Final Results - Year Ended 31 December 1999

Kakuzi Ld
14 March 2000


DIVIDEND ANNOUNCEMENT AND RESULTS

At a Board Meeting held today, the Kakuzi Limited Board approved the audited
accounts for the year ended 31st December 1999 and recommended a final dividend
for approval at the Annual General Meeting, a summary extract of the results is
shown below.

                             KAKUZI LIMITED

ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 31st DECEMBER 1999

                                                        1998
                                          1999      As restated*
                                       Sh '000       Sh '000

RESULTS

(Loss)/Profit before taxation          (16,615)       147,174

Taxation                                40,331        (74,824)

Net profit after taxation               23,716         72,350

Minority interests                         334         (5,775)
                                                   
Profit attributable to the members of 
Kakuzi Limited                          24,050         66,575

Dividends (Gross) - interim (paid)     (19,600)       (19,600)
                  - final (proposed)   (19,600)       (34,300)

Retained (loss)/profit for the year 
carried to reserves                    (15,150)        12,675

                                          Shs.          Shs.
Earnings per stock unit                   1.23          3.40

*NOTE:  The Group's financial statements now comply with the requirements
        of International Accounting Standards (IAS), which have replaced        
       Kenyan Accounting Standards.  Under IAS, certain adjustments were        
      required to recognise the retrospective impact of the change.

ANNUAL GENERAL MEETING

The  Annual General Meeting of the Company will be held on Friday 12 May
at 12.00 noon at Frangipani Room, Serena Hotel, Nairobi.

DIVIDEND

The Board will recommend to the stockholders a final dividend in respect
of the year ended 31 December 1999 of Shs.1.00 per stock unit (20%) subject to
withholding tax where applicable. The dividend will be payable on  3l May 2000
to stockholders on the register at close of business on 5 May 2000. The register
will remain closed on 5th May 2000.

BY ORDER OF THE BOARD

M C PERKINS CHAIRMAN

P O BOX 30572
NAIROBI
3 MARCH 2000