Holding(s) in Company

+------------------------------------------------------------------------------+
|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 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  |               29 January 2010               |
|or                              |                                             |
|reached: (v)                    |                                             |
+--------------------------------+---------------------------------------------+
|6. Date on which issuer         |              01 February 2010               |
|notified:                       |                                             |
+--------------------------------+---------------------------------------------+
|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    |V ting     +------------+----------+--------+------+--------+
|CODE        |          |Rights     |Direct      |Direct    |Indirect|Direct|Indirect|
|            |          |           |            |(xi)      |(xii)   |      |        |
+------------+----------+-----------+------------+----------+--------+------+--------+
|IE0004879486|26,802,353|26,802,353 | 26,802,353 |26,802,353|        |2.95% |        |
+------------+----------+-----------+------------+----------+--------+------+--------+
|            |          |           |            |          |        |      |        |
+------------+----------+-----------+------------+----------+--------+------+--------+

+------------------------------------------------------------------------------------+
|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    |% of voting   |
|financial    |price    |date      |Conversion   |rights instrument   |rights (xix,  |
|instrument   |         |(xvii)    |period(xviii)|refers to           |xx)           |
|             |         |          |             |                    |              |
+-------------+---------+----------+-------------+--------------------+-------+------+
|             |         |          |             |                    |Nominal|Delta |
|             |         |          |             |                    +-------+------+
|             |         |          |             |                    |       |      |
+-------------+---------+----------+-------------+--------------------+-------+------+

+------------------------------------------------------------------------------------+
|Total (A+B+C)                                                                       |
+------------------------------------+-----------------------------------------------+
|Number of voting rights             |Percentage of voting rights                    |
+------------------------------------+-----------------------------------------------+
|26,802,353                          |2.95%                                          |
+------------+++--------+-+--------+++-----------++---------+--------+++----+-+------+
             |||        | |        |||           ||         |        |||    | |

+------------------------------------------------------------------------------+
|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 2.95% 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#1379637]