From: Sent: To: Subject:

xxxxxxxx Wednesday, July 03, 2013 00:01 AM xxxxxxxx New Global Corporate and Investment Bank Personal Account Dealing Policy

From: CIB Compliance Bulletins [mailto:xxxx@xxxx.com] Sent: Friday, June 28, 2013 Subject: New Global Corporate and Investment Bank Personal Account Dealing Policy

Compliance Bulletin 2013:48 June 28, 2013 To: Subject: Treasury Services, North America New Global Corporate and Investment Bank Personal Account Dealing Policy

As part of the Corporate and Investment Bank merger, you will be subject to the Personal Account Dealing Policy for the Global Corporate & Investment Bank (the Policy) on September 3, 2013. As of this date, all employees of the Corporate and Investment Bank will all be subject to the same Policy. The Policy helps prevent and minimize actual or perceived conflicts of interest that may arise from your personal investments. Firm Designated Broker Prior to September 3, 2013, all of your employee and employee associated accounts must be held at a Designated Broker of the Firm. Employee Associated Accounts include accounts established, maintained or controlled by you or by your spouse, domestic partner, minor children, or any other person to whom you provide significant financial support. On September 3, 2013 the Personal Account Dealing Group will contact you to disclose and affirm that your accounts are at a Designated Broker and that you understand and are in compliance with the Policy. Pre-Clearance As of September 3, 2013 you must preclear most exchange traded products, including publicly and privately held securities (including sales of JPM through Computershare). In general, you must hold your investment positions for at least 30 calendar days. To preclear, call the Personal Account Dealing Hotline at 800-301-8003. You may be held to stricter guidelines than those outlined above, and you should review your regional or line of business supplements for further guidance. For more information see Personal Account Dealing Policy - Global, Personal Account Dealing Policy and Procedure- U.S. Supplement, Personal Account Dealing Policy Canadian Employee Supplement or the Personal Account Dealing Policy US Supplement Frequently Asked Questions.

Questions? Please contact your Compliance Officer or the Personal Account Dealing Hotline at 800301-8003. You are encouraged to raise concerns about the conduct of any individual employed by or doing business with the Firm, or about the Firms business or accounting practices, with your Code of Conduct Specialist or Legal or Compliance Officer, as appropriate. You must report any known or suspected violation of the Code of Conduct, Firm policy, or any law or regulation applicable to the Firms business. You can make a report by contacting the Firms Code Reporting Hotline at 855-JPMCODE (855-576-2633), by e-mail at xxxx@xxxx.com or online at xxxx.com/xxxx. From outside the U.S. or Canada, you may first need to dial an access number. The independent third party Hotline provides a live operator and translation services. Your report to the Hotline can be anonymous if you prefer. Reports and concerns can also be raised through the channels listed in Section 1.5 of the Code of Conduct. The Firm will respect the confidentiality of those who make reports or raise concerns, subject to its obligation to investigate and to notify third parties, such as regulators. Remember that JPMorgan Chase prohibits retaliation for reporting violations in good faith. June 28, 2013 Message sent to Treasury Services, North America JPMC INTERNAL USE ONLY