J.P. Morgan Is Top Custodian and Fund Administrator in Luxembourg

Luxembourg, 25 April 2008 – JPMorgan Bank Luxembourg S.A. today announced that it is the top custodian and fund administrator in Luxembourg, according to the latest figures from Fitzrovia, the independent data firm. As of 31 December 2007, JPMorgan’s Luxembourg assets under administration were $351 billion and assets under custody were $439 billion. JPMorgan has been the largest custodian in the region according to the survey for the past eight years.

Susan Ebenston, head of Global Funds Services products for JPMorgan Investor Services, said, “Driven by an increase in global demand as well as one of the highest standards of service quality in the region, our Luxembourg business experienced another year of strong growth. Our commitment to the market and successful partnerships with many of the world’s leading fund managers has enabled us to continually lead the Fitzrovia survey.”

Sanjiv Sawhney, Managing Director of JPMorgan Bank Luxembourg, said, “The Luxembourg marketplace and our clients have led the way with more complex products: hedge funds, 130/30 funds, SIF, and tax transparent funds. We are continuously upgrading our service offering to support the growth and innovation of our clients.”

JPMorgan has been in Luxembourg for 35 years, and has grown significantly following the implementation of UCITS (Undertakings for the Collective Investment of Transferable Securities). The Investor Services business employs over 500 staff from 25 different nationalities. Along with more than 300 people who are part of JPMorgan Asset Management, it makes Luxembourg the largest JPMorgan location in continental Europe.

About JPMorgan Investor Services
JPMorgan Investor Services is a premier asset servicing provider that helps institutional investors and alternative asset managers optimize efficiency, mitigate risk and enhance revenue. Part of JPMorgan Worldwide Securities Services, a division of JPMorgan Chase Bank, N.A., Investor Services leverages the firm’s unparalleled scale, leading technology and deep industry expertise to service investments around the world. It has $15.7 trillion in assets under custody and $4.6 trillion in assets under administration. For more information, go to www.jpmorgan.com/visit/is.

About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.6 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 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