Adviser Change of Name

Karelian Diamond Resources

19/03/2013 07:00

19 March 2013

                        Karelian Diamond Resources plc

                                (the "Company")

                            Adviser Change of Name

The Company announces that its Nominated Adviser, Merchant Securities Limited,
has changed its name to Sanlam Securities UK Limited with immediate effect.

Enquiries:

Karelian Diamond Resources plc                             Tel: +353-1-661-8958
Professor Richard Conroy, Chairman

Sanlam Securities UK Limited (Nominated Adviser)           Tel: +44-20-7628-2200
Simon Clements/Virginia Bull

END