KEN Kendrick Resources Plc

RNS No 123a
KENWOOD APPLIANCES PLC
12th January 1999


                    KENWOOD APPLIANCES plc
                        ("the Company")

The Company was advised yesterday, (11th January 1999) by Schroder Investment
Management Limited of the following:

"KENWOOD APPLIANCES PLC .
l0p ORDINARY SHARES ("SHARES")

"Schroder Investment Management Limited have an interest in 5,222,278 shares
which are held in portfolios managed by them on a discretionary basis for 
clients under investment management agreements.

"Included in this figure are:-

(i)   1,095,975 shares registered or to be registered in the name of a 
      wholly-owned subsidiary nominee company, Schroder Nominees Limited,

(ii)  3,932,553 shares held in (a) unit trust(s) operated and managed by 
      another wholly-owned subsidiary, Schroder Unit Trusts Limited (SUTL), and
      registered or to be registered in the name of Popeshead Nominees Limited,
      and

(iii) 193,750 shares registered or to be registered in the name of Nortrust
      Nominees Limited,

They believe that they and their subsidiary companies are therefore interested 
in an overall aggregate of 5,222,278 shares, representing some 11.387% of the
total number of shares in issue, namely 45,860,008 shares.

This notification is made:

(a)   in respect of their interest as investment managers and also by 
      virtue of the fact that they are the parent company of SUTL,

(b)   on behalf of SUTL in relation to the interests it is treated as having 
      under the Companies Act 1985 (the Act), and

(c)   on behalf of Schroders plc., their holding company, which is treated as 
      having an interest in all of the above shares under the Act by virtue of 
      its ownership of Schroder Investment Management Limited".


END

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