Interim Results

Kakuzi Ld
29 August 2002


                                KAKUZI LIMITED 
               (Coffee, Tea, Livestock, Horticulture, Forestry) 

DIVIDEND ANNOUNCEMENT AND EXTRACT FROM THE INTERIM FINANCIAL REPORT 
FOR THE PERIOD OF SIX MONTHS TO 30 JUNE 2002 

The unaudited results for the Kakuzi Group for the period of six months to 
30 June 2002 and the comparative figures for the previous year are as follows: 

                                         30 June 2002               30 June 2001 
                                               Sh'000                     Sh'000
 
Sales                                         493,777                   640,961 
                                                                                       
     Continuing operations       471,621                 582,688  
     Discontinued operations      22,156                  58,273

Operating profit                               15,253                    31,894

     Continuing operations        16,354                  35,107
     Discontinued operations      (1,101)                 (3,213)

Net finance costs                             (32,780)                  (51,598)

Loss before tax                               (17,527)                  (19,704)

     Continuing operations       (13,896)                 (11,855)  
     Discontinued operations      (3,631)                  (7,849)

Tax                                            (5,237)                   13,073

Loss after tax                                (22,764)                   (6,631)

Minority interests                               (490)                    2,780

Loss attributable to the members 
 of Kakuzi Limited                            (23,254)                   (3,851)

                                                   Sh                        Sh
                                                         
Basic loss per stock unit                       (1.19)                    (0.20)                                        
                             

The company experienced difficult trading conditions due to continuing poor
commodity prices during the six month period. As reported in the Annual
Financial Statements for the year ended 31 December 2001, the sale of Garton
Limited was completed on 27 February 2002. In view of the loss we are reporting
for the first six months of the year and the continuing uncertainty as to any
recovery in coffee, tea and pineapple prices during the second half of the year,
the directors do not recommend the payment of an interim dividend.  


Dr. T R Fowkes
Chairman 
29 August 2002 




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