Re: Holding in Company

Ormonde Mining PLC
11 March 2004



Ormonde Mining plc



11 March 2004



Re: Holding in Company



A Letter from JP Morgan Securities Ltd  dated 10th March 2004 to Ormonde Mining
plc, received by the Irish Stock Exchange 11th March 2004.



The Irish Companies Act, 1963 to 2001



On behalf of J.P. Morgan Chase & Co. ("JPMCC") of 270 Park Avenue New York NY
10017, we would like to advise that JPMCC has increased its total aggregate
holdings in the share capital of Ormonde Mining Plc to 5.55%.  This is a result
of its subsidiary, J.P. Morgan Fleming Asset Management (UK) Limited, in its
capacity as discretionary investment manager for various funds (which includes
the discretion to exercise voting rights), increasing its interests in the
Company.

Details are as follows:



Total number of shares (% of share capital): 6,000,000 (5.55%)









Sara Moth

EMEA Surveillance

J.P. Morgan Securities Ltd







This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange


















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