Karelian Regulatory News (KDR)

30 Mar 2011 14:13

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Karelian Diamond Ord EUR0.01

2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights

are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the

notification obligation: Gartmore Investment Limited

4. Full name of shareholder(s) (if Gartmore Fund Managers Limited

different from 3.): Gartmore Fund Managers Limited A/C Gartmore UK & Irish Smaller Companies

5. Date of the transaction and date on which the threshold is crossed or

reached: 25th March 2011

6. Date on which issuer notified:

28th March 2011

7. Threshold(s) that is/are crossed or

reached: 5% 8. Notified details:

A: Voting rights attached to shares

Class/type Situation previous Resulting situation after the triggering of to the triggering transaction shares transaction if possible Number Number Number Number of voting % of voting using of of of shares rights rights the ISIN Shares Voting CODE Rights Direct Direct Indirect Direct Indirect

IE00B01ZSK94 4,592,333 4,592,333 3,500,000 3,500,000

4.847%

B: Qualifying Financial Instruments Resulting situation after the triggering transaction

Type of financial Expiration Exercise/ Number of voting % of voting instrument date Conversion rights that may be rights Period acquired if the instrument is exercised/ converted. C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction Type of Exercise Expiration Exercise/ Number of % of voting financial price date Conversion voting rights instrument period rights instrument refers to Nominal Delta Total (A+B+C) 3,500,000 Number of voting rights Percentage of voting rights 3,500,000 4.847%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

Proxy Voting: 10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information: All shares are held indirectly 14. Contact name: Gartmore Investment Limited

15. Contact telephone number: 02077822324