Notification of H1 FY 2017 Trading Update

Petra Diamonds Limited

("Petra" or the "Company")

Notification of H1 FY 2017 Trading Update

Petra Diamonds Limited announces that its forthcoming H1 FY 2017 Trading Update will be announced on Monday 23 January 2017.

A conference call to discuss the update with investors and analysts will be hosted at 9:30am GMT on 23 January 2017 and a shorter call for international investors will be hosted later in the day at 4:00pm GMT. Details of these calls will be included in the Trading Update announcement and will be available on the Company's website.

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For further information, please contact:

Petra Diamonds, London Telephone: +44 20 7494 8203

Cornelia Grant cornelia.grant@petradiamonds.com 

Salisha Ilyas salisha.ilyas@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

Ed Hill edward.hill@barclays.com 

BMO Capital Markets Telephone: +44 20 7236 1010

(Joint Broker)

Jeffrey Couch jeffrey.couch@bmo.com

Neil Haycock neil.haycock@bmo.com

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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 operations: three underground mines in South Africa (Finsch, Cullinan and Koffiefontein), the Kimberley Operations (including the Kimberley Underground mine and extensive tailings retreatment operations) and one open pit mine in Tanzania (Williamson). It also maintains an exploration programme in Botswana.

Petra has a core objective to steadily increase annual production to ca. 5.3 million carats by FY 2019. The Group has a significant resource base in excess of 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 constituent of the FTSE 250 and FTSE4Good Indices. For more information, visit the Company's website at www.petradiamonds.com .