DCP.L Regulatory News (DCP)

DiamondCorp plc

JSE share code: DMC

AIM share code: DCP

ISIN: GB00B183ZC46

(Incorporated in England and Wales)

(Registration number 05400982)

(SA company registration number 2007/031444/10)

('DiamondCorp' or 'the Company')

RESULTS OF GENERAL MEETING

DiamondCorp, the Southern African diamond mining and exploration company, advises that at a general meeting of shareholders held today at 63 Coleman Street, London, EC2R 5BB at 12 noon (UK time) and 13:00 (SA time), all resolutions were passed without amendment.

Following shareholder approval today being obtained, the Company will proceed with the placing of 100,154,695 new ordinary shares at 7p per share and subscription for 907,843 new ordinary shares at 7p per share to raise approximately £7.1 million (before expenses).

Applications have been made to the London Stock Exchange and the JSE Limited for the new shares to be admitted to trading on the AIM Market and AltX. It is expected that admission will become effective and that trading in the new shares will commence on AIM and AltX at 8.00 am on 6 April 2010 (or such later time and date as the Company and its brokers Cenkos Securities and Fairfax may agree, but in any event no later than 23 April 2010).

The New Ordinary Shares will, when issued and fully paid, rank equally in all respects with the Existing Ordinary Shares, including the right to receive any dividend or other distribution declared, made or paid after the date of their unconditional allotment.

It is expected that share certificates for the New Ordinary Shares which are to be held in certificated form will be dispatched to placees by 14 April 2010. The New Ordinary Shares will be in registered form and no temporary documents of title will be issued.

Following the issue of the new shares, the Company will have 148,579,533 shares in issue.

RESIGNATION OF DIRECTOR

Mr Robin Leonard Henshall has tendered his resignation as a non-executive director of the Company following his decision to resign as an executive of European Islamic Investment Bank plc. The board has accepted the resignation and extends their thanks to Mr Henshall for his valuable contribution at board level and wishes him all success with his future endeavours.

1 April 2010

London

Sponsor: Investec Bank Limited

For further information, please contact:

Paul Loudon, DiamondCorp plc

+44 20 7256 2651

Joe Nally/Liz Bowman/Ivonne Cantu, Cenkos Securities plc

+44 20 7397 8900

Robert Smith, Investec Bank Limited

+27 11 286 7662

Charmane Russell/Matthew Ross, Russell & Associates

+27 11 880 3924

Ana Ribeiro/Tim Blythe, Blythe Weigh Communications

+44 20 7138 3204