Result of General Meeting

7 January 2016

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")

Result of General Meeting

DiamondCorp, the Southern African diamond mining, development and exploration company, announces that, at the General Meeting held earlier today, all the Resolutions to approve, inter alia, the Placing of the Second Tranche Placing Shares, details of which were set out in the notice of General Meeting included in the circular dated 21 December 2015 (the "Circular"), were passed by the requisite majority of votes cast.

Application has been made for the 34,329,667 Second Tranche Placing Shares to be admitted to trading on the AIM Market of the London Stock Exchange plc and the Alternative Exchange of the JSE Limited. Settlement for and Admission of the Second Tranche Placing Shares is expected to take place on AIM on 8 January 2016 and to Alt-X on or about 12 January 2016.

DiamondCorp's enlarged issued ordinary share capital immediately following the issue of the Second Tranche Placing Shares will be 445,406,247 Ordinary Shares.

Capitalised terms in this announcement, unless otherwise defined, have the same meaning given to them in the Circular.

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