Holding in Company

Kenmare Resources PLC
16 March 2001

Kenmare Resources Plc

16 March 2001

Re: Holding In Company

A letter from Capital Group Companies to Kenmare Resources Plc dated 12th
March 2001, received by Kenmare Reources Plc 15th March 2001.


                          NOTIFICATION OF INTERESTS

                       (Section 67 Companies Act 1990)

This Notice is given by The Capital Group Companies, Inc. on behalf of its
affiliates, including Capital Research and Management Company, pursuant to
Section 67 of the Companies Act, 1990.

The interest in the relevant share capital indicated below arises by virtue of
holdings attributed to the companies (see Schedule A). These holdings form
part of funds managed on behalf of investment clients by the Companies.

Share capital to which this relates:

Ordinary Shares

Number of shares in which the Companies have a notifiable interest:

8,750,000 Ordinary Shares

Name (s) of registered holder (s)

See Schedule B


                                  SCHEDULE B

                Schedule of holdings in Kenmare Resources plc

                             As of 12 March 2001


Registered Name

Bank of Ireland

Intl Financial Services Center

1 Harbourmaster Place

Dublin 1

Local Shares

8,750,000

Total

8,750,000


                                  SCHEDULE A




As of 12 March 2001

Kenmare Resources Plc

The Capital Group Companies, Inc. ('CG') holdings

Number of Shares 8,750,000

Percent of Outstanding 4.61%



Holdings by CG Management Companies and Fund:

Capital Research and Management Company

Number of Shares 8,750,000

Percent of Outstanding 4.61%

American Variable Insurance Series - Global Small Capital:

Number of Shares 8,750,000

Percent of Outstanding 4.61%