REG-Karelian Diamond Res.: Result of Meeting

Karelian Diamond ResourcesAnnouncement

17/02/2021 13:05

17 February 2021

Karelian Diamond Resources plc

(“Karelian Diamonds” or the “Company”)

Result of extraordinary general meeting

Karelian Diamond Resources plc (AIM: KDR), the diamond exploration and
development company focused on Finland, is pleased to announce that the
resolutions put to shareholders of the Company at the Extraordinary General
Meeting held earlier today were duly passed.

As stated in the Company’s announcement of 25 January 2021, it is expected
that the migration of the settlement system relating to trading in the
Company’s shares from CREST in London to Euroclear Bank in Belgium will
occur on 15 March 2021. The Company’s shares will continue to be traded on
the AIM market in London.

Voting on all resolutions at the EGM was conducted by a poll and the results
are set out below.

 No.  Resolution                                            Votes for            Votes against  Votes withheld  Total votes cast  % of issued share capital voted  
 1    Shareholders’ consent to the migration                24,585,241 (99.99%)  1,248 (0.01%)  156             24,586,489        45.9%                            
 2    Approval and adoption of new articles of association  24,585,341 (99.99%)  1,248 (0.01%)  56              24,586,589        45.9%                            
 3    To give effect to aspects of the migration            24,585,341 (99.99%)  1,248 (0.01%)  56              24,586,589        45.9%                            

Notes 
1. Any proxy appointments which gave discretion to the Chairman have been
included in the “votes” for total
2. A “vote” withheld is not a valid vote in Irish law and was not counted
in the calculation of the proportion of the votes “For” or “Against”
For further information please contact:

 Karelian Diamond Resources plc          Tel: +353-1-479-6180   
 Professor Richard Conroy, Chairman                             
 Allenby Capital Limited (Nomad)         Tel: +44-20-3328-5656  
 Nick Athanas/Nick Harriss                                      
 Brandon Hill Capital Limited (Broker)   Tel: +44-20-3463-5000  
 Jonathan Evans                                                 
 Lothbury Financial Services            T el: +44-20-3290-0707  
 Michael Padley                                                 
 Hall Communications                     Tel : +353-1-660-9377  
 Don Hall                                                       

Visit the website at: www.kareliandiamondresources.com



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