JPMorgan Chase, Employees To Donate Up to $3 Million for Hurricane Katrina Relief

Business Wire, August 31, 2005

NEW YORK -- JPMorgan Chase & Co. (NYSE:JPM) announced today that the company and its employees will donate up to $3 million to help families affected by Hurricane Katrina.

The company will donate $1 million to the American Red Cross specifically for Hurricane Katrina relief and will match employee donations dollar-for-dollar up to $1 million, for a potential total of $3 million.

"It is heartbreaking to see the destruction caused by this hurricane," said William B. Harrison, Jr., chairman and chief executive officer of JPMorgan Chase. "Our $1 million donation, as well as our employee giving and the company's match, reflect our support for the daunting rebuilding job ahead."

In addition, nearly 2,500 of the company's Chase and Bank One branches today began accepting cash and check donations to the American Red Cross for Hurricane Katrina relief. The company also is preparing a disaster-relief loan program for consumers and small businesses in South Louisiana, and will work individually with any customers affected by the hurricane.

JPMorgan Chase has more than 4,000 employees in Louisiana, including 1,100 employees and their families in the Greater New Orleans area. It also operates 175 Chase branches and 290 ATMs in Louisiana, including 60 branches in the Greater New Orleans area.

JPMorgan Chase & Co. (NYSE:JPM) is a leading global financial services firm with assets of $1.2 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. 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.