J.P.. Morgan Global CC: Initial Conclusions Post-EU Summit Global Discussion: Economic, Policy, Rates, Equities. Fri 12.00pm ET, 6/29 Please note that this conference call is our Euro Crisis Panel #4 call which was originally scheduled for Wed 6/27. There is no conference call on Wed 6/27. Instead, please join us on Fri 6/29 at 12noon ET. We are hosting a global conference call to discuss with investors our initial conclusions regarding the much-anticipated EU Summit. How effective is the expected proposal fore a fiscal and banking union? What impact should the growth compact have on EU GDP? What is the timeline and key dates over the next few quarters? Will this affect the risk-off attitude of clients? Hosted By: Thomas Lee, Chief U.S. Equity Strategist Also participating: Alex White, European Policy Strategist; Malcolm Barr, Senior European Economist; • Pavan Wadhwa, Global Head of Interest Rate Strategy, Nikolaos Panigirtzoglou, Global Market Strategist. North America Equity Research 26 June 2012 Portfolio Strategy Thomas J Lee, CPAAc J.P. Morgan Securities LLC hor J.P. Morgan Secunties LLC Economic and Policy Research Malcolm Barr JPMorgan Chase Bank N.A. London Branch Rates Strategy Pavan Wadhwa J.P. Morgan Secunues Ltd. Global Asset Allocation Nikolaos Pani irtzoglou Proposed Agenda: J.P. Morgan Securities Ltd. Alex White (European Policy Strategist): • Key ground covered by the Summit. Next key dates among leaders; • Why political leaders seem to be more worried about Spanish banks and German courts; • Challenges to changing ESM; Malcolm Barr (Senior European Economist): • Why a combination of a growth compact and a roadmap to a fiscal and banking union is a good first step; • What role the ECB has to play; • Sequencing of a banking and fiscal union and realistic timelines; • European Redemption Fund (ERF) and progress; • Potential for globally coordinated action by Central banks; Pagan Miadhwa (Global