1. 1st August 2006 Dominic Burke Chief Executive

2. Today’s Meeting 2006 Interim Results Operational Review –Strengthened management team –Business reviews –JLT Risk Solutions –Update on ongoing review of costs –Proposed closure of UK Defined Benefit Pension Scheme Outlook

3. Actual Growth 1H 20061H 2005Growthat CRE Turnover 260.4250.74%3% £ Million Diluted Earnings per share14.5p15.8p(8%) Financial Highlights CRE – Adjusted growth at achieved constant rates of exchange Trading Profit 38.342.0(9%)(3%) Underlying Profit Before Tax 47.147.3-5% Interim Dividend per share8.5p8.5p-

4. 20042005 86.3% 82.1% Full year First Half 1H 83.2% 2006 1H 85.3% 1H 75.7% Expense Ratio

5. Turnover Risk & Insurance 219.85%5%18%22% Employee Benefits 37.59%9%16%15% Other3.1---- Growth 260.44%3%15%17% ActualAt CRE 1H 2006 Trading Margin 1H 20061H 2005 £ Million

6. Canada 8.727%12%8%(2%) USA 19.222%16%9%13% Australia & NZ 32.1(3%)(3%)31% 36% Latin America 8.57%1%13%15% Total 219.85%5%18%22% Risk Solutions Group 61.2(1%)1%14%18% Asia 16.913%7% 23%22% Risk & Insurance Agnew Higgins 9.663%62%17%2% UK/Ireland 23.47%7%13%13% JLT Re 24.7(6%)(2%)22%34% Lloyd & Partners 15.58%14%23%34% Growth ActualAt CRE Turnover Trading Margin 1H 20061H 2005 £ Million

7. Risk & Insurance Canada 8.727%12%8%(2%) USA 19.222%16%9%13% Australia & NZ 32.1(3%)(3%)31% 36% Latin America 8.57%1%13%15% Total 219.85%5%18%22% Risk Solutions Group 61.2(1%)1%14%18% Asia 16.913%7% 23%22% Agnew Higgins 9.663%62%17%2% UK/Ireland 23.47%7%13%13% JLT Re 24.7(6%)(2%)22%34% Lloyd & Partners 15.58%14%23%34% Growth ActualAt CRE Trading Margin 1H 20061H 2005 Turnover £ Million

8. Risk & Insurance Canada 8.727%12%8%(2%) USA 19.222%16%9%13% Australia & NZ 32.1(3%)(3%)31% 36% Latin America 8.57%1%13%15% Total 219.85%5%18%22% Risk Solutions Group 61.2(1%)1%14%18% Asia 16.913%7% 23%22% Agnew Higgins 9.663%62%17%2% UK/Ireland 23.47%7%13%13% JLT Re 24.7(6%)(2%)22%34% Lloyd & Partners 15.58%14%23%34% Growth ActualAt CRE Trading Margin 1H 20061H 2005 Turnover £ Million

9. Risk & Insurance Canada 8.727%12%8%(2%) USA 19.222%16%9%13% Australia & NZ 32.1(3%)(3%)31% 36% Latin America 8.57%1%13%15% Total 219.85%5%18%22% Risk Solutions Group 61.2(1%)1%14%18% Asia 16.913%7% 23%22% Agnew Higgins 9.663%62%17%2% UK/Ireland 23.47%7%13%13% JLT Re 24.7(6%)(2%)22%34% Lloyd & Partners 15.58%14%23%34% Growth ActualAt CRE Trading Margin 1H 20061H 2005 Turnover £ Million

10. Risk & Insurance Canada 8.727%12%8%(2%) USA 19.222%16%9%13% Australia & NZ 32.1(3%)(3%)31% 36% Latin America 8.57%1%13%15% Total 219.85%5%18%22% Risk Solutions Group 61.2(1%)1%14%18% Asia 16.913%7% 23%22% Agnew Higgins 9.663%62%17%2% UK/Ireland 23.47%7%13%13% JLT Re 24.7(6%)(2%)22%34% Lloyd & Partners 15.58%14%23%34% Growth ActualAt CRE Trading Margin 1H 20061H 2005 Turnover £ Million

11. Risk & Insurance Canada 8.727%12%8%(2%) USA 19.222%16%9%13% Australia & NZ 32.1(3%)(3%)31% 36% Latin America 8.57%1%13%15% Total 219.85%5%18%22% Risk Solutions Group 61.2(1%)1%14%18% Asia 16.913%7% 23%22% Agnew Higgins 9.663%62%17%2% UK/Ireland 23.47%7%13%13% JLT Re 24.7(6%)(2%)22%34% Lloyd & Partners 15.58%14%23%34% Growth ActualAt CRE Trading Margin 1H 20061H 2005 Turnover £ Million

12. JLT Re – Market Share Aviation £50m* 17% Marine & Energy £80m* Non Marine £2bn* Less than 1% 10% *Estimated global reinsurance brokerage

13. Risk & Insurance Canada 8.727%12%8%(2%) USA 19.222%16%9%13% Australia & NZ 32.1(3%)(3%)31% 36% Latin America 8.57%1%13%15% Total 219.85%5%18%22% Risk Solutions Group 61.2(1%)1%14%18% Asia 16.913%7% 23%22% Agnew Higgins 9.663%62%17%2% UK/Ireland 23.47%7%13%13% JLT Re 24.7(6%)(2%)22%34% Lloyd & Partners 15.58%14%23%34% Growth ActualAt CRE Trading Margin 1H 20061H 2005 Turnover £ Million

14. Good client retention with long term contracts renewing Closure of Defined Benefits schemes continue to provide opportunities ‘New World’ benefits providing increasing opportunities Employee Benefits 37.59%9%16%15% Trading MarginGrowth ActualAt CRE Turnover 1H 20061H 2005 £ Million

15. Today’s Meeting 2006 Interim Results Operational Review –Strengthened management team –Business reviews –JLT Risk Solutions –Update on ongoing review of costs –Proposed closure of UK Defined Benefit Pension Scheme Outlook

16. Operational Review Strengthened management team Group Board –Brian CarpenterCEO Australasia –William NabarroExecutive Chairman, Employee Benefits Group and Group Commercial Director –Jim RushNew Finance Director Group Executive Committee –Mark Drummond-Brady Martin Hiller –Adrian GirlingJLT Corporate Risks –Alan GriffinJLT Re } JLT Risk Solutions

17. Review of trading activities and strategic positioning of each business stream Dedicated project team has already undertaken a thorough review –validated JLT’s clear leadership position in certain territories and chosen industries and product areas –underlined the ability and determination of JLT’s people Operational Review Business reviews

18. Broad directions have emerged: –to concentrate on existing areas of proven business and management strength

19. Broad directions have emerged: –to concentrate on existing areas of proven business and management strength –to improve the balance between one-off income generated from specialist services and recurring income received from providing clients with broader day-to-day services Operational Review Business reviews

20. Broad directions have emerged: –to concentrate on existing areas of proven business and management strength –to improve the balance between one-off income generated from specialist services and recurring income received from providing clients with broader day-to-day services –to focus investment on lower risk initiatives Operational Review Business reviews

21. Broad directions have emerged: –to concentrate on existing areas of proven business and management strength –to improve the balance between one-off income generated from specialist services and recurring income received from providing clients with broader day-to-day services –to focus investment on lower risk initiatives –to seek out bolt-on consolidation opportunities offering concrete, quantifiable benefits Operational Review Business reviews

22. Merger with JLT UK IB no longer necessary Much better communication and collaboration between JLT RS and JLT UK IB Structural Changes –UK Major corporate accountsJLT UK IB –Global Aerospace PracticeJLT Re –Global Reinsurance PracticeJLT Re Operational Review JLT Risk Solutions

23. Align cost structure with Revenues IT systems –UK IT infrastructure outsourced –IT applications, support & maintenance outsourced Operational Review Update on ongoing review of costs

24. Operational Review UK Defined Benefit Pension Scheme Current Position At 31st December 2005, deficit £146m. New entrants have a Defined Contribution Scheme. 40% of UK staff in Defined Benefit Pension Scheme. Deficit reflects lower investment yields and increasing life expectancy. Review undertaken on how to best manage pension issue going forward.

25. Proposal Defined Benefit Scheme - closing to existing members. Closure of DB Scheme will reduce liabilities under ISA 19. A competitive Defined Contribution Scheme will replace the DB Scheme. Special contributions to DB Scheme of £65m by 2009. To remove the volatility of DB Scheme – not a cost cutting exercise Currently in consultation with UK staff. Operational Review UK Defined Benefit Pension Scheme

26. Jardine Lloyd Thompson Group plc Outlook 2006 full year – no more than a modest improvement in trading performance over 2005. This remains our view. Much progress has been made on many fronts to reshape JLT for the future, the benefits of which will be seen in 2007 and more fully in 2008. JLT - a strong independent broker