Scrip dividend election

Jardine Matheson Hldgs Ld
28 September 2001


JARDINE MATHESON HOLDINGS LIMITED
2001 INTERIM DIVIDEND

Please be advised of the following in respect of the scrip election for the
2001 interim dividend of the above Company:

   Interim        Market value of the shares for    Scrip Entitlement Multiple
   Dividend                calculating                          (2)
  per share         the Scrip Entitlement (1)
                           (per share)

US cents 7.80                US$5.71                         73.20513


Note:

(1) Average closing prices of the Company's shares on the Singapore Exchange
Securities Trading Limited for the five trading days up to and including 27
September 2001.

(2) Based on the interim dividend per share.

L E L A RICHARD, Matheson & Co., Limited,
London Secretaries of Jardine Matheson Holdings Limited

28 SEPTEMBER 2001