Holding(s) in Company

Jardine Matheson Hldgs Ld
16 October 2002

JARDINE MATHESON HOLDINGS LIMITED ('JMH')

DISCLOSURE OF INTERESTS - SUBSTANTIAL SHAREHOLDERS

On 16th October 2002, the following substantial shareholders' interests in JMH changed as a result of the
dilution of interests upon issue of shares by JMH in connection with its scrip dividend scheme:-

(i)   Jardine Strategic Holdings Limited ('JSH')


      JSH's interest in JMH decreased from 52.09% to 51.997%.  JSH's interest is made up as
      follows:-


      JSH Discloseable Interest                               No. of shares                       %


      JSH                                                        212,214,132                 33.761
      Jardine Securities Limited                                 100,460,881                 15.982
      Clare Investment and Trustee Company Limited                13,997,559                  2.227
      Other non-beneficial interests*                                170,355                  0.027

      Total Holding                                              326,842,927                 51.997

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

(ii)  Jardine Securities Limited ('JSL')

      The interest of JSL, a wholly-owned subsidiary of JSH, in JMH decreased from 16.01% to
      15.98%.




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

16th October 2002

www.jardines.com


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