Kenmare Resources : Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:ii		Kenmare Resources Plc
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): Fund Rationalisation Transfers				X
3. Full name of person(s) subject to the notification obligation:iii	Prudential plc group of companies
4. Full name of shareholder(s)  (if different from 3.):iv	See attached schedule
5. Date of the transaction and date on which the threshold is crossed or reached:v	17 February 2012
6. Date on which issuer notified:	20 February 2012
7. Threshold(s) that is/are crossed or reached: vi, vii	See item 13

8. Notified details:

A: Voting rights attached to sharesviii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

IE0004879486

480,655,197

480,655,197

480,655,197

467,028,162

13,627,035

19.38%

0.56%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

480,655,197

19.94%

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 to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A
13. Additional information:	Following Fund rationalisation transfers, M&G Securities Limited (wholly owned subsidiary of M&G Limited) has moved from a 18% to a 19% notifiable interest triggering this notification.
14. Contact name:	James Todd / Mark Thomas M&G Investment Management Limited
15. Contact telephone number:	020 7548 2293 / 020 7548 3266

Notifiable Position Report for Kenmare Resources

as at the 20 February 2012

Percentage holdings are calculated using 2,409,880,506 Total Voting Rights

	Registered Holder	Holding	Voting Rights	% Voting Rights
Prudential plc Holding Type: Direct			467,028,162	19.37	Total Notifiable Interest
	HSBC SEOUL GL BASICS MOTHER FD	13,827	13,827
	PRUCLT HSBC GIS NOM(UK) PPL AC	912,472	912,472
	STATE STREET NOMS LTD A/C GMBM	79,000,000	79,000,000
	STATE STREET NOMS LTD A/C GMIF	601,863	601,863
	STATE STREET NOMS LTD A/C GMIQ	376,500,000	376,500,000
	STATE STREET NOMS LTD A/C GML2	10,000,000	10,000,000
	Sub Total:	467,028,162	467,028,162
M&G Group Limited			467,028,162	19.37
	HSBC SEOUL GL BASICS MOTHER FD	13,827	13,827
	PRUCLT HSBC GIS NOM(UK) PPL AC	912,472	912,472
	STATE STREET NOMS LTD A/C GMBM	79,000,000	79,000,000
	STATE STREET NOMS LTD A/C GMIF	601,863	601,863
	STATE STREET NOMS LTD A/C GMIQ	376,500,000	376,500,000
	STATE STREET NOMS LTD A/C GML2	10,000,000	10,000,000
M&G Investment Management Limited			466,426,299	19.35
	HSBC SEOUL GL BASICS MOTHER FD	13,827	13,827
	PRUCLT HSBC GIS NOM(UK) PPL AC	912,472	912,472
	STATE STREET NOMS LTD A/C GMBM	79,000,000	79,000,000
	STATE STREET NOMS LTD A/C GMIQ	376,500,000	376,500,000
	STATE STREET NOMS LTD A/C GML2	10,000,000	10,000,000
M&G Limited			467,028,162	19.37
	HSBC SEOUL GL BASICS MOTHER FD	13,827	13,827
	PRUCLT HSBC GIS NOM(UK) PPL AC	912,472	912,472
	STATE STREET NOMS LTD A/C GMBM	79,000,000	79,000,000
	STATE STREET NOMS LTD A/C GMIF	601,863	601,863
	STATE STREET NOMS LTD A/C GMIQ	376,500,000	376,500,000
	STATE STREET NOMS LTD A/C GML2	10,000,000	10,000,000
M&G Securities Limited			466,101,863	19.34
	STATE STREET NOMS LTD A/C GMBM	79,000,000	79,000,000
	STATE STREET NOMS LTD A/C GMIF	601,863	601,863
	STATE STREET NOMS LTD A/C GMIQ	376,500,000	376,500,000
	STATE STREET NOMS LTD A/C GML2	10,000,000	10,000,000

                                                                                                                END OF REPORT

---

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Kenmare Resources via Thomson Reuters ONE

HUG#1587829