JPMORGAN CHASE CLOSES ACQUISITION OF VASTERA

New York, 1 April 2005 - JPMorgan Chase Bank, N.A. (NYSE: JPM) today announced the closing of its acquisition of Vastera, Inc., a provider of global trade management solutions. The business will be known as JPMorgan Chase Vastera.

Under the Agreement and Plan of Merger, Vastera shareholders are receiving $3.00 for each outstanding share of Vastera common stock they own, for a total transaction value of approximately $129 million.

Vastera's solutions automate the required trade management processes associated with the physical movement of goods internationally. The acquisition will further provide JPMorgan Chase clients with a "one-stop shop" that addresses the increasing challenges and risks associated with moving goods across international borders. The JPMorgan Chase solution facilitates the seamless management of information and processes in support of physical goods movement and financial settlement of the
complete global trade process.

"Through the acquisition of Vastera, JPMorgan Chase becomes the first global financial institution to offer an integrated cash, trade and logistics solution that brings together the physical and financial supply chains," said Paul Simpson, Trade Services Executive, JPMorgan Chase. "Vastera brings with it over 400 companies around the world for which it documents imports and exports, determines correct licensing and classifications, ensures compliance and tax requirements, manages inventory and tracks payments ... everything to make the physical movement of goods easier and more efficient."

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