02 April 2015

In accordance with Rule 2.10 of the Irish Takeover Panel Act, 1997 Takeover Rules, 2013 ("Takeover Rules"), Kenmare confirms that it has 2,781,905,503 ordinary shares of nominal value €0.06 each ("Ordinary Shares") in issue and admitted to listing on the Official List of the United Kingdom Listing Authority and the Official List of the Irish Stock Exchange and to trading on the respective main markets for listed securities of the London Stock Exchange and of the Irish Stock Exchange. The ISIN code for Kenmare Ordinary Shares is IE0004879486 . These details are unchanged from the disclosure made under Rule 2.10 on 2 January 2015.

Kenmare also confirms that it has 57,317,850 warrants in issue. 50,060,000 of these warrants ("Warrants") entitle the holder to subscribe for one Ordinary Share in the Company at an exercise price of Stg29.09p. The Warrants, which are not listed or admitted to trading and which have limited transferability rights, have a subscription period of 16 November, 2014 to 16 November, 2019. In addition, 7,257,850 warrants held by Absa Bank Limited have an exercise price of Stg11p, are exercisable for a seven year period from 16 November 2014 and are otherwise on substantially the same terms as the Warrants. These details are unchanged from the disclosure made under Rule 2.10 on 2 January 2015.

In addition there are 50,589,668 options over Ordinary Shares outstanding under the Company's share option scheme. This reflects a reduction of 6,116,666 options as against the number disclosed on 2 January 2015 pursuant to Rule 2.10. This reduction is as a result of the lapsing of 3,200,000 unexercised options held by former employees and the forfeiture by executive directors, in agreement with the Remuneration Committee, of 2,916,666 options in total in relation to the 2014 tranche of the 2012 share option award. Furthermore, Performance Share Awards in respect of 6,875,622 Ordinary Shares are outstanding. These Performance Share Awards take the form of options over Ordinary Shares with no exercise price and are subject to certain, previously disclosed, vesting conditions.

The Directors of Kenmare accept responsibility for the information contained in this announcement. To the best of their knowledge and belief (having taken all reasonable care to ensure such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

Any holder of 1% or more of any class of relevant securities of Kenmare or Iluka Resources Limited may have disclosure obligations under Rule 8.3 of the Takeover Rules effective from 26 June 2014, the date of the commencement of the offer period for Kenmare under the Takeover Rules.

For further information, please contact:

Kenmare Resources plc

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

Tony McCluskey, Financial Director
 Tel: +353 1 671 0411
Mob: + 353 87 674 0346

Jeremy Dibb, Corporate Development & Investor Relations Manager
 Tel: +353 1 671 0411
Mob: +353 87 943 0367

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