Directorate Change

Jardine Matheson Hldgs Ld
31 December 2002


Board Changes at Jardine Matheson


Jardine Matheson Holdings Limited today announced that Mr George Ho is retiring
from the Board at the year end.  Mr Ho has served as a non-executive director of
the Group's holding company since 1981.


Mr Henry Keswick, Chairman of Jardine Matheson Holdings, said, 'We are extremely
grateful to George Ho for his extensive contribution to Jardines over many
years.  We are pleased that he will continue on the board of Group company
Hongkong Land Holdings.'


It was further announced that Mr Jenkin Hui is joining the Board of Jardine
Matheson Holdings Limited as a non-executive director with effect from 1st
January 2003.  Mr Hui is a director of Central Development Ltd and a number of
property and investment companies in Hong Kong.  He is also a director of
Jardine Strategic Holdings and Hongkong Land Holdings.


With its broad portfolio of leading businesses, the Jardine Matheson Group is a
unique Asian-based conglomerate with unsurpassed experience in the region.  Its
business interests include Jardine Pacific, Jardine Motors Group, Hongkong Land,
Mandarin Oriental, Dairy Farm, Cycle & Carriage and Jardine Lloyd Thompson.
These operations, which employ some 130,000 people, are leaders in the fields of
engineering and construction, consumer marketing, motor trading, property,
hotels, supermarkets and insurance broking.


                                    - end -


For further information, please contact:


Jardine Matheson Limited
Neil M McNamara                                                  (852) 2843 8227


Golin/Harris Forrest
Katherine Wang                                                   (852) 2501 7984


Matheson & Co. Limited
Martin Henderson                                               (44) 20 7816 8135


Weber Shandwick Square Mile
Christian San Jose                                             (44) 20 7067 0700


This and other Group announcements can be assessed through the Internet at
www.jardines.com.

                      This information is provided by RNS
            The company news service from the London Stock Exchange