DIAMONDCORP PLC - Appointment to the board

Appointment to the board

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")

RETIREMENT AND APPOINTMENT OF NON-EXECUTIVE DIRECTORS

DiamondCorp, the Southern African diamond development and exploration company,
announces that Nick Allen has chosen to retire as a Non-Executive Director and is
pleased to announce the appointment of Christopher (Chris) Ellis as an independent
Non-Executive Director with effect from 1st February 2016.

Together with Paul Loudon, Nick Allen was a founding director of DiamondCorp in
March 2005. His long association with the diamond industry and in particular, his
knowledge of the downstream areas of the market have been invaluable in helping the
Company develop its sale conduits.

Chris Ellis has had an investment banking career spanning over 20 years in London
and the United States. For the last 9 years his principal activities have revolved around
all financial aspects of the diamond supply chain, representing and advising industry
banks, cutters & polishers, jewellery manufacturers and retailers.

He is presently a Director of DFin Ltd, and was previously a principal of Consensus
Advisors in London and the United States.

Chris will join the Audit and Remuneration Committees and stand for election by
shareholders at this year’s Annual General Meeting.

Commenting on the announcement, DiamondCorp’s Chairman, Euan Worthington said
"I am very sad that Nick is retiring from the Board and we thank him for his wise
counsel and valuable support over the past decade. We are pleased that Chris Ellis
has accepted our invitation to join the Board of DiamondCorp. His knowledge of the
downstream diamond industry and associated bankers will help replace the skills we
have lost with Nick’s retirement.”

Further information on Mr Ellis is provided in the appendix below.

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)
Megan Young
Tel: +27 11 445 8068

Appendix

Mr Christopher Graham Ellis, aged 53, is or has been in the past five years a director
of the following companies:

Current directorships / partnerships
DFin Limited (previously Consensus Advisors Limited)

Previous directorships / partnerships (held in the past five years)
Consensus Advisory Services LLC
Dreadnought Holdings Inc.
The East India Company LLC
P4P Holdings LLC

Chris Ellis currently holds no shares in the Company.

There is no further information to be disclosed under Schedule 2(g) and Rule 17 of the
AIM Rules in respect of Chris Ellis's appointment as a Non-Executive Director


Johannesburg
1 February 2016

JSE Designated Advisor
Sasfin Capital (a division of Sasfin Bank Limited)

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