Change of Adviser

17 March 2015 Karelian Diamond Resources plc ("Karelian" or "the Company") Appointment of Broker Karelian Diamond Resources plc (AIM: KDR; ESM: KDR.I), announces it hasappointed Beaufort Securities Limited as its sole broker with immediate effect. Further Information: Professor Richard Conroy, Chairman Tel: +353-1-661-8958Karelian Diamond Resources plc Virginia Bull/Simon Clements Tel: +44-20-7628-2200Sanlam Securities UK Limited (Nomad) Elliot Hance Beaufort Securities Limited (Broker) Tel: +44-20-7382-8416 Ger Heffernan/IBI Corporate Finance Limited (ESM Adviser) Tel: +353-766-234-800 Michael Padley/ Lothbury Financial Services Tel: +44-20-3440-7620 Don Hall/ Hall Communications Tel: +353-1-660-9377

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