Diamondcorp Plc Directorate Change (5220N)

TIDMDCP

RNS Number : 5220N

Diamondcorp Plc

01 February 2016

1st February 2016

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", "the Group" or "the Company")

RETIREMENT AND APPOINTMENT OF NON-EXECUTIVE DIRECTORS

DiamondCorp, the Southern African diamond development and exploration company, announces that Nick Allen has chosen to retire as a Non-Executive Director and is pleased to announce the appointment of Christopher (Chris) Ellis as an independent Non-Executive Director with effect from 1(st) February 2016.

Together with Paul Loudon, Nick Allen was a founding director of DiamondCorp in March 2005. His long association with the diamond industry and in particular, his knowledge of the downstream areas of the market have been invaluable in helping the Company develop its sale conduits.

Chris Ellis has had an investment banking career spanning over 20 years in London and the United States. For the last 9 years his principal activities have revolved around all financial aspects of the diamond supply chain, representing and advising industry banks, cutters & polishers, jewellery manufacturers and retailers.

He is presently a Director of DFin Ltd, and was previously a principal of Consensus Advisors in London and the United States.

Chris will join the Audit and Remuneration Committees and stand for election by shareholders at this year's Annual General Meeting.

Commenting on the announcement, DiamondCorp's Chairman, Euan Worthington said "I am very sad that Nick is retiring from the Board and we thank him for his wise counsel and valuable support over the past decade. We are pleased that Chris Ellis has accepted our invitation to join the Board of DiamondCorp. His knowledge of the downstream diamond industry and associated bankers will help replace the skills we have lost with Nick's retirement."

Further information on Mr Ellis is provided in the appendix below.

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)

Megan Young

Tel: +27 11 445 8068

Appendix

Mr Christopher Graham Ellis, aged 53, is or has been in the past five years a director of the following companies:

Current directorships / partnerships

DFin Limited (previously Consensus Advisors Limited)

Previous directorships / partnerships (held in the past five years)

Consensus Advisory Services LLC

Dreadnought Holdings Inc.

The East India Company LLC

P4P Holdings LLC

Chris Ellis currently holds no shares in the Company.

There is no further information to be disclosed under Schedule 2(g) and Rule 17 of the AIM Rules in respect of Chris Ellis's appointment as a Non-Executive Director.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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