Notification of Exercise of Share Options

PROVIDENCE RESOURCES P.l.c.

              Notification of exercise of share options

The Company received notification on 1 May, 2007 from the Directors
named in the table below and from the Company Secretary that they had
exercised the relevant number of options as set out in the table
below at an exercise price as indicated below . The Directors' and
Company Secretary's subsequent holdings following the exercise of
options are also included in the table below.


+-------------------------------------------------------------------+
| Director  | Exercise | Options   |   | Subsequent holding | %     |
|           | Price    | Exercised |   | of Ordinary Shares |       |
|           |          |           |   | of ¤0.001 each     |       |
|-----------+----------+-----------+---+--------------------+-------|
| Brian     | ¤0.0194  | 855,783   |   | 1,907,439          | 0.06% |
| Hillery   |          |           |   |                    |       |
|-----------+----------+-----------+---+--------------------+-------|
| Tony      | ¤0.0194  | 342,313   |   |                    | 0.43% |
| O'Reilly  | ¤0.0146  | 2,053,880 |   | 10,497,130         |       |
|-----------+----------+-----------+---+--------------------+-------|
| Peter     | ¤0.0194  | 855,783   |   | 1,660,628          | 0.07% |
| Kidney    |          |           |   |                    |       |
|-----------+----------+-----------+---+--------------------+-------|
| Company   |          |           |   |                    |       |
| Secretary |          |           |   |                    |       |
|-----------+----------+-----------+---+--------------------+-------|
| Michael   | ¤0.0194  | 171,157   |   | 525,481            | 0.02% |
| Graham    |          |           |   |                    |       |
+-------------------------------------------------------------------+


Application will  shortly  be  made  for the  admission  of  the  new
Ordinary Shares, issued  in connection with  the exercise of  options
described above, to trading on both AIM and IEX ("Admission") and  it
is expected that Admission will occur and that dealings will commence
on AIM and IEX on  10th May 2007. The  new Ordinary Shares will  rank
pari  passu  in  all  respects  with  the  existing  Ordinary  Shares
currently traded on AIM  and IEX. Following  Admission there will  be
2,470,922,492 Ordinary Shares in issue.


+-----------------------------------+
| For further information:          |
|-----------------------------------|
| Providence Resources Plc          |
|-----------------------------------|
| Michael Graham, Company Secretary |
|-----------------------------------|
| Tel: + 353 (1) 219 4074           |
+-----------------------------------+

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