Holding(s) in Company

Standard Form TR-1
Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the Central Bank of Ireland)i
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: Kenmare Resources Plc
2. Reason for the notification (please tick the appropriate box or boxes): [] An acquisition or disposal of voting rights [ ] An acquisition or disposal of financial instruments [X ] An event changing the breakdown of voting rights [ ] Other (please specify)iii:
3. Details of person subject to the notification obligationiv:
Name: African Acquisition Sarl		City and country of registered office (if applicable): 11, rue de la Porte Neuve, L-2227 Luxembourg, .C.S. Luxembourg: B 203 025
4. Full name of shareholder(s) (if different from 3.)v: N/A
5. Date on which the threshold was crossed or reachedvi: 28 July 2016
6. Date on which issuer notified: 28 July 2016
7. Threshold(s) that is/are crossed or reached: 30%
8. Total positions of person(s) subject to the notification obligation:
	% of voting rights attached to shares (total of 9.A)		% of voting rights through financial instruments (total of 9.B.1 + 9.B.2)	Total of both in % (9.A + 9.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	29.131%		0%	29.131%	29.131%
Position of previous notification (if applicable)	33.511%		0%	33.511%

9. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)	Number of voting rightsix					% of voting rights
	Direct			Indirect		Direct		Indirect
IE00BDC5DG00  Ordinary shares	31,928,480					29.131%
SUBTOTAL A	31,928,480					29.131%
B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
N/A		N/A	N/A			N/A			N/A
			SUBTOTAL B.1			N/A			N/A
B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations
Type of financial instrument	Expiration datex		Exercise/ Conversion Period xi		Physical or cash settlementxii		Number of voting rights			% of voting rights
N/A	N/A		N/A		N/A		N/A			N/A
					SUBTOTAL B.2		N/A			N/A

10. Information in relation to the person subject to the notification obligation (please tick the applicable box):   [ X ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii   [ ] Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv:
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
11. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]: N/A
12. Additional informationxvi:  N/A

Done at London, United Kingdom on 28 July 2016.

Standard Form TR-1
Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the Central Bank of Ireland)i
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: Kenmare Resources Plc
2. Reason for the notification (please tick the appropriate box or boxes): [X] An acquisition or disposal of voting rights [ ] An acquisition or disposal of financial instruments [ ] An event changing the breakdown of voting rights [ ] Other (please specify)iii:
3. Details of person subject to the notification obligationiv:
Name: African Acquisition Sarl		City and country of registered office (if applicable): 11, rue de la Porte Neuve, L-2227 Luxembourg, .C.S. Luxembourg: B 203 025
4. Full name of shareholder(s) (if different from 3.)v: N/A
5. Date on which the threshold was crossed or reachedvi: 26 July 2016
6. Date on which issuer notified: 27 July 2016
7. Threshold(s) that is/are crossed or reached: 33%
8. Total positions of person(s) subject to the notification obligation:
	% of voting rights attached to shares (total of 9.A)		% of voting rights through financial instruments (total of 9.B.1 + 9.B.2)	Total of both in % (9.A + 9.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	33.511%		0%	33.511%	33.511%
Position of previous notification (if applicable)	N/A		N/A	N/A

9. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)	Number of voting rightsix					% of voting rights
	Direct			Indirect		Direct		Indirect
IE00BDC5DG00  Ordinary shares	31,928,480					33.511%
SUBTOTAL A	31,928,480					33.511%
B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
N/A		N/A	N/A			N/A			N/A
			SUBTOTAL B.1			N/A			N/A
B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations
Type of financial instrument	Expiration datex		Exercise/ Conversion Period xi		Physical or cash settlementxii		Number of voting rights			% of voting rights
N/A	N/A		N/A		N/A		N/A			N/A
					SUBTOTAL B.2		N/A			N/A

10. Information in relation to the person subject to the notification obligation (please tick the applicable box):   [ X ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii   [ ] Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv:
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
11. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]: N/A
12. Additional informationxvi:  The Irish Takeover Panel has granted the State General Reserve Fund of the Sultanate of Oman ("SGRF") (of which African Acquisition Sarl is a wholly-owned subsidiary) a waiver permitting a temporary breach of the 30% threshold (the level at which a mandatory offer obligation arises under Rule 9 of the Irish Takeover Rules) without SGRF being required to make a mandatory offer. The waiver granted by the Irish Takeover Panel is subject to certain conditions as set out on page 58 of Kenmare Resources Plc's prospectus dated 1 July 2016.

Done at London, United Kingdom on 27 July 2016.

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kenmare Resources via Globenewswire

HUG#2031714