Re: Holding in Company

Ormonde Mining PLC
27 January 2004



Ormonde Mining plc



27 January 2004



Re: Holding in Company



A Letter from Gartmore Investment Management plc dated 22nd January 2004 to
Ormonde Mining plc, received by the Irish Stock Exchange 27th January 2004.





We write to inform you that we are currently aware of an interest in 7,770,000
Ordinary Shares in Ormonde Mining, representing 7.20% of the voting right.  The
beneficial owners with their repesctive holdings are as shown on the attached
sheet.  The percentage holding is based on the revised number of shares in issue
as supplied to us by Extel Financial Limited.



The total number of shares comparies the aggregated holdings controlled by
Gartmore Investments Limited (GIL).  Gartmore Fund Managers Limited (GFM) and
Gartmore Global Partners (GGP), as discretionary investment of the clients and
clients funds listed on the attached sheet and , accordingly having power in
repect of the shares and power to disposed of them.  The shares are held for
investment purposed only for the clients and client funds concerned.









Alan Buddles

Head of Restrictions and Disclosure Unit

For and on behalf of Gartmore Investment Management plc











Current Holdings by Fund Manager





ORMONDE MINING EUR 0.025 (UK-EX)


Fund Managing Co. Number of Shares  Issued Share      Percentage of     Fund              Beneficial Owner
                  Held              Capital           Issue Capital
Gartmore Fund         2,570,000                            2.382%             56690       Gartmore Fund
Managers Limited                                                                          Managers Ltd A/C
                                                                                          Gartmore UK &
                                                                                          Irish Smaller
                                                                                          Companies
                                                                                          Strategy Fund
                      2,570,000                            2.382%
Gartmore              1,000,000                             .927%             GAGIG       Gartmore Absolute
Investment                                                                                Growth and Income
Limited                                                                                   Trust plc
                                                                                          (Growth)
Gartmore              4,200,000                            3.892%             56550       Gartmore Irish
Investment                                                                                Growth Fund Ltd
Limited
                      5,200,000                            4.819%
                      7,770,000        107,91,480           7.20%









This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange









                      This information is provided by RNS
            The company news service from the London Stock Exchange