Holding(s) in Company

12 December 2016

Karelian Diamond Resources Plc

(“KDR” or the “Company”)

HOLDINGS IN COMPANY

Karelian Diamond Resources Plc (AIM: KDR, ESM: KDRI) announces that it has been informed that, following a purchase made earlier today, Mr Alan Osborne now hold 15,945,750 ordinary shares of €0.00001 each in the Company, equal to approximately 5.02 per cent. of the issued share capital of the Company.

Further Information:

Professor Richard Conroy, Chairman, Karelian Diamond Resources plc	Tel: [phone]
David Hart / James Thomas / Nick Harriss, Allenby Capital Limited (Nomad)	Tel: [phone]
Ger Heffernan / Jan Fitzell, IBI Corporate Finance Limited (ESM Adviser)	Tel: [phone]
Jon Belliss / Elliot Hance, Beaufort Securities Limited (Broker)	Tel: [phone]
Michael Padley, Lothbury Financial Services Limited	Tel: [phone]
Don Hall, Hall Communications	Tel: [phone]

www.kareliandiamondresources.com