Re: Holding in Company

Kenmare Resources PLC
04 February 2005

Kenmare Resources plc



04th February 2005



A letter from Eagle Star Life Assurance Company of Ireland Limited dated 31st
January 2005 to Kenmare Resources plc, received by Kenmare Resources plc on the
03rd February 2005.



Re: Disclosure of Interest in Ordinary Shares of Kenmare Resources Plc.



I wish to update you of the extent of the combined interests of Companies in the
Zurich Financial Services Group (which includes Eagle Star Life Assurance
Company of Ireland Limited) in the issued ordinary shares and warrants of
Kenmare Resources Plc.  We understand that there are 645,975,249 ordinary shares
and 72,716,992 warrants of Kenmare Resources Plc in issue at 31st December 2005.



I wish to confirm that at the 19th November 2004, the combined shareholdings of
entities in the Zurich Financial Services Group Plc. amounts to 580,000 ordinary
Shares and 3,443,750 warrants in Kenmare Resources plc and this amounts to 0.09%
of the Issued Ordinary Share Capital and 4.736% of Issued warrants. The
breakdown of the holdings are as follows;


Ordinary Shares            %                         Beneficial Owner           Held in Nominee Account
     580,000               0.090                     Eagle Star Life Assurance  Pershing International
                                                     Company of Ireland Ltd     Nominees Ltd





Warrants                   %                         Beneficial Owner           Held in Nominee Account
3,400,000                  4.676                     Allied Dunbar Assurance    Littledown Nominees
     43,750                0.060                     Eagle Star Life Assurance  Pershing International
                                                     Company of Ireland Ltd     Nominees Ltd
3,443,750                  4.736





If you have any queries, please contact Ken Spillane (Investment Accountant) @
01-2092327





Patrick Coyle

Director & Company Secretary


Eagle Star Life Assurance Company of Ireland Ltd



Anthony Brennan

Compliance Officer

Eagle Star Life Assurance Company of Ireland Ltd









This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange














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