Jardine Strategic Announce Net Assets Per Share

9th June 2000 -- Jardine Strategic Holdings Limited announces that as at 31st May 2000, the net assets per share of the Company were US$3.62.

Of the US$3.62 unaudited net assets per share, US$2.99 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 876.7 million shares outstanding at the end of May 2000 which exclude the cross-holding of 278.6 million shares held by Jardine Matheson Holdings Limited.

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For further information, please contact:

Jardine Matheson Limited Tel: (852) 2843 8227 (office)

Neil M McNamara

Forrest International Limited Tel: (852) 2522 6475 (office)

Sue Gourlay