Further re Final Results - Year Ended 31 Dec 1999

Kakuzi Ld
3 April 2000


ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 31 DECEMBER 1999

Subsequent to the 1999 results being announced on 3 March 2000, a further review
of the calculation of prior year adjustments relating to the adoption of
International Accounting Standards has been prepared which requires an amendment
to the figures announced, as follows:

                      Extracted from audited     As previously announced
                      financial statements        on 3 March 2000  
                      1999          1998         1999             1998
                                    As restated*            As restated*
                      Sh'000        Sh'000       Sh'000     Sh'000

(Loss)/profit before
taxation             (16,615)      146,286      (16,615)    147,174
Taxation              54,507       (38,536)      40,331     (74,824)
                     -------       -------       -------    --------  
Net profit after
taxation             37,892        107,750       23,716      72,350
Minority interests   (1,187)        (7,527)         334      (5,775)
                    --------       -------       ------      ------- 
Profit attributable
to the members of 
Kakuzi Limited      36,705        100,223        24,050      66,575

Dividends (gross)
-interim (paid)    (19,600)       (19,600)      (19,600)    (19,600)
-final (proposed)  (19,600)       (34,300)      (19,600)    (34,300)
                   --------       -------       -------     -------- 
Retained (loss)/
profit for the 
year carried to
reserves           (2,495)        46,323        (15,150)    12,675
                   ------         ------         -------    ------- 

                    Sh              Sh            Sh          Sh

Earnings per 
stock unit          1.87            5.11           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 2000 at
12.00 noon at the 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 Sh1.00 per stock unit (20%) subject to
withholding tax where applicable.  The dividend will be payable on 31 May 2000
to stockholders on the register at close of business on 5 May 2000.  The
register will remain closed on 5 May 2000.

BY ORDER OF THE BOARD

M C PERKINS
CHAIRMAN



NAIROBI
3 APRIL 2000