JPMORGAN CHASE ANNOUNCES CAPITAL PLAN

(The following is a reformatted version of a press release
issued by JPMorgan Chase & Co and received via electronic mail.
The release was confirmed by the sender.) 
JPMorgan Chase Announces Capital Plan 
•     $6 Billion Equity Repurchase
•     $0.38 Quarterly Per Share Common Stock Dividend Effective 
Second Quarter 
New York, March 14, 2013 - Following the Federal Reserve Board’s
release of 2013 CCAR results, JPMorgan Chase & Co. (NYSE: JPM)
today announced that: 
•     The Firm is authorized to repurchase an additional $6
billion of common equity between April 1, 2013 and March 31,
2014. 
•     The Board of Directors intends to declare the first quarter
common stock dividend of $0.30 per share. 
•     The Board of Directors intends to increase the Firm’s
quarterly common stock dividend to $0.38 per share, effective
second quarter of 2013. 
The Federal Reserve Board informed the Firm today that it does
not object to the Firm’s proposed 2013 capital distribution
plan.  The Federal Reserve Board also asked that the Firm submit
an additional capital plan by the end of the third quarter
addressing the weaknesses identified in the Firm’s capital
planning processes.  Following their review, the Federal Reserve
Board may require the Firm to modify its capital distributions. 
Jamie Dimon, Chairman and CEO of JPMorgan Chase said:  “We are
pleased to announce that our Board intends to increase our
dividend in the second quarter, returning it to its highest
level, and to continue our equity buyback program.  We
anticipate reaching a Basel III Tier I common ratio of 9.5% by
the end of this year after these capital actions and with the
ongoing growth in our businesses.” 
Mr. Dimon added:  “JPMorgan Chase is fully committed to meeting
all of the Fed’s requirements.” 
The Firm’s 2013 dividends will be subject to the Board’s
approval at the customary times those dividends are declared.
The Board intends to declare the first quarter common stock
dividend of $0.30 per share on March 19, 2013.  The second
quarter dividend, which the Board intends to increase to $0.38
per share, would be for shareholders of record on July 5,
payable on July 31, 2013. 
Repurchases of equity will be pursuant to the common equity
repurchase program previously authorized by the Firm’s Board of
Directors on March 13, 2012. The timing and exact amount of
common stock and warrants purchased will be consistent with the
Firm’s capital plan and will depend on various factors,
including market conditions, the Firm’s capital position,
internal capital generation, and organic investment
opportunities.  The Firm’s repurchase program does not include
specific price targets, may be executed through open market
purchases or privately negotiated transactions, including the
use of Rule 10b5-1 programs, and may be suspended at any time. 
Further information is available on the Firm’s website at
www.jpmorganchase.com under Investor Relations, Investor
Presentations. 
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial
services firm with assets of $2.4 trillion and operations
worldwide. The firm is a leader in investment banking, financial
services for consumers, small businesses, commercial banking,
financial transaction processing, asset management and private
equity. A component of the Dow Jones Industrial Average,
JPMorgan Chase & Co. serves millions of consumers in the United
States and many of the world’s most prominent corporate,
institutional and government clients under its J.P. Morgan and
Chase brands. Information about JPMorgan Chase & Co. is
available at www.jpmorganchase.com. 
(bjh) NY 
#<873920.660640.3.4.1.0.76>#
 
 
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