Posting of Circular

23 December 2015

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")

Posting of circular and notice of general meeting

Further to the announcement of 3 December 2015, DiamondCorp, the Southern African diamond mining, development and exploration company, confirms that the Circular pursuant to the Placing has been posted to Shareholders and will be made available on the Company's website at www.diamondcorp.plc.uk.

The Circular contains notice of the General Meeting to seek Shareholders' approval to grant new authorities to enable the Directors, inter alia, to complete the Placing, as the Directors do not currently have sufficient authorities in place to undertake the Placing of the Second Tranche Placing Shares. The General Meeting will be held at 11.00 a.m. (UK time) on 7 January 2016 at City Group plc, 6 Middle Street, London EC1A 7JA, United Kingdom.

Capitalised terms in this announcement, unless otherwise defined, have the same meaning given to them in the announcements issued by the Company on 2 and 3 December 2015. All times referred to in this announcement are London times.

Contact details:

DiamondCorp plc

Paul Loudon, Chief Executive

Tel: +27 828 246 897

Euan Worthington, Chairman

Tel: +44 7753 862 097

UK Broker, Sole Placing Agent & Nominated Adviser

Panmure Gordon (UK) Limited

Dominic Morley / Adam James

Tel: +44 20 7886 2500

JSE Designated Adviser

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

Tel: +27 11 445 8068

SA Corporate Adviser

Qinisele Resources Proprietary Limited

Dennis Tucker / Andrew Brady

Tel: +27 11 883 6358