Take up of Warrant Offer

Kenmare Resources plc ("Kenmare" or "the Company") Announcement

9th January 2008
                    RE : Take up of Warrant Offer


Kenmare is pleased to announce that warrants to subscribe for
45,340,929 Ordinary Shares of ¤0.06c in the share capital of the
Company have been exercised pursuant to a special resolution approved
by warrantholders on 23 November 2007. This represents an uptake of
60.8% of the warrants eligible for exercise at an exercise price of
Stg17p. The proceeds raised amounts to approximately Stg£ 7.7
million.

Application has been made to the Irish Stock Exchange and the UK
Listing Authority for the new Ordinary Shares to be admitted to,
respectively, the Official List of the Irish Stock Exchange and the
Official List of the UK Listing Authority and to the London Stock
Exchange for the new shares to be admitted to trading. The new
Ordinary Shares rank pari passu in all respects with the existing
Ordinary Shares.


For further information:



Tony McCluskey
Financial Director
Ph. [phone]
Mob. [phone]

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