Putnam has promoted Jenny Morton to head its global consultant relations. She will be based in London and oversee Putnam's consultant relations on a worldwide basis. She reports to William T. Connolly, senior managing director and global head of distribution. Consultants remain a primary investment-only distribution channel for the foundation, endowment and pension markets.

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Company Press Release

PUTNAM APPOINTS 17-YEAR VETERAN TO HEAD GLOBAL CONSULTANT BUSINESS

BOSTON, Mass., February 19, 2008 — Putnam Investments has named Jenny S. Morton to head of global consultant relations, reporting to William T. Connolly, Putnam senior managing director and head of Global Distribution.

Based in London, Ms. Morton will oversee and coordinate Putnam’ consultant relations activities worldwide.

“Jenny has a distinguished record for her work with consultants in the institutional marketplace,” said Mr. Connolly. “We are so committed to our relationships with this critical group that we have established Jenny’s new position on the senior team for global distribution where she can have a strong impact.”

Ms. Morton, who has 17 years of consultant relations experience, joined Putnam in 2005 as director of consultant relations for Europe, the Middle East, Africa, and Asia Pacific. Before joining Putnam, Ms. Morton was head of global consultant relations at Fidelity Investments from 2000 to 2005.

Prior to that, she had been head of consultant relations for Boston Partners Asset Management, and head of consultant relations at The Boston Company. Ms. Morton has a B.S. from the University of Michigan and is a CFA charterholder.

About Putnam

Founded in 1937, Putnam Investments is one of the nation's oldest and largest money management firms. As of December 31, 2007, Putnam managed $186 billion in assets, of which $112 billion is for mutual fund investors and $74 billion is for institutional accounts. Putnam has offices in Boston, London and Tokyo. For more information, go to www.putnam.com 

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