J.P. Morgan Worldwide Securities Services Expands Dutch Office

London, June 19, 2007 - JPMorgan Worldwide Securities Services today announced it has expanded its business in Amsterdam by hiring new employees and has moved to larger office space.

JPMorgan Worldwide Securities Services in the last year has hired a team based in Amsterdam to work with Dutch corporate and institutional investors, such as pension funds, fund management and insurance companies. JPMorgan plans to build out the business to provide custody, securities lending, accounting, investment operations, fund administrative services and alternative investment services, such as derivative, private equity and hedge fund services, for Dutch clients.

Francis Jackson, head of sales and business development for JPMorgan Worldwide Securities Services in EMEA, said, "The Dutch market is extremely important to us, and we want to provide the best possible service to the pension fund and asset management community there. Last year we identified the Dutch market as one of our focuses for growth in EMEA, and by hiring the team led by John Gout we are better able to provide the high level of service to our Dutch clients."

About JPMorgan Worldwide Securities Services
JPMorgan Worldwide Securities Services, a division of JPMorgan Chase Bank, N.A., is a global industry leader with $14.7 trillion in assets under custody. JPMorgan provides innovative custody, fund accounting and administration and securities services to the world’s largest institutional investors, alternative asset managers and debt and equity issuers. JPMorgan Worldwide Securities Services leverages its scale and capabilities in more than 90 markets to help clients optimize efficiency, mitigate risk and enhance revenue through a broad range of investor services as well as securities clearance, collateral management and alternative investment services. For more information, please visit www.jpmorgan.com/wss.

About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.4 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset and wealth 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 www.jpmorganchase.com.