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) Date: 14/07/2016 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.