J.P. Morgan Settles Successful Securities Lending Transaction in Brazil

J.P. Morgan Worldwide Securities Services (WSS) today announced that it has successfully executed and settled a securities lending transaction in the Brazilian market. In doing so, J.P. Morgan is the first non- domestic agent lender to complete a loan transaction in Brazil.

J.P. Morgan as a firm has a long standing commitment to the Latin America market, where it has conducted business for over 100 years. J.P. Morgan’s securities lending business also has a track record in emerging markets. J.P. Morgan was the first agent lender to settle the first non-domestic securities lending transaction in Korea and is the largest lender within many emerging markets, including Taiwan.

"As Brazil is a complex market, we have been involved in due diligence for quite some time and we are very pleased to now be able to enter such an exciting market,” said Judy Polzer, global head of securities lending product at J.P. Morgan. "This development underscores our commitment to offering global access to our client base and to building upon our history as a leader in emerging markets.”

Ricardo Nascimento, head of WSS business for Brazil, adds that "The ability to offer Securities Lending services in the Brazilian market is part of our strategy to offer our global and Brazilian clients a broad range of local services to support their investment strategies.”

J.P. Morgan’s Worldwide Securities Services business was recently ranked the top securities lending provider among the large global securities lending providers in the 2011 Global Custodian Securities Lending Survey and was the only large global securities lending agent to have ratings above average in all three regions covered by the survey (North America, Europe, Asia-Pacific). For more information on J.P. Morgan securities lending services, please visit www.jpmorgan.com/securitieslending.

About J.P. Morgan Worldwide Securities Services

J.P. Morgan Worldwide Securities Services is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. Worldwide Securities Services leverages the firm's unparalleled scale, leading technology and deep industry expertise to service investments around the world. It has $16.6 trillion in assets under custody and $7.5 trillion in assets under administration. For more information, go to www.jpmorgan.com/visit/wss.

About JPMorgan Chase & Co.

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 & Co. 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 JPMorgan Chase & Co. is available at www.jpmorganchase.com.