Doc re. Result of Placing and Open Offer

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                                       SO


                             Kenmare Resources plc


Results of Placing and Open Offer

Dublin/London - 29 March, 2010: On 5 March 2010, the Board of Directors of
Kenmare Resources plc ("Kenmare" or "the Company") announced details of
a proposed Placing and Open Offer and Firm Placing ("the Capital Raising") to
raise approximately Stg£179.6 million (approximately US$269.9 million) through
the issue of, in aggregate, 1,497,030,066 New Ordinary Shares at an Issue Price
of Stg12 pence per New Ordinary Share, with 748,515,033 New
Ordinary Shares to be issued through the Placing and Open Offer and 748,515,033
New Ordinary Shares to be issued through the Firm Placing.


The  Open Offer closed for acceptances at 11.00 a.m. on 26 March, 2010. Kenmare
is  pleased to announce  that it has  received valid  acceptances under the Open
Offer  in respect of 550,449,053 Open Offer Shares from Qualifying Shareholders.
This  represents approximately 73.5 per  cent. of the Open  Offer Shares offered
pursuant to the Open Offer.

Accordingly,   the   remaining   198,065,980 Open   Offer  Shares,  representing
approximately  26.5 per cent. of the Open Offer  Shares to be issued through the
Placing  and Open Offer, have been allocated to the investors with whom they had
been conditionally placed.

The Capital Raising is conditional upon, amongst other things, the approval by
Shareholders of all of the Resolutions at the Extraordinary General Meeting
(scheduled for 11.00 a.m. today) and upon Admission. The 1,497,030,066 New
Ordinary Shares are expected to be admitted to the Official List of the Irish
Stock Exchange and the Official List of the UK Listing Authority and to trading
on the Irish Stock Exchange's and the London Stock Exchange's respective main
markets for listed securities with effect from 8.00 a.m. on 1 April, 2010.

Thereafter Kenmare will have a total of 2,403,127,212 Ordinary Shares issued and
outstanding.

Set  out below is an  expected timetable of principal  events in relation to the
completion of the Capital Raising.


 Extraordinary General Meeting                     11.00a.m.  on 29 March, 2010



 Admission and commencement of dealings in the New  8.00 a.m.  on 1 April, 2010
 Ordinary Shares

 New  Ordinary  Shares,  in  uncertificated  form,  8.00 a.m.  on 1 April, 2010
 expected to be credited to CREST accounts

 Despatch of definitive share certificates for New            by 8 April, 2010
 Ordinary Shares in certificated form


Notes:
(1)          The times and dates set out in the expected timetable of principal
events above and mentioned throughout this announcement may be adjusted by the
Company, in which event details of the new times and dates will be notified to
the Irish Stock Exchange, the UK Listing Authority, the London Stock Exchange,
and, where appropriate, Qualifying Shareholders by means of an announcement
through a Regulatory Information Service.

(2)                References to times in the timetable are to Dublin times
unless otherwise stated.


This  announcement  should  be  read  in  conjunction  with the full text of the
combined  circular  and  prospectus  published  by Kenmare and circulated on  5
March,   2010 ("the Prospectus").   All   capitalised/defined   terms   in  this
announcement  have the same meaning as those contained in the Prospectus. Copies
of  the Prospectus are available from the Company's registered office at Chatham
House,  Chatham  Street,  Dublin  2, Ireland  and  at  the  Company's website at
www.kenmareresources.com <

http://www.kenmareresources.com/>.


For further information, please contact:

Kenmare Resources plc


  Michael Carvill, Managing Director   Tony McCluskey, Finance Director
  Tel: [phone]                  Tel: [phone]
  Mob: + 353 87 674 0110               Mob: + 353 87 674 0346



  J.P. Morgan Cazenove                  Davy
  Laurence Hollingworth/Neil Passmore   Hugh McCutcheon/Eugenée Mulhern
  Tel: [phone]                 Tel: [phone]



  Murray Consultants       Conduit PR Ltd
  Joe Heron                Leesa Peters/Charlie Geller
  Tel: [phone]     Tel: [phone]
  Mob: + 353 86 255 8400   Mob: [phone]



IMPORTANT NOTICE

This announcement does not constitute or form part of any offer or invitation to
sell or issue, or any solicitation of any offer to purchase or subscribe for,
any securities.

This announcement has not been approved by the Irish Financial Regulator, the
Financial Services Authority or by any other regulatory authority.

The securities of the Company referred to above (the "Securities") have not been
and will not be registered under the US Securities Act of 1933, as amended (the
"Securities Act"), and may not be offered or sold in the United States unless
registered under the Securities Act or an exemption from such registration is
available.  No public offering of Securities is being made in the United States.
Any representation to the contrary is a criminal offence in the United States.

The securities mentioned herein and in the Prospectus may not be offered, sold,
resold, transferred or delivered, directly or indirectly, in any Excluded
Territory absent registration or an applicable exemption from the registration
requirements of the relevant laws of any Excluded Territory. There will be no
public offer of such securities in any Excluded Territory. This announcement
does not constitute an offer to sell, or a solicitation of an offer to subscribe
for, the securities being issued in any jurisdiction in which such offer or
solicitation is unlawful.

J.P. Morgan Cazenove is a marketing name used by J.P. Morgan Securities Ltd.
J.P. Morgan Securities Ltd. is acting as global co-ordinator, bookrunner and
joint broker to Kenmare in respect of the Capital Raising. J&E Davy ("Davy") is
acting as joint broker, co-bookrunner and sponsor to Kenmare in respect of the
Capital Raising.  Canaccord Adams Limited ("Cannacord Adams") and Mirabaud
Securities LLP ("Mirabaud Securities") are each acting as joint broker and
co-bookrunner to Kenmare in respect of the Capital Raising.  Rothschild is
acting as financial adviser to Kenmare in respect of the Capital Raising

This announcement has been issued by and is the sole responsibility of Kenmare.
No representation or warranty, express or implied, is or will be made as to, or
in relation to, and no responsibility or liability is or will be accepted by
J.P. Morgan Securities Ltd.., Davy, Canaccord Adams, Mirabaud Securities or
Rothschild or by any of their respective affiliates or agents as to, or in
relation to, the accuracy or completeness of this announcement or any other
written or oral information made available to or publicly available to any
interested party or its advisers, and any responsibility or liability therefore
whether arising in tort, contract or otherwise is expressly disclaimed.
J.P. Morgan Securities Ltd., Canaccord Adams, Mirabaud Securities and
Rothschild, each of which is authorised and regulated in the United Kingdom by
the FSA, are acting exclusively for the Company and no one else in connection
with the Capital Raising and will not regard any other person as their client in
relation to the Capital Raising and will not be responsible to anyone other than
the Company for providing the protections afforded to their clients or for
providing advice in connection with the Capital Raising or any other matter
referred to in this announcement.

Davy, which is authorised and regulated in Ireland by the Financial Regulator,
is acting exclusively for the Company and no one else in connection with the
Capital Raising and will not regard any other person as its client in relation
to the Capital Raising and will not be responsible to anyone other than the
Company for providing the protections afforded to its clients or for providing
advice in connection with the Capital Raising or any other matter referred to in
this announcement.






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