Report & Accounts Available

Raphael Zorn Hemsley Hldgs PLC
7 January 2000

Raphael Zorn Hemsley Holdings PLC ('RZHH')

Audited Report & Accounts

RZHH announces that copies of the audited report and accounts for the year ended
30 September 1999 are available from:

The Company Secretary
Raphael Zorn Hemsley Holdings PLC
Cheapside House
138 Cheapside
London  EC2V 6LH