/ 12 May 2000

AFRICAN HARVEST POSTS EXCELLENT RESULTS

EMPOWERMENT company African Harvest posted excellent results for the six months to March 31. Headline and attributable earnings per share on a pro forma basis grew by 36% from 14 cents to 19 cents. CEO Leon Campher said the results are very pleasing. He noted that because of the capital reduction of R5 per share in December last year, the results for the period under review are not comparable to the previous interim results. Despite this R1.4 billion payment to shareholders, the group’s total assets exceeded R1 billion at the end of March.