10 December 2007

AIM RELEASE

KIMBERLEY DIAMOND COMPANY NL (AIM: KDC)
GEM DIAMONDS AUSTRALIA PTY LTD - COMPULSORY ACQUISITION OF
OUTSTANDING KIMBERLEY SHARES

Gem Diamonds Australia has lodged with the Australian Securities & Investment
Commission and the Australian Securities Exchange notice of compulsory
acquisition of the remaining shares on issue in Kimberley Diamond Company NL.

Full details of the notice and a copy letter to be despatched to the remaining
Kimberley shareholders can be found on ASX website at www.asx.com.au and on the
Kimberley's website at www.kimberleydiamondco.com.au.

J Mathie
COMPANY SECRETARY

The Company's Nominated Advisor is RFC Corporate Finance Ltd, contact Steve
Allen or Stuart Laing - phone +618 9480 2500.

KIMBERLEY DIAMOND COMPANY NL ABN 91 061 899 634
12 WALKER AVENUE WEST PERTH 6005 WESTERN AUSTRALIA
PO BOX 806 WEST PERTH WESTERN AUSTRALIA 6872
TEL (+61-8) 9321 5887 FAX (+61-8) 9321 5884 EMAIL general@kimres.com.au
WWW www.kimberleydiamondco.com.au

END
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