Holding(s) in Company

Standard Form TR-1

Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the Central Bank of Ireland)i
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: 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 financial instruments [ ] An event changing the breakdown of voting rights [X ] Other (please specify)iii: This notification is being made solely as a result of the demerger of Prudential plc and M&G plc, resulting in a change of control from Prudential to M&G
3. Details of person subject to the notification obligationiv:
Name: M&G Plc		City and country of registered office (if applicable): London, England
4. Full name of shareholder(s) (if different from 3.)v:
5. Date on which the threshold was crossed or reachedvi: 21 October 2019
6. Date on which issuer notified: 23 October 2019
7. Threshold(s) that is/are crossed or reached: 19%
8. Total positions of person(s) subject to the notification obligation:
	% of voting rights attached to shares (total of 9.A)		% of voting rights through financial instruments (total of 9.B.1 + 9.B.2)	Total of both in % (9.A + 9.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	19.81%		0.00%	19.81%	109,657,480
Position of previous notification (if applicable)	N/A		N/A	N/A

9. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)	Number of voting rightsix					% of voting rights
	Direct			Indirect		Direct		Indirect
ORD EUR0.001 IE00BDC5DG00				21,728,688				19.81%
SUBTOTAL A				21,728,688				19.81%
B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
			SUBTOTAL B.1
B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations
Type of financial instrument	Expiration datex		Exercise/ Conversion Period xi		Physical or cash settlementxii		Number of voting rights			% of voting rights
					SUBTOTAL B.2

10. Information in relation to the person subject to the notification obligation (please tick the applicable box):   [ ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii   [X] Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv:
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
M&G Plc (Parent Company)	19.81%	0.00%	19.81%
M&G Group Limited (wholly owned subsidiary of M&G Plc)	19.81%	0.00%	19.81%
M&G FA Limited (wholly owned subsidiary of M&G Group Limited)	19.81%	0.00%	19.81%
M&G Investment Management Limited (wholly owned subsidiary of M&G FA Limited)	19.81%	0.00%	19.81%
11. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]
12. Additional informationxvi:

Done at London on 23^rd October 2019