| To : Business Editor | For immediate release |
NET ASSETS PER SHARE
9th January 1998 -- Jardine Strategic Holdings Limited announces that as at 31st December 1997, the net assets per ordinary share of the Company were US$4.24 before any proposed final dividend for 1997.
Of the unaudited net assets per share of US$4.24, US$3.44 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 913.2 million ordinary shares outstanding at the end of Decemer 1997 which exclude the cross-holding of 242.1 million shares held by Jardine Matheson Holdings Limited and a further 58.7 million shares held by a wholly-owned subsidiary of the Company.
The exercise of all the outstanding 117.3 million call warrants in the Company would not result in a material dilution of the net assets per ordinary share.
For further information, please contact:
| Jardine Matheson Limited Neil M McNamara |
Tel: (852) 2843 8227 (office) |
| Ludgate Asia Limited Ann Hung |
Tel: (852) 2543 5413 (office) |
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