Financing And Operational Update 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”) Financing And Operational Update DiamondCorp, the Southern African diamond mining, development and exploration company, announces that, further to the Company's announcement of 20 October 2016, the second tranche of the financing facility from Rasmala plc (the "Facility"), in the gross amount of £300,000, is in the process of being drawn down by the Company. Lace mine production continues in line with expectations, with the balance of the 5,000 carats of the Company’s diamond inventory, against which the Facility is collateralised, expected to be processed by the end of the day shift today. Production in the current month is on schedule to exceed 15,000 tonnes and the grade for the month of November to date is 29 carats per hundred tonnes. Contact details: DiamondCorp plc Paul Loudon, Chief Executive Tel: +27 56 216 1300 Chris Ellis, Interim Non-Executive Chairman Tel: +44 (0) 20 3151 0970 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 This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR"). United Kingdom 9 November 2016 Sponsor: Sasfin Capital (a division of Sasfin Bank Limited) Date: 09/11/2016 09:00:00 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.