| To : Business Editor | For immediate release |
JARDINE STRATEGIC - RESULTS OF EXERCISE AND EXPIRY OF WARRANTS
8th July 1997 -- Jardine Strategic Holdings Limited today announced that 24,561,894 Jardine Strategic Put Warrants were exercised on 7th July 1997 at the strike price of US$3.80 per share. The exercise has resulted in the Company repurchasing 24,561,894 ordinary shares, representing some 2.31% of the Company's outstanding ordinary share capital. It is expected that cheques for the payment of the purchase price will be posted no later than 15th July 1997.
The remaining 24,727,983 Put Warrants expired unexercised.
For further information, please contact:
| Jardine Matheson Limited Neil McNamara |
Tel: (852) 2843 8227 (office) |
| Ludgate Asia Limited Martin Spurrier |
Tel: (852) 2543 5413 (office) |
This announcement can be accessed through the Internet at "http://www.irasia.com/listco/sg/jsh"
and is also available through "First Call".
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