REG-Petra Diamonds: Appointment of Non-Executive Directors

Petra DiamondsAnnouncement

01/07/2021 07:05

1 July 2021   LSE: PDL 

Petra Diamonds Limited

("Petra" or the "Company" or the “Group”)

Appointment of Non-Executive Directors

Petra today announces the following Non-Executive Director appointments,
effective immediately.

Deborah Gudgeon is appointed as an Independent Non-Executive Director and
Chair-designate of the Audit & Risk Committee. Deborah is an Independent
Non-Executive Director and Chair of the Audit Committee of the FTSE 100
natural resources and industrial group Evraz plc, which she joined in 2015.
She has been Independent Non-Executive Director and Chair of the Audit and
Risk Committee of Highland Gold Mining Limited, and Independent Non-Executive
Director and Chair of the Audit Committee of Acacia Mining plc.

Deborah qualified as an ACA at PwC (Coopers & Lybrand) before spending eight
years as Finance Executive with the Africa-focused mining and trading group
Lonrho plc, and then held positions with Deloitte, BDO, Gazelle Corporate
Finance and Penfida Limited. She holds a BSc in Political Science and
Government from the London School of Economics and Political Science and is a
member of the ICAEW. Deborah will serve on Petra’s Nominations, Audit &
Risk, Remuneration and Investment Committees. She is a British Citizen.

Alexandra (Alex) Watson is appointed as a Non-independent Non-Executive
Director, having been nominated by Franklin Templeton. Emeritus Professor of
Accounting at the University of Cape Town, she is the Lead Independent
Non-Executive Director and Chair of the Audit and Risk Committee of Coronation
Fund Managers in South Africa and is Independent Non-Executive Director and
Chair of the Audit and Risk Committee of Steinhoff International Holdings N.V.

Alex is a former Chair of the Accounting Practices Committee of the South
African Institute of Chartered Accountants and is currently Chair of the South
African Financial Reporting Investigations Panel. She was a Board Member, and
in 2019 was Vice-Chair of the Amsterdam-based Global Reporting Initiative and
is a Board Member and member of the Audit, Finance and Investment Committees
of WWF-SA.  Alex holds a BCom degree from the University of Cape Town and is
a qualified Chartered Accountant (SA).  A South African citizen, she will
serve on Petra’s Social, Ethics and Diversity, and Investment Committees.

Johannes Bhatt is appointed as a Non-independent Non-Executive Director,
having been nominated by Monarch Master Funding 2 (Luxembourg) S.a.r.l.
Johannes is currently Managing Director of Incomet Capital GmbH, an investment
company within the mining sector, and a Board Member of Zangezur Copper
Molybdenum Combine, formerly part of the Cronimet Mining Group.

He was previously a Non-Executive Board member of Stemcor Global Holdings, a
steel trading company, having previously been for ten years with Scholz
Holding GmbH, an international metals recycling and industrial group, latterly
as Chief Financial Officer. His earlier career was with Deutsche Bank AG.
 Johannes studied Economics at the University of Augsburg and holds an MBA
from the University of Stuttgart. A German citizen, he will serve on Petra’s
Investment and Health, Safety and Environment Committees.

Peter Hill, Non-Executive Chairman of Petra Diamonds commented:

 “I would like to welcome Deborah, Alex and Johannes to the Board of Petra;
together they bring a wealth of experience, complementing those of our
existing Directors, and their appointments leave the Board well placed to take
the company forward”.

~ Ends ~

For further information, please contact:

Petra Diamonds,
London                                        
           Telephone: +44 20 7494 8203

Marianna
Bowes                                                        
investorrelations@petradiamonds.com

Des
Kilalea                                                     

Julia Stone     

Notes to appointments and changes to Committee Memberships

Ms Watson's and Mr Bhatt's appointments to the Board are pursuant to and in
accordance with a Nomination Agreement that has been executed between the
Company, Franklin Templeton and Monarch. Further details of the Nomination
Agreement are contained in the combined circular and prospectus published by
the Company on 22 December 2020.

Consequent to the above appointments, Matthew Glowasky will stand down from
the Nominations Committee which will now be comprised of Independent
Non-executive Directors. Matthew Glowasky will also stand down from the SED
Committee consequent on Alex Watson’s appointment to the Committee, while
Johannes Bhatt will join the HSE Committee. Bernie Pryor will join the
Investment Committee.

About Petra Diamonds Limited

Petra Diamonds is a leading independent diamond mining group and a consistent
supplier of gem quality rough diamonds to the international market. The
Company has a diversified portfolio incorporating interests in three
underground producing mines in South Africa (Finsch, Cullinan and
Koffiefontein) and one open pit mine in Tanzania (Williamson).

Petra's strategy is to focus on value rather than volume production by
optimising recoveries from its high-quality asset base in order to maximise
their efficiency and profitability. The Group has a significant resource base
of ca. 243 million carats, which supports the potential for long-life
operations.

Petra strives to operate according to the highest ethical standards and will
only operate in countries which are members of the Kimberley Process. The
Company aims to generate tangible value for each of its stakeholders, thereby
contributing to the socio-economic development of its host countries and
supporting long-term sustainable operations to the benefit of its employees,
partners and communities.

Petra is quoted with a premium listing on the Main Market of the London Stock
Exchange under the ticker 'PDL'. The Company’s US$337 million loan notes due
in 2026 will be listed on the Global Exchange market of the Irish Stock
Exchange. For more information, visit www.petradiamonds.com.



Copyright (c) 2021 PR Newswire Association,LLC. All Rights Reserved