WSIB Hires J.P. Morgan As Custodian And Securities Services Provider For $82 Billion In Assets

New York, September 26, 2007 -Washington State Investment Board (WSIB) has hired JPMorgan to provide custody and securities services for the Board's more than $82 billion in assets.

The Washington State Investment Board manages investments for 16 separate retirement funds for public employees, teachers, school employees, law enforcement officers, firefighters and judges. It also manage investments for 21 other public funds that support or benefit industrial insurance, colleges and universities, developmental disabilities and wildlife protection.

JPMorgan Worldwide Securities Services will provide a wide range of custody and securities services including: global custody, fund accounting, compliance measurement, securities lending, foreign exchange and performance measurement. The Board will have a dedicated client service team with on-site client service in Olympia, WA.

"We hired JPMorgan for custody and securities services because they offer all the core services we need including daily accounting, compliance and performance reporting. They have the right technology and people to provide the best service for our funds," said Theresa Whitmarsh, COO of Washington State Investment Board.

Michael Clark, JPMorgan Worldwide Securities Services CEO said: "JPMorgan is proud to be working with the Washington State Investment Board, which has more than 25 years of experience in financial investment management. We will provide the Board with an expert team, dedicated client service and the best technology available in the industry today."

JPMorgan will provide services for all of the Board's investments, which include 36 separate funds for:

• Retirement (defined benefit and defined contribution) for public employees, teachers, school
  employees, law enforcement officers and firefighters
• Deferred compensation programs
• Judicial retirement accounts
• Industrial insurance funds for injured workers and their employers, permanent funds to benefit
  schools, colleges, and universities
• Trust funds including the GET College Tuition Program and the Developmental Disabilities
  Endowment Fund, and Game & Special Wildlife Fund

For more information on JPMorgan Worldwide Securities Services go to www.jpmorgan.com/visit/pensions/public

About JPMorgan Worldwide Securities Services
JPMorgan Worldwide Securities Services, a division of JPMorgan Chase Bank, N.A., is a global industry leader with $15.2 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 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 $1.5 trillion and operations in more than 50 countries. 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.