Last checked at 20 Aug 2008 14:54

20 August 2008Â
SUNRISE DIAMONDS PLC
NON-EXECUTIVE DIRECTORS' SHARE ISSUE
Sunrise Diamonds plc ("the Company") has today issued 340,249 new ordinary shares at 0.875p per share to Francis Johnstone and 314,169 new ordinary shares at 0.875p per share to Neil Herbert (Messrs Johnstone and Herbert being the two non-executive directors of the Company) following the Company's agreement with the two non-executive directors that their fee entitlements (net of PAYE Income Tax and National Insurance) be settled bi-annually by an issue of new ordinary shares.
This share issue represents payment of net fees for the period 1 January 2008 to 30 June 2008. The issue price is the closing mid-market price on 19 August 2008, the day prior to the date of allotment.
Application has been made for 654,418 new ordinary shares to be admitted to trading on AIM and it is expected that such admission will become effective at 8.00 a.m. on 27 August 2008.
Following the issue Francis Johnstone holds a total of 1,435,245 shares in the Company, representing 1.01% of the issued share capital and Neil Herbert holds a total of 1,410,689 shares in the Company, representing 0.99% of the issued share capital.
The number of shares in issue will therefore be 142,728,007.
For further information contact:
Patrick Cheetham, Sunrise Diamonds plc. Tel: +44 (0)1625 505947
Brett Miller, Ruegg & Co Limited. Tel: +44 (0)20 7584 3663