Issue of Equity

Jardine Matheson Hldgs Ld
04 March 2004


JARDINE MATHESON HOLDINGS LIMITED ('JMH')

GRANT OF SHARE OPTIONS

On 4th March 2004, JMH has allotted a total of 550,000 new ordinary shares at an
option price of US$9.84 per share pursuant to the International Share Option
Plan (1995) of JMH's 1995 Senior Executive Share Incentive Scheme.

The shares will be registered in the name of the Scheme Trustee, Clare
Investment and Trustee Company Limited.

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

4th March 2004

www.jardines.com

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