Kakuzi Ld
5 March 2001

At a Board Meeting held today, the Kakuzi Limited Board approved the audited
accounts for the year ended 31st December 2000 and a summary extract of the
result is below.

Announcement of Results for the Year Ended December 2000

                                        2000                       1999
                                      Sh'000                     Sh'000

RESULTS

Sales                               1,212,796                 1,090,782

Operating profit                       26,367                    86,126

Net finance costs                    (112,133)                 (102,741)

Loss before tax                       (85,766)                  (16,615)

Tax                                    42,135                    54,507

(Loss)/profit after tax               (43,631)                   37,892

Minority interests                     15,358                    (1,187)

(Loss/profit) attributable to the
members of Kakuzi Limited             (28,273)                   36,705

                                           Sh                        Sh
Basic earnings per stock unit           (1.44)                     1.87

Dividends:                             Sh'000                    Sh'000
- Interim dividend paid in the year     7,840                    19,600

- Proposed final dividend for the year      0                    19,600
                                        7,840                    39,200

The loss for the year is principally due to very unfavourable climatic
conditions experienced both in Nandi Hills and Makuyu and to coffee prices
falling considerably below our cost of production despite record yields.

ANNUAL GENERAL MEETING

The Annual General Meeting of the Company will be held on Tuesday 15 May 2001 at
12.00 noon at the Allamanda Room, Serena Hotel, Nairobi.

DIVIDEND 

In view of the loss made during the year the Directors do not propose the
payment of a final dividend.

BY ORDER OF THE BOARD

MC PERKINS
CHAIRMAN