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Holding(s) in Company

28 Jul 2010 13:45

27 July 2010 Karelian Diamond Resources plc ("Karelian" or "the Company") Holdings in Company

The Company announces, following notification received today, that Gartmore Investment Limited now holds 4,592,333 ordinary shares in the capital of the Company, equivalent to 7.59 per cent. of the voting share capital of Karelian. The shares are held via Gartmore Fund Managers Limited, A/C Gartmore UK & Irish Smaller Companies.

Further Information:

Professor Richard Conroy, Chairman, Karelian Diamond Tel: +353-1-661-8958 Resources plc

Simon Clements/Virginia Bull, Merchant Securities Limited Tel:(Nomad) +44-20-7628-2200 John Tuite, IBI Corporate Finance Limited (ESM Adviser) Tel +353-1-637-7800 Charles Dampney, City Capital Corporation Limited (Broker) Tel: +44-20-3178-3399 Michael Padley/Michael Spriggs, Lothbury Financial Tel:Services Limited +44-20-7868-2010 Don Hall, Hall Communications Tel: +353-1-660-9377

http://www.kareliandiamondresources.com

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