DCP.L Regulatory News (DCP)

21 October 2016

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")

Rule 2.9 Announcement - Relevant Securities in Issue

Further to the Company's announcements on 18 October 2016 and 20 October 2016, and in accordance with Rule 2.9 of the Takeover Code, as at the date of this announcement, there are the following classes and numbers of relevant securities in issue:

· 478,739,580 ordinary shares of 0.1 pence each, admitted to trading on the AIM Market of the London Stock Exchange and on AltX of the Johannesburg Stock Exchange. The International Securities Identification Number for the ordinary shares is GB00B183ZC46. 

· 276,839,478 deferred ordinary shares of 2.9 pence each. The deferred ordinary shares do not entitle the holders to (a) receive notice of or attend and vote at any general meeting of the Company; (b) to receive any dividend or other distribution; or (c) to participate in any return on capital on winding up, other than the nominal amount paid on such shares following a substantial distribution of ordinary shares in the Company. The deferred ordinary shares effectively have a zero value, are non-transferable and have no effect on the economic interest of the holders of ordinary shares.

· £2,013,942.73 of senior secured UK bonds, incorporating capitalised interest, due for repayment on 14 December 2018. Pursuant to their terms, any request for conversion can currently be settled at the absolute discretion of the Company with ordinary shares at 5.59 pence per share or the cash equivalent of the number of underlying shares multiplied by the share price at the time of conversion.

· ZAR40,000,000 of senior secured South African bonds, due for repayment on 14 December 2018. Pursuant to their terms, any request for conversion can currently be settled at the absolute discretion of the Company with ordinary shares at ZAR 0.81 per share or the cash equivalent of the number of underlying shares multiplied by the share price at the time of conversion.

· A Shariah-compliant secured convertible financing facility, in the amount of £400,000 currently drawn down out of a total maximum amount of £700,000, with a maturity date of 15 December 2016, convertible at the discretion of the provider on maturity of the facility (or earlier in certain circumstances) into new ordinary shares at the equivalent of a 30 per cent. discount to the average daily volume weighted average price of ordinary shares across each trading day from the date of the agreement of the facility to the date of conversion.

Contact details:

DiamondCorp plc

Paul Loudon, Chief Executive

Tel: +27 56 216 1300

Chris Ellis, Interim Chairman-designate

Tel: +44 (0) 20 3151 0970

UK Broker & Nomad

Panmure Gordon (UK) Limited

Adam James/Karri Vuori/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