Diamond sales 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”) Diamond Sales DiamondCorp is pleased to announce that the Company’s operating subsidiary, Lace Diamond Mines (Pty) Ltd (“LDM”), has completed the sale of diamonds recovered from the Lace mine prior to LDM being placed in business rescue. - A total of 5,129.9 carats were delivered to Johannesburg for tender. After boiling losses, a total of 5,116.6 carats were prepared for sale. - The parcel comprised run of mine production with five stones larger than 10 carats and the largest stone being a 19.43 carat non-gem diamond. Unfortunately, all the larger goods were either non-gem, or contained carbon inclusions or cracks which resulted in reduced valuations. - Nonetheless, all reserve prices were exceeded and the diamonds were sold for $590,744.86, representing $115.46 per carat. - In the size fractions (+7 sieve size) up to 5 carats in size, prices achieved were comparable or better than achieved throughout the year. - In the smallest size fractions (-7 sieve size) prices were weaker. - All sales proceeds have now been received. - As a result of this sale, the average carat value achieved for the year has fallen to $146/ct, 11% lower than the $164/ct forecast average. - While a proportion of this fall is the result of the weaker market in the lowest size fractions, it is largely the absence of high quality gems amongst the larger stones in the last two sales. One large gem could just as easily swing the average the other direction. 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 12 December 2016 Date: 12/12/2016 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.