Result of AGM

Kenmare Resources PLC
24 May 2001



                            KENMARE RESOURCES PLC
                                RESULT OF AGM

At the Annual General Meeting of Kenmare Resources plc on 23rd May 2001, the
Company's Irish Pound denominated share capital was re-denominated and
re-nominalised into euro.

The authorised and issued Ordinary Shares of nominal value IR£0.05 each were
re-denominated and re-nominalised to Ordinary Shares of nominal value EUR0.06
each. The authorised and issued Deferred Shares of nominal value IR£0.20 each
were re-denominated and re-nominalised to Deferred Shares of nominal value
EUR0.25 each. These adjustments will not alter the number of Ordinary Shares
or Deferred Shares in issue and existing share certificates continue to be
valid.

All of the other resolutions considered and voted on at the Annual General
Meeting were also approved.

For further information please contact:

Tony McCluskey, Financial Director

[phone]

[phone]


www.kenmareresources.com

24 May, 2001