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Kenmare Resources (KMR)

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Tuesday 02 February, 2010

Kenmare Resources

Holding(s) in Company









+------------------------------------------------------------------------------+
|TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)                             |
+----------------------------------------------+-------------------------------+
                                               |
+----------------------------------------------+-------------------------------+
|1. Identity of the issuer or the underlying   |                               |
|issuer                                        |     Kenmare Resources Plc     |
|of existing shares to which voting rights are |                               |
|attached: (ii)                                |                               |
+----------------------------------------------+-------------------------------+
|2 Reason for the notification (please tick the appropriate box or boxes):     |
+----------------------------------------------------------------------------+-+
|An acquisition or disposal of voting rights                                 | |
+----------------------------------------------------------------------------+-+
|An acquisition or disposal of qualifying financial instruments which may    | |
|result in the acquisition of shares already issued to which voting rights   | |
|are attached                                                                | |
+----------------------------------------------------------------------------+-+
|An acquisition or disposal of instruments with similar economic effect to   | |
|qualifying financial instruments                                            | |
+----------------------------------------------------------------------------+-+
|An event changing the breakdown of voting rights                            | |
+-----------------------+----------------------------------------------------+-+
|Other (please specify):|Update to Total Voting Rights triggered this        |X|
|                       |notification.                                       | |
+-----------------------+--------------+-------------------------------------+-+
|3. Full name of person(s) subject to  |                                       |
|the                                   |   Prudential plc group of companies   |
|notification obligation: (iii)        |                                       |
+--------------------------------------+---------------------------------------+
|4. Full name of shareholder(s)        |         See attached schedule         |
| (if different from 3.):(iv)          |                                       |
+--------------------------------------+---------------------------------------+
|5. Date of the transaction and date on|                                       |
|which the threshold is crossed or     |            29 January 2010            |
|reached: (v)                          |                                       |
+--------------------------------------+---------------------------------------+
|6. Date on which issuer notified:     |           01 February 2010            |
+--------------------------------------+---------------------------------------+
|7. Threshold(s) that is/are crossed or|              See item 13              |
|reached:(vi, vii)                     |                                       |
+-----------------------+--------------+-------+-----------------------------+-+
                        |              |       |                             |



+--------------------------------------------------------------------------------------+
|8. Notified details:                                                                  |
+--------------------------------------------------------------------------------------+
|A: Voting rights attached to shares (viii, ix)                                        |
+------------+-----------------------+-------------------------------------------------+
|Class/type  |Situation previous     |Resulting situation after the triggering         |
|of          |to the triggering      |transaction                                      |
|shares      |transaction            |                                                 |
|            +-----------+-----------+------------+--------------------+---------------+
|if possible |Number     |Number     |Number      |Number of voting    |% of  voting   |
|using       |of         |of         |of shares   |rights              |rights (x)     |
|the ISIN    |  ares     | oting     +------------+-----------+--------+------+--------+
|CODE        |           |Rights     |Direct      |Direct (xi)|Indirect|Direct|Indirect|
|            |           |           |            |           |(xii)   |      |        |
+------------+-----------+-----------+------------+-----------+--------+------+--------+
|IE0004879486|165,694,896|165,694,896|165,694,896 |165,694,896|        |18.28%|        |
+------------+-----------+-----------+------------+-----------+--------+------+--------+
|            |           |           |            |           |        |      |        |
+------------+-----------+-----------+------------+-----------+--------+------+--------+

+--------------------------------------------------------------------------------------+
|B: Qualifying Financial Instruments                                                   |
+--------------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                                  |
+--------------+----------+----------------------+--------------+----------------------+
|Type of       |Expiration|Exercise/             |Number of     |% of voting           |
|financial     |date(xiii)|Conversion Period(xiv)|voting        |rights                |
|instrument    |          |                      |rights that   |                      |
|              |          |                      |may be        |                      |
|              |          |                      |acquired if   |                      |
|              |          |                      |the           |                      |
|              |          |                      |instrument is |                      |
|              |          |                      |exercised/    |                      |
|              |          |                      |converted.    |                      |
+--------------+----------+----------------------+--------------+----------------------+
|              |          |                      |              |                      |
+--------------+----------+----------------------+--------------+----------------------+

+--------------------------------------------------------------------------------------+
|C: Financial Instruments with similar economic effect to Qualifying Financial         |
|Instruments (xv, xvi)                                                                 |
+--------------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                                  |
+-------------+--------+----------+-------------+--------------+-----------------------+
|Type of      |Exercise|Expiration|Exercise/    |Number of     |% of voting rights     |
|financial    |price   |date      |Conversion   |voting rights |(xix, xx)              |
|instrument   |        |(xvii)    |period(xviii)|instrument    |                       |
|             |        |          |             |refers to     |                       |
|             |        |          |             |              |                       |
+-------------+--------+----------+-------------+--------------+--------+--------------+
|             |        |          |             |              |Nominal |Delta         |
|             |        |          |             |              +--------+--------------+
|             |        |          |             |              |        |              |
+-------------+--------+----------+-------------+--------------+--------+--------------+

+--------------------------------------------------------------------------------------+
|Total (A+B+C)                                                                         |
+-------------------------------------+------------------------------------------------+
|Number of voting rights              |Percentage of voting rights                     |
+-------------------------------------+------------------------------------------------+
|165,694,896                          |18.28%                                          |
+------------+++-------+-++-------+--++---------+++-----------+++------++-----+--------+
             |||       | ||       |  ||         |||           |||      ||     |

+------------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or the|
|financial instruments are effectively held, if applicable:(xxi)               |
+------------------------------------------------------------------------------+
|Prudential plc (parent Company)                                               |
|M&G Group Limited (wholly owned subsidiary of Prudential plc)                 |
|M&G Limited (wholly owned subsidiary of M&G Group Limited)                    |
|M&G Investment Management Limited (wholly owned subsidiary of M&G Limited)    |
|M&G Securities Limited (wholly owned subsidiary of M&G Limited)               |
|                                                                              |
+------------------------------------------------------------------------------+

+------------------------------------------------------------------------------+
|Proxy Voting:                                                                 |
+-----------------------------------------------+------------------------------+
|10. Name of the proxy holder:                  |             N/A              |
+-----------------------------------------------+------------------------------+
|11. Number of voting rights proxy holder will  |                              |
|cease                                          |             N/A              |
|to hold:                                       |                              |
+-----------------------------------------------+------------------------------+
|12. Date on which proxy holder will cease to   |                              |
|hold                                           |             N/A              |
|voting rights:                                 |                              |
+-----------------------------------------------+------------------------------+

+-----------------------------+------------------------------------------------+
|                             |M&G Securities Limited (wholly owned subsidiary |
|13. Additional information:  |of M&G Limited) has moved below a 16% notifiable|
|                             |interest triggering this notification.          |
+-----------------------------+------------------------------------------------+
|14. Contact name:            |Dipesh Varsani / Mark Thomas                    |
|                             |M&G Investment Management Limited               |
+-----------------------------+------------------------------------------------+
|15. Contact telephone number:|020 7548 3261 / 020 7548 3266                   |
+-----------------------------+-----------------+------------------------------+
                              |                 |



Notifiable Position Report for Kenmare Resources Ord Eur0.06

                           as at the 29 January 2010



Percentage holdings are calculated using an issued share capital of 906,097,146
ORD EUR0.06 shares



+--------------------+-------------------+-----------+-----+-------------------+
|                    |Registered Holder  |Holding    |%    |                   |
+--------------------+-------------------+-----------+-----+-------------------+
|Prudential plc      |                   |165,694,896|18.28|Total Notifiable   |
|                    |                   |           |     |Interest           |
+--------------------+-------------------+-----------+-----+-------------------+
|                    |PRUCLT HSBC GIS    |22,984,626 |     |                   |
|                    |NOM(UK) PPL AC     |           |     |                   |
+--------------------+-------------------+-----------+-----+-------------------+
|                    |NORTRUST NOMS LTD  |26,802,353 |     |                   |
|                    |A/C MEJ01          |           |     |                   |
+--------------------+-------------------+-----------+-----+-------------------+
|                    |HSBC SEOUL GL      |12,851     |     |                   |
|                    |BASICS MOTHER FD   |           |     |                   |
+--------------------+-------------------+-----------+-----+-------------------+
|                    |NORTRUST NOMINEE   |115,895,066|     |                   |
|                    |LTD A/C MKK01      |           |     |                   |
+--------------------+-------------------+-----------+-----+-------------------+
|M&G Group Limited   |                   |165,694,896|18.28|                   |
+--------------------+-------------------+-----------+-----+-------------------+
|                    |PRUCLT HSBC GIS    |22,984,626 |     |                   |
|                    |NOM(UK) PPL AC     |           |     |                   |
+--------------------+-------------------+-----------+-----+-------------------+
|                    |NORTRUST NOMS LTD  |26,802,353 |     |                   |
|                    |A/C MEJ01          |           |     |                   |
+--------------------+-------------------+-----------+-----+-------------------+
|                    |HSBC SEOUL GL      |12,851     |     |                   |
|                    |BASICS MOTHER FD   |           |     |                   |
+--------------------+-------------------+-----------+-----+-------------------+
|                    |NORTRUST NOMINEE   |115,895,066|     |                   |
|                    |LTD A/C MKK01      |           |     |                   |
+--------------------+-------------------+-----------+-----+-------------------+
|M&G Investment      |                   |165,694,896|18.28|                   |
|Management Limited  |                   |           |     |                   |
+--------------------+-------------------+-----------+-----+-------------------+
|                    |PRUCLT HSBC GIS    |22,984,626 |     |                   |
|                    |NOM(UK) PPL AC     |           |     |                   |
+--------------------+-------------------+-----------+-----+-------------------+
|                    |NORTRUST NOMS LTD  |26,802,353 |     |                   |
|                    |A/C MEJ01          |           |     |                   |
+--------------------+-------------------+-----------+-----+-------------------+
|                    |HSBC SEOUL GL      |12,851     |     |                   |
|                    |BASICS MOTHER FD   |           |     |                   |
+--------------------+-------------------+-----------+-----+-------------------+
|                    |NORTRUST NOMINEE   |115,895,066|     |                   |
|                    |LTD A/C MKK01      |           |     |                   |
+--------------------+-------------------+-----------+-----+-------------------+
|M&G Limited         |                   |165,694,896|18.28|                   |
+--------------------+-------------------+-----------+-----+-------------------+
|                    |PRUCLT HSBC GIS    |22,984,626 |     |                   |
|                    |NOM(UK) PPL AC     |           |     |                   |
+--------------------+-------------------+-----------+-----+-------------------+
|                    |NORTRUST NOMS LTD  |26,802,353 |     |                   |
|                    |A/C MEJ01          |           |     |                   |
+--------------------+-------------------+-----------+-----+-------------------+
|                    |HSBC SEOUL GL      |12,851     |     |                   |
|                    |BASICS MOTHER FD   |           |     |                   |
+--------------------+-------------------+-----------+-----+-------------------+
|                    |NORTRUST NOMINEE   |115,895,066|     |                   |
|                    |LTD A/C MKK01      |           |     |                   |
+--------------------+-------------------+-----------+-----+-------------------+
|M&G Securities      |                   |142,697,419|15.74|                   |
|Limited             |                   |           |     |                   |
+--------------------+-------------------+-----------+-----+-------------------+
|                    |NORTRUST NOMS LTD  |26,802,353 |     |                   |
|                    |A/C MEJ01          |           |     |                   |
+--------------------+-------------------+-----------+-----+-------------------+
|                    |NORTRUST NOMINEE   |115,895,066|     |                   |
|                    |LTD A/C MKK01      |           |     |                   |
+--------------------+-------------------+-----------+-----+-------------------+

END OF REPORT






[HUG#1379623]