SOAPSTONE INVESTMENT LIMITED - Failure to Fund Bond Interest Payment - DMCCB

Failure to Fund Bond Interest Payment - DMCCB

Soapstone Investment Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/011940/06)
Soapstone stock code: DMCCB
ISIN: ZAE000180204
(“Soapstone”)

FAILURE TO FUND BOND INTEREST PAYMENT

Noteholders are referred to the announcement released on SENS on 29 November 2016 advising that DiamondCorp
PLC (“Diamondcorp”) the Guarantor to the Soapstone ZAR40,000,000.00 14% Fixed Rate Senior Secured Convertible
Registered Bonds had commenced business rescue proceedings and accordingly that the shares of Diamondcorp had
been suspended from trading on the ALtX market of the JSE Limited and AIM market of the London Stock
Exchange. Soapstone accordingly advises noteholders that the interest payment due on 14 December 2016 as
announced on SENS on 11 November 2016 will not be paid due to the inability of DiamondCorp to advance the
funds to Soapstone to cover the payment. Soapstone will be calling a meeting of Noteholders to discuss
potential remedial steps. Currently, Soapstone is not in a position to advise noteholders of the new payment
date. Details of the notice of meeting will be announced on SENS in due course.


14 December 2016


Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

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