Holding in Company

Kenmare Resources PLC
5 June 2001

Letter to :  Kenmare Resources PLC


RE:  KENMARE RESOURCES PLC

We, Gartmore Investment Limited (GIL), Gartmore Fund Managers Limited (GFM)  and
Fenplace Two Ltd (FTL) write to advise you pursuant to Section 198  of  the
Companies  Act 1985 (the 'Act') as amended by the Disclosure of Interest in
Shares (amendment) Regulations 1993, that;  

1.  This notification relates to the ordinary 0.05IEP share capital of Kenmare  
    Resources Plc.

2.  The number of shares of the person(s) with an interest, for the purposes of 
    Section 208 and 209 of the Act, immediately after the time when the         
    obligation arose, are shown on the schedule below.

3.  The identities of the registered holders of these shares and the number of  
    shares held by each holder, so far as is known at the date of this          
    notification, are shown on the schedule below.

4.  The percentages quoted on the schedule below are based on your issued share 
    capital of 190,256,228 as advised to us by Exshare.

5.  None of the schedules below relates to interests as mentioned in Section 208
    (5) 

Letter from Gartmore Investment Management plc


REPORT NO. GFM330

                        GARTMORE INVESTMENT MANAGEMENT LIMITED

'WHO HOLDS WHAT'      CLIENT HOLDINGS PERCENTAGE REPORT BY STOCK     24-MAY-01

SECURITY   0487948  KENMARE RESOURCES   ORD IEP0.05 (UK-EX)

Number Of    Percentage of     Registered Owner         Beneficial Owner
Shares Held  Issue Capital

 2500000             1.31%     BANK OF NEW YORK         GARTMORE ABSOLUTE GWTH +
                               NOMINEES LIMITED         INC (GROWTH)

 7150000             3.75%     BNY NOMINEES LTD         GARTMORE IRISH GROWTH
                               A/C 367306               FUND PLC

 5661798             2.97%     BNY GIL CLT A/C NOMS     GARTMORE GROWTH
                               LTD A/C NWSC             OPPORTUNITIES

 5410000             2.84%     RBSTB NOMINEES LTD       GARTMORE UK & IRISH
                                                        SMLLR CO'S FUND

20721798            10.89%     No. of shares issued    190256228