Holding in Company

Ormonde Mining PLC
24 May 2006

                                  24 May 2006



                       Ormonde Mining plc ("the Company")



                               Holding in Company



The Company was notified today that JPMorgan Chase & Co. holds 20,026,292 shares
in the Company representing 11.95 per cent of the issued share capital of the
Company.



ENDS







This announcement has been issued through the Companies Announcement Service of

                           The Irish Stock Exchange.




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