Jardine Matheson Holdings Limited 2010 Preliminary Announcement of Results

Hamilton, Bermuda – 07 March, 2011 - Jardine Matheson Holdings Limited (the ‘Company’; Ticker: JMHBD.BH) released their preliminary announcement of results for the year ended 31 December, 2010. Sir Henry Keswick, Chairman, stated:

Highlights

• Underlying earnings per share* up 33%

• Full-year dividend up 28%

• Excellent results from across the Group’s operations

• Good economic growth in Greater China and Southeast Asia

• Significant increase in value of Hongkong Land’s property portfolio

Overview

The positive economic environment seen in Asia throughout 2010 underpinned strong performances from most of the Group’s businesses, enabling Jardine Matheson to produce a record result for the year. The contribution from Southeast Asia represented 56% of Jardine Matheson’s underlying profit for the year, compared with 41% from Greater China, largely due to outstanding results from Astra in Indonesia.

Performance

Jardine Matheson achieved an underlying profit in 2010 of US$1,364 million, an increase of 34%. Underlying earnings per share were 33% higher at US$3.80. The Group’s revenue for the year, including 100% of revenue from associates and joint ventures, was US$47 billion, compared with US$36 billion in 2009.

Cash flows also remained strong notwithstanding continued investment in the Group’s businesses. Net debt excluding financial services companies at the year end was US$2.3 billion, representing 7% of consolidated total equity.

The profit attributable to shareholders for the year was higher at US$3,084 million, with the main non-trading item being the significant increase in the value of Hongkong Land’s investment property portfolio. Shareholders’ funds were 28% higher at US$13.7 billion.

The Board is recommending a final dividend of US¢85.00 per share, an overall increase of 28% for the full year.

Business Developments

Interests held directly by Jardine Matheson                                                                                                                                               

Jardine Pacific’s earnings reflected both organic growth and expansion within its existing business portfolio. Developments during the year included an increased shareholding in air cargo terminal operator HACTL, significant new infrastructure contracts won by Gammon, the growth of its Restaurants group in Taiwan and Vietnam through acquisitions, and the year-end announcement by JOS of the purchase of an IT distribution business to enhance its market positions in Hong Kong, Singapore and Malaysia.

Jardine Motors continued to grow profitably in Southern China, where its new car deliveries in 2010 rose by 70%. Further investment is being made to expand its dealership network on the Mainland, which now extends to 17 outlets in operation, five under development and a number of others in the planning stage.

Jardine Lloyd Thompson’s earnings benefited from the investment made in its traditional and emerging markets businesses through acquisitions, the recruitment of professionals and system upgrades, including the contribution from the business transformation and cost reduction programme undertaken in recent years.

Interests held through Jardine Strategic Hongkong Land’s commercial property activities in Hong Kong and Singapore performed well in 2010 and the company continued to build its residential development portfolio with the emphasis on Singapore and mainland China. In February 2011, it completed the privatization of its subsidiary, MCL Land, a Singapore residential property developer. The reduced number of residential development completions scheduled for 2011 will result in a lower contribution to Hongkong Land’s earnings from this sector than in recent years.

Dairy Farm produced a satisfactory increase in earnings, ending the year with strong finances and leading positions for its main formats in their respective market segments.

Expansion continued in 2010 with the total number of outlets increasing by 6% to 5,386.

The group plans to invest further in the development of hypermarkets and supermarkets, particularly in Indonesia and Malaysia, and in the refurbishment of its existing store networks.

Despite the recent challenging market conditions, Mandarin Oriental’s growth strategy remains on track. Last year the group announced three additional hotel development projects; new properties in Abu Dhabi and Doha will mark the group’s entry into the Middle East when they open in 2014, while a new hotel in Shanghai, opening in 2013, will be its fourth hotel in mainland China. This year Mandarin Oriental will also add a hotel in Paris.

Astra benefited from the 6% growth of the Indonesian economy in 2010 and robust market conditions. Good performances from its automotive, financial services and heavy equipment activities enabled the group to achieve a record profit for the year. Its rate of growth, however, is expected to moderate in 2011.

People

The impressive performances that we have again seen from our businesses is a testament to the hard work, dedication and professionalism of the 300,000 employees that we have across the Group. I would like to thank them all for their magnificent contribution to the Group’s results.

Outlook

After Jardine Matheson’s outstanding performance in 2010, growth will be harder to achieve in the current year. In particular, there will be a lower contribution from residential developments in Hongkong Land due to the reduced number of project completions planned for 2011. The Group, however, remains financially strong, focused on leadership in its various markets and well placed to pursue development both in Greater China and in Southeast Asia.

Sir Henry Keswick

Chairman

4th March 2011

For further information, please contact:

Jardine Matheson Limited

James Riley (852) 2843 8229

GolinHarris

Kennes Young (852) 2501 7987

Full text of the Preliminary Announcement of Results and the Preliminary Financial Statements for the year ended 31st December 2010 can be accessed through the Internet at www.jardines.com