Agreement - DaimlerChrysler

Jardine Matheson Hldgs Ld
13 July 2000

Agreement Reached with DaimlerChrysler regarding Distribution
and  Exclusive  Dealership Arrangements for Mercedes-Benz in
Hong Kong and Macau

The  following  press  release was  issued  today  by  the
Company's 75%-held subsidiary, Jardine International Motor
Holdings Limited.


For further information, please contact:

Forrest International Limited
Sue Gourlay                              (852) 2501 7936



Agreement Reached with DaimlerChrylser regarding Distribution 
and Exclusive Dealership Arrangements for Mercedes-Benz in 
Hong Kong and Macau.

Hong  Kong,  13th  July  2000 -- Jardine  International  Motor
Holdings  Limited  today  announced  that  it  has  signed   a
memorandum of understanding with DaimlerChrysler AG  ('DCAG'),
the  manufacturer and master franchise holder of Mercedes-Benz
vehicles worldwide, in respect of the distribution and sale of
Mercedes-Benz   products  in  Hong  Kong   and   Macau.    The
discussions  on  the  arrangements  were  first  announced  by
Jardine International Motors in September 1999.  The terms  of
the new arrangements are summarised below.

From  1st  July  2002, DCAG's subsidiary, Mercedes-Benz  China
Ltd.,  will  manage the wholesale activities of the  Mercedes-
Benz  operations in Hong Kong and Macau, which  will  comprise
principally of importing and other wholesale functions.   Zung
Fu  Company Limited ('Zung Fu'), a wholly-owned subsidiary  of
Jardine  International Motors and the existing distributor  of
Mercedes-Benz  vehicles in Hong Kong and Macau, will  continue
as  Mercedes-Benz China Ltd.'s exclusive dealer.  Zung Fu will
manage  the retail sales and after-sales aspects of  Mercedes-
Benz operations and will continue with its existing sales  and
service network.

The  arrangements are in line with DCAG's strategy to  have  a
greater  involvement  with the distribution  of  Mercedes-Benz
products in the region.

Commenting  on  the  new  arrangements  Jardine  International
Motors'  Chairman, Anthony Nightingale, said, 'We are  pleased
to  have  reached agreement with DaimlerChrysler.   While  the
changes  will have a significant adverse impact on the  future
profitability of the Group, they do enable Zung Fu to maintain
its  long-term relationship with DaimlerChrysler and the  sale
of Mercedes-Benz in Hong Kong.'

Mr  Karlheinz Michel, President of Mercedes-Benz  China  Ltd.,
said, 'We look forward to continuing to work closely with Zung
Fu whose performance has been key in developing and sustaining
this important market for Mercedes Benz.'

The  new  arrangements will have an initial effective term  of
three  and  a  half  years  from  1st  July 2002,   thereafter
the arrangements will continue subject to two-years' notice of
termination  by  either party.  This compares to  the  current
rolling  two-year  notice period applicable  to  the  existing
distribution arrangements.  Definitive agreements are expected
to be finalised and signed by November 2000.

Jardine  International Motor Holdings Limited is  a  publicly-
listed  motor  trading  business within the  Jardine  Matheson
group.   The  Company  has  an  international  dealership  and
distribution  network  with businesses located  in  Asia,  the
United Kingdom, Continental Europe and the United States.  Its
principal focus is on the sales and service of premium quality
motor  vehicles, with a particular emphasis on  Mercedes-Benz.
In  1999, the Group's businesses achieved consolidated revenue
in  excess  of  US$2.8 billion and, including  associates  and
joint ventures, employed more than 11,500 people.


Issued  by Forrest International Limited on behalf of  Jardine
International   Motors   Management  Limited.    

For further information, please contact:

Jardine International Motors
Y K Pang                                       (852) 2895 7242

Forrest International Limited
Sue Gourlay                                    (852) 2501 7936

Matheson & Co., Ltd                           
Martin Henderson                               (44) 207 816 8135

Ludgate Communications            
Richard Hews                                   (44) 207 253 2252

This  and other Company announcements can be accessed through
the Internet at 'www.irasia.com/listco/hk/jim'.