Holding(s) in Company

Jardine Matheson Hldgs Ld
03 February 2004

JARDINE MATHESON HOLDINGS LIMITED ('JMH')
DISCLOSURE OF INTERESTS - SUBSTANTIAL SHAREHOLDER

On 3rd February 2004, JMH received notification from Credit Agricole Lazard
Financial Products Bank ('CAL FP Bank') that as at 29th January 2004 its
interest in the ordinary shares of JMH (the 'Shares') which it beneficially
owned had fallen below the 3% notifiable level.  CAL FP Bank had ceased to have
a notifiable interest in the Shares.

Accordingly the following entities who had deemed interests in the Shares
beneficially owned by CAL FP Bank had also ceased to have notifiable interests
in the Shares: Credit Agricole Lazard Financial Products Limited, Caisse
Nationale de Credit Agricole, Three Houses Investment Company Limited, Lazard
Bank Limited, Lazard Freres and Lazard Freres & Co. LLC.


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

3rd February 2004

www.jardines.com



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