30th September 1999, the net assets per share of the Company were US$3.75.
Of the unaudited net assets per share of US$3.75, US$2.98 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 889.8 million shares outstanding at the end of September 1999 which exclude the cross-holding of 265.5 million shares held by Jardine Matheson Holdings Limited and a further 58.7 million shares held by a wholly-owned subsidiary of the Company.
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