REG-Petra Diamonds: Update re the Publication of Report on Williamson Mine

Petra DiamondsAnnouncement

30/03/2021 07:05

30 March 2021   LSE: PDL 

Petra Diamonds Limited

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

Update Regarding the Publication of Report on Williamson Mine

As previously announced, Petra Diamonds Limited has committed to provide
feedback on the investigation being carried out by an external advisor, in
conjunction with its legal advisors, into the allegations of human rights
abuses at the Williamson mine.  

The Company has recently obtained further additional information relating to
the allegations which will help with the preparation of its report, and this
information is currently being processed by the external adviser. As a result,
the Company will defer the publication of its feedback on the independent
investigation until this additional work has concluded.

The Company now anticipates that its report on the investigation will be
published around the end of April 2021.  

All of the Company’s announcements released to date regarding the
allegations 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/.

~ Ends ~

For further information, please contact:

Petra Diamonds,
London                                        
Telephone: +44 20 7494 8203
Marianna
Bowes                                            
           investorrelations@petradiamonds.com

Celicourt                                                                   
Telephone: +44 20 8158 5829
(PR Adviser)
Philip Dennis
                                                 
           Petra@celicourt.uk
Jimmy Lea                
                                               
                       
                                                                                                           
            

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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