Publication of Documentation

Kenmare Resources PLC 21 June 2004 KENMARE RESOURCES PLC ('Kenmare' or 'the Company') PUBLICATION OF PLACING AND OPEN OFFER DOCUMENTATION OPEN OFFER TIMETABLE Further to the announcement made on Friday, 18 June, 2004, Kenmare is pleased to announce that the document relating to the Company's proposed Placing and Open Offer and convening an Extraordinary General Meeting of the Company for 11.00 a.m. on 14 July, 2004 ('Listing Particulars') is being published and posted to Shareholders today. Kenmare also confirms that application has been made to the Irish Stock Exchange and the UK Listing Authority for in aggregate 331,468,222 New Ordinary Shares and 82,867,055 New Warrants to be admitted to the Official List of the Irish Stock Exchange and the Official List of the UK Listing Authority and application has been made to the Irish Stock Exchange and the London Stock Exchange for such New Ordinary Shares and New Warrants to be admitted to trading on their respective main markets for listed securities. It is expected, subject to the fulfilment of certain conditions as set out in the Listing Particulars, that admission of the New Ordinary Shares and New Warrants to the Official Lists will become effective and that dealings therein will commence on 15 July, 2004 (in the case of the Placing Shares and related New Warrants), and on 23 July, 2004 (in the case of the Open Offer Shares and related New Warrants). Document Availability A copy of the Listing Particulars will be submitted to the Irish Stock Exchange and the UK Listing Authority and will shortly be available for inspection at the following locations: Company Announcements Office, The Irish Stock Exchange, 28 Anglesea Street, Dublin 2, Ireland. Tel: + 353 1 617 4200 Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS, United Kingdom. Tel: + 44 207 066 1000 Placing and Open Offer Timetable A timetable of the expected dates in relation to the Placing and Open Offer is set out at the end of this announcement. Terms defined in the Listing Particulars have the same meaning in this announcement. For further information: Kenmare Resources plc Michael Carvill Managing Director Tel: +353-1-671 0411 or +353-87-674 0110 Tony McCluskey Finance Director Tel: +353-1-671 0411 or +353-87-674 0346 Murray Consultants Conduit PR Ltd Tom Byrne Tel: +353 (1) 498 0300 or +353 (86) 810 4224 Leesa Peters Tel: + 44 207 936 9095 Mob: + 44 (0)781 215 9885 www.kenmareresources.com PLACING AND OPEN OFFER TIMETABLE The expected timetable in relation to the Placing and Open Offer is as set out below: Record Date for the Open Offer close of business on 16 June, 2004 Despatch of the Listing Particulars and of the Open Offer Application Forms 21 June, 2004 Latest time and date for splitting Application Forms (to satisfy bona fide market claims only) 3.00 p.m. on 8 July, 2004 Latest time and date for receipt of Forms of Proxy for the Extraordinary General Meeting 11.00 a.m. on 12 July, 2004 Latest time and date for receipt of completed application Forms and payment in full under the Open Offer 3.00 p.m. on 12 July, 2004 Time and date of Extraordinary General Meeting 11.00 a.m. on 14 July, 2004 Admission of the Placing Shares and associated New Warrants to the Official Lists and commencement of dealing therein on the Irish Stock Exchange and the London Stock Exchange(1) (2) (3) 15 July, 2004 CREST accounts expected to be credited and definitive certificates expected to be despatched in respect of the Placing Shares and associated New Warrants no later than (1) (2) (3) 15 July, 2004 Admission of the Open Offer Shares and associated New Warrants to the Official Lists and commencement of dealing therein on the Irish Stock Exchange and the London Stock Exchange(1) (2) (3) 23 July, 2004 CREST accounts expected to be credited and definitive certificates expected to be despatched in respect of the Open Offer Shares and associated New Warrants no later than (1) (2) (3) 23 July, 2004 Notes (1) This is an expected date only and assumes that in aggregate Stg£53 million (or such lesser amount as provided for in the relevant condition) is raised under the Placing and Open Offer (and if necessary a Supplemental Placing). (2) These dates will be finalised upon fulfilment of the conditions as referred to in note (2). (3) Assumes approval of the relevant Resolutions to be proposed and considered at the Extraordinary General Meeting. (4) The dates set out in the timetable above may be adjusted by Kenmare, in which event details of new dates will be notified, via Regulatory Information Services, to the Irish Stock Exchange, the UK Listing Authority and the London Stock Exchange and, where appropriate to Qualifying Shareholders. 21 June, 2004 This information is provided by RNS The company news service from the London Stock Exchange
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