Management Change

Jardine Matheson Hldgs Ld
14 December 2004


                      Management Change at Jardine Matheson

14th December 2004 - Jardine Matheson Holdings Limited today announced that
Norman Lyle will retire as Group Finance Director on 31st March 2005. James
Riley will become Chief Financial Officer for Jardine Matheson and finance
director of Jardine Matheson Limited, the Group management company, on 1st April
2005.

James Riley first joined the Jardine Matheson Group in 1993 and, after an
initial period in the Group Head Office, he moved to Jardine Cycle & Carriage in
Singapore where he became finance director. He returned to Hong Kong in 1999 to
be finance director of Jardine Pacific, before joining the board of Jardine
Matheson Limited in 2001 with prime responsibility for the businesses grouped
under Jardine Pacific.

Jardine Matheson Managing Director, Percy Weatherall, said, 'Norman Lyle has
made a significant contribution to the Group since joining in 1997, for which we
are grateful, and we wish him well in his retirement. I would also like to
congratulate James on his new appointment.'

With its broad portfolio of market-leading businesses, the Jardine Matheson
Group is an Asian-based conglomerate with extensive experience in the region.
Its business interests include Jardine Pacific, Jardine Motors Group, Hongkong
Land, Dairy Farm, Mandarin Oriental, Jardine Cycle & Carriage and Jardine Lloyd
Thompson. These companies are leaders in the fields of engineering and
construction, transport services, motor trading, property, retailing,
restaurants, hotels and insurance broking.

                                    - end -


For further information, please contact:

Jardine Matheson Limited
Neil M McNamara                                                  (852) 2843 8227

Matheson & Co Limited                                        
Martin Henderson                                               (44) 20 7816 8135

Golin/Harris Forrest
Kennes Young                                                     (852) 2501 7987

Weber Shandwick Square Mile
Richard Hews/Helen Thomas                                      (44) 20 7067 0700

This and other Group announcements can be assessed through the Internet at
'www.jardines.com'.





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