Directorate Change (4061C)

TIDMDCP

RNS Number : 4061C

Diamondcorp Plc

01 May 2012

1 May 2012

DiamondCorp plc

Directorate Change

The Board of Directors of DiamondCorp plc ("DiamondCorp" or "the Company") is pleased to announce the appointment of Michael Toxvaerd to the Board as Non-executive Director with immediate effect.

Mr Toxvaerd is Chief Investment Officer of HBG Management Partners, a leading UK private equity firm serving high net worth private and institutional clients in the Arabian Gulf. He has more than 15 years of experience founding, operating, acquiring, integrating and leading a variety of businesses in private equity and public markets at board and senior management level. Mr Toxvaerd was most recently Founder, CEO and Deputy Chairman of NeutraHealth plc, an AIM listed company. He holds an MBA from Cranfield School of Management.

Mr Toxvaerd is also a non-executive Director of European Islamic Investment Bank plc ("EIIB"), an AIM listed company and significant shareholder of DiamondCorp. EIIB is interested in a total of 55,761,412 ordinary shares in the Company, which represents approximately 23.02% of the issued share capital of the Company.

HBG Management Partners, via its wholly owned subsidiaries, is interested in 274,633,802 ordinary shares of EIIB, which represents approximately 15.55% of the issued share capital of EIIB.

Euan Worthington, Chairman commented:

"We are very pleased to welcome Michael on to the Board and believe that his financial background will help to finalise the financing for Lace while his entrepreneurial experience will help us evaluate other opportunities in the diamond sector".

Please see the Appendix below for further disclosure with regard to Michael Toxvaerd in accordance with the AIM Rules for Companies.

Contact details:

DiamondCorp plc

Paul Loudon, Chief Executive Officer

+44 20 3151 0970 / +27 56 212 2308

Fairfax I.S. PLC

AIM Nomad and Joint Broker

Ewan Leggat/Laura Littley

+44 207 598 5368

Ocean Equities Limited

Joint Broker

Guy Wilkes

+44 207 786 4370

PSG Capital (Pty) Limited

JSE Sponsor

John-Paul Dicks

+27 21 887 9602

Russell & Associates

Charmane Russell/Marion Brower

+27 11 880 3924

APPENDIX

Further disclosures regarding Michael Toxvaerd as required by the AIM Rules for Companies.

Full name: Michael Hjelm Toxvaerd

Age: 37

Michael Toxvaerd currently holds, or has during the five years preceding the date of this announcement held, the following directorships or partnerships:

 
 Current                       Past 
 
 European Islamic Investment   Aquacell International 
  Bank Plc                      Limited 
 HBG Holdings UK LLP           Bg2zero Ltd 
 HBG Small Cap 2 LTD           Biocare 2000 Limited 
 HBG Small Cap 3 LTD           Biocare Agricultural 
                                Supplies Limited 
 HBG Small Cap 4 LTD           Biocare Clinics Limited 
 HBG Small Cap SPV 1           Biocare (Holdings) Limited 
  Limited 
 Letssavesomemoney Limited     Biocare International 
                                Limited 
 PAF Ventures Limited          Biocare Limited 
 PAF Entertainment Limited     Brunel Healthcare Limited 
                               Brunel Healthcare Manufacturing 
                                Limited 
                               Natural Wellbeing Limited 
                               Neutrahealth plc 
                               Nutrahealth Limited 
                               Nutrahealth UK Limited 
                               Perrigo Pharma Limited 
                               Totally Nourish Limited

This information is provided by RNS

The company news service from the London Stock Exchange

END

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