CO

NFI

DEN

TIA

L

JP Morgan Chase Globalization Discussion

2CO

NFI

DEN

TIA

L

India and Philippines Employees to Reach ~40K by YE 2012 (Assuming Only 20% CAGR)

India and Philippines Employee Headcount Projected Through 2012

5,100 7,500 9,300 10,80015,300

270800

1,6002,900

8,000

28,00033,600

40,300

Dec '05 Dec '06 Dec '07 Dec '08 Dec '09 {Proj.} Dec '10 {Proj.} Dec '11 {Proj.} Dec '12 {Proj.}

India Philippines Combined

37% CAGR

70% AGR

20% CAGR

3CO

NFI

DEN

TIA

L

Current Global Supply Network (28,150 FTE/FTC in 2008 and 35,000 FTE/FTC in 2010)

Philippines (8,120 FTE/FTC)India (18,280 FTE/FTC)

Contractors

Global Solutions & Air Traffic Control

Latin America (1,750 FTC)

Employees

'08 '09 '10

AM 710 800 860

Card 2,220 2,650 2,650

Corp. Sector 2,580 2,880 3,020

IB 2,380 2,680 2,960

T&SS 3,260 4,440 4,630

Total 11,170 13,470 14,140

J PMC 4,660 4,530 4,460

WaMu 2,450 2,450 2,450

Total 7,110 6,980 6,910

'08 '09 '10

J PMC 910 1,080 1,100

WaMu 840 840 840

Total 1,750 1,920 1,940

Employees

Contractors

Contractors

'08 '09 '10Card 1,310 2,330 2,750 Corp. Sector 10 10 80 RFS 1,490 3,380 3,380 T&SS 70 690 1,090 Total 2,880 6,410 7,300

J PMC 2,000 1,500 1,500 WaMu 3,240 3,240 3,240

Total 5,240 4,740 4,740