The Bear Stearns Companies Inc. Declares Preferred Stock Dividend

Business Wire,  June 20, 2008  

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NEW YORK -- JPMorgan Chase & Co. and The Bear Stearns Companies Inc., a wholly-owned subsidiary of JPMorgan Chase & Co. (NYSE:JPM), declared a quarterly dividend on the outstanding shares of each of the following preferred stock issues:

* 6.15% Cumulative Preferred Stock, Series E - $3.075 per share (equivalent to $0.76875 per Depositary Share)

* 5.72% Cumulative Preferred Stock, Series F - $2.86 per share (equivalent to $0.715 per Depositary Share)

* 5.49% Cumulative Preferred Stock, Series G - $2.745 per share (equivalent to $0.68625 per Depositary Share)

All of the above dividends are payable on July 15, 2008, to stockholders of record at the close of business on June 30, 2008.

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.6 trillion as of March 31, 2008 and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. Information about the firm is available at www.jpmorganchase.com.

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