Holding in Company

Ormonde Mining PLC
30 September 2004

Ormonde Mining Plc



30 September 2004



Re: Holding in Company



A Letter from J.P. Morgan Securities Ltd dated 28 September 2004 to Ormonde
Mining Plc, received by Ormonde Mining 29 September 2004.



                               Ormonde Mining Plc

                     The Irish Companies Act, 1963 to 2001



On behalf of J.P. Morgan Chase & Co. ("JPMCC") of 270 Park Avenue New York NY
10017, we would like to advise that JPMCC total aggregate holding in the share
capital of Ormonde Mining Plc currently stands at 8.46%.  This is a result of
its subsidiary, J.P. Morgan Fleming Asset Management (UK) Limited, in its
capacity as discretionary investment manager for various funds (which includes
the discretion to exercise voting rights), increasing its interests in the
Company due to acceptance of a placing.  Details are as follows:



Total number of shares (% of share capital): 10,033,333 (8.46%)



Shoaib Shaikh

EMEA Surveillance

J.P. Morgan Securities Ltd



This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.




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