EFTA00767173.pdf

Front: Rosa M da Silva To: 'fljimvaeationijrigmail.coM" -cjimvacationt@grnail.com> Subject: FW: WM Research on Global Banks' Exposure to UAE Date: Mon. 30 Nov 2009 15:53:32 +0000 Attachments: Eanks_dubai v2tlit l l.pdf From: Nick O'Donohoe Sent: Monday, November 30, 2009 10:01 AM To: les Staley Cc Rosa M da Silva Subject: FW: .11, M Research on Global Banks' Exposure to UAE Another one focusing on global banks exposure published on Friday. From: Kabir Caprihan, CFA tmailto: Sent: Monday, November 30, 2009 9:34 AM To: Nick O'Donohoe Subject: WPM Research on Global Banks' Exposure to UAE Nicholas We are forwarding along a recent report by our equity counterpart, Kian Abouhossein, who has written about global banks' exposure to Dubai. We hope you find it helpful. Regards, Kabir I certify that as of the views expressed In this research ems accurately reflect my personal views about any and all of the subject securities or issuers: and that no part of my compensation was. is. or hW be directly or incirectly related to the spectAc recommendations or views expressed herein. This email communication is for wilormaticoal purposes only. It is not intended as an offer or solicitation for the purchase or sale of any finance' instrument or as an official confirmation of any transaction. Opinions. estimates and assumptions expressed herein we made as of the date of Ms communication and are subject to change without notice. This emir communication has been prepared based upon oformabon. including market prices. data and other information. believed to be reliable. however. J.P. Morgan does n01 warrant its completeness or acosacy. Past performance is not indicative of future results. Before making an investment decision regarding any security or company referred In this email communication. you shoild refer to the most recent published research for the views and analysis of the analyst. including the investment thesis and valuation and risk. regarding such security or company. Additional oformabon is available upon request. For Important disclosures regarding the following securityges). please check below . • Cagazurdna, Confidenbality and Security Notice: This transmission may contain information that is privileged. confxlential. legally privileged. andlor exempt from disclosure under app cable law. If you are not the intended recipes. you are hereby nobfied that any disclosure. copying. distribution. or use ol the information contained herein (including any reliance thereon) is STRICTLY PROHIBITED.Although this transmission and any attachrnents are believed to be free of any virus or other defect that might affect any computer system into which a is received and opened. It is the respcnsblity of the recipient to ensure that it is virus free and no responsibility is accepted by JPMorgan Chase & Co.. As subearies and affiliates. as applicable. for any loss or damage arising in any way from its use. If you received this transmission in error. please immediately contact the sender and destroy the material n Its entirety. %tether in electronic or hard copy kernel EFTA00767173