DIAMONDCORP PLC - Update on Strike Action

Update on Strike Action

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", or "the Company")

                                INDUSTRIAL ACTION ENDS

DiamondCorp, the Southern African diamond development and exploration company, is
pleased to announce that the industrial action by members of the Association of Mineworkers
and Construction Union (AMCU) employed at the Lace diamond mine in the Free State
province of South Africa has ended.

The issue in dispute was management's refusal to employ two additional full-time salaried
shop stewards. AMCU is the majority union at the Lace mine and already has five appointed
shop stewards in the workforce.

AMCU members have voted to resume work at 06h00 on Monday, 8 December 2014, without
the appointment of any additional full-time shop stewards.

In due course, the Company will provide an update on the impact of the industrial action on
the Lace mine development and operational schedule going forwards.

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
Dominic Morley/Adam James
Tel: +44 20 7886 2500

JSE Designated Advisor
Sasfin Capital (a division of Sasfin Bank Limited)
Sharon Owens
Tel: +27 11 809 7500

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