Share Repurchase etc

Jardine Matheson Hldgs Ld
12 December 2001


JARDINE MATHESON HOLDINGS LIMITED ('JMH')


1. SHARE REPURCHASE

Please be advised of the following repurchase by JMH of its ordinary shares in
the market:-

Date of repurchase:                                    12 December 2001
Total number of shares repurchased:                    1,162,000 shares
Price paid per share:                                  US$5.85

The repurchase of shares is made in accordance with the listing rules of the
UK Listing Authority.


2. SUBSTANTIAL SHAREHOLDER

Following the repurchase by JMH of its ordinary shares in the market and the
completion of the cancellation in due course by JMH of the relevant
repurchased shares, the interest of Jardine Strategic Holdings Limited ('JSH')
in JMH will increase from 51.965% to 52.061%. JSH's interest is made up as
follows:-

                                                 No. of shares           %

JSH                                                  212,214,132         33.797
Jardine Securities Limited                           100,460,881         15.999
Clare Investment and Trustee Company Limited          14,219,559          2.265
Total Holding                                        326,894,572         52.061


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


12 DECEMBER 2001

www.jardines.com