BUSH BOAKE ALLEN REPORTS FOURTH QUARTER EARNINGS OF $.34 PER SHARE, A 10% INCREASE -- FULL YEAR 1995 EARNINGS RISE 19% TO $1.58.

MONTVALE, NJ--(BUSINESS WIRE)--January 17, 1996--Bush Boake Allen Inc., (NYSE: BOA) today announced fourth quarter earnings of $.34 per share, an increase of 10% above the $.31 earned in 1994's fourth quarter. Net Income was $6,599,000 compared to $5,954,000 in the same period last year. Net Sales in the fourth quarter increased 9% to $107,677,000 from $98,574,000 in 1994's fourth quarter.

For the full year 1995 the company earned $1.58 per share compared to $1.33 in 1994, an increase of 19%. Net Income in 1995 increased to $30,446,000 from $25,543,000 the prior year. Net Sales for 1995 were $424,616,000 compared to $374,991,000 in 1994, a 13% increase.

Julian W. Boyden, Bush Boake Allen's president and chief executive officer commented that "in spite of a more competitive pricing environment that contributed to somewhat mixed results in the fourth quarter, overall, 1995 was another year of growth and significant progress for BBA."

Company operating income advanced 13% during the quarter. This growth was spurred by solid flavor and fragrance operations in Europe and Asia Pacific as the latter Region regained its earnings momentum. In the Americas, strong growth in the company's seasonings operations as well as in Latin America and the Caribbean helped counterbalance some softness in the U.S. fragrance business resulting from customer consolidation. In the company's International Region, strong sales in Turkey and Eastern Europe could not make up for weakness in India and South Africa. As a result, fourth quarter sales in that Region were flat and operating income declined.

Mr. Boyden also noted that "our aroma chemical business continued its growth in the fourth quarter with our plants running close to capacity. And although turpentine prices nearly doubled over the past year, the rate of turpentine price increases began to moderate at year end."

Mr. Boyden went on to say that "our business has continued to expand throughout the world. Looking at 1995 as a whole we experienced double digit growth in our global flavor and fragrance business and in each of our geographic regions. We have actively pursued a balanced program of investing for growth and at this time we believe the fundamentals of BBA's business continue to be sound."

Bush Boake Allen, which conducts operations on six continents, has locations in 40 countries worldwide. The company supplies flavors and fragrances to the world's leading consumer products companies for use in foods, beverages, cosmetics, toiletries, personal care items and related products. Its aroma chemicals, natural extracts and essential oils serve as raw materials for a wide range of compounded flavors and fragrances. -0-

                           BUSH BOAKE ALLEN
                    Comparative Summary of Income
                             (Unaudited)

                             Fourth Quarter Ended
                                 December 25,             Percent
                            1995             1994         Change
Net Sales                $107,677,000     $ 98,574,000      9.2%
Income from operations     10,764,000        9,498,000     13.3%
Income before taxes         9,844,000        8,187,000     20.2%
Net income               $  6,599,000     $  5,954,000     10.8%
Earnings per share       $       0.34     $       0.31      9.7%
Weighted average shares
  outstanding              19,215,626       19,215,000

                                  Year Ended
                                 December 25,             Percent
                            1995             1994         Change
Net Sales                $424,616,000     $374,991,000     13.2%
Income from operations     50,197,000       41,758,000     20.2%
Income before taxes        46,918,000       38,044,000     23.3%
Net income               $ 30,446,000     $ 25,543,000     19.2%
Earnings per share       $       1.58     $       1.33(a)  18.8%
Weighted average shares
  outstanding              19,215,156       19,215,000(a)
-0-

(a) Pro forma

CONTACT: Fred W. Brown, 201/782-3363

or

Stewart J. Phelps, 201/782-3372