<PAGE> 1
Exhibit 99.1
[JP MORGAN LOGO] [CHASE LOGO]
NEWS RELEASE
FOR IMMEDIATE RELEASE
Investor Contact: Media Contacts:
John Borden, 212-270-7318 Jon Diat, 212-270-5089
Joe Evangelisti,212-648-9589
CHASE AND J.P. MORGAN MERGE
CREATE PREEMINENT GLOBAL FINANCIAL SERVICES FIRM
NEW YORK, JANUARY 2 - The Chase Manhattan Corporation and J.P. Morgan &
Co. Incorporated today said that they have completed the merger of their holding
companies, effective December 31, 2000. The name of the new firm is J.P. Morgan
Chase & Co.
J.P. Morgan Chase is a premier global competitor with operations in over 60
countries. The firm has stockholders' equity of more than $39 billion, assets in
excess of $705 billion and a market capitalization of approximately $83 billion.
Headquartered in New York, J.P. Morgan Chase serves 32 million consumer
customers in the United States, over 5,000 corporate, institutional, and
government clients worldwide, and has over 90,000 employees globally. The
company's new web site address is www.jpmorganchase.com.
As a result of the merger, 3.7 shares of J.P. Morgan Chase common stock are to
be exchanged for each share of J.P. Morgan common stock. Chase, under its new
name - J.P. Morgan Chase & Co. - commences trading on the New York Stock
Exchange today under the ticker symbol "JPM."
# # # #
