J.P. Morgan Re-Appointed Depositary Bank for KEPCO’s ADR Program

HONG KONG, September 30, 2009 – J.P. Morgan announced today that it has been re-appointed as depositary bank for Korea Electric Power Corporation (KEPCO)’s American Depositary Receipt (‘ADR’) program, which is one of the largest programs in the Asia Pacific region to date. J.P. Morgan has been KEPCO’s depositary bank since 2004.

South Korea-based KEPCO is one of the fastest growing utilities company in the world. The Group's principal activities are the transmission and distribution of electricity to industrial, general, residential, educational, agricultural, and street lamp sectors.

“We are honored to be re-appointed as depositary bank for KEPCO. We have been enjoying a successful, long-standing relationship with KEPCO and look forward to supporting KEPCO’s efforts to expand its global profile and particularly its visibility within the U.S. investor community," said Kenneth Tse, Asia Pacific Head of J.P. Morgan’s Depositary Receipts Group.

“J.P. Morgan’s world-class advisory service and its ability to provide tailor-made solutions were key factors in our decision to continue working with them on this program. We are confident in their ability to help us raise our profile among the U.S. investor community,” said Mr. MW Kim, Finance Director at KEPCO.

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 ADR services to non-U.S. issuers seeking to have their equity traded in the U.S. stock markets. J.P. Morgan’s primary services include ADR Issuances and Cancellations, Stock Transfer, Tender and Exchange Offer and Subscription Rights Agency services, and Tax Reclamation services for investors.

J.P. Morgan also offers a wide range of value-added Investor Relations and Advisory services, with the goal of facilitating the liquidity, ownership and visibility of its clients' depositary receipt programs.

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 JPMorgan Chase
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 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. In Asia Pacific, the firm is based in Hong Kong and operates in 15 countries and has 26 offices. Information about the firm is available at www.jpmorganchase.com.