Petra Diamonds Ltd.

Management Reports • Dec 23, 2013

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RNS Number : 1792W

Petra Diamonds Limited

23 December 2013

23 December 2013	LSE: PDL

Petra Diamonds Limited

("Petra" or the "Company")

Deferred Share Awards

Petra Diamonds announces that on 20 December 2013 the Executive Directors of the Company were granted deferred awards over ordinary shares in the Company under the annual performance bonus plan.

The deferred share awards are as follows:

Director	Role	Shares awarded
Johan Dippenaar	Chief Executive Officer	71,223
David Abery	Finance Director	66,311
Jim Davidson	Technical Director	66,311

Notes:

1.   The awards represent 25% of the total bonus in respect of performance for the financial year ended 30 June 2013.

2.   The awards will ordinarily vest on 30 June 2015 and vesting is subject to continued employment.

3.   All awards are granted as conditional awards over ordinary shares in Petra of 10 pence each.

4.   No consideration was payable for the grant of the awards.

5.   Awards will be settled using existing shares purchased in the market. The awards may be settled in cash at the Company's discretion.

6.   The grant of these awards does not affect Petra's Total Voting Rights.

~ Ends ~

For further information, please contact:

Petra Diamonds (Corporate Communications)	Telephone: +44 20 7494 8203
Cathy Malins	[email protected]

Buchanan (PR Adviser)	Telephone: +44 20 7466 5000
Cornelia Browne Bobby Morse Louise Mason	[email protected] [email protected] [email protected]

RBC Capital Markets (Joint Broker)	Telephone: +44 20 7653 4000
Matthew Coakes Jonathan Hardy	[email protected] [email protected]

Canaccord Genuity Limited (Joint Broker)	Telephone: +44  20 7523 8000
Ryan Gaffney	[email protected]
Chris Fincken	[email protected]

About Petra Diamonds Limited

Petra Diamonds is a leading independent diamond mining group and an increasingly important supplier of rough diamonds to the international market. The Company has interests in six producing mines: five in South Africa (Finsch, Cullinan, Koffiefontein, Kimberley Underground and Helam) and one in Tanzania (Williamson). It also maintains an exploration programme in Botswana.

Petra offers an exceptional growth profile, with a core objective to steadily increase annual production to 5 million carats by FY 2019. The Group has a major resource base in excess of 300 million carats.

Petra conducts all operations according to the highest ethical standards and will only operate in countries which are members of the Kimberley Process. Petra is quoted with a premium listing on the Main Market of the London Stock Exchange under the ticker 'PDL' and is a member of the FTSE 250.

For more information, visit the Company's website at www.petradiamonds.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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