JDS.L Regulatory News (JDS)

19 Sep 2007 07:00

Jardine Matheson Hldgs Ld19 September 2007 To: Business Editor For immediate release Not for release, publication or distribution, in Canada (other than the Provinceof Ontario), Japan, Malaysia or South Africa or any other jurisdiction where todo so would constitute a violation of the relevant laws of such jurisdiction. Jardine Matheson Announces Results of Tender Offers 19th September 2007 - Jardine Matheson Holdings Limited ('Jardine Matheson')today announced the results of the Tender Offers made to purchase shares inJardine Strategic Holdings Limited ('Jardine Strategic') and to repurchase itsown shares. The Tender Offers were announced on 15th August 2007 and closed on18th September 2007. Tender Offer to Purchase Shares in Jardine StrategicJardine Matheson has received valid tenders for 8,539,012 shares in JardineStrategic under the Tender Offer ('JS Tender Offer') to purchase JardineStrategic Shares. In accordance with the terms of the JS Tender Offer, the Strike Price has beenset at US$14.50 per Jardine Strategic Share. As the JS Tender Offer has notbeen fully subscribed, all valid Tenders have been accepted in full and will bepurchased at the Strike Price. The total consideration payable under the JSTender Offer is US$123.8 million. The JS Tender Offer was made pursuant to the share repurchase authority approvedby Jardine Strategic shareholders at the annual general meeting held in May2007. Tender Offer to Repurchase Jardine Matheson SharesJardine Matheson has received valid tenders for 338,581 Jardine Matheson Sharesunder the Tender Offer ('JM Tender Offer') to repurchase Jardine MathesonShares. In accordance with the terms of the JM Tender Offer, the Strike Price has beenset at US$25.00 per Jardine Matheson Share. As the JM Tender Offer has not beenfully subscribed, all valid Tenders have been accepted in full and will berepurchased at the Strike Price. The total consideration payable under the JMTender Offer is US$8.5 million. The JM Tender Offer was made pursuant to the share repurchase authority approvedby Jardine Matheson shareholders at the annual general meeting held in May 2007. SettlementThe total consideration payable by Jardine Matheson under both Tender Offers isapproximately US$132.3 million. Payment will be sent on 25th September 2007 inrespect of accepted Tenders in accordance with the terms of the Tender Offers.Balance share certificates in respect of partial Tenders will be despatched on2nd October 2007. The Jardine Matheson GroupWith a broad portfolio of market-leading businesses, the Jardine Matheson Groupis an Asian-based conglomerate with extensive experience in the Region. Itsbusiness interests include Jardine Pacific, Jardine Motors Group, Hongkong Land,Dairy Farm, Mandarin Oriental, Jardine Cycle & Carriage and Jardine LloydThompson. These companies are leaders in the fields of engineering andconstruction, transport services, motor trading, property, retailing,restaurants, hotels, financial services and insurance broking. - end - This announcement is not intended to and does not constitute an offer orinvitation to purchase any securities pursuant to the Tender Offers orotherwise. The Tender Offers were made solely through the Tender OfferDocuments, which contained the full terms and conditions of the Tender Offers. The release, publication or distribution of this announcement is prohibited inCanada (other than the Province of Ontario), Japan, Malaysia or South Africa andthe release, publication or distribution of this announcement in otherjurisdictions may be restricted by law and therefore any persons who are subjectto the laws of any such jurisdiction should inform themselves about, andobserve, any applicable requirements. For further information, please contact:- Jardine Matheson Limited Neil M McNamara (852) 2843 8227 GolinHarris Nick Bradbury (852) 2501 7910 This and other Group announcements can be accessed through the Internet at 'www.jardines.com'. This information is provided by RNS The company news service from the London Stock Exchange