Re ADR Facility

Jardine Matheson Hldgs Ld
13 April 2004


To: Business Editor                                        For immediate release

Termination of American Depositary Receipt Facility

13th April 2004 - Jardine Matheson Holdings Limited today announced that it has
given notice to The Bank of New York (the 'Depositary') to terminate the
Company's American Depositary Receipt ('ADR') facility. It is expected that the
facility will terminate with effect from the close of trading on 28th May 2004
(the 'Termination Date').

The Depositary will issue termination notices to ADR holders at least one month
prior to Termination Date. Under the termination provisions set out in the
Deposit Agreement with the Depositary, holders of the Company's ADRs are
entitled to return their ADRs at any time after receipt of the notice of
termination from the Depositary and during the 12 month period following the
Termination Date. ADRs submitted during that period will be exchanged for the
number of the Company's ordinary shares represented by such ADRs. Each ADR
represents one ordinary share.

Any ADRs outstanding after the Termination Date may not be transferred nor
receive any further distributions of dividends, and the Depositary shall not
give out any further notices or perform any further acts under the Deposit
Agreement. The Depositary will, however, retain and hold any dividends or other
distributions for the benefit of the ADR holders and deliver such dividends or
other distributions to the ADR holders upon surrender of the ADRs in exchange
for the underlying entitlement to ordinary shares. Under the terms of the
Deposit Agreement, any ordinary shares held by the Depositary on the date 12
months after the Termination Date (expected to be 28th May 2005) will be sold
and the funds retained for the benefit of the holders of the respective ADRs.

For the avoidance of doubt, the final dividend in respect of 2003, payable to
registered shareholders on 12th May 2004, will be paid to ADR holders prior to
the Termination Date becoming effective.

Holders of ADRs should contact The Bank of New York at [phone] for
further information.

Jardine Matheson has its primary share listing in London, with secondary
listings in Singapore and Bermuda.

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
Katherine Wang                                                   (852) 2501 7984

Weber Shandwick Square Mile
Richard Hews, Katie Hunt, Helen Thomas                         (44) 20 7067 0700

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





                      This information is provided by RNS
            The company news service from the London Stock Exchange