Share repurchase etc

Jardine Matheson Hldgs Ld
23 September 2004

JARDINE MATHESON HOLDINGS LIMITED ('JMH')


1.   SHARE REPURCHASE

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

     Date of repurchase:                            23rd September 2004
     Total number of shares repurchased:            7,217,200 shares
     Highest price paid per share:                  US$14.20
     Lowest price paid per share:                   US$13.80

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



2.   DISCLOSURE OF INTERESTS - SUBSTANTIAL SHAREHOLDERS


Following the above market repurchase by JMH of its ordinary shares and the
completion of the cancellation in due course by JMH of the relevant repurchased
shares, the following substantial shareholders' interests in JMH will change:-

(i)   Jardine Strategic Holdings Limited (JSH')

JSH's interest in JMH will increase from 52.63% to 53.25%.  JSH's interest is
made up as follows:-

JSH Discloseable Interest                                No. of shares                             %

JSH                                                           212,214,132                      35.54
Jardine Securities (BVI) Limited                              100,460,881                      16.83
Clare Investment and Trustee Company Limited                    5,101,724                       0.85
Other non-beneficial interests*                                   170,355                       0.03

Total Holding                                                 317,947,092                      53.25


* Deemed interest in shares held by certain non-profit-making organizations, the
trustees or nominees of which are associate companies of JSH.

(ii)   1947 Trust

The interest of the 1947 Trust in JMH will increase from 5.94% to 6.02%.




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

23rd September 2004

www.jardines.com


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