JPMorgan Announces Mandate for First Nigerian GDR in London

London, 13 August 2007 - JPMorgan Worldwide Securities Services today announced it is acting as depositary bank for Guaranty Trust Bank plc ("GTBank"), which completed the first Global Depositary Receipt offering in London for a Nigerian company.

Shaun Parkes, global head of sales for JPMorgan Worldwide Securities Services' depositary receipts business, said, "We are very pleased to have been chosen as depositary for GTBank in this landmark transaction, and we look forward to assisting the company in its efforts to further raise its profile and liquidity among international investors."

GTBank, which offers financial services in Nigeria and other West African countries, in July listed on the London Stock Exchange in the largest international equity offering by a Nigerian company. JPMorgan Securities Ltd. acted as joint global coordinator and joint bookrunner for the offering, the investment bank's fifth transaction in Nigeria this year. GTBank is the first African bank to list on the London Stock Exchange.

For more information about JPMorgan's depositary receipt business, please visit: http://www.jpmorgan.com/visit/ADR

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 & Co.

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. 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

Source: JPMorgan Chase & Co.

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