| To : Business Editor | For immediate release |
NET ASSETS PER SHARE
10th July 1997 -- Jardine Strategic Holdings Limited announces that as at 7th July 1997, following the exercise of 24.6 million put warrants on the same day , the net assets per ordinary share of the Company, on a fully diluted basis, were US$5.72 before any proposed interim dividend on the ordinary shares for 1997.
Of the unaudited net assets per share of US$5.72, US$4.60 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 assume conversion of all the outstanding 540,750 convertible cumulative preference shares and exercise of all the outstanding 117.3 million call warrants in the Company into 294.5 million ordinary shares. This results in a fully diluted share capital of 1,012.2 million ordinary shares (excluding the cross-holding of 263.3 million shares held by Jardine Matheson Holdings Limited and a further 58.7 million shares which are held by a wholly-owned subsidiary of the Company).
On an undiluted basis, the unaudited net assets per ordinary share would have been US$6.27 per share, based on share capital of 769.6 million ordinary shares.
For further information, please contact:
| Jardine Matheson Limited Norman Lyle |
Tel: (852) 2843 8216 (office) |
| Ludgate Asia Limited May Hung |
Tel: (852) 2543 5413 (office) |
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