Petra Diamonds Regulatory News (PDL)

Petra Diamonds Limited

("Petra" or the "Company")

Deferred Share Awards

Petra Diamonds Limited announces that on 26 November 2015 the Executive Directors of the Company were granted deferred awards over ordinary shares in the Company under the annual performance bonus plan.

The deferred share awards are as follows and represent 25% of the total bonus in respect of performance for the financial year ended 30 June 2015.

Notes:

1. All awards are granted as conditional awards over ordinary shares in Petra of 10 pence each.

2. No consideration was payable for the grant of the awards.

3. Awards may be settled using existing shares purchased in the market or in cash at the Company's discretion.

4. The awards will ordinarily vest on 30 June 2017; further details regarding deferred share awards are set out within the Directors' Remuneration Report within the Company's 2015 Annual Report. 

5. The grant of these awards does not affect Petra's Total Voting Rights.

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For further information, please contact:

Petra Diamonds, London Telephone: +44 20 7494 8203

Cathy Malins cathy.malins@petradiamonds.com

Cornelia Grant cornelia.grant@petradiamonds.com

Buchanan Telephone: +44 20 7466 5000

(PR Adviser)

Bobby Morse bobbym@buchanan.uk.com

Anna Michniewicz annam@buchanan.uk.com

RBC Capital Markets Telephone: +44 20 7653 4000

(Joint Broker)

Matthew Coakes matthew.coakes@rbccm.com

Jonathan Hardy jonathan.hardy@rbccm.com

Barclays Telephone: +44 20 7623 2323

(Joint Broker)

Bertie Whitehead bertie.whitehead@barclays.com

Philip Drake philip.e.drake@barclays.com

About Petra Diamonds Limited

Petra Diamonds is a leading independent diamond mining group and an increasingly important supplier of rough diamonds to the international market. The Company has interests in five producing mines: four in South Africa (Finsch, Cullinan, Koffiefontein and Kimberley Underground) and one in Tanzania (Williamson). It also maintains an exploration programme in Botswana.

Petra has a core objective to steadily increase annual production to ca. 5 million carats by FY 2019. The Group has a significant resource base of ca. 300 million carats.

Petra conducts all operations according to the highest ethical standards and will only operate in countries which are members of the Kimberley Process. Petra is quoted with a premium listing on the Main Market of the London Stock Exchange under the ticker 'PDL' and is a member of the FTSE 250. For more information, visit the Company's website at www.petradiamonds.com.