Cancellation of AIM Listing and Update on AltX

12 May 2017

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 Company" or "the Group")

Cancellation of AIM listing and update on AltX delisting

DiamondCorp, today announces that pursuant to Rule 41 of the AIM Rules for Companies, the Company's admission to trading on AIM will be cancelled with effect from 7.00 am (GMT) on 15 May 2017.

The suspension to trading in the Company's shares on the JSE Limited ("JSE") remains effective whilst discussions are being held with the JSE in order to facilitate a delisting from the AltX sector of the JSE. Shareholders will be advised of the outcome of these discussions in due course by notice on the Company's website and by an announcement on the Stock Exchange News Service of the JSE in South Africa.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014.

Contact details:

DiamondCorp plc

Chris Ellis, Interim Non-Executive Chairman

Tel: +44 (0) 20 3151 0970

Paul Loudon, Chief Executive

Tel: +27 56 216 1300

JSE Designated Adviser

Sasfin Capital (a division of Sasfin Bank Limited)Megan Young

Tel: +27 11 445 8068