Interim Report

KAKUZI LIMITED
19 August 1999



DIVIDEND ANNOUNCEMENT AND EXTRACT FROM INTERIM STATEMENT 1999 RESULTS FOR THE
PERIOD OF SIX MONTHS TO 30TH JUNE 1999


DIVIDEND

The Board of Directors of Kakuzi Limited has declared an interim dividend of
Shrs.1.00 (20%) per stock unit of Shs. 5.00 in respect of the year ending 31st
December 1999.  Payment will be made, less withholding tax where applicable, on
or about 15th October 1999 to stockholders on the Register of the Company at the
close of business on 23rd September 1999 and the Register will remain closed on
24th September 1999.

RESULTS

The unaudited results for the Kakuzi Group for the period are:-
 
                6 months to         6 months to   12 months to
                30.06.1999           30.06.1998   31.12.1998
                    
                Shs.'000             Shs.'000      Shs.'000    

Turnover        544,276              822,556      1,258,425
Profit before
taxation         14,062              233,717        147,174
Taxation         (2,198)             (39,746)       (4,541)
Profit after
taxation         11,864              193,971        142,633
Minority 
Interests       (2,206)              (8,337)         (8,619)
Profit 
attributable
to the members
of Kakuzi Ltd    9,658               185,634          134,014     
Earnings per
stock unit       0.49                   9.47           6.84


19th August 1999