Re: Warrant Exercise

Kenmare Resources PLC
17 April 2001

Kenmare Resources Plc

12th April 2001

Re: Warrant Exercise

Warrants to subscribe for 40,000 Ordinary Shares of IR5p in the capital of
Kenmare have been exercised. Application has been made to the Irish Stock
Exchange and the UK Listing Authority for the new Ordinary Shares to be
admitted to, respectively, the Official List of the Irish Stock Exchange and
the Official List of the UK Listing Authority and to the London Stock Exchange
for the new shares to be admitted to trading. The new Ordinary Shares rank
pari passu in all respects with the existing Ordinary Shares.



Deirdre Corcoran

Company Secretary