J.P. Morgan Chase Capital XII Corrects Quarterly Distribution Dates for Holders of Record

Business Wire, June 24, 2004

NEW YORK -- J.P. Morgan Chase & Co. and J.P. Morgan Chase Capital XII, a Delaware statutory trust subsidiary of J.P. Morgan Chase & Co., today announced that a quarterly distribution on the outstanding 6.250% Capital Securities, Series L (Liquidation amount $25 per Capital Security), of J.P. Morgan Chase Capital XII will be paid on July 15, 2004, (rather than August 2, 2004 as previously reported) in the amount of $0.390625 per Capital Security. The distribution will be paid to holders of record at the close of business on July 14, 2004 (rather than July 30, 2004 as previously reported).

J.P. Morgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $801 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, J.P. Morgan Chase & Co. is headquartered in New York and serves more than 30 million consumers 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.