Holding(s) in Company

18th January 2007

                         Conroy Diamonds and Gold plc                          

                                (`the Company')                                

                              Notifiable Interest                              

The Company has today been notified by Gartmore Investment Limited, Gartmore
Fund Managers Limited and Gartmore Global Partners that they have increased
their notifiable interest in the Company following a purchase of 1,875,000
shares on 11th January 2007 and that the resulting holdings are as follows:

Gartmore Fund Managers Ltd                                 9,321,281      8.82%
                                                                               
a/c Gartmore UK & Irish Smaller Companies                                      
                                                                               
Gartmore Irish Growth Fund Plc                             4,863,719     4.602%
                                                                               
Total                                                     14,185,000    13,422%

Further enquiries:

Maureen Jones

Conroy Diamond and Gold plc 00 353 1 661 8958

Simon Clements

John East & Partners Limited 020 7628 2200