Exercise of Options

06 July 2006

Options to subscribe for 200,000 Ordinary Shares of €0.06c in the capital of Kenmare have been exercised. Application has been made to the Irish Stock Exchange and the UK Listing Authority for the new Ordinary Shares to be admitted to, respectively, the Official List of the Irish Stock Exchange and the Official List of the UK Listing Authority and to the London Stock Exchange for the new shares to be admitted to trading. The new Ordinary Shares rank pari passu in all respects with the existing Ordinary Shares.

For further information:

Michael Carvill
Managing Director
Tel: +353-1-671 0411
Mob: +353-87-674 0110

Murray Consultants
Elizabeth Headon
Tel: +353-1-498 0300
Mob: +353 87 989 7234

Conduit PR Ltd
Leesa Peters
+44-207-429 6600
Mob: +44 781 215 9885

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