Announcements - 23 November 2007

Result of EGM

RESULT OF KENMARE RESOURCES PLC EGM

23rd November, 2007

Kenmare Resources plc ("Kenmare" or "the Company") advises that the resolution proposed for consideration at the Extraordinary General Meeting of Warrantholders held in Dublin today was approved.

This resolution related to the reduction of subscription price for warrants exercised after the EGM but before 6.00 p.m on 21 December 2007. The full text of the resolution was set out in the Notice of Extraordinary General Meeting circulated to Warrantholders on 31st October, 2007.

The total number of warrants in respect of which votes were received was 44,614,555 warrants.

Of the warrants voted, 44,554,778 voted in favour of the resolution, 680 voted against the resolution and the vote was directed to be withheld in respect of 59,097 warrants.

The proceeds from early exercise of the Warrants will be used for streamlining and enhancing certain elements of the production process at the Moma mine with a view to more quickly achieving annual production levels in excess of 800,000 tonnes of ilmenite, as well as for general corporate purposes.

 

For reference:

Tony McCluskey

Financial Director

Tel: +353 1 671 0411

Mob: +353 87 674 0346

Murray Consultants

Jim Milton

Tel: +353 1 498 0300

Mob: +353 86 255 8400

Conduit PR Ltd

Leesa Peters

Tel: +44 207 429 6600

Mob: +44 781 215 9885