GRN.L Regulatory News (GRN)

4 May 2007 07:00

Gravity Diamonds Limited04 May 2007 RELEASED ON BEHALF OF: GRAVITY DIAMONDS LIMITED (ASX & AIM : GRN) 4 May 2007 GRAVITY SCHEMES OF ARRANGEMENT APPROVED BY COURT Following the approval on 26 April 2007 by Gravity Diamonds Limited (Gravity)shareholders to effect the acquisition of Gravity by Mwana Africa plc pursuantto a share scheme of arrangement (Share Scheme) and the approval by Gravityoptionholders of an option scheme of arrangement (Option Scheme), Gravityadvises that today the Supreme Court of Victoria approved the Share Scheme andOption Scheme (Schemes). It is anticipated that a copy of the Court order approving the Schemes will belodged with the Australian Securities and Investments Commission on 7 May 2007.Further details will follow at that time. Further Information: Phil Harman, Managing Director, Gravity Diamonds Ltd. Tel: +61-3-9909-7655Elisa Bartlett, Assistant to the Managing Director, Gravity Diamonds Ltd. Tel:+61-3-9909-7655 www.gravitydiamonds.com.au This information is provided by RNS The company news service from the London Stock Exchange