JPMorgan Chase & Co. Redeems Adjustable Rate Cumulative Preferred Stock, Series A, Adjustable Rate Cumulative Preferred Stock, Series L, Adjustable Rate Cumulative Preferred Stock, Series N

Business Wire, Nov 30, 2004

NEW YORK -- JPMorgan Chase & Co. (NYSE: JPM) today announced that it will redeem on December 31, 2004, all outstanding shares of the following series of its Adjustable Rate Cumulative Preferred Stock: Adjustable Rate Cumulative Preferred Stock, Series A, Adjustable Rate Cumulative Preferred Stock, Series L and Adjustable Rate Cumulative Preferred Stock, Series N.

The Adjustable Rate Cumulative Preferred Stock, Series A (Series A Preferred), is currently traded on the New York Stock Exchange under the symbol JPMPrA (CUSIP 46625H209). The redemption price per share will be $100.

The Adjustable Rate Cumulative Preferred Stock, Series L (Series L Preferred), is currently traded on the New York Stock Exchange under the symbol JPMPrL (CUSIP 46625H886). The redemption price per share will be $100.

The Adjustable Rate Cumulative Preferred Stock, Series N (Series N Preferred), is currently traded on the New York Stock Exchange under the symbol JPMPrN (CUSIP 46625H878). The redemption price per share will be $25.

Payment of the redemption prices will be made on or after December 31, 2004, upon presentation and surrender of certificates representing shares of the preferred stock redeemed, to Mellon Investor Services LLC, Redemption Agent, by hand at their window facility at 120 Broadway, New York, NY 10271 or by mail at P.O. Box 3300, South Hackensack, NJ 07606.

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.1 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. has its corporate headquarters in New York and its U.S. retail financial services and commercial banking headquarters in Chicago. Under the JPMorgan, Chase and Bank One brands, the firm serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients. Information about the firm is available at www.jpmorganchase.com.