Dividend

Jardine Matheson Hldgs Ld
26 September 2003


JARDINE MATHESON HOLDINGS LIMITED

2003 INTERIM DIVIDEND

Please be advised of the following in respect of the scrip election for the 2003
interim dividend of the above Company:


Interim Dividend Per   Market value of the shares for calculating the     Scrip Entitlement Multiple (2)
        Share                       Scrip Entitlement (1)
                                         (per share)

    US cents 7.80                          US$7.02                                      90


Note:

(1) Average closing prices of the Company's shares on the Singapore Exchange
Securities Trading Limited for the five trading days up to and including 25th
September 2003.

(2) Based on the interim dividend per share.



Neil M McNamara, Jardine Matheson Limited
For and on behalf of Jardine Matheson Holdings Limited

26th September 2003

www.jardines.com


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