UK pension funds, as it continues to expand its business in this important market.

PA Pension Scheme, a £410 million fund, has appointed J.P. Morgan to provide custody, accounting and performance measurement to support its recent fiduciary manager appointment.

Benjie Fraser, head of business development and relationship management for J.P. Morgan Worldwide Securities Services' pension fund business in Europe, said, "Because of the growing importance of fiduciary managers for trustees, we are pleased to be able to support these structures not only in the UK but elsewhere in Europe."

Separately, London Borough of Camden pension fund consolidated its custody with J.P. Morgan, which has provided custody services for the borough since 2005, after a formal review by Hymans Robertson, the pension consultants. J.P. Morgan was also newly appointed to provide accounting and performance measurement for the pension fund. Before the review, J.P. Morgan shared custody of the fund's £670 million of assets.

In addition, Blackwells Pension Fund, a £115 million pension fund, has appointed J.P. Morgan to provide custody and accounting services.

Benjie Fraser said, "These new mandates are testament to our dedication to pension funds of all sizes. We are delighted to be working with these three important pension funds, and look forward to helping them best serve their members by providing them with market-leading products and client service."

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. (NYSE: JPM), WSS leverages the firm's unparalleled scale, leading technology and deep industry expertise to service investments around the world. It has $13.7 trillion in assets under custody and $3.7 trillion in funds under administration. For more information, go to www.jpmorgan.com/visit/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, Chase, and WaMu brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.