Transaction in Own Shares

Jardine Matheson Hldgs Ld
31 December 2003


JARDINE MATHESON HOLDINGS LIMITED ('JMH')

REPURCHASE AND CANCELLATION OF SHARES


Please be advised of the following repurchase by JMH of its own shares from
Clare Investment and Trustee Company Limited ('Clare'), the subsidiary and
trustee of the Senior Executive Share Incentive Schemes of JMH, effective on
31st December 2003:-


Date of repurchase:                             31st December 2003
Total number of shares repurchased:             5,531,835 ordinary shares
Highest price paid per share:                   US$10.07
Lowest price paid per share:                    US$1.21


The shares being repurchased and cancelled relate to share options issued
pursuant to JMH's Senior Executive Share Incentive Schemes which have ceased to
be exercisable under the terms of the relevant Trust Deeds of the said Schemes. 
The repurchase was carried out in accordance with the terms of the relevant
Trust Deeds of the said Schemes as approved by the shareholders of JMH.




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

31st December 2003

www.jardines.com


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