DIAMONDCORP PLC - Grant of share options to director and director dealing amendment

Grant of share options to director and director dealing amendment

DiamondCorp plc

AIM share code: DCP & JSE share code: DMC
ISIN: GB00B183ZC46
(Incorporated in England and Wales)
(Registration number 05400982)
(SA company registration number 2007/031444/10)

("DiamondCorp", “the Group” or "the Company")

GRANT OF SHARE OPTIONS TO DIRECTOR AND
DIRECTOR DEALING AMENDMENT

DiamondCorp, the Southern African diamond mining, development and exploration company,
announces the following grant of share option to Chris Ellis, Non-executive Director of the
Company.

Mr Ellis was on 13 July 2016 awarded options (“Options”) over 300,000 ordinary shares in the
capital of the Company. The Options are exercisable at 7.25 pence each and exercisable
between the third anniversary and the tenth anniversary of the date of grant, subject to the
terms of the Company's Unapproved Share Option Scheme. The exercise price represents a
premium of 20.8% to the recent placing price and 9.4% to the closing mid-market share price
of 6.625 pence on 13 July 2016.

Director Dealing Amendment
Further to the announcement of 12 July 2016, the Company announces that the resultant
shareholding of Jonathan Willis-Richards upon Admission of the Broker Option Shares (as
defined in that announcement) is 2,633,562 ordinary shares, representing 0.55% of the
enlarged issued share capital upon Admission of the Broker Option Shares. All other figures
remain correct.


Contact details:

DiamondCorp plc
Paul Loudon, Chief Executive
Tel: +27 56 216 1300
Euan Worthington, Chairman
Tel: +44 7753 862 097

UK Broker & Nomad
Panmure Gordon (UK) Limited
Adam James/Atholl Tweedie
Tel: +44 20 7886 2500

JSE Designated Advisor
Sasfin Capital (a division of Sasfin Bank Limited)
Megan Young
Tel: +27 11 445 8068

SA Corporate Advisor
Qinisele Resources Proprietary Limited
Dennis Tucker/Andrew Brady
Tel: +27 11 883 6358
The notification below, made in accordance with the requirements of the EU Market Abuse
Regulation, provides further detail in respect of the option award described above.


1     Details of the person discharging managerial responsibilities / person closely
      associated
a)    Name                               Chris Ellis
2     Reason for notification
a)    Position / status                  Non-executive Director
b)    Initial notification / amendment   Initial
3     Details of the issuer, emission allowance market participant, auction platform,
      auctioneer or auction monitor
a)    Name                               DiamondCorp plc
b)    LEI                                (Pending)
4     Details of the transaction(s): section to be repeated for (i) each type of instrument;
      (ii) each type of transaction; (iii) each date; and (iv) each place where transactions
      have been conducted
a)    Description of the financial       Ordinary shares of 0.1 pence each in DiamondCorp plc
      instrument, type of instrument
      Identification code                ISIN: GB00B183ZC46
b)    Nature of the transaction          Award of options over ordinary shares
c)    Price(s) and volumes(s)              Price(s)                      Volume(s)
                                           GBP     0.0725     exercise   300,000
                                           price
d)    Aggregated information             N/A
e)    Date of the transaction            2016-07-13
f)    Place of the transaction           London Stock Exchange, AIM (XLON)

14 July 2016
Johannesburg

Sponsor: Sasfin Capital (a division of Sasfin Bank Limited)

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