Acquisition Declared Unconditional

CARBON ACQUISITION COMPANY LTD TO

                   ACQUIRE ECOSECURITIES GROUP PLC

 Transaction represents J.P. Morgan's continued investment in carbon
                               markets

London, 2 November, 2009 - Carbon Acquisition Company Ltd's, a
wholly-owned indirect subsidiary of J.P. Morgan (NYSE: JPM) £1.05 a
share offer to acquire EcoSecurities Group Plc (EcoSecurities) (LSE:
ECO), a leading company in the business of sourcing, developing and
trading emission reduction credits, has become wholly unconditional.

Carbon Acquisition Company expects to complete the acquisition of
EcoSecurities during December 2009. As of Friday, October 30, the
level of acceptances of its offer to acquire the share capital of
EcoSecurities, taken together with holdings of and purchases made by
Carbon Acquisition Company concert parties, represents in excess of
80% of  EcoSecurities' share capital.

Upon completion of the transaction, it is expected that EcoSecurities
will operate as an independent enterprise and its market-leading
brand will be retained.

Blythe Masters, Head of Global Commodities at J.P. Morgan, said: "We
are delighted to announce J.P. Morgan's acquisition of EcoSecurities.
Our goal is to ensure that EcoSecurities maintains its leadership
position in the global carbon markets and continues to offer
world-class services to its clients."

Bruce Usher, Chief Executive Officer (CEO) of EcoSecurities, said:
"We look forward to being a part of J.P. Morgan and to further
enhancing our position as a leader in the compliance and voluntary
carbon markets."

As announced last February, Usher will step down as CEO of
EcoSecurities after a new CEO is appointed. He will remain a member
of the EcoSecurities Board of Directors for a transition period.

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Media Contacts:


J.P. Morgan:     Sarah    +44 20    [e-mail]
Oppler                    7325 3644
EcoSecurities:   Rachel   +44 1865  [e-mail]
Mountain                  296 922




About J.P. Morgan
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial
services firm with assets of $2.0 trillion and operations in more
than 60 countries. The firm is a leader in investment banking,
financial services for consumers, small business and 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, Chase,
and WaMu brands. Information about JPMorgan Chase & Co. is available
at www.jpmorganchase.com

About EcoSecurities
EcoSecurities is a world leading company in the business of sourcing,
developing and trading carbon  credits. EcoSecurities structures  and
guides greenhouse gas emission reduction projects through the project
cycle, working  with both  project developers  and buyers  of  carbon
credits.
EcoSecurities has experience with projects in the areas of  renewable
energy, agriculture and urban waste management, industrial efficiency
and forestry. With a network  of offices and representatives in  over
25 countries on five continents, EcoSecurities has amassed one of the
industry's  largest  and  most   diversified  portfolios  of   carbon
projects.     Additional     information     is     available      at
www.ecosecurities.com.

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