Notification of Interests

Ormonde Mining PLC
06 January 2004

                 Ormonde Mining plc ("Ormonde Mining" or "the Company")

                           Notification of Interests

Further to a letter received by the Company dated 18 December, 2003, Ormonde
Mining has been advised that Gartmore Investment Limited, Gartmore Fund Managers
Limited and Gartmore Global Partners have increased their reportable interests
in the share capital of the Company under section 67 of the Companies Act, 1990
of Ireland by virtue of a purchase of 1,000,000 Ordinary Shares of nominal value
€0.025 each on 16 December, 2003.

Following this purchase the respective interests are as follows:

  Fund Managing Co             Beneficial Owner             Number of Ordinary Shares   % of Issued Ordinary Share    
                                                                                        Capital (107,911,480)         

  Gartmore Fund Managers       Gartmore Fund Managers Ltd   1,100,000                   1.02                          
  Limited                      A/C Gartmore UK & Irish                                                                
                               Smaller Companies Strategy                                                             
                               Fund                                                                                   

  Gartmore Investment          Gartmore Absolute Growth     1,000,000                   0.93                          
  Limited                      and Income Trust plc                                                                   
                               (Growth)                                                                               

  Gartmore Investment          Gartmore Irish Growth Fund   4,200,000                   3.89                          
  Limited                      plc                                                                                    

  Total                                                     6,300,000                   5.84                          
 


6 January, 2004


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