Diamondcorp Plc Industrial Action Ends (9896Y)

TIDMDCP

RNS Number : 9896Y

Diamondcorp Plc

05 December 2014

5 December 2014

DiamondCorp plc

AIM share code: DCP & JSE share code: DMC

ISIN: GB00B183ZC46

(Incorporated in England and Wales)

(Registration number 05400982)

(SA company registration number 2007/031444/10)

("DiamondCorp", or "the Company")

INDUSTRIAL ACTION ends

DiamondCorp, the Southern African diamond development and exploration company, is pleased to announce that the industrial action by members of the Association of Mineworkers and Construction Union (AMCU) employed at the Lace diamond mine in the Free State province of South Africa has ended.

The issue in dispute was management's refusal to employ two additional full-time salaried shop stewards. AMCU is the majority union at the Lace mine and already has five appointed shop stewards in the workforce.

AMCU members have voted to resume work at 06h00 on Monday, 8 December 2014, without the appointment of any additional full-time shop stewards.

In due course, the Company will provide an update on the impact of the industrial action on the Lace mine development and operational schedule going forwards.

Contact details:

DiamondCorp plc

Paul Loudon, Chief Executive

Tel: +27 56 216 1300

Euan Worthington, Chairman

Tel: +44 7753 862 097

UK Broker & Nomad

Panmure Gordon (UK) Limited

Dominic Morley/Adam James

Tel: +44 20 7886 2500

JSE Designated Advisor

Sasfin Capital (a division of Sasfin Bank Limited)