REG-Petra Diamonds: Response to report published by RAID

Petra DiamondsAnnouncement

25/03/2021 11:40

25 March 2021   LSE: PDL 

Petra Diamonds Limited

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

Response to report published by RAID

Petra Diamonds Limited acknowledges the report published by RAID on 25 March
2021.

As previously stated, Petra takes the allegations of human rights abuses at
the Williamson mine extremely seriously.  Petra has committed to provide
feedback on the investigation being carried out by an external advisor, in
conjunction with our legal advisors; the scope of this investigation already
includes the allegations mentioned by RAID in their report.  

As detailed in our recent announcements, the Company has taken a number of
actions to address the situation at the Williamson Mine, including the
replacement of the third party security contractor at the mine, as noted in
our announcement on 9 February 2021.

All of the Company’s announcements regarding this issue, including its
responses to RAID, are available on the Company’s website:
https://www.petradiamonds.com/our-operations/our-mines/williamson/allegations-of-human-rights-abuses-at-the-williamson-mine/.

For further information, please contact:

Petra Diamonds,
London                                        
Telephone: +44 20 7494 8203

Marianna
Bowes                                            
            investorrelations@petradiamonds.com

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 conducts all operations 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.



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