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Kenmare Resources Share Issue/Capital Change 2018

Dec 5, 2018

1968_rns_2018-12-05_98cc2201-aed3-46d6-9fb0-eee52152fcef.pdf

Share Issue/Capital Change

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Kenmare Resources plc, 4th Floor, Styne House, Hatch Street Upper, Dublin 2, D02 DY27, Ireland T: +353 1 671 0411 E: [email protected] W: www.kenmareresources.com

KENMARE RESOURCES PLC (the "Company")

Extraordinary General Meeting

At an Extraordinary General Meeting of the Company held at Conrad Dublin, Earlsfort Terrace, Dublin 2, D02 V562 on 5 December 2018 the following resolution was passed as a special resolution:

"That, subject to the confirmation of the High Court of Ireland, the company capital of the Company be reduced by cancelling US\$185,252,950 of the Company's undenominated capital standing to the credit of the Company's share premium account at the date of this resolution and the reserve resulting from this cancellation be treated as a realised profit and used to eliminate permanent losses."