From: US GIO To: Undisclosed recipients:; Subject: Reminder: JPMorgan Webcast with Michael Cembalest and Arminio Fraga: Monday, October 22 at 11:00am Eastern Time Date: Thu, 18 Oct 2012 21:09:37 +0000 Inline-Images: image001.png; image002.png; image003.png We are pleased to invite you to a special webcast, "investing in the era of central bank stimulus through the lens of a macro investor: Clear skies ahead?"on Monday, October 22 at 11.00 a.m. Eastern Time. The discussion promises to be timely and informative, focusing on an analysis of the current environment, plus a look at the compelling opportunities we see across the world. The invitation below contains full details of the event. You are invited to participate in a special webcast Investing in the era of central bank stimulus through the lens of a macro investor: Clear skies ahead? Monday, October 22. 2012 at 11:00 •. Eastern Time Featuring Arminio Fraga, Chief Investment Officer, Gavea Investimentos Michael Cembalest, Chairman of Markets and Investment Strategy, Morgan Asset Management The webcast will explore the following topics facing investors today: r r ere are a mos compe ing oppo unt ies in a wo • o ow g o•al growth and extraordinary central bank stimulus? • What are the short and long-term prospects for the dollar given coming elections and fiscal challenges? • Is Europe investable, and if so, what are the best ways to invest? • Which emerging markets offer the best relative value today? VIEW SLIDES AND HEAR THE AUDIO ON YOUR COMPUTER To register for the webcast and to access the presentation during the call, please use this Li__ LISTEN ONLY Toll-free: 1.877.546.1574 International Toll: 1.210.839.8506 Passcode: STIMULUS LISTEN TO THE REPLAY A replay will be available October 23 — November 22 Toll-free: 1.888.296.6948 International Toll: 1.203.369.3028 Passcode: 102212 To access the presentation following the call, please use this IMPORTANT INFORMATION EFTA00632260

II is not permissible to forward this information to anyone else. The information contained on the call is not intended as a solicitation for any product or service offered by Mor an or any of its affiliates. The views and strategies discussed may not bo suitable for all investors. In the U.S.. Securities are offered b Morgan Securities LLC member FINRA. NYSE. and SIPC. Morgan Securities LLC. is an affiliate of JPMorgan Chase Bank. M. Morgan Private Bank' is a marketing name for private banking business conducted by Morgan Chase & Co. and its subsidiaries worldwide. Investment • oducts. Not FDIC insured This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at http://wwwjpmorgan.corn/pages/disclosures/email. EFTA00632261