Operational Update And Suspension Of Shares 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”) Operational Update And Suspension Of Shares DiamondCorp, the Southern African diamond mining, development and exploration company, announces the following update. In the late afternoon of Friday, 11 November 2016, two extreme thunderstorms passed over the Lace Mine, dropping almost 90mm of rain in just over an hour. This equates to almost one-third of the mine's annual rainfall. This overwhelmed the mine's pumping systems and flooded the 310m production level to the hanging wall. In total, more than 10,000 cubic metres of water is estimated to have entered the mine through the open pit and access ramps. All personnel were successfully evacuated from the mine without injury. To pump the production level dry will take at least a week assuming no further material rainfall. However, once the level is dry no production will be possible in the short-term as the longhole drill rig which was operating at the time of the flood will need to be recovered and the electrics rebuilt. This could take up to 12 weeks from the time of recovery. Management is investigating all options as a consequence of the above and its impact on the Group’s financial position, and is consulting a business rescue practitioner for the Company’s operating subsidiary, Lace Diamond Mines (Pty) Ltd, pursuant to Chapter 6 of the Companies Act 2008 in South Africa. The Company has requested a suspension of its shares from trading on both the AIM Market of the London Stock Exchange and on the Alternative Exchange of the JSE Limited with effect from 07:30 a.m. UK time and 09:00 a.m. SA time, respectively, pending clarification of its financial position. The Company will provide further updates in due course. 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 Sponsor 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 14 November 2016 Date: 14/11/2016 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.