Bear Stearns Cos.Inc

Early Repurchase

Early Repurchase

Bank of New York Mellon

Please be advised the following issue has been repurchased for EUR 2,000,000 on 11/2/2011

Issue: JPMorgan XS0242016359 - Series: 1399 - ISIN: XS0242016359 - Maturity Date: 13/03/2014

- O/S Nominal: EUR 66,450,000

The outstanding balance will therefore be EUR 64,450,000

Please amend your records accordingly.