Business Services Industry

JP Morgan Chase beats BNP Paribas to Hostplus mandate.

Australasian Business Intelligence, May, 2006

May 11, 2006 (Investor Weekly - ABIX via COMTEX) -- JP Morgan Chase has renewed its mandate with Australian superannuation scheme, Hostplus. It will continue as custodian under a new arrangement that will give Hostplus access to more services. JP Morgan Chase has been custodian of Hostplus for six years. The other contender for the position was BNP Paribas. Hostplus CEO, David Elia, said the fund expected its partnerships to deliver services equal to or better than industry norms.

Publication Date: 11 May 2006

HOST-PLUS

JP MORGAN CHASE AND COMPANY

BNP PARIBAS SA

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