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Jardine Strategic Holdings Announces Net Assets Per Share

Hamilton, Bermuda 9th July 1999 -- Jardine Strategic Holdings Limited announces that as at 30th June 1999, the net assets per share of the Company were US$4.80 before any proposed interim dividend on the ordinary shares for 1999.

Of the unaudited net assets per share of US$4.80, US$3.84 is attributable to the Company's interests in directly held businesses, other than Jardine Matheson, based on market price. The remainder is attributable to the Company's effective holdings in Jardine Matheson's businesses based on market price and adjusted to exclude its share of the market value of Jardine Strategic's businesses.

These calculations are based on unaudited information and on 890.0 million shares outstanding at the end of June 1999 which exclude the cross-holding of 265.3 million shares held by Jardine Matheson Holdings Limited and a further 58.7 million shares held by a wholly-owned subsidiary of the Company.