J.P. Morgan Chase Capital XI Quarterly Distribution

Business Wire, Nov 14, 2003

Business Editors

NEW YORK--(BUSINESS WIRE)--Nov. 14, 2003

J.P. Morgan Chase & Co. and J.P. Morgan Chase Capital XI, a Delaware business trust subsidiary of J.P. Morgan Chase & Co., today announced that a quarterly distribution on the outstanding 5.875% Capital Securities, Series K (Liquidation amount $25 per Capital Security), of J.P. Morgan Chase Capital XI will be paid on December 15, 2003, in the amount of $0.3671875 per Capital Security. The distribution will be paid to holders of record at the close of business on December 12, 2003.

J.P. Morgan Chase & Co. is a leading global financial services firm with assets of $793 billion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, investment management, private banking and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase is headquartered in New York and serves more than 30 million consumer customers nationwide, and many of the world's most prominent corporate, institutional and government clients. Information about JPMorgan Chase is available on the internet at www.jpmorganchase.com.