PERU’S SECURITIES DEPOSITORY NAMES JPMORGAN FOR CUSTODY AND ADMINISTRATION SERVICES

Posted March 25, 2008

NEW YORK – Cavali, the central securities depository of Peru, has chosen JPMorgan Securities Company for its securities services needs, including custody and asset administration.

“We selected JPMorgan due to its strong commitment, experience and focus in Latin America,” says Francis Stenning, President and Chief Executive Officer of Cavali. “JPMorgan’s modern technology and online reporting as well as local language capabilities will help us improve operating efficiencies and allow us to capitalize on new opportunities in the market.”

JPMorgan also recently won custody business from CEDEVAL (Central Securities Depository of El Salvador) and provides services to several other central depositories, central banks, commercial banks, government institutions and corporations in the Latin America region. JPMorgan Securities Company has $15.9 trillion in assets under custody and $4.6 trillion in assets under administration.

“JPMorgan is well positioned to become the securities service partner of choice for Latin America,” says Chris Lynch, Head of Western Hemisphere Sales for JPMorgan Securities Company. “We, as part of a global franchise, have all the tools, products and services that clients will need to help them manage their global investment activities.”