Transaction in Own Shares

RNS Number:7501T
Mandarin Oriental International Ld
31 December 2003

MANDARIN ORIENTAL INTERNATIONAL LIMITED ("MOIL")

REPURCHASE AND CANCELLATION OF SHARES

Please be advised of the following repurchase by MOIL of its own shares from
Mandarin Oriental Trustees Limited, the subsidiary and trustee of the Employee
Share Incentive Schemes of MOIL, effective on 31st December 2003:-


Date of repurchase                               : 31st December 2003
Total number of shares repurchased               : 8,536,962 ordinary shares
Highest price paid per share                     : US$1.4310
Lowest price paid per share                      : US$0.5190

The shares being repurchased and cancelled relate to share options issued
pursuant to MOIL's Employee Share Incentive Schemes which have ceased to be
exercisable under the terms of the relevant Trust Deeds of the said Schemes.
The repurchase was carried out in accordance with the terms of the relevant
Trust Deeds of the said Schemes as approved by the shareholders of MOIL.

DISCLOSURE OF INTERESTS - SUBSTANTIAL SHAREHOLDER

Following the above repurchase and cancellation of shares, the interest of
Mandarin Oriental Trustees Limited, the subsidiary and trustee of MOIL's
Employee Share Incentive Schemes, decreased to below 3% of the issued share
capital of MOIL and ceased to be a substantial shareholder of MOIL.


Neil M McNamara, Jardine Matheson Limited
For and on behalf of Mandarin Oriental International Limited

31st December 2003

www.mandarinoriental.com


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