Petra Diamonds Ltd.

Share Issue/Capital Change • Nov 28, 2014

National Storage Mechanism | Additional information

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RNS Number : 3139Y

Petra Diamonds Limited

28 November 2014

28 November 2014	LSE: PDL

Petra Diamonds Limited

("Petra" or the "Company")

Deferred Share Awards

Petra Diamonds announces that on26 November 2014 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 and represent 25% of the total bonus in respect of performance for the financial year ended 30 June 2014. The awards will ordinarily vest on 30 June 2016 and vesting is subject to continued employment.

Director	Role	Shares awarded
Johan Dippenaar	Chief Executive Officer	54,587
David Abery	Finance Director	50,823
Jim Davidson	Technical Director	50,823

The Company also announces that the deferred share awards over ordinary shares in respect of the bonus for the year ended 30 June 2012, as set out below and announced on 19 December 2012, vested on 26 November 2014 and will shortly be settled in cash based on the 30 day average share price for the period to 26 November 2014.

Director	Role	Shares awarded
Johan Dippenaar	Chief Executive Officer	68,919
David Abery	Finance Director	63,996
Jim Davidson	Technical Director	63,996

Notes:

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

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

3.   Awards may be settled using existing shares purchased in the market or in cash at the Company's discretion.

4.   The grant and vesting of these awards does not affect Petra's Total Voting Rights.

~ Ends ~

For further information, please contact:

Petra Diamonds, London	Telephone: +44 20 7494 8203
Cathy Malins	[email protected]
Cornelia Grant	[email protected]

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

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

Barclays (Joint Broker)	Telephone: +44  20 7623 2323
Bertie Whitehead	[email protected]
Marcus Jackson	[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 five producing mines: four in South Africa (Finsch, Cullinan, Koffiefontein and Kimberley Underground) 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 constituent of the FTSE 250 Index.

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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