BOTSWANA DIAMONDS PLC

Share Issue/Capital Change • Oct 6, 2022

National Storage Mechanism | Additional information

RNS Number : 0808C

Botswana Diamonds PLC

06 October 2022

6th October 2022

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

Exercise of Warrants

Botswana Diamonds announces that pursuant to the receipt of a conversion notice from a holder of 412,545 warrants exercisable at 0.60 pence each, it has today issued 412,545 ordinary shares of £0.0025 each ("Ordinary Shares") at the exercise price of 0.60 pence per new share ("New Shares").

Application will be made for the New Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM and it is expected that this will take place on or around 12th October 2022 ("Admission"). The proceeds of the exercise of £2,475 will be used for additional working capital.

Following the Admission of the 412,545 New Shares, Botswana Diamonds will have 956,615,779 Ordinary Shares in issue which will also represent the total number of voting rights in the Company. The above figure should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018. The person who arranged for the release of this announcement on behalf of the Company was Jim Finn, Director

A copy of this announcement is available on the Company's website, at www.botswanadiamonds.co.uk

Enquiries:

Botswana Diamonds PLC John Teeling, Chairman James Campbell, Managing Director Jim Finn, Director	+353 1 833 2833 +27 83 457 3724 +353 1 833 2833
Beaumont Cornish - Nominated Adviser  Michael Cornish Roland Cornish	+44 (0) 020 7628 3396
Beaumont Cornish Limited - Broker  Roland Cornish Felicity Geidt	+44 (0) 207 628 3396
First Equity Limited -  Joint Broker  Jason Robertson	+44 (0) 207 374 2212
BlytheRay - PR Megan Ray Rachael Brooks Said Izagaren	+44 (0) 207 138 3206 +44 (0) 207 138 3553 +44 (0) 207 138 3206 +44 (0) 207 138 3206
Teneo Luke Hogg Alan Tyrrell	+353 (0) 1 661 4055 +353 (0) 1 661 4055

www.botswanadiamonds.co.uk

ENDS

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