– UK, London – DiamondCorp plc (AIM:DCP / JSE: DMC), the Southern Africa focussed diamond mine development and exploration company, announces the following changes to the Board.

Further to the announcement of 20 October 2016, that Chris Ellis, current Non-Executive Director of DiamondCorp, has been formally appointed as Independent Interim Non-Executive Chairman with immediate effect . The Company is also pleased to announce the appointment of Neil McDougall as a Non-Executive Director with immediate effect.

Mr McDougall’s appointment is pursuant to the terms of the financing facility (“Facility”) with Rasmala plc (“Rasmala”) as announced on 20 October 2016, and is in addition to the continued role of Michael Toxvaerd as Non-Executive Director of both DiamondCorp and Rasmala.

Neil McDougall is Chief Financial Officer of Rasmala and is an experienced professional with many years of senior management experience in international environments. Prior to joining Rasmala, Mr McDougall has served in senior finance roles in various organisations including Europe Arab Bank Plc, Commerzbank and Standard Chartered. In his previous roles, he has been responsible for all aspects of Global Finance support, from performance management and decision making through to Product Control, Valuations Control and Financial and Regulatory Reporting.

Prior to these roles Neil also covered senior roles at Bank of Nova Scotia, Dai-Ichi Kangyo (now Mizuho) and started his career at Kleinwort Benson Merchant Bank. He obtained his CIMA qualification in 1993.

The Company also announces that Mr Hulme Scholes, current Non-Executive Director, has resigned from the Board, effective immediately, but shall continue to remain a director of DiamondCorp’s operating subsidiary Lace Diamond Mines (Pty) Limited.

Mr Neil Thomas McDougall, aged 49, is a director of Rasmala plc and European Islamic Investment Bank Limited and, within the last five years, was a director of CEBH Consultancy Limited.

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