KIM Kimcor

RNS Number:1965E
KimCor Diamonds plc
20 September 2007


                              KimCor Diamonds Plc
                          ("KimCor" or the "Company")

                    Result of Extraordinary General Meeting

The Board of KimCor is pleased to announce that the resolutions proposed at the
Extraordinary General Meeting held earlier today to approve, inter alia, the
acquisition of Dwyka Diamonds Holdings Limited, the waiver of obligations under
Rule 9 of the City Code on Takeovers and Mergers and related matters, as set out
in the notice of Extraordinary General Meeting dated 21 August 2007, were duly
approved by Shareholders. The Acquisition remains conditional on Admission.

On Admission, Dwyka Resources Limited will be interested in aggregate in
134,383,718 Ordinary Shares representing approximately 50.09 per cent. of the
Company's enlarged issued share capital.

Application has been made to the London Stock Exchange for the Ordinary Shares
of the Company to be admitted to trading on AIM. Admission is expected to become
effective and dealings in the 268,265,577 Ordinary Shares are expected to
commence at 8.00 a.m. tomorrow, Friday 21 September 2007.

Completion of the Acquisition is due to take place on 21 September 2007. With
effect from completion of the Acquisition, Melissa Sturgess will be appointed as
Non-Executive Chairman and Cedric Bredenkamp as Managing Director, reporting to
Martyn Churchouse, Chief Executive Officer. Gordon Riddler and Manish Kotecha
will resign from the Board.

Unless the context otherwise requires, defined terms used in this announcement
shall have the meanings given to them in the Admission Document to shareholders
of the Company dated 21 August 2007.

The Directors accept responsibility for the contents of this announcement.

The Board of KimCor is also pleased to announce that at its Annual General
Meeting held earlier today at the offices of Nabarro, Lacon House, 84 Theobald's
Road, London WC1X 8RW, all resolutions were duly passed.


Enquiries:

KimCor Diamonds Plc                               Tel: +44 (0) 20 7290 1400
Martyn Churchouse, Chief Executive Officer
Sarah Rossi, Company Secretary

Strand Partners Limited                           Tel: +44 (0) 20 7409 3494
Simon Raggett
Warren Pearce
Victoria Milne-Taylor

Bishopsgate Communications                        Tel: +44 (0) 20 7562 3350
Maxine Barnes
Nick Rome

Strand Partners Limited, which is authorised and regulated in the United Kingdom
by the Financial Services Authority, is acting as financial and nominated
adviser to the Company in connection with the Acquisition and proposed admission
of the Enlarged Share Capital to trading on AIM. Its responsibilities as the
Company's nominated adviser under the AIM Rules are owed solely to the London
Stock Exchange and are not owed to the Company or to any Director or Proposed
Director or to any other person in respect of their decision to acquire shares
in the Company in reliance on any part of this announcement. Strand Partners
Limited is not acting for anyone else and will not be responsible to anyone
other than the Company for providing the protections afforded to its clients or
for providing advice in relation to the contents of this announcement or the
Acquisition or Admission of the Enlarged Share Capital to trading on AIM.


                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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