Kenmare Resources plc : Corporate Loan Facility...

Kenmare Resources plc ("Kenmare" or "the Company")

16 December 2013

Corporate Loan Facility Extension

In announcements made on 10 October 2013, Kenmare noted that it intended to apply part of the placing proceeds against a US$40 million corporate loan facility from Absa Bank Limited ("Absa"), a member of Barclays, and that it was in discussion with Absa regarding an extension of US$20 million of this loan facility to March 2015.

As a result of an amendment to the loan facility effective today, Absa has extended US$20 million of the facility to 31 March 2015. US$20 million was repaid in November, as planned. The amended US$20 million facility permits for amounts drawn under it to be repaid and redrawn prior to the maturity date.

The facility extension provides Kenmare with additional working capital flexibility.

For further information, please contact:

Kenmare Resources plc
Michael Carvill, Managing Director   
Tel: [phone]   
Mob: + 353 87 674 0110   

Tony McCluskey, Financial Director
Tel: [phone]  
Mob: + 353 87 674 0346

Virginia Skroski, Investor Relations Manager
Tel: [phone]
Mob: + 353 87 739 1103

Murray Consultants  
Joe Heron
Tel: [phone]
Mob: [phone]

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Source: Kenmare Resources via Globenewswire

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