Share Repurchase etc

Jardine Matheson Hldgs Ld
14 December 2001

JARDINE MATHESON HOLDINGS LIMITED ('JMH')

1. SHARE REPURCHASE

Please be advised of the following repurchase by JMH of its ordinary shares in
the market:-
Date of repurchase:                                  14th December 2001
Total number of shares repurchased:                  55,600 shares
Price paid per share:                                US$5.75


The repurchase of shares is made in accordance with the listing rules of the
UK Listing Authority.

2. SUBSTANTIAL SHAREHOLDER

Following the repurchase by JMH of its ordinary shares in the market and the
completion of the cancellation in due course by JMH of the relevant
repurchased shares, the interest of Jardine Securities Limited ('JSL'), a
wholly-owned subsidiary of Jardine Strategic Holdings Limited ('JSH'), in JMH
will increase from 15.999% to 16.00%.

JSH's interest is made up as follows:-
                                                     No of shares         %
JSH                                                   212,214,132         33.80
Jardine Securities Limited                            100,460,881         16.00
Clare Investment and Trustee Company Limited           14,219,559          2.26
Total JSH Holding                                     326,894,572         52.07


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

14th December 2001

www.jardines.com