JPMorgan's adr.com Named "Best of the Web" for Emerging Markets by Forbes.

Business Editors/Hi Tech Writers

NEW YORK--(BUSINESS WIRE)--Feb. 21, 2001

JPMorgan announced that its adr.com website, a central source for information on American Depositary Receipts (ADRs) and international equities, was selected by Forbes.com Magazine as "Best of the

"As a key influencer in the financial community, we are extremely pleased with Forbes' recognition," said Patrick Colle, senior vice president and global business head of JPMorgan's ADR Group.

"As the firm is pursuing multiple Internet initiatives across all product lines, this accolade is strongly indicative of our e-commerce capabilities," said Michael K. Clark, executive vice president and business executive for JPMorgan Institutional Trust Services.

adr.com, launched in 1998 as a market-defining portal for the ADR business, delivers comprehensive global markets intelligence and facilitates information flow between non-U.S. issuers and the U.S. institutional and retail investment community.

Colle noted that users of adr.com are in more than 90 countries, and that the site has information on more than 2,000 ADR programs. The site combines news, market and trading data, consensus analyst recommendations and sophisticated search, charting and portfolio creation tools. The site has achieved a monthly "hit" rate of 6 million.

Forbes commented that adr.com's design is "so clean and simple that a child could use it; yet the simplicity belies the amount of data packed in. You can search for ADRs by region, industry and company. A handy graphical overview in the Regions section displays the world's best and worst performing indexes for the day. You can drill down into areas like Latin America or Russia and see how all the bourses did, then go further into individual firms. You can also see what institutions are betting on and create your own portfolio." Read the site review at: forbesbest.com/asp/category.asp?category=Emerging+Markets

JPMorgan's ADR Group, a business unit within the investment bank's Institutional Trust Services division, is the world's premier ADR bank.

Institutional Trust Services is one of three divisions in JPMorgan's Treasury & Securities Services (formerly Chase Global Services), the bank's information and transaction services franchise. Institutional Trust maintains a global network of more than 30 offices in 12 countries, including Chase Trust Bank in Tokyo and Chase Trustees Ltd. in London, with more than 1,800 employees worldwide. Through this global network, Institutional Trust Services delivers a broad range of products and services, including traditional corporate trust as well as structured finance, global securities clearance, collateral management settlement services, ADR services and outsourcing support to a variety of U.S. and international government agencies. The division services more than $3.0 trillion in debt worldwide.

J.P. Morgan Chase & Co. is a premier global financial services firm with assets of $715 billion and operations in over 60 countries. The firm is a leader in investment banking, asset management, private equity, consumer banking, private banking, e-finance, and custody and transaction servicing. Headquartered in New York, JPMorgan Chase serves 32 million consumer customers and over 5,000 corporate, institutional, and government clients. The firm trades on the New York Stock Exchange under the symbol "JPM" and is one of the 30 stocks that makes up the Dow Jones Industrial Average. For more information, visit jpmorganchase.com.

Neither this announcement nor the information contained herein constitutes an offer or solicitation by JPMorgan for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. An offering is made by means of a prospectus only. Information herein is believed to be reliable, but JPMorgan does not warrant its completeness or accuracy.