Appointment of Nomad & Broker

29 May 2013 Paragon Diamonds Limited ("Paragon Diamonds" or the "Company") (AIM: PRG) Appointment of Nomad & Broker

Paragon Diamonds Limited announces the appointment of Sanlam Securities UKLimited as its Nominated Adviser and sole broker with immediate effect.

For further information: Paragon Diamonds Limited +44 (0) 20 7099 1940 Martin Doyle - Chairman Simon Retter - Finance Director www.paragondiamonds.com Sanlam Securities UK (Nomad and Broker) +44 (0) 20 7628 2200 Lindsay Mair

Catherine Miles