JPMorgan Announces NIDEC ADR Launch

Business Wire, Sept 27, 2001

Business Editors

NEW YORK--(BUSINESS WIRE)--Sept. 27, 2001

JPMorgan announced today that Nidec Corporation (NYSE:NJ), a manufacturer of ultra-small precision motors, has launched a sponsored American Depositary Receipt (ADR) traded on the NYSE.

Nidec's products include motors used in personal computers, office equipment, home appliances, automobiles, and industrial machinery. With approximately $1.4 billion (U.S. GAAP) in annual consolidated sales and 18,350 employees worldwide, Nidec has a dominant position of the global market for hard disk drive spindle motors, an essential component used in PCs and other digital appliances. The company is headquartered in Kyoto, Japan.

Additional information on the company is available at nidec.co.jp.

Each Nidec Corporation ADR (CUSIP 654090109) represents 1 common share traded on the Osaka and Tokyo Stock Exchanges.

J.P. Morgan Chase & Co. is a leading global financial services firm with assets of $713 billion and operations in more than 50 countries. The firm is a leader in investment banking, asset management, private equity, custody and transaction services, retail and middle market financial services, and e-finance. Headquartered in New York, JPMorgan Chase serves more than 30 million consumer customers and the world's most prominent corporate, institutional and government clients. For more information, visit jpmorganchase.com and JPMorgan's adr.com, the central source for information on ADRs and international equities.

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.