Holding(s) in Company

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| TR-1[i]:               notification of major interests in shares |
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| 1. Identity of the issuer or the        |  Kenmare Resources Plc  |
| underlying issuer of existing shares to |                         |
| which voting rights are attached[ii]:   |                         |
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| 2. Reason for the notification     (please tick the appropriate   |
| box or boxes)                                                     |
|-------------------------------------------------------------------|
| An acquisition or disposal of voting rights              |   X    |
|----------------------------------------------------------+--------|
| An acquisition or disposal of financial instruments      |        |
| which may result in the acquisition of shares already    |        |
| issued to which voting rights are attached               |        |
|----------------------------------------------------------+--------|
| An event changing the breakdown of voting rights         |        |
|----------------------------------------------------------+--------|
| Other (please specify):                                  |        |
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| 3. Full name of person(s) subject to    | M&G Investment Funds 3  |
| the notification obligation[iii]:       |                         |
|-----------------------------------------+-------------------------|
| 4. Full name of shareholder(s) (if      |  Nortrust Nominee Ltd   |
| different from 3.)[iv]:                 |        A/C MKK01        |
|                                         |                         |
|-----------------------------------------+-------------------------|
| 5. Date of the transaction (and date on |     29 January 2009     |
| which the threshold is crossed or       |                         |
| reached if different)[v]:               |                         |
|-----------------------------------------+-------------------------|
| 6. Date on which issuer notified:       |     30 January 2009     |
|-----------------------------------------+-------------------------|
| 7. Threshold(s) that is/are crossed or  |       11% to 12%        |
| reached:                                |                         |
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| 8. Notified details:                                              |
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+-------------------------------------------------------------------------------------------------+
|A: Voting rights attached to shares                                                              |
|-------------------------------------------------------------------------------------------------|
|Class/type of    |Situation previous to the|Resulting situation after the triggering             |
|shares           |Triggering transaction   |transaction[vii]                                     |
|(if possible     |[vi]                     |                                                     |
|using the ISIN   |-------------------------+-----------------------------------------------------|
|CODE)            | Number of  | Number of  |Number of |Number of voting rights|% of voting rights|
|                 |   Shares   |   Voting   |  shares  |          ix           |                  |
|                 |            |Rights viii |----------+-----------------------+------------------|
|                 |            |            |  Direct  | Direct  x  | Indirect | Direct |Indirect |
|                 |            |            |          |            |    xi    |        |         |
|-----------------+------------+------------+----------+------------+----------+--------+---------|
|IE0004879486     |94,508,370  |94,508,370  |95,709,707|95,709,707  |          |12.03%  |         |
+-------------------------------------------------------------------------------------------------+



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| B: Financial Instruments                                          |
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| Resulting situation after the triggering transaction xii          |
|-------------------------------------------------------------------|
|  Type of   | Expiration |  Exercise/   |    Number of    |  % of  |
| financial  | date xiii  | Conversion   |  voting rights  | voting |
| instrument |            | Period/ Date |   that may be   | rights |
|            |            |     xiv      | acquired if the |        |
|            |            |              |  instrument is  |        |
|            |            |              |   exercised/    |        |
|            |            |              |   converted.    |        |
|------------+------------+--------------+-----------------+--------|
|    N/A     | N/A        |     N/A      | N/A             | N/A    |
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+----------------------------------------------+
| Total (A+B)                                  |
|----------------------------------------------|
| Number of voting rights | % of voting rights |
|-------------------------+--------------------|
| 95,709,707              | 12.03%             |
+----------------------------------------------+







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| 9. Chain of controlled undertakings through which the voting      |
| rights and/or the financial instruments are effectively held, if  |
| applicable xv:                                                    |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| Proxy Voting:                                                     |
|-------------------------------------------------------------------|
| 10. Name of the proxy holder:               | N/A                 |
|---------------------------------------------+---------------------|
| 11. Number of voting rights proxy holder    | N/A                 |
| will cease to hold:                         |                     |
|---------------------------------------------+---------------------|
| 12. Date on which proxy holder will cease   | N/A                 |
| to hold voting rights:                      |                     |
|-------------------------------------------------------------------|
| 13. Additional       | With reference to item 3, M&G Investments  |
| information:         | Funds 3 is an Open Ended Investment        |
|                      | Company (OEIC) and is not a Prudential     |
|                      | group company and must be separately       |
|                      | disclosed.                                 |
|                      | This OEIC Fund is managed by M&G           |
|                      | Investment Management Limited (a wholly    |
|                      | owned subsidiary of Prudential plc) and    |
|                      | will have been previously attributed to    |
|                      | Prudential plc solely on the basis that    |
|                      | M&G Investment Management Ltd has direct   |
|                      | fund management control over the shares    |
|                      | identified in this notification.           |
|----------------------+--------------------------------------------|
| 14. Contact name:    | Dipesh Varsani                             |
|                      | M&G Investment Management Limited          |
|----------------------+--------------------------------------------|
| 15. Contact          | 020 7548 3261                              |
| telephone number:    |                                            |
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