Jardine Fleming China Region Fund, Inc. Tender Offer Trigger Level Reached

Apr 10, 2001, 01:00 ET from Jardine Fleming China Region Fund, Inc.

    BALTIMORE, April 10 /PRNewswire/ -- The Board of Directors of Jardine
 Fleming China Region Fund, Inc. (NYSE:   JFC) announced today that the average
 discount to net asset value (NAV) for the Fund's shares exceeded 20% during
 the first thirteen weeks of 2001.
     On October 24, 2000 and October 30, 2000, the Fund stated its intention to
 conduct an annual tender offer if, during any thirteen week period, the
 average discount to NAV exceeded 20%.
     The Board will discuss the timing and terms for a tender offer at its next
 regularly scheduled meeting, to be held on May 9, 2001.  An announcement of
 the Board's decision on this matter will be made as soon as practicable.
     The Board's policy of holding annual tenders whenever the discount to NAV
 remains above the threshold is consistent with the Board's stated commitment
 to enhance shareholder value.  Other actions the Board has taken to further
 this policy include last year's tender offer for 30% of the Fund's outstanding
 shares and one share repurchase program.  Since May 2000, the Fund has had the
 share repurchase program in place and has repurchased a total of 660,400
 shares, representing 7.26% of total shares in issue at the time the authority
 was granted.  The Fund's share repurchases have been suspended pending a
 decision and announcement on a tender offer.
     On April 6, 2001, the Fund's NAV per share was $8.78 and the closing price
 on the NYSE was $6.81.  This represents a discount to NAV of 22.44%.
     Jardine Fleming China Region Fund, Inc., a closed-end investment company,
 is managed by JF International Management Inc. an indirect subsidiary of
 JPMorgan Chase.
 
 

SOURCE Jardine Fleming China Region Fund, Inc.
    BALTIMORE, April 10 /PRNewswire/ -- The Board of Directors of Jardine
 Fleming China Region Fund, Inc. (NYSE:   JFC) announced today that the average
 discount to net asset value (NAV) for the Fund's shares exceeded 20% during
 the first thirteen weeks of 2001.
     On October 24, 2000 and October 30, 2000, the Fund stated its intention to
 conduct an annual tender offer if, during any thirteen week period, the
 average discount to NAV exceeded 20%.
     The Board will discuss the timing and terms for a tender offer at its next
 regularly scheduled meeting, to be held on May 9, 2001.  An announcement of
 the Board's decision on this matter will be made as soon as practicable.
     The Board's policy of holding annual tenders whenever the discount to NAV
 remains above the threshold is consistent with the Board's stated commitment
 to enhance shareholder value.  Other actions the Board has taken to further
 this policy include last year's tender offer for 30% of the Fund's outstanding
 shares and one share repurchase program.  Since May 2000, the Fund has had the
 share repurchase program in place and has repurchased a total of 660,400
 shares, representing 7.26% of total shares in issue at the time the authority
 was granted.  The Fund's share repurchases have been suspended pending a
 decision and announcement on a tender offer.
     On April 6, 2001, the Fund's NAV per share was $8.78 and the closing price
 on the NYSE was $6.81.  This represents a discount to NAV of 22.44%.
     Jardine Fleming China Region Fund, Inc., a closed-end investment company,
 is managed by JF International Management Inc. an indirect subsidiary of
 JPMorgan Chase.
 
 SOURCE  Jardine Fleming China Region Fund, Inc.