


                            CADIZ INC.

FOR IMMEDIATE RELEASE:                  CONTACT:
- ----------------------                  --------

July 10, 2002                           Stan Speer
                                        Chief Financial Officer
                                        (310) 899-4700


             CADIZ AND KADCO REAFFIRM PARTNERSHIP
SUN WORLD/KADCO COMBINATION WILL NOT BE CONSUMMATED AT THIS TIME

     Santa Monica, CA - Under a project management agreement
established in 1999, Sun World International, Inc., the wholly-
owned subsidiary of Cadiz Inc. (Nasdaq: CLCI) continues to manage
the development of up to 100,000 acres of agricultural land on
behalf of Kingdom Agricultural Development Company (KADCO), a
private Egyptian company, at KADCO's Tushka project in southern
Egypt.  As part of its compensation under the project management
agreement, Sun World has earned and will continue to earn an
equity interest in KADCO. In January 2002, Cadiz and KADCO
announced an agreement in principle to combine the businesses of
KADCO and Sun World.  Due to technical reasons, the parties have
mutually and amicably decided not to consummate the combination at
this time.  The parties look forward to continuing their joint
activities in the region.

     "Sun World's performance to date and our outlook for the
balance of the year is very positive," said Keith Brackpool,
chairman and chief executive officer of Cadiz.  "While it was not
in the best interest of the Company to complete the proposed
transaction at this time, we believe Sun World's strong underlying
cash flow, together with the positive contributions from both its
new product development and licensing programs provide several
alternative avenues to provide the best value to shareholders."

     Founded in 1983, Cadiz is a publicly-held water development
and agricultural resources firm.  With Sun World, Cadiz is one of
the largest vertically integrated agricultural companies in
California and owns significant landholdings with substantial
water resources throughout California.



This release contains forward-looking statements that are subject
to significant risks and uncertainties, including statements
related to the future operating and financial performance of Cadiz
and Sun World.  Although Cadiz believes that the expectations
reflected in its forward-looking statements are reasonable; it can
give no assurance that such expectations will prove to be correct.
Factors that could cause actual results or events to differ
materially from those reflected in the Company's forward-looking
statements include price and yield fluctuations in the
agricultural operations, seasonality, and other factors and
considerations detailed in Cadiz' Securities and Exchange
Commission filings.

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