NOTICE OF GUARANTEED DELIVERY
                               REGARDING THE OFFER

                                       BY
                     JARDINE FLEMING CHINA REGION FUND, INC.

       TO PURCHASE FOR CASH UP TO 1,172,856 OF ITS ISSUED AND OUTSTANDING
                   SHARES AT 95% OF NET ASSET VALUE PER SHARE


     This  form  must be used to  accept  the  Offer  (as  defined  below)  if a
shareholder's  certificates for Shares are not immediately  available or if time
will not permit the Letter of Transmittal and other required  documents to reach
the  Depositary on or before the  Expiration  Date.  Each term used in this form
that is not  otherwise  defined  herein shall have the meaning  specified in the
Offer to  Purchase  dated June 11,  2001.  This form may be  delivered  by hand,
overnight courier or mail to the Depositary at the appropriate address set forth
below and must bear original signatures (not photocopies or facsimiles). Tenders
using  this form may be made  only by or  through  an  Eligible  Institution  as
defined in Section 4(b) of the Offer to Purchase.

                                   DEPOSITARY
                          EQUISERVE TRUST COMPANY, N.A.

                                 VIA FACSIMILE:

                                 (781) 575-4826


                         CONFIRM FACSIMILE BY TELEPHONE:

                                 (781) 575-4816




<TABLE>
<S>                           <C>                                          <C>
    BY FIRST CLASS MAIL:      BY REGISTERED, CERTIFIED OR EXPRESS MAIL                 BY HAND:
EquiServe Trust Company, N.A.          OR OVERNIGHT COURIER:                Securities Transfer & Reporting
   Attn: Corporate Actions          EquiServe Trust Company, N.A.                   Services, Inc.
       P.O. Box 43025                  Attn: Corporate Actions             c/o EquiServe Trust Company, N.A.
  Providence, RI 02940-3025              40 Campanelli Drive                  100 William Street Galleria
                                         Braintree, MA 02184                      New York, NY 10038

</TABLE>

                 DELIVERY OF THIS INSTRUMENT TO AN ADDRESS OTHER
           THAN AS SET FORTH ABOVE DOES NOT CONSTITUTE VALID DELIVERY.
<PAGE>


   LADIES AND GENTLEMEN:


        The  undersigned  hereby  tenders to Jardine  Fleming China Region Fund,
   Inc. (the "Fund"),  upon the terms and subject to the conditions set forth in
   its  Offer  to  Purchase  dated  June  11,  2001 and the  related  Letter  of
   Transmittal  (which  together  with any  amendments  or  supplements  thereto
   collectively   constitute   the   "Offer"),   receipt  of  which  are  hereby
   acknowledged,  (i) the  number  of Shares  specified  below  pursuant  to the
   guaranteed  delivery  procedures  set forth in  Section  4(d) of the Offer to
   Purchase and (ii) all Shares held in the name(s) of the registered  holder(s)
   by the Fund's  transfer  agent pursuant to the Fund's  Dividend  Reinvestment
   Plan.



   (PLEASE PRINT EXCEPT FOR SIGNATURE(S))


   Number of Shares Tendered:___________________________


   Certificate Nos. (if available):_____________________


   _____________________________________________________


   _____________________________________________________


   If shares will be tendered by  book-entry  transfer to
   The  Depository  Trust Company, please check
   box: [] _____________________________________________






   Dated__________, 2001


                   Individual(s):


   _____________________________________________________


   _____________________________________________________





   Name(s) of Record Holder: ___________________________


   _____________________________________________________


   _____________________________________________________


   DTC Participant Number: _____________________________





   Telephone Number, including Area Code:_______________


   _____________________________________________________


   Signature(s)_________________________________________


   _____________________________________________________


                       Entity:


   _____________________________________________________


   _____________________________________________________


   Name of Firm:________________________________________


   Authorized Signature: _______________________________


   Name:________________________________________________


   Title:_______________________________________________


<PAGE>



                                    GUARANTEE

        The undersigned,  an Eligible  Institution as defined in Section 4(b) of
   the Offer to Purchase,  hereby,  with respect to the Shares  tendered  hereby
   pursuant to the guaranteed  delivery  procedures set forth in Section 4(c) of
   the  Offer  to  Purchase:  (a)  represents  that the  person(s)  named on the
   previous page "own(s)" such Shares within the meaning of Rule 14e-4 under the
   Securities  Exchange Act of 1934, as amended;  (b) represents that the tender
   of such Shares complies with Rule 14e-4; and (c) guarantees to deliver to the
   Depositary certificates representing such Shares, in proper form for transfer
   (or to tender Shares  pursuant to the procedure for book-entry  transfer into
   the  Depositary's  account at The Depository Trust Company if so specified on
   the foregoing  page),  together  with a properly  completed and duly executed
   Letter of Transmittal  with any required  signature  guarantees and any other
   required  documents  prior to 5:00 P.M.  New York Time on the second New York
   Stock Exchange trading day after the date of execution of this Guarantee.

                       (PLEASE PRINT EXCEPT FOR SIGNATURE)

   Name of Firm:_________________________________________________

   Authorized Signature: _______________________________________________________

   Name:________________________________________________________________________

   Title:_______________________________________________________________________

   Address:_____________________________________________________________________

                            (INCLUDE ZIP/POSTAL CODE)

   Telephone Number, including Area Code:_______________________________________

   Dated: __________ , 2001