Re: Holding in Company

Kenmare Resources PLC
19 December 2002


Kenmare Resources plc

19 December 2002

Re: Holding in Company

Companies Act 1985
Disclosure of Interests in Shares

A letter from M&G Investments dated 18 December 2002 to Kenmare Resources plc,
received by Kenmare Resources plc on the 18 December 2002.

In accordance with Part VI of the Companies Act 1985 (as amended)(the 'Act'), we
write to inform you that Prudential plc and certain of its subsidiary companies
have a notifiable interest in the issued share capital of your company as
detailed in the attached schedule.

For the purposes of S210 of the Act, the address for those companies identified
in the attached schedule is Laurence Pountney Hill London EC4R 0HH


Tom Dowler
For and on behalf of Prudential plc



         Notifiable Position Report for Kenmare Resources ORD EURO0.06
                             As at 17 December 2002

Percentage holdings are calculated using an issued share capital of 262,209,123
ORD EURO0.06 shares



           Registered Holder         Holdings                       %

Prudential plc                                      30,000,000            11.44        Total Notifiable
                                                                                       Interest
                          Chase Nominees Ltd        2,000,000
                          Aust

                          Clydesdale BK Noms
                          Ltd MGG                   26,000,000

                          Pruclt HSBC GIS Nom
                          (UK) PPL AC               2,000,000
                                                    

M&G Group Limited                                   30,000,000            11.44

                          Chase Nominees Ltd        2,000,000
                          Aust

                          Clydesdale BK Noms
                          Ltd MGG                   26,000,000

                          Pruclt HSBC GIS Nom
                          (UK) PPL AC               2,000,000
                                                    

M&G Investment Management                           30,000,000            11.44
         Limited
                          Chase Nominees Ltd        2,000,000
                          Aust

                          Clydesdale BK Noms
                          Ltd MGG                   26,000,000

                           Pruclt HSBC GIS Nom
                               (UK) PPL AC          2,000,000
                                                    

       M&G Limited                                  30,000,000            11.44

                          Chase Nominees Ltd        2,000,000
                          Aust

                          Clydesdale BK Noms
                          Ltd MGG                   26,000,000

                           Pruclt HSBC GIS Nom
                               (UK) PPL AC          2,000,000
                                                    



         Notifiable Position Report for Kenmare Resources ORD EURO0.06
                             As at 17 December 2002



Percentage holdings are calculated using an issued share capital of 262,209,123
ORD EURO0.06 shares



     Registered Holder         Holding                                    %

 M&G Securities Limited                                    28,000,000                   10.67

                           Chase Nominees Ltd Aust         2,000,000

                           Clydesdale BK Noms Ltd          26,000,000
                                     MGG
                                                           



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


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