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Kenmare Resources (KMR)

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Tuesday 26 April, 2011

Kenmare Resources

Holding(s) in Company








+------------------------------------------------------------------------------+
|TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                               |
+------------------------------------------------------------------------------+

+----------------------------------------------+-------------------------------+
|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                          |   X    |
+---------------------------------------------------------------------+--------+
|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):                                              |        |
+--------------------------------------+------------------------------+--------+
|                                      |                                       |
|3. Full name of person(s) subject to  |                                       |
|the                                   |                          M&G          |
|notification obligation: iii          |Investment Funds 1                     |
|                                      |                                       |
|                                      |                                       |
+--------------------------------------+---------------------------------------+
|                                      |                                       |
|4. Full name of shareholder(s)        |                                       |
|(if different from 3.):iv             |    Nortrust Nominee Ltd A/C MEJ01     |
|                                      |                                       |
|                                      |                                       |
+--------------------------------------+---------------------------------------+
|5. Date of the transaction and date on|                                       |
|which the threshold is crossed or     |             20 April 2011             |
|reached: v                            |                                       |
+--------------------------------------+---------------------------------------+
|6. Date on which issuer notified:     |             21 April 2011             |
+--------------------------------------+---------------------------------------+
|7. Threshold(s) that is/are crossed or|                  3%                   |
|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   |Vo ing     +----------+----------+--------+------+--------+
|CODE        |         |Rights     |Direct    |Direct xi |Indirect|Direct|Indirect|
|            |         |           |          |          |xii     |      |        |
+------------+---------+-----------+----------+----------+--------+------+--------+
|IE0004879486|Below 3% | Below 3%  |77,043,733|77,043,733|        |3.20% |        |
+------------+---------+-----------+----------+----------+--------+------+--------+
|            |         |           |          |          |        |      |        |
+------------+---------+-----------+----------+----------+--------+------+--------+

+---------------------------------------------------------------------------------+
|B: Qualifying Financial Instruments                                              |
+---------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                             |
+--------------+----------+--------------------+--------------------+-------------+
|Type of       |Expiration|Exercise/           |Number of voting    |% of voting  |
|financial     |date xiii |Conversion Period   |rights that may be  |rights       |
|instrument    |          |xiv                 |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 voting    |% of voting   |
|financial    |price   |date xvii |Conversion |rights instrument   |rights xix, xx|
|instrument   |        |          |period     |refers to           |              |
|             |        |          |xviii      |                    |              |
+-------------+--------+----------+-----------+--------------------+-------+------+
|             |        |          |           |                    |Nominal|Delta |
|             |        |          |           |                    +-------+------+
|             |        |          |           |                    |       |      |
+-------------+--------+----------+-----------+--------------------+-------+------+

+---------------------------------------------------------------------------------+
|Total (A+B+C)                                                                    |
+-----------------------------------+---------------------------------------------+
|Number of voting rights            |Percentage of voting rights                  |
+-----------------------------------+---------------------------------------------+
|77,043,733                         |3.20%                                        |
+-----------------------------------+---------------------------------------------+

+------------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or the|
|financial instruments are effectively held, if applicable: xxi                |
+------------------------------------------------------------------------------+
|                                                                              |
+------------------------------------------------------------------------------+

+------------------------------------------------------------------------------+
|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 Investments Funds 1 is an Open Ended        |
|13. Additional information:  |Investment Company (OEIC) and is not a          |
|                             |Prudential group company and must be separately |
|                             |disclosed.                                      |
|                             |This OEIC Fund is managed by M&G Investment     |
|                             |Management Limited (a wholly owned subsidiary of|
|                             |Prudential plc) and will have been previously   |
|                             |attributed to Prudential plc solely on the basis|
|                             |that M&G Investment Management Ltd has direct   |
|                             |fund management control over the shares         |
|                             |identified in this notification.                |
|                             |Therefore the 3.20% holding being disclosed in  |
|                             |this notification is encompassed in the 19.03%  |
|                             |already disclosed under The Prudential plc group|
|                             |of companies on 25/11/2010 and is NOT in        |
|                             |addition to it.                                 |
|                             |                                                |
|                             |                                                |
+-----------------------------+------------------------------------------------+
|14. Contact name:            |Ryan Dowling / Mark Thomas                      |
|                             |M&G Investment Management Limited               |
+-----------------------------+------------------------------------------------+
|15. Contact telephone number:|020 7548 3261 / 020 7548 3266                   |
+-----------------------------+------------------------------------------------+







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Source: Kenmare Resources via Thomson Reuters ONE

[HUG#1508958]