+------------------------------------------------------------------------------+
|TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) |
+----------------------------------------+-------------------------------------+
|
+----------------------------------------+-------------------------------------+
|1. Identity of the issuer or the | |
|underlying issuer | |
|of existing shares to which voting | Kenmare Resources Plc |
|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 |Update to Total Voting Rights | X |
|specify): |triggered this notification. | |
+------------------+-------------+------------------------+--------------------+
| | |
|3. Full name of person(s) | |
|subject to the | M&G Investment |
|notification obligation: (iii) |Funds 3 |
| | |
| | |
+--------------------------------+---------------------------------------------+
| | |
|4. Full name of shareholder(s) | |
| (if different from 3.):(iv) | Nortrust Nominee Ltd A/C MKK01 |
| | |
| | |
+--------------------------------+---------------------------------------------+
|5. Date of the transaction and | |
|date on | |
|which the threshold is crossed | 29 January 2010 |
|or | |
|reached: (v) | |
+--------------------------------+---------------------------------------------+
|6. Date on which issuer | 01 February 2010 |
|notified: | |
+--------------------------------+---------------------------------------------+
|7. Threshold(s) that is/are | |
|crossed or | 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 |% of voting |
|using |of |of |of shares |voting |rights (x) |
|the ISIN |Shares |Voting | |rights | |
|CODE | | ights +------------+-----------+--------+------++-------+
| | | |Direct |Direct (xi)|Indirect|Direct|Indirect|
| | | | | |(xii) | | |
+------------+-----------+-----------+------------+-----------+--------+------+--------+
|IE0004879486|115,895,066|115,895,066|115,895,066 |115,895,066| |12.79%| |
+------------+-----------+-----------+------------+-----------+--------+------+--------+
| | | | | | | | |
+------------+-----------+-----------+------------+-----------+--------+------+--------+
+--------------------------------------------------------------------------------------+
|B: Qualifying Financial Instruments |
+--------------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction |
+--------------+----------+----------------------+-----------------------+-------------+
|Type of |Expiration|Exercise/ |Number of voting |% of voting |
|financial |date(xiii)|Conversion Period(xiv)|rights that may be |rights |
|instrument | | |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 rights|% of voting |
|financial |price |date |Conversion |instrument refers to |rights (xix, |
|instrument | |(xvii) |period(xviii)| |xx) |
| | | | | | |
+-------------+--------+----------+-------------+-----------------------+-------+------+
| | | | | |Nominal|Delta |
| | | | | +-------+------+
| | | | | | | |
+-------------+--------+----------+-------------+-----------------------+-------+------+
+--------------------------------------------------------------------------------------+
|Total (A+B+C) |
+-------------------------------------+------------------------------------------------+
|Number of voting rights |Percentage of voting rights |
+-------------------------------------+------------------------------------------------+
|115,895,066 |12.79% |
+------------+++-------+-++-------+--++---------+++-----------+--------+++----+++------+
||| | || | || ||| | ||| |||
+------------------------------------------------------------------------------+
|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 3 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 12.79% holding being disclosed in |
| |this notification is encompassed in the 18.28% |
| |already disclosed under The Prudential plc group|
| |of companies on 01/02/2010 and is NOT in |
| |addition to it. |
| | |
| | |
+-----------------------------+------------------------------------------------+
|14. Contact name: |Dipesh Varsani / Mark Thomas |
| |M&G Investment Management Limited |
+-----------------------------+------------------------------------------------+
|15. Contact telephone number:|020 7548 3261 / 020 7548 3266 |
+-----------------------------+-----------------+------------------------------+
| |
[HUG#1379639]