Final Results

Camellia PLC
25 May 2000


Preliminary Announcement  -  Year Ended 31st December 1999

Consolidated Profit and Loss Account
                                                                   Restated
                                                     1999            1998
                                                £'000   £'000   £'000   £'000


Turnover - continuing operations                      233,689         237,987
         - discontinued operations                          -           9,471
                                                      -------         -------
                                                      233,689         247,458
Cost of sales                                         180,923         179,068
                                                      -------         -------
Gross profit                                           52,766          68,390
Net operating expenses                                 35,944          36,797
                                                       ------          ------
Operating profit - continuing operations       16,822          31,506
                 - discontinued operations          -              87
                                               ------          ------
                                                       16,822          31,593
Share of results of associates                          2,106           6,765
                                                       ------          ------
                                                       18,928          38,358
Investment income                                         837             554
Profit/(loss) on disposal of subsidiary 
  undertakings                                            268            (553)
Exceptional item                                         (889)              -
Profit on disposal of fixed asset investments              66              31
                                                       ------          ------
                                                       19,210          38,390
Net interest payable and similar charges                5,940           6,103
                                                       ------          ------
Profit on ordinary activities before taxation          13,270          32,287
Taxation on profit on ordinary activities               4,636          10,538
                                                       ------          ------
Profit on ordinary activities after taxation            8,634          21,749
Interest of minority shareholders                       2,924           6,549
                                                        -----          ------
Profit for the year                                     5,710          15,200
Dividends                                               2,266           1,159
                                                        -----          ------
Retained profit for the year                            3,444          14,041
                                                        =====          ======

Earnings per share                                     201.33p         535.68p
                                                       ======          ======


1999 Results

The principal negative factors underlying the disappointing results for 1999
were the adverse effect of drought on the Group's tea production, low tea and
coffee prices, reduced engineering profits and the impact of restructuring
costs incurred by Siegfried AG in the USA.  Improved profits were achieved
from cold storage, distribution and food trading; by the Group's extensive
citrus and wine grape operations in Australia; from property leasing and fine
art trading, and by Duncan Lawrie Ltd.

Prospects for 2000

In the UK, Duncan Lawrie has made a good start, and Linton Park is
experiencing some increase in activity compared with last year.  Linton's
major associate, Siegfried AG, has stated that it has good prospects to
benefit from growth this year.

While there can be no guarantees, I believe that a recurrence of last year's
punishing climatic conditions as affecting all our principal tea growing areas
may reasonably be regarded as unlikely.  Weather reports from the tea
districts in North India and Bangladesh have been satisfactory, and Malawi has
recovered from the effects of very dry conditions at the end of 1999.  In
Kenya, however, our Nandi Hills tea estates suffered unprecedented frost in
January, coupled with a subsequent rainfall shortage, and their production has
been severely affected.  Except for a modest improvement in the Mombasa tea
market, tea prices so far this year have been depressed, especially in
Bangladesh, and coffee prices have also been very low.  The Group's
profitability in 2000 will be significantly influenced by the behaviour of
these markets during the remainder of the year.

Notes:

1.  The directors have decided to recommend a final dividend of 61p per
    ordinary share payable on 5th July 2000 to shareholders registered at the
    close of business on 9th June 2000.

    The total dividend for the year of 80p per ordinary share, compares with
    47p per ordinary share paid in the previous year.

2.  Earnings per share have been calculated by dividing profit after tax and
    minority interest of £5,710,000 (1998 - £15,200,000) by the weighted
    average number of shares in issue at 31st December 1999 of 2,836,188 (1998
    - 2,837,511).

3.  The annual General Meeting is to be held on Thursday, 29th June 2000.

4.  The above figures are an abridged statement from the Group's accounts for
    the year ended 31st December 1999.  The audit report on these accounts was
    unqualified.

    The statutory accounts for the year ended 31st December 1998 have been
    delivered to the Registrar of Companies and those for the year ended 31st
    December 1999 will be delivered after the Annual General Meeting.
  
5.  The Directors Report and Statement of Accounts will be posted to
    shareholders on 31st May 2000 on which date copies can be obtained from
    the company's Registrars:-

                             IRG Plc.,
                             Balfour House,
                             390/398 High Road,
                             Ilford,
                             Essex IG1 1NQ

    or from the company's registered office:

                             Wrotham Place,
                             Wrotham,
                             Sevenoaks,
                             Kent  TN15 7AE

Press enquiries to:

Mr. H.K. FitzGerald

Telephone No: 020 7245 0050

                                                      P.E. HILL
                                                  Company Secretary