Holding in Company

Kenmare Resources PLC
23 September 2003


Kenmare Resources plc

23 September 2003

Re: Holding in Company

A Letter from Gartmore Investment Management plc dated 19th September 2003 to
Kenmare Resources plc, received by the Irish Stock Exchange 23 September 2003.


We, Gartmore Investments Limited (GIL), Gartmore Fund Managers Limited (GFM) and
Gartmore Global Partners (GGP), write to advise you pursuant to Section 67 of
the Irish Companies Act 1990, that we have decreased our reportable interest in
your company by virtue of an issue share capital amendment.

This notification relates to the ordinary EURO.06 share capital of Kenmare
Resources plc.

The identities of the registered holders of these shares and the number of
shares held by each holder, so far is known at the date of this notification,
are shown on the attached schedule.

The percentages quoted on the attached schedule are based on your new issued
share capital of 287,334,123 as advised to us by Exshare Financial Limited.






Alan Buddles
Head of Restrictions and Disclosure Unit
For and on behalf of Gartmore Investment Management plc





Current Holdings by Fund Manager

19 Sep 2003



KENMARE RESOURCES ORD EURO.06 (UK-EX)


Fund Managing Co. Number of Shares  Issued Share      Percentage of     Fund              Beneficial Owner
                  Held              Capital           Issue Capital

Gartmore Fund        10,886,775                            3.789%             56690       Gartmore Fund
Managers Limited                                                                          Managers Ltd A/C
                                                                                          Gartmore UK &
                                                                                          Irish Smaller
                                                                                          Companies
                                                                                          Strategy Fund
                     10,886,775                            3.789%

Gartmore              1,790,914                            0.623%             GAGIG       Gartmore Absolute
Investment                                                                                Growth and Income
Limited                                                                                   Trust plc
                                                                                          (Growth)

Gartmore              7,150,000                            2.488%             56550       Gartmore Irish
Investment                                                                                Growth Fund Ltd
Limited
                      8,940,914                            3.112%

                     19,827,689        287,334,123         6.901%









This announcement has been issued through the Companies Announcement Service of
The Irish Stock Exchange







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