REG-JP Morgan Chase JPMorgan Opens New International Image Deposit Centers in Taipei and Bangkok

New Image Cash Letter Processing Centers Bring Total JPMorgan Centers Outside
U.S. to 14; Allows Financial Institution Clients to Clear U.S. Dollar Cash
Letters, Lower Check Transportation Costs
NEW YORK--(Business Wire)--

JPMorgan, a full-service provider of cash management, trade finance, and
treasury solutions, today announced the opening of two new International Image
Deposit Centers in Taipei and Bangkok, bringing the total number of image
centers to 14. The new centers will extend JPMorgan's ability to allow its
financial institution clients to clear their U.S. dollar cash letters and lower
check transportation costs, all without changing their cash letter operations.

The Taipei and Bangkok International Image Deposit Centers join 12 other
JPMorgan Centers outside the United States that allow financial institutions to
initiate their cash letter processing. JPMorgan unveiled its inaugural
International Image Deposit Center in Frankfurt, Germany, in October 2005. The
firm has continued to establish imaging centers to make the processing of image
cash letters easier and more efficient for clients. Two more centers are
scheduled to open later this year in Pakistan and Jakarta. The firm continues to
explore other markets to establish image deposit centers as part of its goal to
grow its global offerings to clients.

JPMorgan was the first global treasury management services provider to establish
image deposit centers in local markets around the world. The Taipei and Bangkok
locations join centers located in Bournemouth, Frankfurt, Hong Kong, Madrid,
Milan, Mumbai, Paris, Seoul, Shanghai, Singapore, Tokyo and Zurich.

"With the opening of these two new image deposit centers, JPMorgan is extending
the delivery of our clearing services to more local markets, making it easier
and more convenient for clients doing business around the world to clear their
U.S. dollar check items," explained Linda McLaughlin-Moore, regional product
manager, JPMorgan Treasury Services. "As a leader in image processing solutions,
JPMorgan continues to make good on its commitment to bring the products and
services that help our clients succeed in today's increasingly competitive
global marketplace."

The Taipei and Bangkok centers will further extend the ability for financial
institutions in Asia to streamline their check clearing processes, alleviating
worries over weather delays or loss due to customs inspections.

In addition to the International Image Deposit Centers, JPMorgan offers a suite
of cash letter and check collection products to process international payments:

-- International Cash Letter clears and settles U.S. dollar check deposits,
providing tracking features and SWIFT messaging regarding funds
availability

-- Secure Collections Service offers package tracking and fraud review
processes for secure check collections, crediting clients' accounts on
the scheduled settlement date; guarantees against fraud on the front of
checks

-- Multi-Currency Cash Letter clears and settles checks drawn on
international banks, posting within 24 hours of the receipt of payment
and providing notification via SWIFT, fax or email

For more information about JPMorgan's image deposit services and solutions,
please visit http://www.jpmorganchase.com/info/pr/imagedepositcenters

About JPMorgan Treasury Services

The Treasury Services business of JPMorgan 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 36 countries, JPMorgan Treasury Services is the world's largest
provider 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 $1.8 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
JPMorgan and Chase brands. Information about the firm is available at
www.jpmorganchase.com.

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Media:
Aurora Johnson for JPMorgan, +1-626-359-0732 (office)
aurora@aurorajohnson.com
Karene Dufour Lo, +852-2800-1924 (office)
karene.c.dufourlo@jpmchase.com
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JP Morgan Chase

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