Merger Update

17 May 2007 07:00

Gravity Diamonds Limited17 May 2007 RELEASED ON BEHALF OF: GRAVITY DIAMONDS LIMITED (ASX & AIM : GRN) 17 May 2007 LETTER TO SECURITYHOLDERS RE MWANA MERGER UPDATE Please refer to the attached PDF for the abovementioned document. http://www.rns-pdf.londonstockexchange.com/rns/7589w_-2007-5-17.pdf Further Information: Phil Harman, Managing Director, Gravity Diamonds Ltd. Tel: +61-3-9909-7655 Elisa 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