Universities Superannuation Scheme Reappoints JPMorgan Worldwide Securities Services As Global Custodian

London, 22 January 2007 – Universities Superannuation Scheme (USS) has reappointed JPMorgan Worldwide Securities Services as its global custodian following a review of its provider.

Universities Superannuation Scheme has approximately £28 billion of assets under management. JPMorgan Worldwide Securities Services has acted as global custodian and has provided securities lending services for USS since 1995.

Francis Jackson, head of business development and relationship management at JPMorgan Worldwide Securities Services in Europe, Middle East and Africa, said, “Universities Superannuation Scheme has been a valued client for the last 12 years, and we are delighted to continue our long-standing relationship with the scheme. The re-appointment reaffirms our market position as the leading provider of custody services in the UK Pension Sector.”

About JPMorgan Worldwide Securities Services

JPMorgan Worldwide Securities Services, a division of JPMorgan Chase Bank, N.A., is a global industry leader with $13.9 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 & Co.

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 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.

Contact Information

Judith B. Miller

JPMorgan Chase & Co.

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