Re: Holding in Company

Kenmare Resources PLC
18 October 2004

Kenmare Resources plc



18th October 2004



A letter from Eagle Star Life Assurance Company of Ireland Limited dated 08th
October 2004 to Kenmare Resources plc, received by Kenmare Resources plc on the
15th October 2004.



Re: Disclosure of Interest in Ordinary Shares of Kenmare Resources Plc.



I wish to update you of the extent of the combined interests of Companies in the
Zurich Financial Services Group (which includes Eagle Star Life Assurance
Company of Ireland Limited) in the issued ordinary shares and warrants of
Kenmare Resources Plc.  We understand that there are 579,288,545 ordinary shares
and 72,716,992 warrants of Kenmare Resources Plc in issue at 30th September
2004.



I wish to confirm that at the 30th September 2004, the combined shareholdings of
entities in the Zurich Financial Services Group Plc. amounts to 19,130,000
ordinary Shares and 4,731,250 warrants in Kenmare Resources plc and this amounts
to 3.302% of the Issued Ordinary Share Capital and 6.506% of Issued warrants.
The breakdown of the holdings are as follows;


Ordinary Shares            %                         Beneficial Owner           Held in Nominee Account
18,750,000                 3.237                     Allied Dunbar Assurance    Littledown Nominees
     380,000               0.065                     Eagle Star Life Assurance  Mole Nominees
                                                     Company of Ireland Ltd
19,130,000                 3.302




Warrants                   %                         Beneficial Owner           Held in Nominee Account
4,687,500                  6.446                     Allied Dunbar Assurance    Littledown Nominees
     43,750                0.060                     Eagle Star Life Assurance  Mole Nominees
                                                     Company of Ireland Ltd
4,731,250                  6.506





If you have any queries, please contact Ken Spillane (Investment Accountant) @
01-2092327





Patrick Coyle

Director & Company Secretary


Eagle Star Life Assurance Company of Ireland Ltd



Anthony Brennan

Compliance Officer

Eagle Star Life Assurance Company of Ireland Ltd









This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange














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