JP Morgan Chase Reports Adjustment to Warrant Exercise Price: Reduced to $42.377/Share

JPMorgan Chase & Co.

(“JPMorgan Chase” or the “Firm”) announced today that in accordance with the terms of the outstanding warrants to purchase common stock of JPMorgan Chase

, the warrant Exercise Price will be reduced to $42.377 per share from $42.391 per share, effective as of the close of business on January 6, 2015. This adjustment resulted from the declaration by the Board of Directors of JPMorgan Chase on December 9, 2014 of a quarterly dividend of $0.40 per share on the outstanding shares of the Firm's common stock. The dividend is payable on January 31, 2015, to stockholders of record at the close of business on January 6, 2015. This dividend declaration did not result in a change in the Warrant Share Number. Further information regarding the warrants and adjustments to the warrant Exercise Price and the Warrant Share Number is available on the Firm's website at jpmorganchase.com, under the heading Investor Relations, Shareholder Information: “Warrant Information.”