RNS Number:6089A
Kenwood Appliances PLC



                           KENWOOD APPLIANCES PLC
                              ("the Company")


The Company received on 9th November 1999, the following notification.  This
notification was made by Mr Julian Treger, a Director of the Company.

Mr Treger is a possible beneficiary of the Treger Family Trust, which is the
owner of Restructuring Investors Limited ("RIL"). Accordingly Mr Treger, for 
the purposes of Section 324 of the Act, is deemed to be interested in RIL's
interest in shares mentioned in paragraph 8 below. RIL's interest in these 
shares was notified to the Company on 23rd February 1999 and the Company
notified the London Stock Exchange of such interests on 24th February 1999.

The Company has also been notified that the number of shares mentioned in
paragraph 3 below have altered from the numbers previously notified.

*Notification  of  interests under Section 198 and 205 Companies Act 1985 (as
Amended) ("the Act")

1   We hereby notify you of the interests of the various parties listed in
    paragraph 2 in the Ordinary Shares of 10p each of Kenwood Appliances plc 
    ("the Company").

2.  This notification relates to the following Parties:

    a)  UKAV Continuation Fund Inc. ("Continuation") whose registered
        office is at Craigmuir Chambers, P 0 Box 71, Road Town, Tortola,        
       British Virgin Islands.

    b)  UKAV Multifund Inc, ("Multifund") whose registered office is at
        Craigmuir Chambers, P 0 Box 71, Road Town, Tortola, British Virgin
        Islands.

    c)  Kalco Investments Limited ("Kalco") whose registered office is at
        Trident Chambers, Wickhams Cay, P 0 Box 146, Road Town, Tortola,
        British Virgin Islands.

    d)  Active Value Fund Managers Limited ("Manager") whose registered
        office is at Omar Hodge Building, Wickhams Cay. P 0 Box 362,
        Tortola, British Virgin Islands.

    e)  Restructuring Investors Limited whose registered office is at Akara
        Bldg, 24 De Castro Street, Wickham Cay, Road Town, Tortola, British
        Virgin Islands.

    f)  Madison Ventures Limited ("Madison") whose registered office is at
        Trident Chambers, P 0 Box 146, Road Town, Tortola, British Virgin
        Islands.

    g)  Madison Trust, c/o S.G.W, Trust Services Limited, Craigmuir Chambers, 
        P 0 Box 71, Road Town, Tortola, British Virgin Islands.

3.  The number of Ordinary Shares in which the following parties are
    interested are as follows:

                   Continuation          6,205,121
                   Multifund               119,879
                   Kalco                 1,620,000

4.  The registered holders of the Ordinary Shares, in the case of each of
    the parties mentioned in paragraph 3 above, are or will be as follows:

         (1) Continuation: Lloyds Bank (ID) Nominees Limited A/C 171911;
         (2) Multifund: Lloyds Bank (ID) Nominees Limited A/C 171911; and
         (3) Kalco: James Capel (Channel Islands) Nominees Limited.

5.  By virtue of being under common management Continuation, Multifund and
    Kalco (together the "Funds") may be considered to be parties to an
    arrangement of the type to which Section 204 of the Act applies.
    Accordingly and pursuant to such arrangement, the Funds are, in addition to 
   the interests disclosed in paragraph 3 above, interested in each other's     
  interests in shares.

6.  Although there is no formal agreement or arrangement between the Funds,
    it is likely that they will exercise their rights conferred by their
    interests in Ordinary Shares in conjunction with each other.

7.  By virtue of arrangements entered into between the Manager and Kalco,
    the Manager and Kalco may be considered to be parties to arrangements of
    the type to which section 204 of the Act applies. Accordingly and pursuant
    to such arrangements, the Manager is interested in Kalco's interests in
    Ordinary Shares.

8.  The Manager is jointly owned by RIL and Madison Ventures. By virtue
    of Section 203 (2) (b) of the Act, each of RIL and Madison Ventures is
    interested in the Manager's interests in shares mentioned in paragraph
    7 above.

9.  Madison Ventures is wholly owned by Madison Trust. By virtue of Section
    203 (2) (b) of the Act, Madison Trust Is interested In Madison Ventures'    
   interests in shares mentioned in paragraph 8 above

10. The interests in shares referred in this notification are not interests
    pursuant to Section 208(5) of the Act.

11. Please accept this letter as notification of the interests in the relevant
    share capital of the Company of each of the Continuation, Multifund, Kalco,
    the Manager, RIL, Madison Ventures and Madison Trust."

END







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