Holding(s) in Company

Karelian Diamond Resources plc

(“Karelian Diamonds” or “the Company”)

12 March 2018

Holding in Company

Karelian Diamond Resources plc (“Karelian”) (AIM: KDR), announces that it was informed on 9 March 2018 that Kevin Taylor is now interested in 704,495 ordinary shares of €0.00025 in the capital of the Company, equal to approximately 3.01 per cent. of Company’s issued ordinary share capital.

Further Information:

Professor Richard Conroy, Chairman, Karelian Diamond Resources plc	Tel: [phone]
Virginia Bull / Nick Harriss, Allenby Capital Limited (Nomad)	Tel: [phone]
Michael Padley, Lothbury Financial Services Limited	Tel: [phone]
Don Hall, Hall Communications	Tel: [phone]

www.kareliandiamondresources.com