JPMorgan Chase Declares Common Stock Dividend

New York, May 20, 2014 - The Board of Directors of JPMorgan Chase & Co. (NYSE:JPM) ("JPMorgan Chase" or the "Firm") today declared a quarterly dividend of 40 cents per share on the outstanding shares of JPMorgan Chase's common stock. The dividend is payable on July 31, 2014, to stockholders of record at the close of business on July 3, 2014.

This dividend declaration will result in an adjustment to the Exercise Price of the outstanding warrants to purchase shares of JPMorgan Chase's common stock. The exact adjustment will be determined on June 30, 2014, or three business days prior to the July 3, 2014 record date, in accordance with the terms of the warrants. The Firm will announce the adjusted Exercise Price of the warrants on July 1, 2014. 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."

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm and one of the largest banking institutions in the United States of America (U.S.), with operations worldwide; the Firm has $2.5 trillion in assets and $219.7 billion in stockholders' equity. The Firm is a leader in investment banking, financial services for consumers and 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 U.S. and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about J.P. Morgan's capabilities can be found at jpmorgan.com and about Chase's capabilities at chase.com. Information about the Firm is available at www.jpmorganchase.com.