Interim Results

Kakuzi Ld
31 August 2001


      DIVIDEND ANNOUNCEMENT AND EXTRACT FROM THE INTERIM FINANCIAL REPORT
              FOR THE PERIOD OF SIX MONTHS TO 30 JUNE 2001

The unaudited results for the Kakuzi Group for the six months ended 30 June 2001
and the comparative figures for the previous year are as follows:

                                              30 June 2001        30 June 2000  
                                                 Sh '000             Sh '000

Turnover                                           640,961             661,135 

Operating profit                                    31,894              88,995

Net finance costs                                  (51,598)            (62,772)

(Loss)/profit before tax                           (19,704)             26,223
Tax                                                 13,073              (2,819)

(Loss)/profit after tax                             (6,631)             23,404

Minority interests                                   2,780               5,179

(Loss)/profit attributable to the members 
of Kakuzi Limited                                   (3,851)             28,583

                                                        Sh                  Sh

Basic (loss)/earnings per stock unit                 (0.20)               1.46


The results for the six months ended 30 June 2000 included an exceptional item 
of Sh 43.8 million relating to the sale of the lease of Cotts House, an office 
building in central Nairobi.

PROSPECTS AND DIVIDEND

World coffee prices remain extremely depressed, although Kenyan prices have 
suffered less during recent months due to the sharp reduction in the amount of 
coffee now being produced in Kenya. Much will depend upon the prices available 
at the Nairobi coffee auction during the next four months when most of our early
crop will be sold. Favourable weather conditions this year have increased tea 
production throughout Kenya and prices have declined accordingly. A record tea 
crop is forecast for Kenya this year and we do not expect any significant 
recovery in the tea price in the near future. Pineapple prices have been 
adversely affected by increased production in South-East Asia. In view of the 
loss recorded for the first six months of the year and the uncertainty 
surrounding coffee, tea and pineapple prices for the second half of the year, 
the Directors have decided not to declare an interim dividend.



DR T R FOWKES
CHAIRMAN
31 August 2001