J.P. Morgan Treasury Services’ Foreign Exchange Services Expands to Support Payments in More Than 140 Currencies

New Capability Increases Payment Options for Clients

NEW YORK - J.P. Morgan’s Treasury Services business, a full-service provider of cash management, trade finance and treasury solutions, today announced expansion of its foreign exchange services to support execution of payments in more than 140 currencies.

By expanding the bank’s foreign exchange payment capabilities to include a wider range of currencies, clients now have more currency options when making payments. Additionally, clients can lock in the exchange rate in more currencies so transaction costs can be calculated in advance of transmission.

“It is crucial for our clients to be able to make payments in local currencies so they can operate as efficiently as possible, especially during these challenging economic conditions,” stated Emma Loftus, managing director, J.P. Morgan Treasury Services. “By expanding our currency capabilities, we have simplified global payments, allowing for the movement of money wherever it is needed, and in the currency required. This is an important part of J.P. Morgan’s ongoing efforts to increase our global treasury services capabilities.”

The expansion of foreign exchange services supports the firm’s announcement in the fall of 2008 to increase its international service capabilities. With an investment of $1 billion, J.P. Morgan is growing its infrastructure and integrating capabilities globally to meet clients’ increasing need for cash management tools and services.

J.P. Morgan offers a full suite of foreign exchange solutions to meet client’s cross-border needs. With the continuing globalization of the economy, clients need to manage worldwide exposures while automating payment processes, driving internal efficiencies and maintaining robust compliance and control mechanisms. J.P. Morgan’s foreign exchange capabilities help clients handle the complexities and challenges of the evolving cross-border payment landscape. From making simple payment to a vendor in another country or meeting payroll for employees around the world in multiple currencies, J.P. Morgan has the solutions clients need to process international payments.

J.P. Morgan’s Foreign Exchange Solutions deliver benefits such as:

* A full suite of innovative solutions, from simple to complex
* Competitive FX rates
* Convenient and flexible local currency accounts
* Access to experts that can help assess client’s overall foreign exchange risk exposure, and design appropriate hedging structures

For more information on J.P. Morgan Cross-Border Payments, visit: http://www.jpmorgan.com/visit/fx

About J.P. Morgan Treasury Services
The Treasury Services business of J.P. Morgan is a top-ranked, full-service provider of innovative payment, collection, liquidity and investment management, trade finance, commercial card and information solutions to corporations, financial services institutions, middle market companies, small businesses, governments and municipalities worldwide. With more than 50,000 clients and a presence in 39 countries, J.P. Morgan Treasury Services is one of the world’s largest providers of treasury management services and a division of JPMorgan Chase Bank, N.A., member FDIC. More information can be found at www.jpmorgan.com/ts

About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.2 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. Information about the firm is available at www.jpmorganchase.com.