REG-Petra Diamonds: Director Resignation

Petra DiamondsAnnouncement

17/05/2022 07:15

17 May 2022   LSE: PDL 

Petra Diamonds Limited

(“Petra” or the “Company”)

Director Resignation

Petra today announces that Matthew Glowasky has informed the Board that he
will stand down as a Non-Executive Director of the Company, with immediate
effect.

Mr Glowasky was appointed as a non-independent, Non-Executive Director of the
Company on 10 March 2021, pursuant to a Nomination Agreement between the
Company and Monarch Master Funding 2 (Luxembourg) S.a r.l. (“Monarch”) and
following the successful completion of the recapitalisation of the Petra
Group. 

While Monarch does not currently intend to nominate a director to replace Mr
Glowasky, it retains its right to do so under the Nomination Agreement. 
Further details of the Nomination Agreement are contained in the combined
circular and prospectus published by Petra on 22 December 2020.

Peter Hill, Petra’s Non-Executive Chairman, commented:

“On behalf of the Board, I would like to thank Matthew for his contribution
to Petra during his tenure as a director and wish him every success in his
future endeavours.”

~ Ends ~

For further information, please contact:

Petra Diamonds, London                 Telephone: +44 20 7494
8203

Jill Sherratt                             
            investorrelations@petradiamonds.com         

Patrick Pittaway

Julia Stone

About Petra Diamonds Limited

Petra Diamonds is a leading independent diamond mining group and a supplier of
gem quality rough diamonds to the international market. The Company’s
portfolio incorporates 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. 230 million carats, which supports the potential for long-life
operations.

Petra strives to conduct all operations according to the highest ethical
standards and only operates 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$336.7 million notes due in
2026 are listed (subject to temporary suspension) on the Irish Stock Exchange
and admitted to trading on the Global Exchange Market. For more information,
visit www.petradiamonds.com.



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