Cautionary Statement

Meikles Africa Ld
21 August 2007

   MEIKLES AFRICA LIMITED / KINGDOM FINANCIAL HOLDINGS LIMITED / TANGANDA TEA
                                COMPANY LIMITED


                              CAUTIONARY STATEMENT


Further to the Cautionary Statements issued by Meikles Africa Limited (Meikles),
Kingdom Financial Holdings Limited (Kingdom) and Tanganda Tea Company Limited
(Tanganda) on 31 July 2007, pertaining to a 'Scheme of Arrangement' of the
shareholders of Meikles, Kingdom, Tanganda and Cotton Printers (Private)
Limited, shareholders are advised that negotiations are progressing well.
Professional advisors have been appointed to prepare all documentation required
by shareholders and regulatory authorities.



Assuming that all regulatory requirements are met and that negotiations are
successfully concluded, the intention is that the name of the new consolidated
entity will be Kingdom Meikles Africa Limited (KMAL), the Chairman will be John
Moxon, and the Chief Executive Officer will be Nigel Chanakira.



With the need to keep shareholders informed of the rationale for the proposed
consolidation, and in order to minimize speculation by the media, it can be
disclosed that the following objectives will be achieved as a result of a
successful consolidation:



  • The 'Scheme of Arrangement' will provide the critical mass which will
    allow KMAL to raise international capital.



  • The foreign currency generated by the enlarged Group will be more
    effectively used in projects which will include:



      • The fulfilment of Tanganda's capital investment/expansion plans.
      • The facilitation of Kingdom's regional development.
      • The multi-million  dollar expansion of Victoria Falls Hotel and the
        refashioning of Meikles Hotel.



  • With a Group cash positive position, former Tanganda shareholders will be
    able to enjoy dividends, payment of which has not been possible for some
    years.



  • The performance of the enlarged Group will result in efficiencies which
    will reduce costs, motivate expansion and enhance profits to a level higher
    than the sum of the individual components to all stakeholders.



  • The new Group will utilise its enhanced resource base to create synergies
    within the Group treasuries and to strengthen customer and supplier
    relationships.



Court applications to sanction the calling of Scheme meetings will shortly be
made.  Once court sanctions have been granted, 'Scheme of Arrangement' documents
and appropriate notices will be sent to shareholders.



In light of the above, shareholders are advised to exercise caution when dealing
with their shares.  Shareholders will be kept informed on the progress of
negotiations.


BY ORDER OF THE BOARDS


A P LANE-MITCHELL              F S MAFUNGA                   S E MAGOMBEDZE
FOR THE SECRETARIES            FOR THE SECRETARIES           FOR THE SECRETARIES

MEIKLES AFRICA                 KINGDOM FINANCIAL             TANGANDA TEA
LIMITED                        HOLDINGS LIMITED              COMPANY LIMITED




                      This information is provided by RNS
            The company news service from the London Stock Exchange