Announcements - 23th May 2001

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 EUR 0.06 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 EUR 0.25 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 more information:

Tony McCluskey
Financial Director
+353-1-671 0411 or +353-87-6740346