Final Results

Kakuzi Ld 28 February 2003 KAKUZI LIMITED ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 31 DECEMBER 2002 RESULTS 2002 2001 Shs'000 Shs'000 Sales 1,082,190 1,250,943 Continuing operations 1,060,033 1,167,247 Discontinued operations 22,157 83,696 Operating profit 70,498 1,744 Continuing operations 71,599 18,493 Discontinued operations (1,101) (16,749) Finance costs (net) (62,027) (97,678) Profit/(loss) before tax 8,471 (95,934) Continuing operations 12,104 (69,478) Discontinued operations (3,633) (26,456) Tax (388) 41,767 Profit/(loss) after tax 8,083 (54,167) Minority interests (490) 8,944 Profit/(loss) attributable to the members of Kakuzi Limited 7,593 (45,223) Shs Shs Basic earnings/(loss) per stock unit 0.39 (2.31) Diluted earnings/(loss) per stock unit 0.39 (2.31) Note: The subsidiary Garton Limited, disposed of on 27 February 2002, is reported as discontinued operations. The above results are extracted from financial statements audited by PricewaterhouseCoopers, certified public accountants, and on which an unqualified opinion has been given. Despite 2002 proving to be an extremely challenging year during which coffee prices persisted at very low levels and tea prices weakened, it is pleasing to report that Kakuzi Limited returned to profitability. The main factors contributing to this turnaround were the successful avocado season and a reduction in the cost of borrowings. DIVIDEND The Directors do not recommend the payment of a dividend for the year 2002. ANNUAL GENERAL MEETING The Annual General Meeting of the company will be held on Wednesday 21 May 2003 at 12.00 noon in the Allamanda Room, Serena Hotel, Nairobi, Kenya. BY ORDER OF THE BOARD DR T R FOWKES CHAIRMAN P O BOX 24, THIKA 01000, KENYA 27 FEBRUARY 2003 This information is provided by RNS The company news service from the London Stock Exchange FR SELSMASDSEEE

Companies

Kakuzi Ltd. (KAKU)
UK 100

Latest directors dealings