Kenmare Resources : Kenmare Resources plc - Debt Update

           Kenmare Resources : Kenmare Resources plc - Debt Update

              Kenmare Resources plc ("Kenmare" or "the Company")

1 March, 2013

                                 Debt Update

Further to a trading update dated 30 January 2013, in which it was noted  that 
Kenmare had  concluded  an agreement  with  its lending  banks  providing  the 
flexibility to  raise additional  debt,  Kenmare and  Absa Bank  Limited  have 
entered into an agreement establishing  a corporate facility of US$40  million 
for the Company. Absa Bank Limited, a member of Barclays plc, is an  existing 
lender to the Kenmare Group. As at 31 December, 2012, Kenmare Group bank debt
amounted to US$324.4 million, comprising US$106.9 million senior debt forecast
to be paid by 1 August 2018  and US$217.5 million subordinated debt, of  which 
US$96.5 million deferred  subordinated debt is  now forecast to  be paid by  1 
August 2014 and the balance  of US$121.0 million is forecast  to be paid by  1 
August 2019,  in accordance  with arrangements  under the  applicable  finance 
agreements.

Kenmare's 2012 Preliminary Results are scheduled to be announced on 12  March, 
2013.

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

Virginia Skroski, Investor Relations Manager   
Tel: +353 1 671 0411   
Mob: + 353 87 739 1103   

Murray Consultants
Joe Heron
Tel: +353 1 498 0300
Mob: +353 87 690 9735

Tavistock Communications
Jos Simson / Mike Bartlett
Tel: +44 207 920 3150
Mob: +44 7753 949 108

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Source: Kenmare Resources via Thomson Reuters ONE
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