Holding(s) in Company

Kenmare Resources PLC
14 May 2002

Kenmare Resources Plc

14 May 2002

Re: Holding in Company

A Letter from Gartmore Investment Management Plc dated 9 May 2002 to Kenmare
Resources Plc, received by Kenmare Resources Plc 13 May 2002.


We, Gartmore Investment Limited (GIL), Gartmore Fund Managers Limited (GFM) and
Gartmore Global Partners (GGP) write to advise you pursuant to Section 67 of the
Irish Companies Act 1990, that we have decreased our reportable interest in your
company by virtue of an amendment to the issued share capital.

1.      This notification relates to the ordinary EUR0.06 share capital of
Kenmare Resources Plc.

2.      The identities of the beneficial holders of these shares and the number
of shares held by each holder, so far as is known at the date of this
notification, are shown on the attached schedule.

3.      The percentages quoted on the attached schedule are based on your new
issued share capital of 261,819,123 shares, as advised to us by Extel Financial
Limited


Alan Buddles
Head of Restrictions and Disclosures Unit
Gartmore Investment Management Plc


Security: 0487948   Kenmare Resources   Ord EUR0.06


Fund            Number of    Issued Share    % of Issue Fund   Beneficial Owner
                Shares Held  Capital         Capital
Managing Co.

Gartmore Fund   5,924,286                    2.26%      56690  Gartmore UK & Irish Smaller
Managers                                                       Companies Fund
Limited
                5,924,286                    2.26%


Gartmore        7,150,000                    2.73%      56550  Gartmore Irish Growth Fund
Investment
Limited

Gartmore        5,661,798                    2.16%      56640  Gartmore Growth
Investment                                                     Opportunities Plc
Limited

Gartmore        2,705,714                    1.03%      GAGIG  Gartmore Absolute Grwoth
Investment                                                     and Income Trust Plc
Limited                                                        (Growth)
                15,517,512                   5.93%

                21,441,798   261,819,123     8.19%



This announcement has been issued through the Companies Announcement Service of
                           the Irish Stock Exchange.


                      This information is provided by RNS
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