Directors' Dealings

Jardine Matheson Hldgs Ld
20 December 1999

                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

JARDINE MATHESON HOLDINGS LIMITED

2)  NAME OF DIRECTOR

SIMON KESWICK

3)  Please state whether notification indicates that it is in respect of
    holding of the Director named in 2 above or holding of that person's
    spouse or children under the age of 18 or in respect of a non-beneficial
    interest

IN RESPECT OF DIRECTOR NAMED ABOVE - BENEFICIAL INTEREST

4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)

BATH STREET NOMINEES LTD

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

NO

6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

REDUCTION IN BENEFICIAL INTEREST IN SHARES HELD BY A FAMILY TRUST RESULTING FROM
THE APPOINTMENT OF THE RELEVANT SHARES IN JARDINE MATHESON HOLDINGS LIMITED TO
SIMON KESWICK'S TWO ADULT CHILDREN.

7)  Number of shares/amount of
    stock acquired

NIL

8)   (N/A % )
    of issued Class

9)  Number of shares/amount
    of stock disposed

1,161,762

10)  (0.14%)
   of issued Class

11) Class of security

ORDINARY SHARES OF US$0.25 EACH

12) Price per share

N/A

13) Date of transaction

17 DECEMBER 1999

14) Date company informed

20 DECEMBER 1999

15) Total holding following this notification

30,340,927 ORDINARY SHARES

16) Total percentage holding of issued class following this notification

3.76 PER CENT

     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant



18) Period during which or date on which exercisable



19) Total amount paid (if any) for grant of the option



20) Description of shares or debentures involved: class, number.



21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise



22) Total number of shares or debentures over which options held
    following this notification

NIL

23) Any additional information

THIS NOTIFICATION IS MADE ALSO ON BEHALF OF THE FOLLOWING COMPANIES:

JARDINE STRATEGIC HOLDINGS LIMITED
DAIRY FARM INTERNATIONAL HOLDINGS LIMITED
MANDARIN ORIENTAL INTERNATIONAL LIMITED

24) Name of contact and telephone number for queries

M S HENDERSON - 020 7816 8135

25) Name and signature of authorised company official responsible for
    making this notification

    Date of Notification.......20 DECEMBER 1999..........